Not so long ago known as the untouchable Bond King of the investment world, the Pimco founder now finds himself the subject of intense scrutiny.» Read More
With so many other factors powering the market these days, third-quarter earnings could be little more than an afterthought.
Stocks declined Wednesday as comments from Federal Reserve Chairman Ben Bernanke sent the already-rattled market to session lows.
Stocks opened lower Wednesday after a trio of dismal economic news and a profit warning from JPMorgan Chase.
Futures fell sharply Wednesday after a trio of dismal economic news and a profit warning from JPMorgan Chase.
Blackrock Vice Chairman Robert Doll, a widely followed market strategist, conceded Thursday that the U.S. stock market is crashing.
The Bond kings react to the Fed leaving the interest rate unchanged at 2 percent, while Morgan Stanley reports strong earnings numbers. Following are today's top videos:
After hours, CNBC learned that AIG has hired JP Morgan to advise on raising new capital...
Troubled insurance giant American International Group has hired JP Morgan Chase to advise on raising new capital or come up with some kind of deal that infuses the company with enough money to prevent a possible dowgrade, CNBC has learned..
BlackRock is trying to raise some $3 billion to create a second fund that will buy distressed debt that banks are trying to unload because of the credit crisis, a person with knowledge of the deal said on Wednesday.
Lehman Brothers Holdings Chief Executive Dick Fuld is running out of time not only to keep his job as CEO but have the Wall Street firm remain independent.
Negativity about the stock market is rampant, and to BlackRock Vice Chairman Bob Doll, that is a healthy sign. Doll is BlackRock's chief investment officer for global equities, and he visits plenty of financial advisers. "The mood is very thick," he said. "To the contrarian, it feels good."
Lehman Brothers Holdings Chief Executive Dick Fuld continues to work feverishly on possible transactions that will help the investment bank drum up much-needed capital and offset possibly billions in further writedowns, according to people with knowledge of the matter.
Stocks rallied Friday as a more than $4 a barrel drop in oil prices offset the drag of Fannie Mae's earnings miss. It's going to be the same story next week: Energy prices. Even if there are disappointments in CPI or Wal-Mart's earnings, investors are expected to overlook them as the drop in gas prices puts more money in consumers' pockets.
Stocks rallied Friday as a more than $4 a barrel drop in oil prices helped offset the drag of Fannie Mae's earnings miss.
Stocks rallied Friday as a more than $3 a barrel drop in oil prices helped offset the drag of Fannie Mae's earnings miss.
Stocks ticked higher Friday as a more than $2 a barrel drop in oil prices helped offset the drag of Fannie Mae's earnings miss.
The allure of distressed debt has grown so strong that Wall Street's biggest money managers are picking over their carcasses, suggesting the worst of the credit crisis may be over.
Massachusetts' $50.6 billion pension fund on Wednesday fired a Legg Mason unit run by fund manager Bill Miller and four other fund firms from managing a $1.8 billion U.S. stocks portfolio due to poor performance.
Officials at Lehman Brothers have held conversations about the possible sale of the firm's entire investment-management division, according to a people with knowledge of the matter.
Lehman Brothers Holdings is expected to follow in Merrill Lynch's footsteps and sell a lot of risky assets at a loss. But shedding the assets may create another headache for Lehman -- the need to raise large amounts of new capital, including common equity.