A CNBC reporter since 1990, Bob Pisani has reported on Wall Street and the stock market from the floor of the New York Stock Exchange for more than a decade. Pisani covered the real estate market for CNBC from 1990-1995, then moved on to cover corporate management issues before moving to the New York Stock Exchange in 1997.
He was nominated twice for a "CableACE Award"—in 1993 and 1995.
In 2013, he won Third Place in the National Headliner Awards in the Business and Consumer Reporting category for his documentary on the diamond business, "The Diamond Rush."
In 2014, Bob was honored with a Recognition Award from the Market Technicians Association for "steadfast efforts to integrate technical analysis into financial decision making, journalism and reporting."
Prior to joining CNBC, Pisani co-authored "Investing in Land: How to Be a Successful Developer." He and his father taught a course in real estate development at the Wharton School of Business at the University of Pennsylvania from 1987-1992. Pisani learned the real estate business from his father, Ralph Pisani, a retired real estate developer.
Follow Bob Pisani on Twitter @BobPisani.
The bad news is that the NYSE consolidated volume — at 4.1 billion shares — was the lightest day of trading since January 6. We have had a few decent volume days over 5 billion in January, so the old lament of light volume is not entirely accurate for this month.
Rare earth proxy Molycorp was halted righted after opening for News Pending; it has resumed trading. The lockup period for its IPO is now expiring; the company is offering a mandatory convertible preferred stock offering and an offering of common stock by some stockholders. Also: Food inflation rears its head at McDonald's.
Nielsen Holdings (prospective ticker: NLSN) will try to float 71.4 m shares at $20-$22 next week. That's $1.5 billion, a rare event. How rare? Last year, there were 153 IPOs, and only one — GM's $15.8 billion IPO — was over a billion. If only the excitement level were as high as the deal value.
Why is this split happening? Because the growth in China has many concerned about more aggressive rate hikes in that country. And European economies are improving and there is a perception they are moving to deal with the debt issues, particularly in the critical country of Spain.
Believe it or not, these big Chinese companies like Alibaba, the biggest e-commerce retailer by far, have not been represented in global indices.
Square was a canary in the coal mine for "unicorns" like Snapchat, Dropbox, and Pinterest.
The company raised $243 million, 25 percent less than what they had aimed for.
The NYSE is the latest exchange to announce it will no longer accept stop orders and good-till-canceled orders, beginning in February.
Markets seem to be be moving higher and shirking off bad news no matter what, strategist Michael Farr says.
Barclays was hit by a $108.5 million fine on Thursday as it allegedly worked with super-rich clients in a way that could have facilitated financial crime.
A class action lawsuit accuses banks of conspiring to limit competition in the $320 trillion market for interest rate swaps.