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What's Going To Happen To Greek Shippers?
Thursday, July 23, 2015 - 1:16pm | 392This week, Greek Prime Minister Alexis Tsipras narrowly avoided another political meltdown after the nation's Parliament approved another set of belt-tightening measures that the nation's creditors demanded in exchange for a second installment of bailout funding. Tsipras has been able to maintain...
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Market Update: Thursday's Mid-Day Market Movers: GM Tops Projections, Morgan Stanley On Oil; SanDisk, Inotek, Flotek, Del Frisco's And More
Thursday, July 23, 2015 - 12:49pm | 879Earnings week continues to heat up the financial markets; General Motors Company (NYSE: GM) released earnings early Thursday with beneficial news. The automotive giant kept raking in SUV and pick-up sales despite the slowdown in China, as GM posted earnings that topped analyst expectations....
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Greeks Vote 'Yes' To Third Bailout, But Many Opponents Remain
Wednesday, July 15, 2015 - 8:57pm | 873The votes are in. Greece's Parliament has approved the country's third bailout deal just 10 days after fears an agreement wouldn't make it this far hit a fever pitch. But it's not all sunshine and rainbows. The VIX, a measure of expected near-term market volatility, rose hours...
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S&P Down, VIX Up As Greek Parliament Convenes
Wednesday, July 15, 2015 - 3:44pm | 216The Greek Parliament convened Wednesday night (local time) to debate and vote on the bailout package offered by Eurozone officials on Monday. If passed, it would mark the third Greek bailout since the country's economy imploded during the European financial crisis. The outcome of the vote,...
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Complications In Greece Ahead Of Parliamentary Vote
Wednesday, July 15, 2015 - 2:59pm | 1158When Eurozone officials and Greek Prime Minister Alexis Tsipras finally agreed on terms for a third bailout package for the ailing nation on Monday morning, onlookers were relieved. It seemed that global markets would finally be able to hit pause on the months of uncertainty surrounding long-...
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Wells Fargo Advisors: Retain Overweight On Europe, U.S. Still The 'Lead Dog'
Monday, July 13, 2015 - 4:20pm | 368With Greece reaching an agreement with its creditors and the markets celebrating the deal, should investors jump in the rally? Paul Christopher, chief global market strategist at Wells Fargo Advisors, a subsidiary of Wells Fargo & Co (NYSE: WFC), was on Bloomberg TV to answer that...
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Yellen To Navigate A Tricky Path In The Coming Year
Monday, July 13, 2015 - 2:07pm | 344This week, Federal Reserve Chair Janet Yellen is set to testify before the House Financial Services Committee and the Senate Banking Committee, where she will present the bank's semiannual economic outlook. Yellen may comment on everything from international issues keeping the bank from loosening...
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Why The Greece Deal In Absolute Terms Is A 'Total Mess'
Monday, July 13, 2015 - 1:08pm | 328The Greek crisis seemed to have been resolved, even though temporarily, with both the country and its creditors reaching an agreement earlier on Monday. Mohamed El-Erian, Allianz chief economic adviser, was on CNBC to weigh in on the deal. Markets Should Brace Themselves For A Messy...
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Gartman: We Were Right About Greece's 'Most Important' Fallout
Monday, July 13, 2015 - 12:27pm | 295Dennis Gartman of The Gartman Letter said that the entire Greece bailout hinged on the fact that "Germany's industries wanted/need/ and have demanded" that Greece be kept in the Eurozone in order to "keep that currency weak on balance." In particular, the euro hit multi-...
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Grexit: European Disaster Or Tech Startup?
Monday, July 13, 2015 - 10:03am | 249You've probably heard the term "Grexit" more than you wanted to in recent weeks. You're not alone. Greece and its European creditors reached a bailout agreement early Monday morning. With this deal, a Grexit -- Greece exiting from the Eurozone -- appears to be squashed. See...
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Tsipras Calls Greek Bailout A 'Growth Package'
Monday, July 13, 2015 - 8:06am | 328Greece just got its third life as Eurozone leaders offered the country another bailout agreement following a weeks-long saga. European Commission Chief Jean-Claude Juncker said unequivocally that, "There will not be a ‘Grexit.'" Greek Prime Minister Alexis Tsipras framed the...
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Greece Receives Bailout Deal: Now What?
Monday, July 13, 2015 - 7:51am | 382After all-night talks on Sunday, eurozone leaders and Greek officials were able to reach an agreement to unlock desperately needed bailout funding for Athens. However, many believe that this weekend's agreement calls for even tougher belt-tightening measures than the Greece's EU...
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Best And Worst ETFs Of The Week Amid China Whipsaw
Friday, July 10, 2015 - 4:25pm | 452This is the way the world ends Not with a bang but a whimper. — T.S. Eliot The investment world collectively held its breath this week as China’s market experienced unprecedented curbs and regulation alongside news of another proposed plan to shore up Greece. In addition, the jostling...
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U.S. Treasury Secretary Jack Lew Talks Greece, China
Friday, July 10, 2015 - 3:04pm | 494Jack Lew visited the Brookings Institution in Washington, D.C. on Wednesday in honor of the fifth anniversary of the Dodd-Frank Act. While there, he spoke about two countries scrambling to resolve domestic financial crises: Greece and China. Greece "Right now, I don't see any immediate threat to...
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Bitcoin Under Attack?
Friday, July 10, 2015 - 12:51pm | 374The recent turmoil in Greece, which has included the government institution of withdrawal limits at major banks, should have presented a major opportunity for bitcoin to gain positive media attention. With Greek citizens flocking to buy bitcoin during bank closures, the virtual currency should be...