U.S. stocks surged around 7 percent on Monday after the Obama administration detailed a plan to purge toxic assets from bank balance sheets...
The number of job cuts continued to soar in February 2009, reflecting the worsening US recession.
More companies announced layoffs this week as the employment picture continued to dim. JPMorgan Chase and Chesapeake Energy were among the latest names on Thursday to announce job cuts.
Traders are buying large blocks of puts in Applied Materials as the company's stock continues to slide, after it reported weak earnings early last week.
By Thursday’s close, the Dow was trading at a level not seen in more than 6 years, falling beneath its former bear market closing low set on November 20th.
Another round of layoffs was announced on Thursday, adding to the gloom over rising unemployment. Delta Air Lines and Performance Food Group were among the latest names on Wednesday to announce job cuts.
Another round of layoffs was announced on Tuesday, adding to the gloom over rising unemployment.
Another round of layoffs was announced on Thursday, adding to the gloom over rising unemployment.
Bankers will be in the hot seat Wednesday. But the markets could focus again on whether there's a credible plan in the works to rescue the banking system, after the disappointing lack of details in the plan unveiled by Treasury Secretary Timothy Geithner.
I just got finished speaking with Paul Otellini, Intel's CEO, about his company's massive expansion plans, announced earlier today, and he tells me while his news wasn't enough to turn red ink into black on Wall Street, it did bring a smile to the face of at least one person.
Tuesday is perhaps one of the most pivotal news days for the economy in months. Markets finally get to cast a vote on the Obama Administration's new bank rescue plan, the subject of much speculation for the past several weeks.
In this Web Extra, the traders talk stimulus, bank bailout and more.
This week is going to be big. How will you game the action?
In this Web Extra the traders talk bank rescue, stimulus package as well as earnings from NYSE, Molson Coors, Applied Materials and more. What's the trade?
Semiconductor stocks have been trying to break to higher levels — and options traders appear optimistic that they will succeed. Take the Semiconductor HOLDRS (SMH) ETF, for instance...
Traders were buying calls in Micron Technology for the second day in a row right after the opening bell Wednesday, following a federal court ruling in California that halted a patent infringement case brought by rival Rambus.
Options activity spiked early Tuesday for Micron Technology, which has been rallying in the face of a dismal outlook in the chip industry. This morning, right out of the gate, the MU March 4 calls lit up OptionMonster's tracking systems, as buyers jumped in to snap up more than the open interest...
Monday's rally in the Nasdaq? Yeah, that won't last.
Stocks started off February mixed as banks took a hit from worries about the so-called "bad bank" plan, while techs got a boost from anticipation that they will benefit from government spending on tech and telecom infrastructure.
Stocks started February in the red amid worries about the fate of the stimulus plan and the economy but pared their losses after a better-than-expected reading on the manufacturing sector.