Bank of America Corp
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Some of the names on the move ahead of the open.
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Nearly 1.5 billion shares and $23 billion traded yesterday in CNBC's Million Dollar Portfolio Challenge. Here are the bets being made today...
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Nearly 1.8 billion shares and $27 billion traded yesterday in CNBC's Million Dollar Portfolio Challenge. Here are the bets being made today...
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Stocks fell sharply Tuesday as a warning from Goldman Sachs that banks may need to raise another $65 billion rippled through the market, offsetting any positive impact from Goldman's earnings.
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U.S. banks may need to raise $65 billion of additional capital to cope with mounting losses from a global credit crisis that will not peak until 2009, Goldman Sachs & Co analysts said on Tuesday.
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1st paragraph of story should go here
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As the world watched Tiger Woods and Rocco Mediate take it down to the wire at the US Open, the Dow was struggling with its own rivalry: Banks were trying to lead a rally, while a handful of stocks were dragging on the blue-chip index. Oil ended down at $134.34 abarrel.
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Ted Parrish, co-portfolio manager of the Henssler Equity Fund, thinks it's time to buy some out-of-favor sectors like consumer cyclicals -- and even financials.
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Stocks bounced back from an early slide as banks recovered and strength permeated techs, housing and retail stocks. The market had opened lower as oil neared $140 a barrel and after a report from the New York Federal Reserve on regional manufacturing activity showed a worse-than-expected contraction. Lehman shares rose after the firm reported a loss on target with its pre-announcement.
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To give investors an edge on their portfolios, CNBC asked the market experts for their best stock picks now.
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Nearly 1.5 billion shares and $23 billion traded Friday in CNBC's Million Dollar Portfolio Challenge. Here are the bets being made today...
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Only a year ago, Wall Street reveled in an era of superlatives: record deals, record profit, record pay. But a mere 12 months later, nearly half of the profits that major banks reaped during that age of riches have vanished, the New York Times reported.
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The Dow closed higher after retreating oil prices and a tame reading of core U.S. consumer prices eased inflation fears. What's the "Word on the Street?"
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The Mad Money host has his doubts given the continuing problems in the mortgage market.
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Nearly 1.5 billion shares and $23 billion traded Thursday in CNBC's Million Dollar Portfolio Challenge. Here are the bets being made today...
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With the tear that Talbot’s stock price has been on, I think that it is safe to say that investors like what they heard from CEO Trudy Sullivan yesterday. Still that $50 million credit facility that it secured from Japanese retailer Aeon (also TLB’s largest shareholder) is a relatively small step in what will be a big turnaround project.
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KeyCorp, which has been hitting new lows recently, cut its dividend in half and plans to raise $1.5 b in capital. The excuse here is an adverse court ruling on tax treatment, but no one is surprised, nor does anyone think they will be the last to cut dividends.
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Stocks tumbled Wednesday as oil's resurgence lit the fuse of inflation fears, pushing the Dow to a three-month low. Oil jumped about $5 a barrel, settling at $136.38. Financials were the hardest hit.
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Stocks fell sharply as oil's resurgence fanned inflation fears and a downgrade on Alcoa dragged on the Dow. Oil jumped about $6.
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Stocks opened lower as oil's resurgence fanned inflation fears and a downgrade on Alcoa dragged on the Dow. Oil jumped nearly $3, topping $134 a barrel.
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Wall Street looked set to open slightly higher on Wednesday, but the energy market could again hijack the stock market with U.S. inventory data arriving later in the morning.