Europe's largest banks cut their staff by another 3.5 percent last year» Read More
Retail landed back on the "Fast Money" team's radar after Deutsche Bank suggested 6 pair trades. Find out how they would play it.
Stocks rallied to finish higher in another volatile session Tuesday, led by industrials and materials, but investors continued to remain cautious over the euro zone debt crisis and the economy.
Even professional stock pickers are miserable. At an informal gathering of about a dozen hedge fund traders and analysts last night, trader after trader expressed frustration with the fact that the correlation between stocks has been near all-time highs—for months. This means that stock picking has been useless.
The banking sector in Europe has been largely unable to staunch the heavy selling of stocks as investors bet the euro zone debt crisis will lead to recapitalization for the region's lenders and a second collapse in bank shares in the last three years.
The “Mad Money” host reveals what’s on his radar for Tuesday.
Stocks rallied in the final hour to finish near session highs Monday, erasing their earlier losses in choppy trading, following an FT report that China was in talks with Italy to purchase its bonds.
Stocks closed firmly in the red Friday amid fears that Greece may default on its debt and following news that ECB's Juergen Stark will resign.
The pros suggest pressing a short position in the euro. Trader Steve Cortes spotted a signal that convinces him the ECB will have to take back the rate hike.
CNBC's Bob Pisani reports on the trading day from the NYSE.
European shares fell sharply on Monday amid renewed fears over the euro zone debt crisis and a warning from Deutsche Bank’s CEO on the outlook for banks.
Stocks added to losses Friday as investors were reluctant to stay long ahead of a three-day weekend. The selloff followed a disappointing jobs report that showed employment growth halted in August, amplifying concerns over the health of the recovery.
No bank likes to take a loss, especially those in Europe that already suffer from a toxic mix of thin capital, troubled financing and weak loan books. But in the case of the proposed second bailout for Greece — the one that is supposed to make private investors feel the financial pain along with taxpayers — the biggest banks in Europe are on the road now promoting the plan. The NYT reports.
Stock futures, already, down 9 points, dropped an additional 10 points as nonfarm payrolls came in at zero job gains, below expecations of a gain of 70,000. This will increase the confidence of the crowd that argues we are heading into another recession—specifically that third-quarter gross domestic product will go negative.
Futures tumbled further following a report that non-farm payrolls were unchanged in August, disappointing traders who had been estimating an increase.
Lower Manhattan was nearly destroyed in the 9/11 attacks, but 10 years later, with the help of major investment, it has seen a dramatic recovery.
We looked at 12 of the biggest Wall Street firms to see what made them decide to stay or leave. In some cases, the firms responded with a statement about how 9/11 has affected them.
Straight from the mines, rough gold goes through a highly complex process, and often travels around the world before it ever makes it to the consumer.
After a weekend of speculation about how much havoc Hurricane Irene would wreak, the nation’s financial center was largely back to normal on Monday, with resumed subway and bus service making for a better-than-expected commute, the New York Times reports.
The SPDR Gold Trust, with over $60 billion in assets, is far and away the largest gold fund.
German “bad bank” agencies holding billions of euros of Greek debt have still to decide whether to join a bond swap designed to cut Athens’ refinancing burden as part of an EU bail-out, the FT writes.