NEW YORK, Aug 29- A year after Goldman Sachs bungled a software upgrade and lost tens of millions of dollars from unintended trades, the 12 U.S. stock options exchanges have crafted new rules for dealing with erroneous transactions, according to draft documents seen by Reuters.» Read More
“If you think the market is going to go up, then chances are tech is going to go up quite nicely as well,” Richard Windsor, global technology specialist at Nomura, told CNBC.
The banking industry will learn preliminary results of the so-called stress tests today (Friday) — but plenty of questions will remain.
Synovus Financial is plunging along with heavy options volume, a day after the regional bank holding company reported dismal quarterly earnings.
CNBC's David Faber dissected SunTrust Banks and Fifth Third Bancorp earnings — and said the regionals may take a "bigger hit" from the stress tests than the big financials will.
At Pfizer's annual shareholder meeting in Atlanta this morning, investors approved a version of "Say on Pay."
Microsoft has a tough job ahead of it today as the company prepares to report its fiscal third quarter: On the one hand, the stodgy Titanic of American enterprise is sickeningly predictable, which is good in economic times like these; but it's also bad news for investors hoping for some kind of break-out nugget of news that actually ignites these shares again.
Alan Gayle plans to ride the technology bandwagon back to prosperity. "I know tech has a reputation for being a highly volatile sector, and very speculative, but they have the strong balance sheets, they have the good cash flow, they have a very resilient business model," RidgeWorth Capital Management's senior investment strategist told CNBC.
Art Cashin, UBS Financial Services director of floor operations, offered CNBC his take on what traders are watching Thursday — and his predictions for the stock market in coming days.
Alpha Natural Resources is scorching with options action while its stock pops Wednesday, on the latest bump in a roller-coaster ride that began several months ago.
Morgan Stanley posted a first-quarter loss that was much wider than analysts expected; it also slashed its dividend. But CNBC's David Faber reports that there's more to the story than what's on the surface.
At General Electric's shareholder meeting Wednesday, chairman and chief executive Jeffrey Immelt responded to shareholder concerns — and anger — about dividend cuts and the conglomerate's stock price.
Brent Wilsey of Wilsey Asset Management has some suggestions for investing in environmentally-conscious companies. "If you do your homework here, you can find green companies that will actually put some green in your pocket down the road."
McDonald’s has been on our “buy” list for more than five years, said David Palmer, senior restaurant analyst at UBS.
Sean O'Hara is bullish on America. The president of RevenueShares Investor Service is even bullish on financials — and even on the company that bought Merrill Lynch. One caveat, though: He's thinking long term.
Citigroup is holding its annual shareholder meeting Tuesday. CNBC's David Faber reported on the state of global and regional financials. (Updated.)
Why are traders flooding bearish positions on Zions Bancorp on Tuesday?
IBM will have more merger opportunities that will help improve competition, said Peter Misek, technology analyst at Canaccord Adams.
Crude oil is nose-diving Monday, but the call buyers have moved in on the drop. Specifically, one ETF...
Christian Andreach takes the broad view, and the first of his criteria is valuation. "What we're doing is looking for opportunities where a company's competitive position is being permanently advantaged," he told CNBC. "That is, we're seeing capacity exit certain industries, and that capacity isn't going to come back."
Bank of America reported that first-quarter profit nearly tripled, thanks largely to its purchase of Merrill Lynch. But the financial giant's results also contained a lot of questions that are worrying analysts Monday. CNBC's David Faber reported on these troubling questions.