ECONOMY & MARKETS

Troika To Review Greece's Austerity Progress

Greek shipyard workers
Representatives of the creditors that are keeping Greece economically afloat are set to arrive in Athens Tuesday to appraise Greece's slow progress in implementing austerity measures required for it to continue to receive bailout money.

US Q2 GDP, Durable Goods, Pending Home Sales: Economic Events For July 23-27

One U.S. Job Source: U.S. Manufacturing
In a fairly light week of data, Friday's first take on the U.S. second-quarter gross domestic product will be the main event. Economists expect a feeble reading of 1.4 percent. This will be the final major data point to influence participants at the July 31 - Aug.1 meeting of the policy-setting Federal Open Market Committee.
Spain

Spain's Stock Market Drops To Lowest Level In Nearly 10 Yrs

Spain's stock market plunged Monday to its lowest level in nearly 10 years on growing doubts that the nation can avoid defaulting on its massive debts without an external rescue. The government also instituted a three-month ban on short-selling all securities.
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A man looks at an electronic board displaying a fall in major market indices around the world outside a brokerage in Tokyo

Asian Markets Fall On Euro Zone Concerns

Asian markets fell Monday following the revival of the investor concerns about the deepening debt burden faced by the euro zone and worsening global economic growth.
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Spain's Borrowing Costs Soar Above 7%

Spain's cost of borrowing shot up Thursday to an unsustainably high level as it tried, and failed, to sell all of the $3.7 billion in bonds it offered to investors.

Can The Mundane Grocery Store Survive The Next Decade?

A financial disparity has emerged between popular health-conscious grocery stores and their more mundane rivals, a gap that's expected to widen as the millenial generation replaces the baby boomers as the dominant consumer consumer force.
Traders on the New York Stock Exchange floor

Strong Corporate Earnings Lift US Stock Futures

U.S. stock index futures point to a higher opening Thursday as corporate earnings reported for the second quarter exceeded expectations, indicating that business conditions are on the path of revival.
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Asian Shares Up On U.S. Earnings; Euro Steadies

Asian shares rose Thursday as strong corporate profits from U.S. bellwethers allayed fears of a slowdown in earnings while the euro steadied after being hit by reported comments from German Chancellor Angela Merkel that rekindled fears about the euro zone debt crisis.

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