The Securities and Exchange Commission has launched a broad examination of alternative mutual funds, the Wall Street Journal reported.» Read More
After good news from Goldman Sachs and Wells Fargo, should you buy the financials? Jon Fisher, portfolio manager at Fifth Third Asset Management, offered CNBC his outlook for bank stocks.
The Dow advanced Wednesday, boosted by an encouraging "beige-book" report from the Federal Reserve, a better-than-expected manufacturing report from the New York Fed and as Procter & Gamble raised its dividend. Techs remained underwater as Intel's lack of guidance rattled the sector.
Stocks opened lower Wednesday as Intel's after-hours earnings report the day before dragged down tech stocks and a warning from Wal-Mart hit the broader indexes.
Stock futures indicated a mixed open Wednesday as Intel's after-hours earnings report the day before dragged down tech stocks.
Though they unveiled it three weeks ago to resounding applause on Wall Street, the administration's plan is a Rube Goldberg machine gone awry —too clever and convoluted, rife with potential for chicanery and favoritism.
Americans may be asked to come to the aid of their banks again — this time, with the added inducement of possibly making some money for themselves, the New York Times reports.
The S&P 500 index is close to reaching the level where it is more risky to be accumulating stocks, Bob Doll, vice chairman and chief executive officer at BlackRock, told CNBC Thursday.
Up and down Wall Street, bankers and traders sharpened their pencils on Tuesday as they began the complex financial calculus of the latest bank rescue plan. Their goal: to find ways to profit from it, the New York Times reports.
On Monday, the Obama administration made another aggressive move in their attempts to spark an economic recovery.
On Monday the Treasury rolled out detailed plans to soak up $1 trillion in toxic assets -- an initiative that's widely believed to be a key element to economic recovery.
A dozen former top Countrywide executives now stand to make millions from the home mortgage mess, the New York Times reports.
Ask Keith Wirtz what makes a stock a "buy" these days, and he'll tick off a short list: "We like plays that have certain characteristics: strong balance-sheet conditions, good free cash flow experiences, and good earnings visibility on the horizon," the president and chief investment officer of Fifth Third Asset Management told CNBC.
With its plan to shore up banks that was announced on Tuesday, the Obama administration hopes to entice investors to buy troubled assets from the nation’s banks and enable them to make the loans needed to jump-start the economy.
Stocks clawed their way back from a midday rout as banks surged and investors relaxed after the Treasury Secretary nomination hearing ended.
Stocks clawed their way back after paring earlier gains amid worries about the confirmation hearing of the Treasury Secretary nominee.
Stocks opened higher Wednesday as investors hope President Barack Obama's economic team will bring clarity to the markets.
U.S. stock index futures pointed to a higher open for Wall Street Wednesday as investors hope President Barack Obama's economic team will bring clarity to the markets.
Investment management company BlackRock's latest quarterly profit came in lower than expectations Wednesday, driven down by a non-operating loss and hit by the "hostile" markets last year, the company said in a statement.
There are about a million different ideas out there on how to solve, and profit from, the housing meltdown. Here's the newest. The FDIC cut a first-of-its-kind deal to sell a portfolio of bad residential mortgages from a failed bank to a private equity group, while still maintaining an interest in those loans.
The U.S. stock market will gain between 7 percent and 12 percent in 2009, a top BlackRock executive said on Tuesday...