The debt crisis in Greece has been going on for nearly a decade, and now Greece is on the verge of its fourth bailout in seven years.
Here's a complete breakdown and timeline of the debt crisis in Greece…
Timeline of the Debt Crisis in Greece: 2007-2008Greece was hit especially hard during the global economic recession of 2007 and 2008. Before the crisis, country officials had been understating the deficit for years. Greece was burning through cash faster than anyone knew.
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When the recession hit, Greece couldn't keep hiding its deficit problem because it could no longer pay its bills.
2009: Greece's Debt Begins to SoarOct. 20: Budget deficit of Greece expected to reach approximately 12.5% of GDP. The deficit exceeds the 3% of GDP set for Eurozone member states by the Stability and Growth Pact.December: All three credit rating agencies downgrade Greece's credit rating.Once Greece announced it was understating its deficit and announced the true deficit in October 2009, the country was unable to borrow money on the open market. The announcement called into question the financial stability of Greece.
Hot China Stocks To Buy For 2019: Sina Corporation(SINA)
Advisors' Opinion:- [By Leo Sun]
During the same period, Tencent's share fell from 54.3% to 47.7%. Most of Toutiao's gains were made at Tencent's expense, since other apps from Baidu, Alibaba, and SINA (NASDAQ: SINA) didn't experience major year-over-year shifts.
- [By Leo Sun]
Shares of Weibo (NASDAQ:WB) and its parent SINA (NASDAQ:SINA) tumbled 14% and 10%, respectively, after posting their first quarter results on May 9. The sell-off was surprising, since both companies easily beat analyst expectations.
- [By Garrett Baldwin]
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Stocks to Watch Today: TGT, CRM, FB This morning, shares of Target Corp. (NYSE: TGT) popped nearly 6% after a strong Q4 earnings report. The company reported earnings per share of $1.53 on total revenue of $22.98 billion. Wall Street expected $1.52 per share on sales of $22.91 billion. The firm reported very strong online sales (up 25%) and a 5.3% jump in same-store sales. Analysts had expected a 4.5% increase in same-store sales. The report is the latest sign that Target has emerged as a formidable competitor to Amazon.com Inc. (NASDAQ: AMZN) and Walmart Inc. (NYSE: WMT). Facebook Inc. (NASDAQ: FB) is under fire again due to security concerns around its sign-in features. The company has not allowed users to opt out of the key feature that lets users look up others by phone number and e-mail address. Many people have added their phone numbers in the past thinking it would only be used for two-factor authentication and security. Critics argue this is the latest episode of Facebook compromising user information. Shares of Salesforce.com Inc. (NYSE: CRM) are in focus as the cloud computing giant plans to report earnings after the bell Tuesday. CRM stock is already up 20% so far this year. And many analysts expect the firm to report earnings per share of $0.55 on top of $3.56 billion in revenue. Yesterday, Salesforce co-CEO Marc Benioff predicted that $30 billion in annual revenue for the cloud computing giant is "right around the corner." Look for earnings reports from AeroVironment Inc. (NASDAQ: AVAV), Ambarella Inc. (NASDAQ: AMBA), Ciena Corp. (NASDAQ: CIEN), Kohl's Corp. (NYSE: KSS), Ross Stores Inc. (NASDAQ: ROST), Sina Corp. (NASDAQ: SINA), Urban Outfitters Inc. (NASDAQ: URBN), Vivint Solar Inc. (NASDAQ: VSLR), and Weibo Corp. (NYSE: WB).Follow Money Morning on Facebook, Twitter, and LinkedIn.
- [By Steve Symington]
SINA (NASDAQ:SINA) announced solid fourth-quarter 2018 results on Tuesday morning, once again highlighting the benefits of the Chinese internet technology company's burgeoning Weibo microblogging platform.
- [By Steve Symington]
You wouldn't know it by the market's knee-jerk reaction, but SINA Corp. (NASDAQ:SINA) just announced another stronger-than-expected quarter early Wednesday. Shares of the Chinese internet media company fell 10% when all was said and done today -- though it's not the first time we've seen the stock fall on positive news.
Hot China Stocks To Buy For 2019: Clean Diesel Technologies Inc.(CDTI)
Advisors' Opinion:- [By Logan Wallace]
Shares of CDTi Advanced Materials Inc (NASDAQ:CDTI) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $0.33 and last traded at $0.36, with a volume of 500 shares trading hands. The stock had previously closed at $0.36.
- [By Stephan Byrd]
Here are some of the media stories that may have impacted Accern Sentiment’s analysis:
Get Molecular Templates alerts: Trading Center: Watching the Levels for Molecular Templates, Inc. (:MTEM): Move of 0.02 Since the Open (stocknewscaller.com) Molecular Templates (MTEM) Announces Clinical Data at 2018 ASCO Meeting (streetinsider.com) Gallbladder Cancer Treatment Sales Market Size by Players, Regions, Type, Application and Forecast to 2025 (exclusivereportage.com) ATR in spotlight EnSync, Inc. (NYSE:ESNC), CDTi Advanced Materials, Inc. (NASDAQ:CDTI), Molecular Templates, Inc … (stocksnewspoint.com)MTEM has been the subject of several research analyst reports. ValuEngine lowered shares of Molecular Templates from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Zacks Investment Research raised shares of Molecular Templates from a “sell” rating to a “hold” rating in a research report on Thursday, June 7th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $5.20.
Hot China Stocks To Buy For 2019: Netease.com Inc.(NTES)
Advisors' Opinion:- [By Harsh Chauhan]
China's booming video gaming industry has turned out to be a big moneymaker for NetEase (NASDAQ:NTES) in recent years. From operating Activision's popular games such as World of Warcraft and Diablo to building a solid portfolio of self-developed mobile games, NetEase has kept its finger on the pulse of the video gaming market to clock terrific growth.
- [By Motley Fool Transcribing]
NetEase (NASDAQ:NTES) Q4 2018 Earnings Conference CallFeb. 20, 2019 8:00 p.m. ET
Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks:Operator
- [By Harsh Chauhan]
NetEase (NASDAQ:NTES) has lost its wheels in recent quarters. Massive growth of the low-margin e-commerce business, as well as a slowdown in the video gaming business, has eroded the Chinese internet giant's earnings power, and the situation was no different last quarter.
- [By Lisa Levin]
NetEase, Inc. (NASDAQ: NTES) is expected to post quarterly earnings at $2.19 per share on revenue of $2.18 billion.
China Distance Education Holdings Limited (NYSE: DL) is estimated to post earnings for its second quarter.
- [By Paul Ausick]
NetEase Inc. (NASDAQ: NTES) fell by about 9.7% Thursday to post a new 52-week low of $240.08 after closing at $266.00 on Wednesday. The 52-week high is $377.64. Volume of about 4.4 million was more than 4 times the daily average of about 1 million. The reported a profit that missed expectations last night.
Hot China Stocks To Buy For 2019: Renesola Ltd.(SOL)
Advisors' Opinion:- [By Max Byerly]
Sola Token (CURRENCY:SOL) traded up 26.7% against the US dollar during the 24 hour period ending at 22:00 PM E.T. on September 28th. One Sola Token token can currently be bought for $0.0085 or 0.00000131 BTC on popular exchanges including Tidex and OpenLedger DEX. Sola Token has a market capitalization of $0.00 and approximately $3,239.00 worth of Sola Token was traded on exchanges in the last 24 hours. During the last week, Sola Token has traded flat against the US dollar.
- [By Logan Wallace]
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- [By Joseph Griffin]
These are some of the media headlines that may have impacted Accern’s scoring:
Get ReneSola alerts: ReneSola Sells North Carolina Solar Project To Greenbacker (solarindustrymag.com) ReneSola (SOL) Rating Increased to Neutral at Roth Capital (americanbankingnews.com) ReneSola (SOL) Q1 Earnings in Line, Revenues Top Estimates (zacks.com) ReneSola’s (SOL) CEO Xianshou Li on Q1 2018 Results – Earnings Call Transcript (seekingalpha.com) ReneSola (SOL) Releases Earnings Results (americanbankingnews.com)Shares of ReneSola traded up $0.08, hitting $2.76, during trading on Friday, Marketbeat.com reports. The stock had a trading volume of 124,969 shares, compared to its average volume of 108,565. The firm has a market capitalization of $102.11 million, a PE ratio of 21.23 and a beta of 2.05. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.36. ReneSola has a 12 month low of $2.12 and a 12 month high of $3.79.
- [By Max Byerly]
Sola Token (CURRENCY:SOL) traded 17.9% lower against the dollar during the 1-day period ending at 16:00 PM E.T. on October 11th. One Sola Token token can now be bought for about $0.0054 or 0.00000087 BTC on cryptocurrency exchanges including Tidex and OpenLedger DEX. Sola Token has a total market cap of $153,306.00 and $1,856.00 worth of Sola Token was traded on exchanges in the last 24 hours. In the last seven days, Sola Token has traded down 12.2% against the dollar.
