Jul 11, 2012 In Spain today, the government announced new austerity measures to meet the terms of the bank bailout early this month: $80 billion worth of tax increases and pay and benefit cuts.
Heidi N. Moore
Jun 21, 2012 Yesterday, the Federal reserve refused to commit to any extreme stimulus measures for the economy-- at least just yet. That has a ripple effect on commodities like oil.
Heidi N. Moore
Jun 20, 2012 The Fed will wrap up a meeting today in Washington, and the expectation is that policymakers will launch more monetary stimulus to boost the economy.
Jun 11, 2012 European leaders agreed to bail out Spain's banks to the tune of $125 billion over the weekend. Spanish banks were hemorrhaging cash ahead of this weekend's crucial election in Greece -- that could lead to a Greek exit from the euro.
Jun 11, 2012 Wounded banks in Spain will now be able to draw up to $125 billion in money from the EU. Spanish Prime Minister Mariano Rajoy credited government reforms with limiting the scope of the financial crisis to the banking system.
Jun 11, 2012 Now that Spain has received a favorable bailout deal, will other countries in Europe expect the same?
Jun 11, 2012 Just in time for the Greek elections next weekend, the EU bailout of Spanish banks aims to send the signal that the eurozone will stand behind its biggest countries.
Jun 8, 2012 Cars are as American as apple pie, but with the rising price of oil, more Americans are opting for other oil-free means of transportation.
Jun 7, 2012 China's central bank this morning surprised global markets by cutting interest rates for the first time since 2008 in an effort to stimulate the slowing economy.