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.
Charles E. F. Millard, head of the Pension Benefit Guaranty Corporation, is under investigation for inappropriate contacts with Wall Street firms seeking to obtain lucrative contracts.
Private equity firm Kohlberg Kravis Roberts, which operates KKR Financial Holdings, is preparing for an initial public offering of discount retailer Dollar General, according to the Wall Street Journal, which cited people familiar with the matter.
Wonder why your returns don’t look like the pros? Turns out they may have an unfair advantage.
With stocks up 11 percent since Alcoa kicked off earnings three weeks ago, investors now will be turning their gaze elsewhere to see whether the rally is for real.
The conspiracy theorists are out in force today: lots of "I told you so!" going on today as traders point to a front page story in the WSJ which says that the Commodity Futures Trading Commission (CFTC) will issue a report blaming wild swings in oil prices on speculators.
Warren Buffett's Berkshire Hathaway has rallied to a 6-month closing high, with help from the overall stock market's gains. Today's 1.9 percent gain puts Berkshire's Class A shares at $95,300 each. That's just above their May 8 closing high of $95,295 and the best finish since January 13. Berkshire is up 5.3 percent on the week.
The session ended Friday with mixed results. The Dow and the S&P 500 closed slightly higher however the Nasdaq could not continue its winning ways.
The financial crisis may have left investment banking bruised and embarrassed, but analysts say an industry comeback is on the way, even if it means competing in a dramatically different marketplace.
How can investors prepare their portfolios for the long term? Jon Fisher, portfolio manager at Fifth Third Asset Management, and Joseph Keating, CIO of private asset management at RBC Bank, shared their strategies.
It is the hot new thing on Wall Street, a way for a handful of traders to master the stock market, peek at investors’ orders and, critics say, even subtly manipulate share prices.
Several Wall Street analysts lowered their estimates for Morgan Stanley on Thursday after the firm posted a huge loss. Is CEO John Mack on the chopping block?
Ben was superb. He knew he had to deliver a strong message and not get bogged down by the often inane questions of our political elite. The best way to get your point across is to tell them what you're going to say, say it, and then tell them what you said. Even Congressman might hear the message.
Is this the right time to take risks or should you stick with the safer “best of breed” stocks? Kevin Caron, market strategist at Stifel Nicolaus, and Steve Grasso, market analyst at Stuart Frankel, shared their strategies — and their stock picks.
They’ve come a long way in 12 months. Here’s an up-to-date snapshot of where they are now.