*Germany's DAX share index sets new record high. *Royal Bank of Scotland falls after reporting losses. Germany's DAX set a new life-time high, the pan-European FTSEurofirst 300 and the broader STOXX 600 share indexes climbed to their highest level in more than seven years, and France's CAC touched its highest level since mid-2008.» Read More
Apple unveils their newest offerings including new MacBook Pro, maps app, Siri for iPad; the market relief over a Spain bank bailout was short-lived; NetJets expands the fleet; family median income falls to levels not seen since 1992.
Ben Bernanke underwhelms traders in his regular visit to Capitol Hill, Starbucks gets ready to roll out the K-Cups, Best Buy Chairman resigns, Barnes & Noble doesn’t like the e-book settlement.
Discussions continue as to how to recapitalize Spain’s troubled banks, Fannie Mae gets a new CEO, Sprint will soon be rolling out a pay-as-you-go iPhone, Starbucks and Coinstar strike a deal.
Goldman Sachs has laid off roughly 50 people last week, a number of whom were from the higher end of its pay scale, according to people briefed on the matter but not authorized to speak on the record, rattling sentiment with the firm. The New York Times reports.
A 275 page report sheds light on what may have happened in the last days of MF Global, airlines consider more fees, Starbucks spends $100 million on bread companies, CBS Outdoor billboards business could fetch $6 billion.
Falling stock market turnover in Hong Kong and Singapore is increasing pressure on medium and small-sized brokerage firms, hurting their commissions and forcing some to cut jobs.
The Dow continues to have a choppy May, Kayak delays its IPO, U.S. Treasury yield hits record low, TiVO goes into the red, Lionsgate reports a loss and Virgin Galactic gets the go ahead for a test flight.
CNBC's Mary Thompson reports the latest detail from Goldman Sachs' annual shareholder meeting.
Yra Harris, Praxis Trading, discusses which market moving activities traders will be watching ahead of the opening bell and shares his perspective on repealing the Glass-Steagall Act.
Sen. Jeff Merkley, (D-OR), provides a preview of today's hearing in Congress and discusses JPMorgan's $2 billion trading blunder, and why he thinks banks used for loans should not be in the hedge fund business.
Bart Chilton, Commodities Futures Trading Commission commissioner, weighs in on an open probe into any wrongdoing in JPMorgan's $2 billion plus trading loss.
Steve Bartlett, Financial Services Roundtable president & CEO, discusses JPMorgan's trading blunder, the Dodd-Frank Act and the impact of regulations on big banks.
While few other banks, if any, pursue the complex strategies that led to JPMorgan’s losses, many traditional lenders regularly buy and sell securities, and make bets with derivatives, as part of their core operations, the NY Times reports.
The Squawk Box crew take a look at Goldman's first quarter numbers with EPS of $3.92 vs. $3.55 est, and revenues of $9.95B vs. $9.48B. The banking giant also raises its quarterly dividend.
Dick Bove, Rochdale Research, discusses the compensation of big bank CEOs; the outlook on financials; and the possible downgrade on Morgan Stanley.
Sharpen your pencils, it's Last Call quiz time.
MF Global’s top lawyer is to tell Congress that she was unaware of a gaping shortfall in customer money until hours before the brokerage firm filed for bankruptcy on Oct. 31. The New York Times reports.
Wall Street used to be a magnet for America's best and brightest but between the economic slowdown and recent scandals like the Goldman Sachs employee that resigned via a NY Times op-ed, the industry's cachet has been tarnished.
Like shifting sands, financial markets are rapidly realigning, and that trend will be the thing to watch Thursday, when inflation data and the latest jobless claims are released.
The Fed sounded the all clear for most major U.S. banks, and its stress test results could be positive for stocks Wednesday, even though four of the 19 institutions failed.