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While Europe, and especially Germany has been understandably "displeased" with having to provide billions in bailout upon bailout funding to Greece every year starting in 2010, all the more so following recent news that Greece has already spent some

Amazon.com CEO Jeff Bezos just spent $250 million purchasing The Washington Post. You may recall that Warren Buffett's Berkshire Hathaway is the largest and among the longest-tenured shareholders in the Washington Post Company, which owns the paper

The US dollar is sold off across the board. There is no particular reason, but perhaps the lack of new tapering news weighs. After we got positive US figures and a known FOMC dove showing some hawkishness yesterday, today’s lack of news is hurting

With earnings season winding down and the employment report out of the way, the U.S. stock market is likely to shift into a lower gear next week. The earnings season so far has been largely positive with more than half of the companies that have

The US Federal Reserve has launched a blistering attack on the European Central Bank, calling for quantitative easing across the board to lift the eurozone fully out of its slump. In a rare breach of central bank etiquette, a paper by the Richmond

It started moments after the release of the Federal Reserve’s latest decision on interest rates. Even though officially they announced maintaining the same policies of low rates and Quantitative Easing, it was a single word change in the official

The biggest question facing the Federal Reserve right now is when it will start slowing down its pace of asset purchases, a process known in financial circles as "tapering" or "the taper." St. Louis Fed President James Bullard said the central bank

The dollar ended Friday’s session mostly lower against its major counterparts after weaker-than-forecast U.S. jobs data dampened expectations that the Federal Reserve will start to unwind its stimulus program by the year's end. The Department of

It seems so long ago. But in 2009, many of the wealthy were stunned to find themselves in a cash crunch. Despite all the talk of cash cushions and risk management, many of the wealthy suddenly realized that they had overborrowed, overspent and

Here’s a question– if you’re in the Land of the Free, do you think those green pieces of paper in your wallet are dollars? They’re not. A US dollar was defined by the Coinage Act of 1792 as 416 grains of standard silver. No, those green pieces of

Eurozone taxpayers and the IMF are left wondering what their bailout funds have been spent on in Greece. The Hellenic Financial Stability Fund (HFSF) has spent EUR38bn (or 75% of its total) bolstering the capital of Greece's four biggest banks (and

A former trader speaks about the 'mesmerising' trading floor and the sense of competition that pervaded everything • This monologue is part of a series in which people across the financial sector speak to Joris Luyendijk about their working lives For

Those who follow the mainstream media’s “all Federal Reserve, all the time” coverage of financial news naturally conclude that Senator Chuck Schumer neatly summarized reality last year when he declared that the Federal Reserve “is the only game in

Much has been said, and even more has been written about the reasons and causes why five years after the start of the last recession, and four years after its purported end, the US economy continues to act as if it were still in the second worst

Over the past several decades, people around the world have become so brainwashed that few people really give much thought anymore to the safety of their currency. It’s not something people really understand... there’s apparently some Wizard of Oz

Lately, it's been slow in markets. These are the dog days of summer, after all. Perhaps the best visual representation of the slowdown in activity is trading volume in the Treasury market, shown in the chart at right. Treasuries took center stage in

China is the world's second largest economy. In many things, it's the biggest. In other things, it's not. Some good. Some bad. From Deutsche Bank's House View report: read more

Wall Street overwhelmingly believes President Obama will and should pick Janet Yellen to be the next chairman of the Federal Reserve, according to a survey. Preliminary results of the CNBC Fed Survey for July show 70 percent of the 40 participants

Obama: "...the economy is far stronger now than it was four and a half years ago." ...as long as one ignores the reality of the following chart... We've seen macro "Hope"and micro "Reality", but for the man in the street, it would appear from the

The dollar dropped against the yen on Friday and was trading near six-week lows against the euro as recent U.S. economic data failed to convince market participants that the Federal Reserve will soon begin to taper its stimulus program. USD/JPY hit