Stocks were flat to slightly lower on Tuesday as tech slipped, banks fell and the economy showed that a recovery could be slow in coming. Banks again were in focus as major institutions reacted to stress test results released last week. Read and listen to what the experts had to say...
Although there are still tough spots in the economy, Michael Yoshikami, president and chief investment strategist of YCMNET Advisors, said he doesn’t believe the United States is in a long-term bear market.
Pimco's CEO Mohamed El-Erian warned that slower global growth was the new normal. What about the shorter term? Art Cashin, UBS Financial Services director of floor operations, gave CNBC his insights for this week — and the long horizon.
It's a good sign: corporations are taking advantage of the 35 percent gain in the S&P 500 from the March 9th bottom to sell an ocean of secondaries.
Stocks opened slightly higher, bouncing off a rough day Monday but moving hesitantly as an economic report showed consumer weakness continues to hamper growth.
Since this past February, when the U.S. government unveiled its salary cap for top executives at firms accepting TARP funds, experienced dealmakers have been making a mass exodus from large banks to little ones—where the bonuses are big and the losses are small.
It's true, as Lowry noted this morning, that "it's probably still too early to declare the long-awaited short-term correction has arrived." But technicians will be watching internals very careful in the next couple days for a bigger pullback on an increase in volume.
For months we've all heard the warnings. If GM and Chrysler go bankrupt it will trigger a host of other bankruptcies from suppliers to dealers.
Stocks are poised for a rebound at the start Tuesday, with investors dipping back into stock index futures following Monday's sharp declines.
Stocks shed 1.8 percent Monday as investors took a breather after last week's run. The Nasdaq's drop was less severe as techs gained.
Stocks retreated on Monday as investors took a breather after last week's 4.4 percent rally. After a better-than-expected payrolls report on Friday, a survey out Sunday suggested the U.S. economy will resume growing in the third quarter. Still, experts said be wary of the recent rally. Read and listen to what they had to say...
The Dow is dropping Monday morning. Why the "sour note"? Art Cashin, UBS Financial Services floor manager, offered CNBC his stock market insights.
Stocks retreated Monday as investors took a breather after last week's run. The Dow was down over 100 points in the first few minutes of trading as banks declined.
Following last week's gains, stock index futures indicated a lower open for the stocks Monday as investors remained concerned about the health of the financial system as the stress-test hype wears off.
In the coming week, investors will have plenty of data to mull over, but none as pivotal as Friday's better-than-expected April jobs report. Retail sales data Wednesday should provide a good look at how the economy is faring, as will weekly jobless claims and inventory data.
We have noted how hedge funds who were short financials going into April got blown out at the end of the month when neither earnings nor the stress test caused a selloff in banks.
Published reports that Cerberus Capital Management is leading the charge for more governments funds to bail out GMAC are completely wrong, a source tells CNBC.
The fact Toyota posted it's first annual loss in 75 years is not surprising- almost every auto maker lost money this year. The fact this company lost $6.9 Billion in the quarter ending this March is staggering, but not so out of line that people are shocked. What is surprising is Toyota CEO Katsuaki Watanabe telling reporters in Tokyo his company was "lacking in the scope and speed of dealing with various issues."
Unsatisfied with the auto industry, many companies have have their traded auto-related business for a niche in wind-power.
The latest overall job loss numbers showed a loss of 539,000 jobs in March and the unemployment rate climbed to 8.9%. The March numbers were revised to a loss of 699,000. Here is a breakdown of where the job losses were as well as which sectors were adding jobs.