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Fitch cut its credit rating for Spain from AAA to AA+ U.S. personal incomes rose 0.4% in April. U.S. Consumer spending was unchanged in Apr...

Spain is trapped in a 'perverse spiral' as wage cuts deepen the crisis This can end only in two ways. Either Germany tolerates mass...

Updates Resume May 30

EU Crafts $928 Billion Show of Force to Halt Crisis (Bloomberg) -- European finance ministers put together an unprecedented loan package tha...

EU Finance Ministers Race to Ready Euro Fund Before Asia Opens Jolted into action by last week’s slide in the currency to the lowest in 14 m...

(Reuters) - U.S. nonfarm payrolls grew at the fastest pace in four years in April as private sector employers ramped up hiring, raising the ...

ECB paralysis rattles markets as debt costs hit new highs "Governor Trichet came very close to saying that the current mess is not the ...

Greek lawmakers approved the government's 30 billion euro ($40 billion) austerity bill in a vote in parliament. US equity prices whips...

The Institute of Supply Management's index of services stayed at 55.4 in April US mortgage applications rose 13% last week as buyers ru...

Euro plunges as Club Med debt fears spread Stephen Jen from BlueGold Capital, said the Greek rescue "kicks the can down the road...

U.S. factory orders rose 1.3% in March U.S. pending home sales rose 5.3% in March and up 21.1% YoY Manufacturing in China fell from 57.0 to...

The EU and IMF finally put together a Greek bailout of 110 billion Euros. Manufacturing for the Euro area rose from 56.6 to 57.6 in April ...

Buffett Says Derivatives Law May Spare Berkshire on Collateral “If for any reason the Treasury should go back and, in a more sweeping declar...

U.S. GDP rose 0.8% in Q1 and up 2.5% YoY The University of Michigan's index of consumer sentiment rose from 69.5 to 72.2 The Chicago Pu...

DJ Louisiana Parish Pres: Spill To Hit Pass-a-Loutre Nature Reserve Late Thu U.S. jobless claims fell 11,000 last week to 448,000. Brazil...

EMU domino fears as Spain downgraded, Germany drags feet on rescue Europe risks the biggest coordination failure in modern history,” said D...

The Mortgage Bankers Association's index of mortgage applications fell 2.9% last week. China's Ag Ministry said that snow in northea...

Olive Oil and Snake Oil In an e-mail to his girlfriend, he called his “Frankenstein” creation “a product of pure intellectual masturbation, ...

Maastricht madhouse fuels EMU-wide contagion from Greece If so, we will find out soon. Four professors will launch a legal challenge in ear...

The S&P/Case-Shiller index of home prices in twenty U.S. cities fell 0.9% MoM, but rose 0.6% YoY IBM is increasing its dividend payout b...

'Serious deficit' could send cocoa to record highs And even growers prepared to invest in plantations , in Ivory Coast or elsewhere...

Brain-like computing on an organic molecular layer The monolayer has intelligence; it can solve many problems on the same grid.

CHINA is expected to become a dominant force in the world animal feed market. Pork consumption has doubled in the past ten years. Compound f...

English will be the official language of the European Union: Latest news: The European Commission has just announced an agreement whereby E...

Boosted by a soon-to-expire tax break, low mortgage rates and favorable weather, sales of U.S. new homes surged 27% in March and up 23.8% Yo...

Fitch warns of debt 'shock' for Japan The Fitch Report comes two days after the IMF warned that the global banking crisis has mutate...

U.S. jobless claims fell 24,000 last week to 456,000, U.S. Producer price index rose 0.7% MoM and up 6.0% YoY U.S. Existing home sales ros...

The U.S. Mortgage Bankers Association's index of mortgage applications increased 13.6% last week. The U.S. Department of Energy said: S...

Solar Superstorm Scientists are finally beginning to properly understand a historic solar storm in 1859. One day, the storm, which was the m...

An Eruption of Reality But beyond a certain level, connectivity becomes a hazard. The longer and more complex the lines of communication and...

U.K. Consumer price index rose 3.4% India raised its interest rate from 5.00% to 5.25%. Goldman Sachs said that it earned $3.46 billion in ...

Germany warns of 'Lehman' crisis if Greece defaults An administrator of China's foreign exchange fund SAFE – the world's top...

CitiBank reports its strongest results in three years as Q1 profit surges to $4.43 billion, or 15c a share. The Conference Board's index...

SEC charges Goldman Sachs with fraud The Wall Street investment bank, which has consistently denied working against its clients, is accused ...

How an Icelandic volcano helped spark the French Revolution Then as now, there were more wide-ranging impacts. In Norway, the Netherlands, t...

U.S. jobless claims rose 24,000 last week to 484,000 -- more than expected. U.S. industrial production was up 0.1% in March and up 4.0% YoY...

U.S. Retail sales jumped 1.6% -- the largest increase since November as consumers stepped up purchases of vehicles and wide range of goods. ...

(Dow Jones)--Goldman Sachs Group Inc. (GS) Monday cut its three-month gold forecast by 8% and raised its copper price forecast by 4.6%, citi...

The Greek people are being punished for Europe's errors As I write, it appears that EU experts have agreed on a package of €20bn to €25b...

Greece Wins EU45 Billion Aid Pledge to Blunt Crisis (Bloomberg) -- European governments offered debt- plagued Greece a rescue package worth ...

Oppenheimer analyst Scott Burk said the very large crude carrier day rate was about $59,000 Friday, up from about $20,000 to $30,000 a few ...

A Nevada report said YoY revenue from gaming climbed nearly 14% in Feb. U.S. Jobless claims rose 18,000 last week to 460,000, more than exp...

The Mortgage Bankers Association's index of mortgage applications fell 11% last week. Agriculture’s rise on rumors China will soon allo...

The Institute of Supply Management said services increased from 53.0 to 55.4 in March, U.S. Pending home sales rose 8.2% MoM and up 17.3% Y...

The US economy created 162,000 jobs last month as the unemployment rate remained unchanged at 9.75% (FT) China has offered to accelerate fr...

The IMF should impose default on Greece to end the charade Real GDP has fallen by less, 12.6pc. The rest is the effect of deflation. But wh...

U.S. jobless claims fell 6,000 last week to 439,000. The ISM index of manufacturing rose from 56.5 to 59.6 in March -- stronger than expec...

ADP Employer Services said that they show a loss of 23,000 U.S. private sector jobs in March Unemployment in the EU rose from 9.5% to 9.6% ...

The Standard and Poors/Case-Shiller index of home prices in twenty cities fell 0.4% in January and down 0.7% YoY. The Conference Board's...