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The big broker-banks are preparing to lay off as much as 15 percent of their workforce as the economic slowdown continues to pound Wall Street, CNBC has learned.
Stocks ended little changed on Monday with investors unwilling to place significant bets ahead of the presidential election.
The Lightning Round is extended in this CNBC.com exclusive feature.
Stocks ended one of their worst months ever on a high note as signs of further thawing in credit markets lifted battered shares.
The Dow closed in positive territory on Thursday, buoyed by hopes that world wide interest-rate cuts will help stave off a prolonged downturn.
New York Attorney General Andrew Cuomo is demanding information about executive compensation and bonuses at nine banks that have received federal funds under TARP, the U.S. Treasury's Troubled Asset Relief Program.
Stocks bounced higher on Tuesday, with the Dow surging almost 11 percent to close back above 9,000...
Wall Street went on a bargain-hunting bonanza, with a frenzy of activity in the final hour of trading, sending shares up 10 percent.
Investors went on a late-day buying spree, scooping up shares of beaten down stocks and sending the major indexes soaring 7-8 percent.
Not all the emails I received about some Merrill Lynch financial advisors feeling "insulted"--according to a recruiting firm--were full of anger at the Merrill employees. Some were quite supportive.
Volatility reigned again on Wall Street Tuesday as jittery investors had a hard time committing to the morning's early rally -- or to the subsequent paring of gains.
As of this morning, 227 (just over 45%) of the S&P 500 companies have reported earnings. Here's a look at which companies have had the biggest surprises so far...
The weekend was extremely busy in the world of finance. Starting in South Korea, this nation cut its overnight interest rates by 75 basis points to 4.25%. Genuflecting at the altar of low rates/high liquidity, the Bank of Korea cut rates for the 2nd time this month and by the most ever in one move as the country is experiencing drastically lower growth (0.6% GDP) and a shut off of lending to smaller firms.
Stocks ended the day significantly lower but avoided a catastrophe, as an orderly selloff staved off what some thought would be a massive market capitulation.
Next week is expected to mark the start of the US economy’s entry into recession and the end of the Fed’s conventional monetary policy.
The stock market deteriorated in the final 20 minutes of trading with the Dow closing with triple digit losses.
Stocks sold off in the final hour of trading, an hour that has become known for wild, unpredictable swings, as a new government plan to juice money-market funds and some dismal corporate outlooks kept investors on edge.
Stocks retreated after a fleeting uptick as investors digested a slew of earnings and some dismal outlooks and signs of a thawing in the credit markets.
Why does the media hold a cable-television host to a higher standard than CEOs and top federal policy makers?
Stocks turned lower again after paring most of their losses amid more signs of thawing in the seized up credit markets.