Sinopec is selling a $17.4 billion stake in its retail unit as the country reforms its sprawling state-owned enterprises. The Financial Times reports.» Read More
The euro stabilized after traders digested more information about the Greece bailout. Has the issue of contagion been put to rest? Or is there more downside?
International stocks are weaker this morning. Greece stocks are infecting Portugal and Spain (both down more than 2 percent). China's Shanghai Composite Index is down another 2 percent, to the lowest levels since October last year, as they have been tightening rules on property borrowing recently...
A top market strategist reveals two companies he thinks are likely candidates 'for inquiry' in the wake of the Goldman lawsuit.
Financials plunged on Friday as fraud charges against Goldman sent investors scrambling. How should you trade the impact? What must you know?
Investment bankers have begun to develop ways in which banks might be able to circumvent the most punitive of the new capital rules being drawn up by international regulators.
After a public-offering dry spell, this market's ramping up again.
Hospitals and drug makers, which supported the final healthcare legislation, would be clear beneficiaries, analysts say, even if the outlook for insurers was less certain, the NY Times reports.
Some Wall Streeters have found new jobs. Others have moved on to different careers. And some still haven't decided what to do with the rest of their lives.
Do gains in natural resource names mean you should place bullish bets on a commodity comeback?
February goes down in the books as an up month that has put the market back to flat for 2010. How should you be positioned for March?
Stocks closed higher on Wednesday after Ben Bernanke reassured lawmakers interest rates will remain low. How should you be positioned now?
Bank stocks jumped on Wednesday after Ben Bernanke suggested the Fed would keep rates low for an extended period of time. What's the trade?
Stocks closed broadly higher on optimism that help was on the way for Greece to deal with its heavy debt burden.
Speculation that some kind of assistance to Greece is coming (even though the Greek Prime Minister says he doesn't want any assistance). EU heads of state will be meeting in Brussels on Thursday. The big question: Will Germany endorse some kind of rescue package? Also: China buying hard assets — oil and gold.
Friday's late day reversal seems to have calmed overseas markets; European indices are plus or minus one percent for the most part, though Greek bonds are again weak. There are 3 percent to 4 percent declines in European banks. These banks have recently been dragged down by concerns of exposure to worrisome bonds issued by Greece, Spain, and Portugal.
President Barack Obama's plans to regulate and limit the size of banks is the "right direction," said Vikram Pandit, CEO of Citi, since the company has been weeding out companies that didn't fit into the company already.
President Barack Obama's plans to regulate the banking needs to be coordinated on a global level, said Josef Ackermann, CEO of Deutsche Bank.
Earlier today, the folks at Deutsche Bank removed Apple from its short-term "buy" list, and coming just a day before the company reports its first fiscal quarter, you'd think the firm was making an earnings call, that somehow Apple might miss, or that its valuation might suggest a peak, that investors ought to get out because it's no longer worthy of the list. Not so.
Corporate donations to the relief effort in Haiti now total more than $106 million according to the U.S. Chamber of Commerce, surpassing the $100 million in aid initially pledged by the U.S. government.
One week after the earthquake in Haiti, donations to the relief effort have surged past $210 million, according to the latest tally by the Chronicle of Philanthropy. That puts the pace of giving well ahead of the effort following the 2004 Asian Tsunami, but behind the $457 million raised in the week following Hurricane Katrina.