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Stocks tumbled Friday, with the Dow down over 200 points, after a report showed consumer sentiment dropped to its lowest level in nearly a year. Goldman Sachs and Apple rose.
The enthusiasm of those faithful to Apple’s products is the envy of many. It was a company that many thought could do no wrong, but it is now one on the defense and for good reason. Looks like innovation sometimes runs into bumps like inadequately tested products. And now Apple is paying the price for a phone with issues.
Now that the Senate has passed President Obama’s Wall Street reform legislation, the financial industry’s representatives are combing through the legislation and trying to figure out exactly who their new regulators in Washington will be.
The S&P 500 has closed between 1095 and 1098 for three straight days, which means the market may be at a fulcrum between bears and bulls, Art Cashin, director of floor operations at UBS Financial Services said on CNBC Friday morning.
Stocks tumbled Friday, with the Dow down over 100 points, after a report showed consumer sentiment dropped to its lowest level in nearly a year. Goldman Sachs shares jumped.
With the announcement on Thursday that Goldman Sachs will pay a record $550 million to settle with the Securities and Exchange Commission on civil claims that it misled investors, analyst Dick Bove said that the company’s stock is a buy.
The 2,330 leviathan is done and will be signed by President Obama next week. The bill leaves tremendous much of the rule making up to the big three: Federal Reserve, CFTC and SEC.
Bank earnings reports are more complicated than any other sector report, simply because there are more places money can be moved, lost or taxed. Look at Bank of America, which reported earnings of $0.27, above expectations of $0.22. Here's why traders and analysts are unhappy with the report...
If the core banking franchise holds steady, the only real risk to Goldman's growth will be the cost of that expansion. Talent costs money, and hiring the best bankers could eventually weigh on Goldman's return on equity.
Here's what Ray Harrison from Harrison Financial Group is saying about why the markets seem to be positioned into a sideways trading range.
U.S. stock index futures reversed earlier loses ahead of the open Friday after Dow components Bank of America and General Electric beat estimates with their quarterly earnings.
After news of the Goldman settlement swept away a wave of uncertainties, focus on Friday will return to economic data and earnings from Citigroup, Bank of America and General Electric.
How should investors play the ups and downs in this volatile market? David Kelly, chief market strategist at JPMorgan Funds, shared his insights.
The simultaneous movement of BP and Goldman Sachs brought the Dow into positive territory during the day. A 4:45pm ET press conference from the SEC's Division of Enforcement on a major announcement has moved GS from $140 to $146. Then there's the announcement that BP has started the Well Integrity Test at 3:25pm ET...
Carlyle’s deal to buy NBTY, the vitamin company, for $3.8 billion stopped me in my tracks. NBTY has been a long-standing tug-of-war stock between the longs and shorts.
With a bad-blood, confidence-destroying battle royale going on between Team Obama and business, you would think a highly publicized White House jobs summit would have produced some kind of positive announcement that gives a nod to the business point of view.
Stocks skidded Thursday, led by financials after JPMorgan's earnings failed to impress analysts and a pair of weak manufacturing reports.
American Century Investments manages over $90 billion in assets. Maria Bartiromo spoke with Jonathan Thomas, CEO of ACI on the Closing Bell about what the individual investor is doing now.
With a mushrooming iPhone antenna problem threatening to stain Apple's spotless image, the company has decided to hold a press conference Friday. Thanks to Consumer Reports' earnest call for action, a little slip in the stock price and a bit of Top Ten mockery from David Letterman this week, Apple has arrived at the so-called fork in the road.
Stocks trimmed some of its earlier losses but remained lower Thursday, led by financials, following a pair of tepid manufacturing reports that overshadowed strong earnings results from JPMorgan.