The European Central Bank said on Sunday it would actively implement its controversial bond-buying programme to fight the euro zone's debt crisis, signaling it will buy Spanish and Italian government bonds to halt financial market contagion.
Tel Aviv shares closed nearly 7 percent lower on Sunday in the first response of a developed market to Standard & Poor's downgrade of the United States' credit rating that has sparked fears of another global recession.
A weekend contest at the world's largest hacking convention in Las Vegas showed one reason why big corporations seem to be such easy prey for cyber criminals: their workers are poorly trained in security.
Germany and France on Sunday reiterated their commitment to implementing the decisions of last month's emergency EU summit, in an effort to restore confidence in turbulent financial markets.
The European Central Bank will intervene decisively on markets to protect Italy and Spain from an accelerating debt crisis, a monetary source said on Sunday, indicating it would buy government bonds of the euro zone's third and fourth biggest economies.
The U.S. Chamber of Commerce, a powerful business lobby group, said on Sunday it disagreed with ratings agency Standard & Poor's decision to downgrade the U.S. credit rating but hoped it would spur Washington to act.
Standard & Poor's took the unprecedented step of downgrading the U.S. government's "AAA" sovereign credit rating Friday in a move that could send shock waves through global. The following is a press release from Standard & Poor's:
Federal Reserve Chairman Ben Bernanke, an expert on the Great Depression, once promised that the central bank would never repeat its 1937 mistake of rushing to tighten monetary policy too soon and prolonging an economic slump.
The Tea Party arrived in Washington after mid-term elections with talk of change in Washington. So far, Tea Party leaders have only been a distraction. To create change in Washington, they need to bring forth a plan and build consensus.
U.S. stocks just had a horrendous week. The S&P 500 Index dropped 92.9 points, or 7.2 percent, which was its worst performance since November, 2008.
Former Federal Reserve Chairman Alan Greenspan on Sunday downplayed the risk of a double-dip recession in the United States, saying its domestic economy was in better shape compared to its European peers.
The U.S. Navy SEALs and other troops whose helicopter was shot down by the Taliban in eastern Afghanistan Saturday had rushed to the mountainous area to help a U.S. Army Ranger unit that was under fire from insurgents, two U.S. officials said Sunday.
The downgrade (while perhaps not a total surprise) arrived somewhat unexpectedly ? and during a period when markets are already in an extremely volatile and fragile state.
Nearly two dozen members of SEAL Team 6 were among 30 American troops killed Saturday when the Taliban shot down their helicopter during an overnight operation in eastern Afghanistan.
The head of Standard & Poor's sovereign ratings, David Beers told Fox News Sunday he did not expect that much impact when global markets open on Monday due to what he called a mild deterioration in the U.S. credit standing to AA-plus from top-tier AAA.
Texas Governor Rick Perry has not yet officially announced his candidacy for president. But on Saturday in Houston, at a prayer event he organized, Perry made it clear he's already in the race to become America's next president.
Corrupt practices, nepotism, imagery and an inadequate education system responsible for lack of scientific spirit
Three large solar explosions from the Sun are threatening to cause chaos on earth, with energy from the release potentially shutting down communications systems and power grids across the world.
The European Central Bank will decide whether to buy Italian government bonds to try to stem the euro zone's debt crisis from widening in a crucial conference call on Sunday evening (one p.m. EDT), ECB sources said.
The latest attack by AntiSec hackers was targeted at the police. The hackers associated with hacker groups LulzSec and Anonymous leaked over 10GB of information from over 70 law enforcement agencies in the U.S. on Friday.
Research shows that casual and occasional smoking is on the rise among U.S. high school students. While heavy smoking is down among teens nationwide, casual smoking rates are on the rise.
South Korean policymakers on Sunday played down any likely impact on the economy following the downgrade in U.S. credit ratings and told local investors not to panic when financial markets reopen.
