The euro turned higher in choppy trading Wednesday as traders reacted to headlines that the ECB is unlikely to take new action early next week.» Read More
U.S. producer prices rose more slowly than expected in October despite a rebound in food and energy costs, according to a report on Tuesday. Bruce Kasman, chief U.S. economist at JPMorgan, shared his view.
Cautiously optimistic comments from two British banks this morning: HSBC earnings were better than expected and the tone of the report was upbeat, with bad loans down. Barclays said it expects loan losses to peak in the first quarter of 2010.
Banking group Barclays PLC reported Tuesday a 29 percent fall in net profit for the first nine months of the year as rising provisions for bad debts outweighed a strong performance in its investment banking arm.
It's "risk on" in global markets, a trend traders say could help keep stocks heading higher for now.
The global economy still faces major hurdles on its path to recovery, such as the ballooning public deficits and weak consumer spending, and investors remain cautious until they're resolved, Barclays President Bob Diamond told CNBC.
Ahead-of-the-curve retail investors looking to play carbon as a commodity may want to bone up on the facts while they are waiting to for the nascent market to scale up.
On Wednesday, the Dow broke above the 10,000 level for the first time in a year with bulls driving stocks higher on stronger-than-expected earnings.
The G7 meeting of finance ministers, instead of an aggressive statement on the dangers of a weak dollar, opted for a mealy-mouth remark that "excess volatility and disorderly movements in FX rates have adverse implications for economic and financial stability."
On the last day of Sept. 2008, one of the wildest, scariest months in U.S. financial history, the Wall Street-Washington roller-coaster starts climbing again.
Treasury Secretary Hank Paulson and Fed Chairman Ben Bernanke head to Capitol Hill to sell the $700 billion bailout plan. Warren Buffett invests $5 billion in Goldman Sachs. WaMu talks to suitors about a takeover.
Saturday begins another weekend of little rest for Wall Street or the U.S. government. A gigantic financial rescue plan is going to Congress. Democrats seek changes to the bill — including help for homeowners and a salary cap for CEOs. If the plan is approved, the government could purchase as much as $700 billion in mortgage-related assets from U.S.-headquartered institutions.
Following are the day’s biggest winners and losers. Find out why shares of BJ’s and Anadarko popped while Adobe and Verizon dropped.
Stocks hit fresh 2009 highs on Wednesday in a broad-based rally triggered by positive economic data.
Stocks rallied for a third day Wednesday, jumping more than 1 percent, as industrial production rose for a second straight month and weakness in the dollar boosted commodity and industrial stocks.
Stocks continued to rise Wednesday, after major indexes hit new highs for the year Tuesday, as oil prices topped $71 a barrel and industrial production rose for a second straight month.
Wall Street looked set for a higher open Wednesday, after major indexes hit new highs for the year Tuesday, encouraged by Federal Reserve chairman Ben Bernanke's remarks that the US recession was probably over.
Warren Buffett tells CNBC he has no regrets about any of the decisions he made over the weekend one year ago when the financial crisis was at its worst. In a taped interview with Squawk Box's Becky Quick airing tonight, Buffett says he "looked hard" at a telephoned offer that Friday night to buy AIG's property casualty operation for around $25 billion, but decided against it. He also recalls that he was approached to do a reinsurance deal that might have helped clear the way for a Barclay's rescue of Lehman, but it didn't come together.
On Tuesday, even "good" financials start out looking pretty bad: Goldman Sachs' earnings plunge and AIG scares investors again. But volatility makes the market hard to predict.
On Monday, the weekend's turmoil starts taking its toll. Stocks fall sharply Monday on a triptych of Wall Street woe: Lehman Brothers' bankruptcy filing; Merrill Lynch's acquisition by Bank of America; and AIG's unprecedented request for short-term financing from the Federal Reserve.
In our one-hour special presentation “One Year Later: Reflections From The Street”, Maria Bartiromo sat down with four of the biggest names on Wall Street: John Mack – Chairman & CEO of Morgan Stanley, Larry Fink – Chairman & CEO of BlackRock, Robert Diamond – President of Barclays and Vikram Pandit – CEO of Citi.