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Greece’s political turmoil entered its fourth day, with coalition talks deadlocked, raising the possibility that another election will have to be held as early as next month. Evangelos Venizelos, the socialist Pasok leader and former finance minister, is trying to form a government after receiving a three-day mandate from President Karolos Papoulias today. Pasok yesterday [...]

U.S. stocks were little changed, a day after the Standard & Poor’s 500 Index rallied to a seven- month high, as investors weighed an agreement by Greek political leaders on measures needed to secure rescue funds. Visa Inc. (V), the biggest payments network, climbed 5.4 percent as profit soared 16 percent. Akamai Technologies Inc. (AKAM), [...]

Federal Reserve Chairman Ben Bernanke on Tuesday renewed a pledge to prevent Europe’s financial crisis from damaging the U.S. economy in testimony before Congress that mirrored remarks he made last week. “We are in frequent contact with European authorities, and we will continue to monitor the situation closely and take every available step to protect [...]

European (SXXP) stocks dropped, with the Stoxx Europe 600 Index trimming a six-month high, as Greece struggled to reach a deal with its international creditors. U.S. index futures fell, while Asian shares rose. Societe Generale SA, France’s second-biggest lender, and Credit Agricole SA (ACA) lost more than 3.5 percent. Vedanta Resources Plc (VED) slipped 3.2 [...]

Greek Prime Minister Lucas Papademos struck a tentative deal with political parties on austerity measures demanded by international creditors as European leaders maintained pressure to complete terms for a 130 billion-euro ($171 billion) rescue package. Chiefs of the three parties supporting Papademos’s interim government were due to meet with the premier at about midday to [...]

It was good times at the Federal Reserve five years ago: Low interest rates instituted by then-Fed Chief Alan Greenspan had housing prices booming, the stock market was rising and Fed members were—literally—laughing their way to the…well, central bank. History shows they may have been laughing a bit too hard. In what may be the [...]

On the official second day of the World Economic Forum here in Davos, I have just interviewed Baudouin Prot, the chairman of BNP Paribas, the huge French bank which is seen as one of Europe’s stronger banks. He had two or three pretty interesting claims to make – though I should say at the outset [...]

As the Federal Open Market Committee begins its two-day January meeting Tuesday, its members have carved out opposing positions on everything from the economic outlook to the benefits and dangers of its unparalleled easy interest policies.

The private sector added 110,000 jobs in October, a bit better than expected but still indicative that the labor market is showing little improvement. Coupled with a report showing that planned layoffs at U.S. firms dropped in October after hitting a more than two-year high the month before, unemployment is showing only grudging signs of [...]