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.
The cruel earnings season for the American worker intensified Wednesday as more companies announced layoffs.
Dan Genter, CIO at RNC Genter Capital Management, told CNBC that it is a good time for investors to put their money into the energy and financial sectors.
In a step that could accelerate a shakeout of the nation’s banks, the Treasury Department hopes to spur a new round of mergers by steering some of the money in its $250 billion rescue package to banks that are willing to buy weaker rivals, according to government officials.
The banks aren’t lending. And despite what you have heard, they probably won’t start just yet.
A management shakeup is expected at Merrill Lynch in the coming days, people close to the firm told CNBC, and changes will include the departure of Peter Kraus, head of strategy at the investment bank.