Greece Counteracts Good News In US: Markets Wrap

Greece continued to weigh heavily on confidence Wednesday as bank customers there began sending cash out of the country or hiding it under their beds -- this despite hints from German Chancellor Angela Merkel that a "stimulus" would be forthcoming if the country stuck to its austerity commitments.

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Leader of the Left Coalition party Tsipras smiles during a meeting with Greek President Papoulias in Athens

From Politics & Policy

Greece's Syriza Leader Hits EU, Merkel, As Caretaker Gov Takes Shape

Tsipras has said he wants Greece to remain in the euro zone, but has demanded that bailout agreements be renegotiated by providing more favorable terms.

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From Companies

Facebook IPO's - Why Did Underwriters Boost Its Value?

A day before Facebook (Nasdaq: FB), the No. 1 social network holds its initial public offering, its 33 underwriters boosted the number of shares for sale by 25 percent, potentially valuing the deal as high as $19 billion.

US Housing Starts

From Economy

US April Housing Starts Rebound, But Permits Fall

U.S. builders began work on more homes than expected in April, government figures showed on Wednesday. But the data suggested that builders might also be slowing their future construction plans.

Walmart is the largest seller of food in the United States, and food accounts for more than half of the chain's annual sales

From Companies

Target, Staples, Progressive Among Earnings Reports To Watch

The earnings calendar for the week ahead will be comparatively light, but a number of bellwether companies will be reporting results.

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Elderly Greek villagerFrom Politics & Policy

Greece: Possible Expulsion From Euro Zone Would Raise Questions About ‘European’ Identity

Although Greece is considered the “cradle of Western Civilization,” the nation has had a vastly different history and trajectory from the dominant countries of Western Europe.

Should President Obama be worried about the latest poll numbers from CBS News and the New York Times?From Politics & Policy

Economy Improving, Obama Campaign Says, But Numbers Prove Otherwise

In a newly released campaign ad, President Barack Obama promises that the economy is back on the mend. The only problem is: the numbers say otherwise.

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