Developments in the two weeks since the credit event confirmed that the world's first test of using credit default swaps as protection involving sovereign debt turned out fairly well. But broader concerns abound, such as the fragile Greek economy and what could be in store for fellow euro zone members Spain and Portugal.
Check out the lineup for Camp Bisco 2012!
In three short days, Apple has sold off more three million copies of its third-generation iPad, simply called the new iPad, the company said in a statement released Monday. The new iPad features a stunning new Retina Display, which is the best screen to ever grace a tablet, the speeds of 4G LTE connectivity, an improved 5-megapixel iSight rear camera, and a bigger battery to power 10 hours of life.
Construction output in Europe fell in January, marking two months of declines fueled by Spain and Italy's troubled economies, the European Union's statistics office reported Monday.
Early bids at an auction to decide the payout due to Greek bondholders who are insured against default showed investors fear for the country's financial future even after a debt restructuring and aid packages.
Portugal will endure the second deepest recession in the eurozone in 2012-13, according to Capital Economics.
You can't blame investors for feeling a bit squeamish regarding deploying new money in the U.S. stock market these days, despite the Dow Jones Industrial Average's (DJIA) recent rise to 13,000. Where's the Dow headed in the next three months?
The euro zone may raise the combined lending power of its bailout funds to close to 700 billion euros from 500 billion in a trade-off between German opposition to committing more money and calming markets, euro zone officials said.
Greece's nearly $270 billion debt restructuring was deemed a default last week, bringing relief to creditors that had hedged their bets by buying credit default swaps. But the default declaration could send a wave of unintended consequences throughout Europe, further weakening some already-fragile economies.
Apple has confirmed that the new iPad, the third generation of its category, will launch in the U.S. and nine other countries on Friday, March 16, at 8 a.m. local time. Here are all the information on the device's pricing, availability, trade-in offers and roundup of reviews from mainstream publications.
Economist Nouriel Roubini of Roubini Global Economics thinks a euro zone breakup could occur as soon as 2013.
Eurozone finance ministers approve second bailout for Greece but demand Spain acts urgently to deal with tight deficit target.
Gold edged lower on Monday after equities reversed gains and the U.S. dollar rallied to the highest in more than a month, but some investors opted to stay on the sidelines ahead of a U.S. Federal Reserve meeting this week that could weigh on the precious metal.
Asian shares fell Monday as investors paused to assess the effect of strong U.S. jobs data, which scaled back expectations for more easing ahead of this week's Federal Reserve meeting, while concerns over China's slowdown also weighed on sentiment.
Where to watch a live stream of Sporting Lisbon Vs. Manchester City in the Europa League, plus a full match preview and prediction.
The euro area's economy shrank in the fourth quarter, raising fear that the euro bloc may already be sliding back into recession as spending, exports and manufacturing collapsed.
Wall Street's bonuses fell nearly 25 percent in 2011, a New York City fiscal watchdog estimated on Monday, a less severe drop than the industry had anticipated, though still likely to deal a blow to the economies of New York City and New York state.
One of the largest annual technical conferences, South by Southwest (SXSW), will begin Friday, March 9 and last until Sunday, March 18. Here is a full list of the SXSW 2012 music lineup for South by Southwest from March 13-18.
Despite agreeing to the new European Union fiscal stability pact, Spain has autonomously decided to defy the established deficit target. Spain will not reach the previously set deficit target of 4.4 percent of gross domestic product (GDP) and instead opts for more flexibility, setting a new target of 5.8 percent of GDP.
Barclays Plc has taken 8.2 billion euros ($10.9 billion) of the European Central Bank's (ECB) long-term refinancing operation (LTRO), which offers three-year loans to banks at a rate of 1 percent, in order to manage funding gaps in Spain and Portugal.
A new theory is gaining steam that calls into question the conventional hypothesis that humans came to America via a land bridge connecting Alaska and Siberia.
Euro zone unemployment rose in January to 10.7 percent, the highest figure since 1999, as the ranks of the jobless continued to swell in Portugal, Italy and Spain, among others, Eurostat, the statistical office of the European Union, said Thursday.