Jim Cramer goes against the popular belief that black gold will have a V-shaped recovery. » Read More
Stocks tumbled Friday, after an initial jump, following news that J.P. Morgan Chase and the New York Federal Reserve are jumping in to help Bear Stearns.
Bear Stearns said a cash crunch forced it to turn to the Federal Reserve for emergency funds, intensifying fears of a widening global credit crisis.
Stocks retreated Friday, after an initial jump, as news that J.P. Morgan Chase and the New York Federal Reserve are jumping in to help Bear Stearns sunk in.
Will Morgan Stanley be the next financial company on the Wall Street hot seat? Rebecca Darst of Interactive Brokers thinks that might well be the case.
U.S. stock index futures pointed to a broadly flat open for Wall Street Wednesday, following the previous session's huge rally, as investor enthusiasm at the prospect of more liquidity and looser collateral rules by the Federal Reserve started to dwindle.
Securities and Exchange Commission Chairman Christopher Cox said Tuesday that the SEC's agreement with the Commodity Futures Trading Commission brings the two regulatory bodies closer to integrating their responsibilities.
Investment Bank Lehman Brothers is laying off 5 percent of its work force across all lines of its business, CNBC has learned.
Merrill Lynch on Wednesday said it will eliminate 650 jobs as it stops making subprime mortgages through its First Franklin Financial unit.
Gold lost some of its luster today after U.S. Treasury Under Secretary David McCormick gave support to the idea of International Monetary Fund gold sales. Earlier today, the Treasury, in a turnaround, said it would support gold sales from the IMF's reserves if they are part of a package reforming the way the organization operates.
As of Friday, 441 (just under 90%) of the S&P 500 companies have reported earnings. Here's a look at which companies have had the biggest surprises so far...
unit of U.S. investment bank Morgan Stanley was named as a top bidder to buy South Korean appliance and television maker Daewoo Electronics, a leading creditor for Daewoo said on Friday.
The story is on international growth today. Marriott beat, and along with everyone else on the planet reported stronger revenues (revenue per available room, or RevPAR, in this case) internationally than domestically: up 9.2 percent vs. 6.2 percent. First quarter guidance a tad below expectations. Remember, Starwood cut its 2008 forecast a short while ago.
Will stocks get a Bernanke bounce? That's certainly what some traders are hoping for ahead of Fed Chairman Ben Bernake's testimony before the Senate Banking committee Thursday. But of course, there's always the chance his comments could bring on a Valentine's Day massacre.
Morgan Stanley said it will cut 1,000 jobs as the nation's second-largest investment bank trims its residential mortgage operations amid the continued deterioration of the mortgage markets.
Swiss bank UBS has named Jerker Johansson as head of its investment bank, ending a protracted search that followed the shock write-down of billions of dollars of assets linked to the U.S. subprime crisis.
China Investment Corporation (CIC), the Chinese sovereign wealth fund, is near a deal with private equity group JC Flowers to put about $4 billion into a new fund to invest in ailing financial institutions, the Financial Times reported.
Stocks closed lower, led by financials, after brokers downgraded several big names in the sector, including American Express.
To date 291 (just under 60%) of the S&P 500 companies have reported earnings. Here's a look at which companies have had the biggest surprises so far...
Stocks opened lower on Wall Street Monday, led by financials, after brokers downgraded several big names in the sector, including American Express.
Corporate America is pouring money into the U.S. presidential campaign at an unprecedented rate, with a torrent of donations coming from the businesses behind the subprime mortgage crisis.