U.S. mutual funds with heavy exposure to Puerto Rico bonds have sold off some of the cash-strapped island's debt to meet investor redemption demands.» Read More
State Street, the world's biggest institutional money manager, Tuesday posted a better-than-expected 61% jump in quarterly profit and said revenue will be stronger than initially expected this year.
Steve Ballmer on the Wall of Shame? Could Cramer do that to a longtime friend? That and more in today's Mad Mail segment.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
This week's stock rally doesn't mean the market's recent pullback is over, money managers say.
As the bulls and bears fight it out on Wall Street, analysts say investors would be wise to look for value beyond the fray.
Vulcan Materials, a maker of highway construction materials, on Monday said it agreed to buy Florida Rock Industries in a cash and stock deal worth around $4.6 billion.
Stocks are waffling on the opening and look set to open flat to lower. Traders are picking through headlines on mergers and earnings news, including weaker-than-expected results from Home Depot. Wal-Mart also reported profits this morning, and merger news is making headlines as Wall Street reviews the long awaited marriage of Sirius and XM Satellite radio, announced yesterday.