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More companies announced layoffs this week as the employment picture continued to dim. News Corp. became the latest victim of the weakening economy, announcing it is planning on cutting jobs after reporting a quarterly loss on Thursday.
More companies announced layoffs this week as the employment picture continued to dim. GlaxoSmithKline and Tiffany & Co. on Thursday became the latest victims of the weakening economy, each cutting an undisclosed number of jobs.
Following are the day’s biggest winners and losers. Find out why shares of Visa and Caterpillar popped while Dollar Tree and Unilever dropped.
Stocks eked out a gain after a rough morning as banks got a boost from market chatter that the government may suspend a controversial accounting rule blamed for much of the contagion in the financial industry.
Caterpillar is seeing heavy options activity as its stock trades moderately higher Wednesday. Calls outnumber puts by a 3-1 ratio and are concentrated at the February 33 strike, where contracts were bought for $0.77, $0.80, and $0.81. Some May 40 calls also traded for $0.88, according to OptionMonster's real-time tracking systems.
More companies announced layoffs this week as the employment picture continued to dim. Clorox, Time Warner Cable and Fidelity National Financial were among the latest names on Wednesday to announce job cuts.
All right, before you fire off an e-mail to me and tell me to "get a clue" because tens of thousands of people did buy a new car or truck last month, take a deep breath. Exhale.
Another day, another round of corporate layoffs. Liz Claiborne and PNC Financial Services became the latest companies to announce job cuts on Tuesday
One month into the year, the average dividend yield of the Dow 30 has gone up a bit since 2009 began, but is still down from where it was at the end of November. See how the 30 companies in the Dow compare.
This sector's taken a bit hit lately. But if Washington smiles on this alternative fuel, at least one stock might do well.
A major US retailer announced job cuts Monday amid worries about the fate of the stimulus plan, while a big Wall Street firm has further job cuts in store, according to reports.
A major US retailer announced job cuts Monday amid worries about the fate of the stimulus plan and the economy.
While investors hoped that a new year would bring better results, a plethora of downbeat earnings reports, poor corporate outlooks, gloomy economic data, and heightened concerns over the health of many large financial firms plagued the markets in January.
"People have learned that if you don't take a profit, it goes away," says one market pro. "Even somebody who's really biased towards buy-and-hold is giving up."
Companies are cutting jobs by the tens of thousands. State and local governments are penny-pinching, too. So what about Uncle Sam?
Following are the day's biggest winners and losers. Find out why shares of Wells Fargo and General Dynamics popped while Caterpillar and Pfizer dropped.
Stocks declined as uncertainty about the government's so-called "bad bank" plan rattled the market.
"As goes January, so goes the year" is a common adage on the street. If that is the case, we are in for a tough rest of the year for the markets.
On a week dominated by earnings, the economic stimulus plan and discussions over a government-run "bad bank," the major US markets were flat to negative on the week. The Dow and S&P 500 marked their worst January on record, each dropping over 8% for the month.
Stocks retreated after an early pop from a better-than-expected GDP report as anxiety over the foggy forecast got the best of the market.