Economists may teach that low prices and declining demand encourage producers to decrease supply, but the iron ore industry may have skipped class that day.» Read More
Earlier this week, we wrote about the highest yielding stocks on the Dow. The S&P 500 also has some nice yielding stocks. If you are worried about the financials being able to continue to pay thier big dividends (with Freddie Mac's big slide, its yield is now over 20%!), there are nearly 40 stocks on the S&P that are currently yielding 5% or more. Here's a breakdown.
After hours Tuesday Goldman Sachs slashed its earnings outlooks for some of its major rivals however it's the Lehman downgrade that has the traders most concerned.
On a day when financials are again weak, Richard Bove at Ladenburg Thalman provided his clients with a long (70 pages!) note outlining the problem with the banking industry.
The growth of the Producer Price Index is now at levels not seen since 1981. Here is a breakdown of the inflation benchmark to show you where costs are rising most.
While second-quarter earnings may have cheered investors, the darkening outlook for the third quarter may crash the party.
Do you believe that financials, pharma and telecom can maintain through an economic downturn? If so, you might want to take a look at the Dow Industrials where some of the largest companies in the world are currently offering investors notably large dividend yields.
As of this morning, 473 (just under 95%) of the S&P 500 companies have reported earnings. Here's a look at which companies have had the biggest surprises so far...
Regional securities firms are rallying against efforts by New York State Attorney General Andrew Cuomo to have brokerage firms repay investors who purchased auction rate securities.
The Dow edged higher on Friday, as the continued drop in oil fueled stock market optimism. However the Fast Money traders have their eye on Goldman Sachs.
Wachovia plans to buy back nearly $9 billion in auction-rate debt, settling federal and state probes and making it the fifth major bank this month to agree to help stabilize the debt market.
New York Attorney General Andrew Cuomo said Friday he is sending a letter to Merrill Lynch notifying the investment bank that his office will file suit against it imminently as part of an investigation into the collapse of the auction-rate securities market.
The U.S. markets closed up Thursday -- despite higher inflation and joblessness data. Is this a bear market rally or are declining oil prices at the heart of it? Jack Bouroudjian, chairman at Capital Markets Technology, and Steen Jakobsen, global head of asset management, executive director & CIO at Saxo Bank, give their insights to CNBC.
Wall Street shook off more signs of consumer weakness and instead focused on plunging oil prices, sending stocks up as financials continued to gain.
Various state regulators and the U.S. Securities and Exchange Commission are investigating whether banks and brokerages that underwrote auction-rate securities—a $330 billion market of long-term debt whose yields reset through weekly or monthly auctions—falsely or fraudulently told clients that the securities were as safe and as liquid as cash.
Stocks closed higher, with bank shares rising broadly, though the market pulled back from its biggest gains as oil stemmed its slide.
New York Attorney General Andrew Cuomo told CNBC that his investigation into auction-rate securities sold by banks and brokerages is far from over.
JPMorgan Chase and Morgan Stanley agreed to repurchase a combined $7 billion in auction-rate securities as part of a settlement with regulators.
Some Wall Street banks and brokerages are nearing a settlement with regulators over allegations that they misled investors over the sale of auction-rate securities, CNBC has learned.
The Dow declined by triple digits on Wednesday with financial shares selling off for a second straight day on fresh concerns about the widening impact of the mortgage crisis.
A year after financial tremors first shook Wall Street, a crucial artery of modern money management remains broken. And until that conduit is fixed or replaced, borrowers will see interest rates continue to rise even as availability worsens for home mortgages, student loans, auto loans and commercial mortgages, says the New York Times.