Fears the crisis in Ukraine could intensify led traders to the safe havens of the Japanese yen and Swiss franc.» Read More
The major indices traded in a narrow range today, with volume on the light side. Indeed, we have gone from 3 billion share days at the NYSE to 1 billion share days in less than a week and a half. Housing and brokerage stocks were the weak links today. In brokerage, Bear Stearns and Lehman both down about 4%; Goldman Sachs out with a note over the weekend noting that "Bear Stearns will see the greatest reduction in earnings this quarter given its high concentration in mortgages."
An end to Wall Street's streak of rising profits in the third quarter is built into investorexpectations, but the top brokerages' results will still face scrutiny next month to see just how they value assets bloodied by the summer market meltdown.
An end to Wall Street's streak of rising profits in the third quarter is built into investor expectations, but the top brokerages' results will still face scrutiny next month to see just how they value assets bloodied by the summer market meltdown.
A worsening credit crunch and its broad impact on financial markets has some dealmakers predicting that leveraged buyouts are on hold for the rest of the year and perhaps well into 2008.
If the government doesn't help, the private sector still has some tricks up its sleeve. Cramer has outlined five things that the market can do that he thinks will circumvent a complete systemic breakdown.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
The SEC mishandled an investigation of suspicious hedge fund trading that led to the 2005 firing of an SEC attorney, a U.S. Senate report says. The report from the Senate Finance and Senate Judiciary committees, released late on Friday, ends a yearlong inquiry into the dismissal of former SEC staffer Gary Aguirre.
CNBC's Bob Pisani says with all the worries over mortgage lenders, here's a CNBC 101 on how the mortgage business works, and why it is in a bit of a tizzy at the moment.
A second day of stock market advances sizzled at the open, but then faded. Some strategists are concerned that momentum could easily wane if those who bought on the rebound Monday opt to book fast profits and sell into strength.
With stocks in rally mode, it's appropriate to drill down for answers as well as take a look at some key sectors.
CNBc's Bob Pisani sees several reasons investors should be optimistic about the market. He shares what traders are telling him at midday.
Lehman Brothers denied market rumors that it is going to take a writedown related to subprime exposure. The rumor dented stock prices and spurred buying in Treasurys, traders said.
Starbucks, CNOOC, ValueClick and more...Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
U.S. billionaire Ronald Perelman has gone to Florida's highest state court to overturn an appeals court ruling that stripped him of a $1.58 billion jury award against Morgan Stanley.
U.S. fund Cerberus Capital Management is likely to sell its $474 million stake in Japan's Imperial Hotel, the Nikkei business daily reported in its evening edition on Tuesday.
Even with the July 4th holiday next week, analysts think the markets will be as jittery as ever. "The market is very nervous here," Steven Neimeth, portfolio manager at AIG SunAmerica Asset Management told CNBC.com. "Lower liquidity around the Fourth of July week could lead to greater volatility as a result of news events, whether it be the Middle East, oil or the credit markets. Any news, good or bad, is likely to have a heavy impact on the market."
People's United Financial said on Wednesday that it would buy Chittenden Corp. for $1.9 billion in cash and stock, combining one of Connecticut's largest banks with one of Vermont's largest.
Earlier this week, we told the tale of your Breaking News producer (yours truly) nearly being run over by the “Hucky Express” -- as pharmaceuticals reporter Mike Huckman raced over with breaking news. Thursday, it was the ”Faber Flyer” that nearly knocked me over -- as David Faber found out that CNBC's parent company General Electric had dropped out of any potential bids for Dow Jones. ... Also: CNBC's Charlie Gasparino scores the second scoop.
Kohlberg Kravis Roberts may soon follow Blackstone Group in launching an intitial public offering, CNBC's Charlie Gasparino reported. The buyout firm has hired Morgan Stanley and Citigroup as possible underwriters for the IPO. “They’re leaning that way,” Gasparino said. “Everybody is watching the Blackstone IPO. If this goes, you’ll see a bunch of other firms jump in.”
Morgan Stanley has raised an $8 billion real estate fund through its property arm to focus on North America, Europe, the Middle East and Asia.
Morgan Stanley’s earnings beat the street in the second quarter, and it wasn’t even close , thanks to a big jump in investment banking fees and Morgan's ability to skirt the sub prime issues that affected other Wall Street firms.