Don't bet your shirt on a repeat performance in the stock market. That's the message from some of the nation's biggest investment firms.» Read More
Merrill Lynch will decide whether it will sell its stake in BlackRock early this week, CNBC has learned. Merrill also held preliminary talks with Bloomberg about selling its 20 percent stake in the financial data and news provider.
BlackRock Vice Chairman Robert Doll says the negativity in the market has reached enough of a fevered pitch to signal a buying opportunity.
Wall Street is bracing for a big round of second-quarter earnings reports that few expect to deliver good news for the state of corporate America.
Merrill Lynch may incur $5.8 billion of writedowns in the second quarter, said Oppenheimer analyst Meredith Whitney, who also forecast a loss for the world's largest brokerage for the period.
Monday marked the last day of a dismal second quarter and first half. Here are the day's video highlights.
Merrill Lynch CEO John Thain is now seriously considering selling all or part of the firm's 49% stake in BlackRock to raise capital, CNBC has learned.
Rumors of an impending profit-warning and further writedowns sparked a selloff of Merrill Lynch shares and other financial stocks Friday.
Investment banking's so-called "trillion-dollar man" says he's undecided about whether brokerage stocks are bargains, despite their current low prices.
Merrill Lynch is growing more likely to raise additional capital, and will likely post a modest loss in the second quarter, according to an analyst at Lehman Brothers.
Lehman Brothers Holdings CEO Richard Fuld is actively listening to offers, including a possible bid by private-equity firm Blackstone for a 20% to 30% stake, CNBC has learned.
Stocks dropped sharply Wednesday as oil prices recovered from previous losses.
Merrill Lynch CEO John Thain said on Wednesday that if it raised more capital, it would consider selling its stakes in news and financial data company Bloomberg and money manager BlackRock.
Ben Steverman cautions investors not to paint financial stocks with a broad brush. He urges investment hunters to look at these "non-toxic" financial stocks.
Stocks struggled to hold gains Tuesday as bank stocks rallied but comments from Bernanke hung over the market like a cloud. Oil dropped more than $3 to settle at $131.31 a barrel.
Stocks ticked higher Tuesday as the rally started in bank stocks and then filtered into the broader market.
Blue chips tried to muster an advance Tuesday, encouraged by a rally in bank stocks, but comments from Bernanke hung over the market like a cloud.
Stocks opoened lower Tuesday after Federal Reserve Chairman Ben Bernanke said late Monday high energy prices risk increasing inflation.
The worst of the credit crunch is over, but the Federal Reserve is likely to keep interest rates on hold for a long time despite a surge in oil prices, as the U.S. economy still has to prove it is stabilizing, money manager Bob Doll said on Tuesday.
Stocks opened higher as Wall Street sought to regain its footing following Friday's dramatic oil-inspired selloff.
Fund manager BlackRock expects the global credit crisis to last another two to four years as a weakening U.S. economy triggers more write-down by banks, its chief investment officer for equities said on Monday.