Bill Ackman also tells CNBC that Allergan's poison-pill defense doesn't make his takeover bid more difficult.» Read More
Washington politicians could slash the budget deficit by just tapping into the foreign profits of the top 20 American companies.
As Wall Street deals with the effects of the U.S. government shutdown, investors are also bracing for another hectic earnings season set to begin this month.
Hedge fund titan Dan Loeb wants Sotheby's to replace its CEO and add board members, including himself.
Most doubt it will happen, but banks are already gearing up for how to handle any US Treasuries tainted by missed payments.
Damage from a default would be more than bad PR—it could affect everyone from bankers to pensioners to holders of money market funds.
Five years after Lehman Brothers collapsed, families in major countries around the world are still too spooked to take chances with their money.
Washington's efforts to scare Wall Street haven't come to much so far. Stocks have been a mixed bag this week. However, bonds have barely budged.
Goldman Sachs thinks Congress's failure to strike a budget deal, and the resulting government shutdown, is nothing for markets to panic over.
Well, here we are again. For the umpteenth time in recent memory, our lawmakers are unable to compromise and do the job the people expect of them.
Stocks have come off their lows on a report that House Speaker John Boehner would not allow a debt default. Still, the markets are being undermined by a triple whammy.
Bill Ackman has restructured his bet on Herbalife, a move Carl Icahn says is "judicious."
If the shutdown is short, it's not a big deal. If it's long, then it's not priced in. That means we'll tread water until then.
Happy Thursday. We're still holding out hope for a Jobs Friday, but in the meantime plan to live in the moment.
Stocks finished broadly lower Thursday, with the Dow closing below the psychologically-important 15000 mark, after gunshots were fired outside the Capitol building and as the government shutdown dragged into a third day.
Former Minnesota Governor Jesse Ventura ripped the shutdown, citing the divisiveness as reason to start a "revolution" and abolish political parties.
Some of the names on the move ahead of the open.
The prospect of Congress failing to raise the nation’s debt limit has economists and investors exploring options the White House might have.
President Obama's best friend could be Wall Street's worst nightmare. A market crisis could be just what settles the impasse in Washington.
Check out which companies are making headlines after the bell Wednesday:
The dollar has been in a funk and is not likely to shake it until Washington resolves the budget and debt ceiling crises.
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