A class action lawsuit accuses banks of conspiring to limit competition in the $320 trillion market for interest rate swaps.» Read More
If they say it, it must be so ... On Thursday Goldman Sachs said that since inventory liquidation has been so pervasive, the second half of 2009 will see stronger growth as that liquidation process is reversed...We have been feeling the same for some time.
After putting out feelers to sell its Phibro commodities business, including a brief talk with the billionaire investor Warren E. Buffett, Citigroup is considering a variety of options. Among them is a deal that would give control of the unit to Mr. Hall, the energy trader who runs Phibro, two people close to the negotiations said.
While the stock market rallied 8 percent in July, widely followed fund manager Paul Tudor Jones’ Global Fund returned just 1.04% for the month.
Goldman executives are dismissive, even defiant, when critics argue that the bank is playing a heads-we-win, tails-you-lose game with American taxpayers. And yet the questions keep coming.
New concerns about the strength of the recovery stopped the bulls in their tracks on Wednesday. How should you protect profits, now?
Stocks ended flat Tuesday as investors took a breather after Monday's blockbuster rally. Bank and airline stocks were bright spots, while investors sold tech, materials and energy. Pending-home sales jumped 3.6 percent in June, beating expectations. It was the fifth straight monthly gain and the longest such streak in six years. Read and listen to what the pros had to say...
Investors are whispering about the latest government crackdown on Wall Street. With tighter regulations imminent, what happens to profits?
Stocks ended flat Tuesday as investors took a breather after Monday's blockbuster rally.
The economy is going to show growth in the third and fourth quarters, said Tommy Williams, president of Williams Financial Advisors, and Janet Engels, director of private client research at RBC Dain Rauscher.
What’s the beef with high-frequency trading?
Stocks struggled to stay in positive territory for any length of time Tuesday as profit-taking after Monday's blockbuster rally overshadowed a fifth-straight rise in pending-home sales.
Stocks wavered Tuesday with investors nudging them only modestly higher by lunchtime. Is there still room to run or the rally done?
Stocks bounced back from a lower open Tuesday after a surprisingly sharp jump in pending-home sales.
The Obama administration's foreclosure relief plan is off to a slower-than-expected start, with some of the biggest financial firms showing poor participation rates.
Shares of Warren Buffett's Berkshire Hathaway rallied above $100,000 today (Monday) for the first time since early January.
Stocks got a quick pop at the open Monday after some strong bank earnings out of Europe and expectations that auto sales will show a boost from the "Cash for Clunkers" program. But the rally quickly fizzled.
The House moved toward passing legislation Friday to rein in salaries and bonuses for executives on Wall Street, a day after it was disclosed that nine bailed-out banks awarded million-dollar-plus bonuses to thousands of its employees.
Next to a Chinese restaurant in Burlington, Vt., lurks a quiet guardian of Wall Street — an obscure insurance company that is supposed to protect big-money investors in the event of a catastrophic failure of a major brokerage firm. A failure, for instance, like the one that brought down Lehman Brothers nearly 11 months ago. Now, after years in the shadows, the insurer, the Customer Asset Protection Company, could finally be put to the test, and questions are starting to swirl.
The recent rally in the stock market continued today, as the major indexes reached new heights for the year during intraday trading, with the Dow and S&P 500 up nearly 1 percent.
Stocks rallied Thursday, pushing the Dow to its highest level since November, but will the rally continue from this point? Douglas Roberts, founder and chief investment strategist at Channel Capital Research.com, told investors that the uptick will continue.