Macy's announcement that they are slashing their dividend and laying off 4 percent of their workforce cost us 60 points on the Dow, but it is not a surprising announcement.
The dollar's strength is creating problems for U.S. companies with big earnings overseas.
With European bourses down 2 to 3 percent on the first day of February, it's little wonder that European banks are again the weak link, with ING, UBS, HSBC and Barclays down 5 to 8 percent pre-open.
The Dow Jones Industrial Average won’t find a secure base until it sheds another 1,000 points, which it could do before March, but that will signal the capitulation is over, Alpesh Patel, principal from Praefinium Group, told CNBC.
Investors’ faith in the US banking system has slumped to dramatic low over the past year and fears over the lingering specter of toxic assets remains. One investor tells CNBC that China’s financial sector could offer an attractive alternative to America’s banking problems. Below is latest investment advice as seen on CNBC.
Oil prices could bounce back toward $100 a barrel as the huge decline over the past twelve months looks set to give back up to half of its fall, Robin Griffiths, technical strategist at Cazenove Capital, told CNBC.
Markets are in for more tough sledding as the calendar flips over to February and stocks close out their worst January ever with no signs of reprieve from bad economic news.
Get me out of January! The stats are just ugly: simply put, this is the worst January ever for several of the indices.
My colleague, Charlie Gasparino, reported earlier that the 'bad bank' plan is being stalled by pricing issues and that there is no weekend meeting set between the White House and CEOs. This caused stocks to drop (they have since recovered a bit) but has revived debate on the floor and trading desks about the merits of the bad bank plan.
The market has a ways to go to rebound, but imagine how much you’d lose if you miss out on the upswing.
The Street consensus was expecting a decline of 5.5 percent for the GDP, but most were anticipating the number would have a "6" handle on it, given how awful the other economic numbers had been.
Traders may be disappointed by today's declines, but there is no way they could be surprised. Not when you have companies like Black and Decker and Illinois Tool Works giving first quarter guidance well below expectations.
Bill Losey explains how much you can withdraw annually from your portfolio so that its value never decreases.
Invesco PowerShares, a well-known ETF provider, has filed to launch two actively managed funds that invest in Alt-A and prime mortgages.
Stocks are holding up well today...financials are down but off their lows...major indices down 1-1.4 percent, but also off their lows....is this a surprise?
The four-day rally in the S&P 500, the first since November, is in jeopardy today.
In a follow-up to his controversial "End of Buffett" post, short seller Doug Kass says he didn't mean to understate Buffett's remarkable investment achievements over the years. But Kass does stand by his argument that Buffett's investment strategy is "stale" and the billionaire's best days are behind him. And he's thinking about taking a trip to Omaha.
Stocks are on their longest winning streak since November, and the question is how quickly will investors decide to sell the rally.
Find out why our resident fraud attorney recommends doing a check up on your financial advisor, no matter how trustworthy they seem.
We have some special blogging in the house this week; one's an old hand at this and one's new.