After receiving billions in aid from U.S. taxpayers, the nation's largest banks say they can't track exactly how they're spending the money or they simply refuse to discuss it.
The S&P 500 rose on Friday after the U.S. government said it would throw a $17.4 billion lifeline to automakers grappling with falling consumer demand.
Standard & Poor's lowered the credit ratings and outlooks for 12 major U.S. and European banks Friday, including Goldman Sachs and Bank of America, citing increasing industry risk and a deepening economic slowdown.
It may be the season to be wealthy — at least on Wall Street, where banks are awarding annual bonuses despite a growing outcry over pay, the New York Times reported.
The Dow fell for the second day on Thursday after Standard & Poor's threatened to strip General Electric of its 'AAA' credit rating and slumping oil prices crippled energy shares.
Stocks declined Thursday as worries about General Electric's credit and the fate of the auto industry weighed on the market.
U.S. stock index futures were mixed Thursday as the possibilty of global interest rates at zero increased and deals both broke down and reemerged.
Homeowners around the country are scrambling to refinance their mortgages at the lowest rates since the early 1960s.
We finished the day down, but these two guys were responsible for much of the trading session’s strength, Cramer says.
Stocks briefly popped into positive territory before resuming their descent amid waning enthusiasm for the Fed's near-zero target rate.
The Dow fell on Wednesday as investors continued to digest whether the Fed had any more ammunition left after its bold move on Tuesday...
There is an eerie stillness in the stock market. The wild price swings and huge volume that we have seen from September through the beginning of December has quietly gone away. The panic selling has gone away.
Are the technical forces powerful enough to keep the S&P 500 on its current uptrend toward 1,000? Also why isn't Apple CEO Steve Jobs making the keynote address at Macworld?
Stock markets are backsliding on "Fed fatigue" — but strategists Jim O'Shaughnessy and Jim Herrell told CNBC that certain sectors are going to be "flooded" with money in the wake of the Fed decision.
Stocks opened lower Wednesday as enthusiasm about the Federal Reserve's near-zero target rate waned and worries about how long and how deep the recession will be were reignited.
The bad news is that while refis are up 250 percent in the past 6 weeks, applications to purchase a home are up only 10 percent. Let's see if news of below-5 percent mortgages makes a difference.
U.S. stock index futures fell Wednesday, when enthusiasm about the Federal Reserve's near-zero target rate waned and worries about how long and how deep the recession will be were reignited.
In this Web Extra the Fast Money traders reveal how they're playing Morgan Stanley earnings, the threatened OPEC production cut, Nike earnings and more.
Some of the bad news Tuesday was "less worse" than many feared: Goldman Sachs reported its first quarterly loss since going public — but the $2.1 billion loss was much narrower than many had feared and Goldman shares rose as much as 11 percent. Stocks soared on the Federal Reserve rate-cut decision and options trading looks bullish on Boeing. CNBC heard from experts who predict a massive OPEC cut and more Fed moves to come.
Drugmaker Bristol-Myers Squibb became the latest big company to announce layoffs, saying it will eliminate another 10 percent of its work force through 2010.