On Christmas Eve, NYSE traders sing the traditional "Wait 'Till the Sun Shines, Nellie" on the trading floor with UBS' Art Cashin, and CNBC's Bob Pisani.» Read More
Rob Lutts, founder and Chief Investment Officer of Cabot Money Management, told CNBC’s “Squawk on the Street” that there are solid investment opportunities in China, India, Brazil and Russia. “The middle class [in these countries] is just evolving,” Lutts said. “Hundreds of millions of people over the next ten years are going to go from earning $500 a year to $5,000...
John E. Fitzgibbon, Jr., editor of IPOscoop.com, told CNBC’s "Power Lunch" that the recent downturn in the broad market won’t crimp the supply of strong deals. Fitzgibbon said the quality of IPOs increases during tough times, giving investors an opportunity to buy shares in top-notch companies.
The CNBC.com Million Dollar Portfolio Challenge is on. And to help mark the occasion, some heavy hitters from CNBC got to ring today's opening bell at the NYSE.
Smith Barney’s market strategist for private clients told CNBC’s “Closing Bell” that last week’s market downturn was healthy and he expects 2007 to be a strong year. “We didn’t see anything that changed our opinion,” said John Manley. “This sort of stuff has to happen from time-to-time because it clears out the tubes and re-adjusts the economy.”
NYSE Group has requested the U.S. Securities and Exchange Commission grant it relief from securities regulations that would oblige the New York Stock Exchange to route orders to certain markets, according to a public filing.
The Securities and Exchange Commission is looking into whether the New York Stock Exchange's so-called hybrid trading system has enough capacity to handle the high volume that has occured this week, according to CNBC's Charlie Gasparino.
NYSE Group's appointment of Duncan L. Niederauer as president and co-chief operating officer makes him the clear heir apparent to John Thain, according to CNBC's Gasparino.