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
Stocks retreated Tuesday, despite good news continuing from the banking sector, as investors took a breather after Monday's surge.
Markets have been performing well in the past few days in response to numerous economic data—but can we really trust that this is the bottom? Two strategists, Harry Clark of Clark Capital Management Group and Joe Clark of Financial Enhancement Group, discussed their views on CNBC.
Not a big surprise we are seeing modest profit-taking this morning. Big European banks are down mid single-digits.
US stock index futures pointed to a lower open for Wall Street Tuesday after Monday's rally, despite good news continuing from the banking sector, with fears over the health of the world economy resurfacing and investors locking in some gains after the previous session's jump.
Stocks snapped their winning streak Monday after American Express reported that credit-card deliquencies rose in February. Techs were particularly weak amid worries about tech spending.
Stocks advanced Monday as banks continued their winning streak and Federal Reserve Chairman Ben Bernanke's weekend remarks that the recession could end this year fueled some optimism. But weakness in big-name techs dragged on the Nasdaq.
Stocks opened higher Monday as banks continued their winning streak and Federal Reserve Chairman Ben Bernanke's weekend remarks that he expects the economy to start recovering next year spurred optimism.
Stock index futures indicated a higher open for Wall Street, with investors optimistic after Federal Reserve Chairman Ben Bernanke said he expected the economy to start recovering next year.
AIG, the insurance giant that received taxpayer-funded bailouts worth $173 billion and sparked a political storm with its plans to pay $165 million in bonuses, revealed the list of its counterparties.
Stocks retreated in a yo-yo session as an earlier advance in the shares of energy and big-cap technology companies dissipated. But banks held gains as investors hoped for more clarity on the government plan to firm up the financial system, with Fed Chairman Ben Beranke meeting with President Obama today.
At least two dozen US and European banks benefited from the rescue of AIG, with about $50 billion paid out to them since the Fed first gave aid to the insurance giant, the Wall Street Journal reported.
The Securities and Exchange Commission on Thursday named a former federal prosecutor as its new enforcement chief to lead the embattled agency's drive to strengthen its pursuit of financial fraud.
Kathy Lovelace lost her job and was about to lose her house, too. But then she made a seemingly simple request of the bank: Show me the original mortgage paperwork.
Stocks rallied on Thursday on hopes that the government's plan to shore up the financial system could quickly spark lending.
Futures have been holding impressive gains overnight, on top of a three-day gain, as markets are expecting news on several fronts.
Stocks jumped on Wednesday, rebounding from a two-month low, after a surprisingly healthy earnings report from IBM fueled optimism...
Nearly two years ago, on a Tuesday in February 2007, a Wall Street salesman pitched an investment that sounded almost magical. It was called Gemstone VII. A shiny amalgam of financial instruments, it promised attractive returns — with virtually no risk.
The S&P 500, Nasdaq and Dow all tumbled on Wednesday due to worries about steeper losses at banks worldwide and as U.S. retail sales data pointed to a deepening recession.
Stocks fell sharply as the decline in retail sales was double of what was expected and earnings worries escalated. The Dow and S&P logged their worst starts to the year ever.
Stocks fell sharply as the decline in retail sales was double of what was expected and earnings worries escalated.