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Failed bank IndyMac Bancorp is under investigation by the FBI for possible fraud involving its mortgage lending, unnamed law enforcement officials said on Wednesday.
The SEC issued its emergency ruling against naked short-selling Tuesday to build investor confidence regarding market information, SEC Chairman Christopher Cox told CNBC.
U.S. securities regulators issued an emergency rule Tuesday to limit certain types of short selling in major financial firms, including Fannie Mae and Freddie Mac.
Stocks ended a tumultuous session with a late selloff that left all three major indexes in bear-market territory. Financials fell sharply amid worries about more shoes to drop and techs took a hit after Cisco's chief said customers don't see a recovery until next year.
Stocks declined, following a two-day rally, as a report showed crude inventories shrunk last week. Oil climbed in a choppy session after falling more than $9 abarrel in the past two sessions.
Stocks declined, following a two-day rally, as a report showed crude inventories shrunk last week. Oil rebounded $1 to $2 a barrel after shedding more than $9 in the prior two sessions.
Stocks coasted to a positive finish, fueled by better-than-expected sales from General Motors, short covering and a pop in a manufacturing gauge, in what was a rollercoaster start to the first half.
It was a rocky start to the second half for Wall Street as the market digested a mixed bag of auto sales, a $2 jump in oil prices and an encouraging reading on manufacturing.
Stocks had a wobbly start to the first half as a $3 jump in oil prices and selloff in European banks rippled through the market.
Stocks plunged at the opening bell as a $3 jump in oil prices and selloff in European banks rippled through the market.
Wall Street looks set to start July just like June -- with red arrows. U.S. stock index futures pointed to a lower start after wrapping up the worst first-half of the year since the first half of 1970 on Monday.
Lehman Brothers has fought off yet another spate of rumors about its condition, the latest being the investment bank was set for a fire sale similar to the one that hit Bear Stearns.
Here's to a better second half. We could use it. You've heard the superlatives. The market has had its worst first half since 1970. Think men on the moon and bell bottoms, and GM shares trading higher than they are now. Ouch.
Stocks ended mixed Monday, capping a dismal quarter and first half marked by rocketing oil prices and battered financials. The Dow is down 14 percent since the beginning of the year and ended the first half about 20 points from bear-market territory.
The Fast Money traders reveal their best second half trades.
Stocks limped to the finish of an ugly week on Wall Street, with the Dow touching bear territory and the broader market continuing to be battered by a double dose of surging oil and a fresh round of banking troubles.
Moody's Investors Service warned it is likely to cut its credit ratings on Morgan Stanley, saying the U.S. investment bank has made expensive trading mishaps and it's unclear if it can improve its risk management.
Beleaguered Swiss bank UBS is considering the sale of Paine Webber, the heart of its U.S. wealth management business, according to sources with direct knowledge of the matter.
Is a long/short strategy suggested by the likes of Goldman Sachs Thursday the right trade in this market?
Who needs theme park thrill rides when you’ve got Wall Street. The Dow tumbled by 358 points after oil climbed to $140 for the first time ever. What's the "Word on the Street?"