Jim Cramer goes against the popular belief that black gold will have a V-shaped recovery. » Read More
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.
Steel magnate Mittal is looking to buy; Morgan Stanley is up on the quarter; Cramer calls for consolidation in the housing sector.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.
Asset manager Nuveen Investments, the industry's biggest manager of closed-end mutual funds, has agreed to a $5.75 billion buyout by an investor group led by private equity firm Madison Dearborn Partners LLC, the companies said on Wednesday.
Stock futures are laying a firm foundation for a higher opening today, as some big earnings dominate the morning headlines. Morgan Stanley stock is climbing after the firm reported a 41% increase in profit.
Stephen Roach, Morgan Stanley’s new Asia chairman, shared insights on China and the global economy on “Closing Bell.” “The world economy is certainly a fairly resilient place, in being able to withstand even a tough blow in China,” Roach told CNBC’s Maria Bartiromo. While the East Asian country exhibits “great growth on the surface,” Roach explained, but it’s “unbalanced.”
With aerospace companies likely to get a bump from the Paris Air Show and some key earnings reports on deck, there's plenty of action in the market for investors. Here are Cramer's picks.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.