Asian Stocks Rise On ECB, Fed Stimulus Hopes

Asian stock markets advanced Monday on renewed hopes that policy makers in U.S. and Europe will announce further stimulus measures to spur economic growth when they hold policy meetings later this week.

US Retailers Dig Their Own Grave

The hefty $7.25 billion settlement that Visa and MasterCard have agreed to, in response to a 2005 class action lawsuit over credit card swipe fees, will disadvantage retailers further and restrict consumer spending in an economy that relies heavily on credit card use and personal expenditure.

Week Ahead: Asian Markets May Gain On Stimulus Hopes

Asian markets are expected to begin the week on upswing gains on the speculation of further stimulus measures from the central banks around the world to boost the fragile global economy. Most Asian markets ended last week on a negative note as investor confidence was weighed down by the mounting concerns over the euro zone debt crisis.

US Jobless Claims Fall To Lowest Level Since Feb

American's seeking unemployment benefits dropped by 35,000 last week, to 353,000, the Department of Labor announced Thursday, representing the biggest drop inapplications for first-time jobless benefits since February.

World's Reaction to Spanish Crisis: Screw Them!

The financial and fiscal crisis in Spain entered a new and dangerous phase Tuesday as economic, political, civic and diplomatic links appeared to quickly disintegrate in the face of panic-stricken markets.

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

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.