Markets Advance, VIX Drops on Greek, Eurogroup Deal
- Wall Street stocks fall as weak GDP growth spreads rate-cut gloom
- Q1 US GDP shows surprise slowing and uncomfortable inflation
- Alphabet (GOOGL) soars 16% on Q1 results beat, first-ever dividend
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil settles higher as weak U.S. economic growth offset by supply concerns
- Rubrik (RBRK) Prices Upsized 23.5M Share IPO at $32/sh
- Union Pacific beats profit estimates on stronger pricing, resumes share buyback
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Hertz Global (HTZ) misses earnings expectations as fleet costs weigh
- Teladoc (TDOC) Misses Q1 EPS by 3c, offers outlook
- After-hours movers: Alphabet, Microsoft, Snap, Intel, and more
- Midday movers: Meta, IBM, Caterpillar fall; Chipotle rises
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
Eurogroup Agrees on 4-month Extension for Greece
February 20, 2015 2:43 PM ESTThe Eurogroup agreed on 4-month extension for Greece's bailout. Athens must submit a list of proposed measures by Monday, which will then be assessed by the European Commission, the ECB and the IMF.
... MoreGreece Accord Would Extend to End of June - Bloomberg Citing Euro Area Aide
February 20, 2015 1:38 PM ESTGreece Accord Would Extend to End of June - Bloomberg Citing Euro Area Aide
... MoreUPDATE: Greek official says not informed of Eurogroup deal (FXE) (UUP)
February 20, 2015 12:37 PM EST(Updated - February 20, 2015 12:45 PM EST)
Greek official says it appears Eurogroup has reached an accord.
UPDATE - An official said Geece wasn't informed of any Eurogroup deal.
... MoreGreece's Tspiras to ask emergency EU summit if talks fail - Bloomberg (FXE) (UUP)
February 20, 2015 12:28 PM ESTGreece's Tspiras to ask emergency EU summit if talks fail, according to Bloomberg headlines, citing a Greek government official on the news.
The official said Tsipras called Tusk and may ask for the summit.
Tspiras asked for the summit to be held Sunday should Eurogroup discussions not pan out.
... MoreTusk Discussed Common Ground on Greece with Tsipras and Merkel
February 20, 2015 10:32 AM ESTDonald Tusk discussed common ground on Greece with Tsipras and Merkel, he said via twitter.
Discussed poss. common ground acceptable to all #euro countries on #Greece w/ EG President @J_Dijsselbloem, PM @atsipras & Chancellor Merkel
Donald Tusk (@eucopresident) February 20, 2015... More
UPDATE: German-Led Bloc Willing to Let Greece Leave Euro - Bloomberg Citing Scicluna
February 20, 2015 7:12 AM EST(Updated - February 20, 2015 7:17 AM EST)
Malta's finance minister, Edward Scicluna said a German led bloc of euro states are willing to let Greece leave the Euro, according to reports from Bloomberg.
"I think they've now reached a point where they will tell Greece 'if you really... More
UPDATE: Germany Rejects Greek Extension Proposal - Bloomberg
February 19, 2015 7:16 AM EST(Updated - February 19, 2015 7:24 AM EST)
Germany rejected Greece's extension proposal, according to reports from Bloomberg, citing Germany's Finance Ministry. Germany reportedly said the Greek letter does not offer a substantive solution, and was not in line with agreed Eurogroup criteria.
... MoreECB Grants Emergency Liquidity for Greek Banks - DJ
February 18, 2015 1:49 PM EST(Updated - February 18, 2015 1:56 PM EST)
The ECB approved EUR 68.3 billion in emergency liquidity for Greek banks, according to reports from DJ. The funds are approved for two weeks.
... More