That clinical trials for a cholesterol-lowering drug exceed expectations will boost the developer's stock, says CNBC's Jim Cramer.» Read More
It's hard to believe but CNBC did not exist at the time., but CNBC veterans Bill Griffeth, Sue Herera and Ron Insana, then at FNN, covered the event. Here's how they remember it.
Top market theorists, economists, authors, money managers, Wall Street executives and a key Congressman share their thoughts on what happened and what's different today.
Mark Haines and I spoke with NYSE CEO John Thain this morning about the future of the NYSE floor, what the NYSE will be buying next, and other topics: Will the NYSE buy the NYMEX? I asked Diego Perfumo, who covers global exchanges for Equity Research.
Sprint Nextel shares fell almost 4 percent Tuesday a day after the No. 3 U.S. mobile-phone service warned it would not meet 2007 financial targets and said its chief executive had stepped down.
Scott Richter, portfolio manager with Fifth Third Asset Management, oversees the Fifth Third Disciplined Large Cap Value Fund. The fund is up 8 percent year-to-date and 13 percent over the last three years. The strategist offered CNBC viewers and CNBC.com readers a few of his favorite stocks in the health care and biotechnology sector.
Coming soon — well, maybe not that soon — to a theater near you: The story of a depraved, drug-addicted stock swindler. And the story is true.
Belo said Monday it plans to spin off its newspapers -- which have been struggling to keep readers and advertising dollars -- into a new company that will operate separately from its 20 television stations.
The market rallied on Thursday, but will it last?
Fasten your seatbelt. Investors face a number of market-moving events next week, including a Federal Reserve meeting on interest rates, major bank earnings and "quadruple witching" in options and futures markets.
Hedge funds managers who won big by betting that credit markets would slump say they are not seeing reasons to change their bets, despite a stabilizing stock market.
New York Stock Exchange employees will soon find their trading floor, a series of cavernous rooms which once thronged with traders but where activity has been reduced to a murmur, reduced to about half its current size.
Stocks closed higher across the board as investors were encouraged by solid economic data and bid up technology and energy stocks. "We're very, very bullish because we think the economy is going to continue to be in a positive trajectory," said Tony Dwyer, equity market strategist at FTN Midwest Securities.
Wall Street investment strategists and money managers responding to a CNBC Trillion Dollar Snap Survey today are generally bullish on the stock market for the month of September. The survey also shows expectations for a Federal Reserve Fed Fund rate cut are much stronger today than they were just over two weeks ago.
September may traditionally be the worst month for stocks, but some market pros think now is the time to snap up some bargains.
Institutional investors still expect stocks to rise by between 5 percent and 10 percent by year end even as fears of a recession grow more prominent, according to a Citigroup client survey.
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Q2 results are confirming the foreign growth story. Look at Halliburton. Halliburton reported killer earnings today; 68% of their revenues occur outside the U.S.Same with Merck: great earnings, has 40% of sales outside the U.S.
Shares of online travel agency Orbitz Worldwide fell 3 percent in their market debut Friday from a lowered initial offering price.
The parent of the New York Stock Exchange has been accused in a $4 billion lawsuit of providing worse prices on trades executed through its electronic SuperDOT system than those handled by floor traders.
Former New York Stock Exchange chairman Richard Grasso has won a battle in his legal quest to hold onto his $187.5 million compensation package. The decision Tuesday by the New York Appellate Division in Manhattan threw out four rulings against Grasso that had been made by a lower court last year.