U.S. markets mounted a late-day climb Monday, leading "Fast Money" traders to believe some stocks may have reached a bottom.» Read More
As subprime lenders began toppling after record waves of homeowners defaulted on their mortgages, Merrill was left with $71 billion of eroding mortgage exotica on its books and billions in losses.
Markets are braced for more hemorrhaging in jobs, with a Friday employment report expected to record 200,00 more jobs vaporized in October. This would push the jobless rate up two-tenths of a point to 6.3 percent.
On a week where the US closed the chapter on a historic election, the markets rallied on Friday, up almost 2.5% or greater, however, all the major indices finished the week down about 4%.
Now is the time for long-term investors to jump in and build a portfolio of recognizable, brand-name companies, Robert Pavlik Chief Investment Officer Oaktree Asset Management told CNBC.
So for the past two days the short-term trade has been: fade the market in anticipation of a nonfarm payrolls report below even the loss of 200,000 jobs expected, then go for a modest rally in the middle of the day Friday.
Stocks fell sharply as a layer of uncertainty was removed with the presidential election complete, but anxiety over the economy returned to the market.
I can make excuses for the selloff, if you want: 1) the volume is light, 2) there has been no concerted wave of selling, just buyers walking away, and 3) we have had a rally for the last week and a half and can't expect to go too far.
'My estimates are 30- 70% below the Street and I think I’m still too high,' says Oppenheimer's Meredith Whitney.
Major Wall Street firms, which have already begun major layoffs, are expected to slash annual bonuses as well, CNBC has learned.
Stocks declined Wednesday as a layer of uncertainty was removed with the presidential election complete, leaving the market to return to worrying about the economy.
Senator Barack Obama is now the President-Elect of the USA and one day later, the markets are down over 3%. Is this typical?
It was back to business for Wall Street Wednesday. Stocks opened lower as the market got the certainty it craved with presidential election over and returned to the regularly scheduled program of worrying about the economy.
It was back to business for Wall Street Wednesday. U.S. stock index futures pointed to a lower open as investors worried again about the economy after Sen. Barack Obama's victory in presidential elections.
The big broker-banks are preparing to lay off as much as 15 percent of their workforce as the economic slowdown continues to pound Wall Street, CNBC has learned.
Requests for help from top U.S. corporate charities has risen sharply, but spending in 2009 by some of America's largest foundations is likely to be flat as the companies behind them weather the global financial crisis.
Here's Cramer list of names investors might want depending on who wins Tuesday's election.
More and more people are suggesting that even if you can afford your loan, you should just stop paying on it, so as to take advantage of a better interest rate that might be offered through a bailout.
These are unsettling times in the financial services industry. But times of transition can bring opportunity for job seekers who can adapt to the needs of the market.
New York Attorney General Andrew Cuomo is demanding information about executive compensation and bonuses at nine banks that have received federal funds under TARP, the U.S. Treasury's Troubled Asset Relief Program.
Cramer makes the call on viewers' favorite stocks.