CNBC's Kate Kelly reports U.S. Attorney General Eric Holder pushed back against criticism today regarding criminal convictions of individuals for fraud committed during the financial crisis.» Read More
Few people have seen the changes on Wall Street like Peterson has through the years. When Pete spoke to Maria on the "Closing Bell" he told her the recent fallout is "the most serious, long-term crisis he’s ever seen."
In answers to questions about the deal in the days following its announcement, Lewis defended the price BofA agreed to by saying the firm viewed Merrill as a world class asset that competitors might try to swoop in and buy and so BofA needed to pay a sufficient price to lock it up.
Stocks advanced Thursday, but ended well off their earlier highs, amid weakness in techs and consumer discretionary as oil topped $73 a barrel.
Higher yields bring out the buyers. The 4.72 percent yield on the 30-year auction was a bit below some expectations (I heard estimates of around 4.8 percent) but still much higher than comparable yields of only a few weeks ago. Buying interest was strong.
Bank of America's Ken Lewis testified at a heated U.S. House committee hearing on the Merrill Lynch acquisition. Anthony Polini, bank analyst of Raymond James & Associates, said the hearing is more of a clearing of grievances...
The notion of a jobless recovery is gaining traction among those who think the economy is finally getting back on its feet—but not enough to move the stock market.
ETFs provide a low cost, tax efficient way to invest in an inflationary environment, said Manisha Thakor, personal finance expert and co-author of “On My Own Two Feet.”
Stocks remained higher Thursday but pulled back somewhat after strong demand for the latest 30-year Treasury auction.
We’re “absolutely in a bull market” and U.S. stocks will rally for another couple of years, said Laszlo Birinyi, president of Birinyi Associates. He offered CNBC his top picks now.
Foreclosure filings in May dropped 6 percent from April — but were still up 18 percent from May 2008. Meanwhile, sales at U.S. retailers rose in May and initial jobless claims fell for a fourth straight week. Art Cashin, UBS Financial Services director of floor operations, offered CNBC his market insights.
Stocks opened slightly higher Thursday after reports showed jobless claims fell last week and retail sales ticked higher in May.
Dr. Mark Monane, senior biotech analyst at Needham & Co., named some biotech stocks that look attractive.
Stocks opened slightly higher on Thursday after reports showed jobless claims fell by 24,000 last week to 601,000 and retail sales ticked higher in May. Bond yields will also be in focus today as the results of the government's 30-year Treasury auction are due out at 1pm ET. Experts weighed in on the above and more. Read and listen to what they had to say…
Maria recently spoke to Hartford Financial's chief Ramani Ayer on "Closing Bell." Her exclusive interview covered all fronts – from getting preliminary approval to receive TARP money from the government to his announced retirement at the end of the year.
Despite the somewhat encouraging set of data, futures drifted a bit lower as traders became more concerned with the move in 10-year Treasury yields, which briefly rose above 4 percent again earlier this morning.
The recent surge in the price of oil looks set to continue and could push the cost of a barrel of crude toward $78 over the next few weeks, Chris Zwermann, global strategist at Zwermann Financial, told CNBC.
Futures wavered Thursday as a quick pop after the surprise drop in jobless claims fizzled out.
The S&P 500 index could drop about 10 percent from current levels, but will still finish out 2009 around 1,000, Bob Doll, vice chairman and global chief investment officer of equities at BlackRock, told CNBC Thursday.
BJ Services had surged along with other oil service companies for much of this quarter before faltering lately, and options traders are apparently looking for more upside.
Broker-dealer Keefe, Bruyette & Woods upgraded Bank of American to "outperform" Thursday and also boosted its price target on the stock to $16.50 from $12, Reuters reported.