The Buzz

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  • Robin Hood tax gains traction in Europe

    Robin Hood may not have roamed Sherwood Forest for hundreds of years, but fans of his "steal from the rich, give to the poor" ethos appear to have made inroads into European tax policy.

    The European Union's executive body said Tuesday that 10 members of the 27-nation group had agreed to move forward with a Financial Transaction Tax, also known as the Robin Hood tax.

    Supporters say the controversial move will MORE

    - Oct 24, 2012 10:02 AM ET
  • Earnings stink like a big pile of trash

    This guy (and short sellers) may be enjoying the earnings garbage these days. But most investors do not love the market turmoil.

    The opinions expressed in this commentary are solely those of Paul R. La Monica. Other than Time Warner, the parent of CNNMoney, and Abbott Laboratories, La Monica does not own positions in any individual stocks.

    Investors are in an Oscar the Grouch-like mood. But unlike the fuzzy, green MORE

    - Oct 23, 2012 12:06 PM ET
  • Greece is still on ice

    Greece and its international creditors have agreed on the "core measures" of the nation's recovery plan, but discussions over the nation's latest bailout installment will continue.

    The European Union, European Central Bank and International Monetary Fund, known as the troika, said Wednesday that monitors will leave Greece after "productive discussions" over policies to restore economic competitiveness and reduce unemployment.

    But the group has yet to complete a key review of Greece's MORE

    - Oct 17, 2012 3:42 PM ET
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  • Investors 'wait and flee': $10 billion yanked from stocks

    Investors pulled nearly $10.6 billion from U.S. stock mutual funds last week. That brings the total 2012 outflow to more than $100 billion.

    Investors have been bailing out of the stock market all year, but the exodus picked up considerable speed last week.

    U.S. stock mutual funds bled nearly $10.6 billion during the week ended Oct. 3, the most since the week in August 2011 when Standard and Poor's downgraded the MORE

    - Oct 11, 2012 1:35 PM ET
  • Oil breaks $100, but don't expect QE3 boost to last

    Click the chart to track prices of oil and other commodities.

    Fresh stimulus action from the Federal Reserve drove commodity prices sharply higher Friday, but experts say don't expect the QE3-fueled boost to last long.

    Crude oil prices briefly topped $100 a barrel for the first time since early May Friday morning, as investors grew encouraged after the Fed announced a third round of quantitative easing, or QE3, saying it would buy $40 billion of MORE

    - Sep 14, 2012 2:25 PM ET
  • Coal stocks ride China's stimulus wave

    Investors who have been burned by holding onto coal stocks this year may finally be feeling the right type of heat.

    Coal stocks started heating up Friday, after China announced a $156 billion commitment for improving the country's roads, rails and other infrastructure.

    With China planning 55 new major infrastructure projects, investors are betting that those projects will rev up demand for coal, which China uses to make steel for its  bridges. MORE

    - Sep 10, 2012 1:38 PM ET
  • Spain: One in four is unemployed

    Spain suffered the highest level of joblessness in the eurozone in July, as overall unemployment in the region held steady at a record high.

    One out of every four citizens in Spain is unemployed, according to the latest statistics from Eurostat. The situation is even worse for young Spaniards. The unemployment rate for those under 25 years old is now approaching 53%.

    Spain has been dealing with high unemployment for years. The MORE

    - Aug 31, 2012 11:23 AM ET
  • Oil near $100. Thanks a lot, Fed!

    Crude oil is near $100 a barrel again, and a combination of more easing from the Fed and Iran supply fears could drive prices even higher.

    The opinions expressed in this commentary are solely those of Paul R. La Monica. Other than Time Warner, the parent of CNNMoney, and Abbott Laboratories, La Monica does not own positions in any individual stocks.

    Federal Reserve chairman Ben Bernanke may or may not MORE

    - Aug 23, 2012 12:36 PM ET
  • Spanish and Italian stocks are red hot

    Spain and Italy have been a major source of concern for global investors, but you wouldn't know it from the stock markets in those countries.

    Monday was a down day for most European markets, but stocks have been rising across the continent since European Central Bank president Mario Draghi made his now-infamous remark that the ECB will do "whatever it takes to preserve the euro" late last month.

    Since Draghi uttered those MORE

    - Aug 20, 2012 12:44 PM ET
  • Gold demand falls on weakness in China, India

    Global demand for gold sank in the second quarter as buyers in China and India slowed their purchases of the precious metal, according to a report Thursday.

    The World Gold Council said gold demand fell 7% in the second quarter from the same quarter last year.

    The drop in demand came as gold prices averaged $1,609.49 in the quarter, up 7% from the average price in the same quarter last year.

    Gold prices MORE

    - Aug 16, 2012 1:07 PM ET
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#StupidStock Move of the Day! Yes, Urban Outfitters may be finally turnings things around. But $URBN up 17%? Seems a bit excessive, no?
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