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.
Not all the emails I received about some Merrill Lynch financial advisors feeling "insulted"--according to a recruiting firm--were full of anger at the Merrill employees. Some were quite supportive.
Most banks getting capital injections from the Treasury surged Monday, but market pros still urge caution when putting them in your portfolio.
Traders and investment bankers might have more to worry about than dwindling bonus pools this year as mass firings on Wall Street are set to hit a record.
Stocks fell sharply Wednesday after the latest bevy of big names reporting earnings issued gloomy outlooks or missed their targets altogether. The Dow shed 514.45, or 5.7 percent, to close at 8519.21. The S&P 500 lost 6.1 percent, ending at 896.78, revisiting its Oct. 10 level.
Stocks fell sharply Wednesday after the latest bevy of big names reporting earnings issued gloomy outlooks or missed their targets altogether.