Oil prices at $80 per barrel are more than profitable for Saudi Arabia and allow them to squeeze their competitors, says David Joy, Chief Market Strategist at Ameriprise Financial.» Read More
Stocks opened lower on Wall Street Monday, led by financials, after brokers downgraded several big names in the sector, including American Express.
U.S. stocks opened lower Monday. Microsoft's bid for Yahoo, seen as a sign that many equities are attractively priced relative to value, inspired some investors.
Morgan Stanley is cutting about 150 jobs in London, the vast majority coming from the back office, a source familiar with the situation said on Friday.
Morgan Stanley CEO John Mack has told senior advisers that the firm will continue to make bets in the bond and stock markets despite recent subprime-related trading losses that led to a $9.4 billion writedown in the fourth quarter, CNBC has learned.
Bear Stearns, Goldman Sachs Group and Morgan Stanley said Tuesday that government investigators are seeking information from them about their subprime mortgage activities.
Investment banks Goldman Sachs and Morgan Stanley said Tuesday they had received official requests for information and had been named in law suits related to their subprime mortgage businesses.
Stocks closed higher for the second straight day on positive signs for the economy and strong earnings report.
Morgan Stanley will slash more than 1,000 jobs in the coming week, trimming costs ahead of what it expects will be a tougher business environment, a person briefed on the moves said Thursday.
Following are the day’s biggest winners and losers. Find out why shares of Circuit City (CC) and Morgan Stanley (MS) popped while Motorola (MOT) and Yahoo (YHOO) dropped.
From evaluating a bank to investing in a retailer – how do the Fast Money pro’s do it? Following are their secrets.
For much of the world, the United States is now on sale at discount prices. With credit tight, unemployment growing and worries mounting about a potential recession, American business and government leaders are courting foreign money to keep the economy growing.
Stocks slipped again today after an early rally, and the word "recession" seems to be rolling off everyone's tongue. CNBC asked market experts how investors can best weather this storm.
With the Dow down nearly 15% from its high and the S&P at a 15-month low, the seemingly inevitable bear market is creeping closer. The traders help navigate these choppy waters in the Word on the Street.
What’s the best way to trade surging volatility in this unfriendly market?
Four Wall Street firms have received subpoenas from US Senate investigators who are examining whether the firms improperly structured transactions to help hedge funds avoid dividend taxes, The Wall Street Journal reported on its website.
Merrill Lynch is expected to suffer $15 billion in losses stemming from soured mortgage investments, almost double its original estimate, prompting the firm to raise additional capital from an outside investor.
If you’re brave enough to trade against the trend you could make a lot of money. Following are the traders' high risk and high reward plays.
Citigroup and Merrill Lynch are in discussions to receive more capital from investors, primarily foreign governments, as both prepare to announce significant writedowns next week, CNBC has learned.
Danish oil and gas group DONG Energy said on Tuesday it is ready for an initial public offering (IPO) and a listing on the Copenhagen exchange.
The financial sector is expected to weigh on corporate earnings in the fourth quarter. But outside the sector, the news is upbeat.