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Italy Sells 5-Year Bonds, but at Record 6.29% Rate

Italy paid a euro-era high price to sell five-year bonds on Monday, with investors wary of buying its debt until the country's new leadership undertakes profound economic reform.

Real Madrid Transfer News: Cristiano Ronaldo Linked with Shock Move to Cash-Rich PSG

Ronaldo could be targeted by PSG

Italy Anxiously Awaits Reaction to New Premier

Italy anxiously awaits the reaction of financial markets Monday to the appointment of former European Commissioner Mario Monti to head a technocratic government, hoping it will end a disastrous week for the Eurozone's third largest economy.

APEC Leaders, Business Executives Comment at Hawaii Summit

Below are quotes from leaders of Pacific Rim countries and business executives attending the Asia-Pacific Economic Cooperation summit on Saturday.

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U.S. Stocks Plunge on Europe’s Debt Woes: What Should Investors Do?

The Dow Jones Industrial Average (DJIA) registered another difficult day Tuesday, plunging 389 points to 11,781 on institutional investor concern that Italy will not be able to service its debt, and that one, and possibly more countries may leave the Eurozone. What's the prudent stance for the typical investor?

A man stands next to a globe displaying international stock market prices at the London Stock Exchange in the City of London

U.S. Stocks Plummet in Global Flight to Safety

U.S. stocks plummeted Wednesday in a global stampede toward investments perceived as capable of withstanding a severe European downturn, or worse.

Surfer Garrett McNamara Rides 90-Foot Wave, Breaks Record [VIDEO]

Professional surfer Garrett McNamara has broken the record for Largest Wave Surfed after successfully riding an enormous 90 foot wave.

Traders work on the floor of the New York Stock Exchange

Wall Street Selloff as Italy Fans Crisis Worries

Stocks tumbled 3 percent on Wednesday, erasing gains for the week so far, as a spike in Italian bond yields fanned worries about contagion in the European debt crisis.

Wall St slides as Italy sparks debt crisis fears

Stocks slid more than 2 percent on Wednesday as a spike in Italian bond yields heightened fears the debt crisis in Europe was spreading.

Gold, Silver Mining Stock Defy Broader Market, Post Gains

Gold and silver mining company stocks rose Wednesday, defying a global downdraft in equities and underscoring the traditional role precious metals have as a safe haven for investors.

Global Equities Plunge, Dollar Soars on Fears of Italian Default

Global markets stampeded Wednesday after the bond market signaled that Europe's third-largest economy can no longer survive without a rescue.

U.S. Stocks Plummeting Over Italian Debt Crisis, Political Uncertainty

The major European bourses are down anywhere from 2.0 percent to 2.6 percent.

Eurozone Crisis: Too Bad Greece Never Had a Tea Party

Too bad Greece never had a Tea Party. If it had, it wouldn't be in the mess it's in now. It wouldn't have become the beggar of Europe, eking out a living on the kindness of strangers.

Wall St drops as Italy fuels euro zone fears

Stocks dropped more than 2 percent in early trading on Wednesday as a spike in Italian bond yields prompted fears the region's debt crisis was spiraling.

Italy's PM Berlusconi gestures next former justice minister Alfano after Alfano was elected as new party's national political secretary during the PDL party national congress in Rome

Italian Borrowing Costs Surge to Dangerous Levels

Portugal, Ireland and Greece all were forced to accept a rescue package once their national bonds reached that emergency yield.

Berlusconi resignation fails to convince markets

Prime Minister Silvio Berlusconi's pledge to resign after implementing economic reforms did nothing on Wednesday to staunch a perilous collapse in market confidence in Italy.

Italian Borrowing Costs Reach Breaking Point

Italian borrowing costs reached breaking point on Wednesday after Prime Minister Silvio Berlusconi's promise to resign failed to raise optimism about the country's ability to deliver on long-promised economic reforms.

Gold Prices Slip on Worsening Eurozone Debt Crisis

Gold prices slipped Wednesday as skyrocketing Italian government bond yields signaled the beginning of a possibly terminal phase in that nation's economy.

Futures Tumble on Rising Italy Worry

Stock index futures tumbled on Wednesday as a spike in Italian bond yields sparked fears the country will need a bailout, ratcheting up the region's debt crisis to another level.

Italian PM Berlusconi holds and saves a memo during a finances vote at the parliament in Rome

Italian Bond Costs Break 'Unsustainable' 7% Level; European Markets Shudder

Italian borrowing costs reached the breaking point Wednesday after Prime Minister Silvio Berlusconi's promise to resign failed to raise optimism about the country's ability to deliver on long-promised economic reforms.

Asian Markets and European Futures Rise on Berlusconi Departure

European shares looked set to follow Asian equities higher Wednesday and the euro steadied after Italian Prime Minister Silvio Berlusconi said he would resign, raising hopes the debt-ridden country would proceed with reforms that may keep Europe's debt crisis from spreading.