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The big broker-banks are preparing to lay off as much as 15 percent of their workforce as the economic slowdown continues to pound Wall Street, CNBC has learned.
A Goldman Sachs hedge fund that launched in January with over $6 billion under management lost close to $1 billion by September. That comes only one day after...
Wall Street greeted the last day of a long presidential election campaign with enthusiasm, sending stocks up strongly off the market open as the nation chooses its new leader.
Every day the macro picture has improved ever so slightly...it is baby steps, to be sure, but it is happening. Libor rates continue to drop, down for the 17th straight day to the lowest levels since June. Commodities are rallying, the dollar is weaker.
A Goldman Sachs hedge fund that launched in January with over $6 billion under management lost close to $1 billion by September, according to the Financial Times.
Stocks ended little changed on Monday with investors unwilling to place significant bets ahead of the presidential election.
On the floor of the New York Stock Exchange, brokers have to bear the burden of having come to personify Wall Street — an all-encompassing name for the stock market, the economy, your 401(k).
There are only a handful of billionaires around the world who are playing in Warren Buffett's league. Mexico's Carlos Slim is one of them. In a very rare on-camera interview with CNBC's Michelle Caruso-Cabrera, Slim talks about Buffett and his two recent multi-billion dollar investments in Goldman Sachs and General Electric.
A friend of a friend, who happens to be a senior executive at a New York based media conglom, was lamenting this recently as he braced for another big RIF (reduction in force) at his company
Plus, Cramer offers young investors advice on which stocks they should consider buying and more.
The Dow closed in positive territory on Thursday, buoyed by hopes that world wide interest-rate cuts will help stave off a prolonged downturn.
With the financial crisis costing investors and taxpayers alike tens of billions of dollars, legislators are in no mood to suffer fat payouts for executives at financial firms taking part in the government bailout.
New York Attorney General Andrew Cuomo is demanding information about executive compensation and bonuses at nine banks that have received federal funds under TARP, the U.S. Treasury's Troubled Asset Relief Program.
Cramer makes the call on viewers' favorite stocks.
Stocks bounced higher on Tuesday, with the Dow surging almost 11 percent to close back above 9,000...
Wall Street went on a bargain-hunting bonanza, with a frenzy of activity in the final hour of trading, sending shares up 10 percent.
Investors went on a late-day buying spree, scooping up shares of beaten down stocks and sending the major indexes soaring 7-8 percent.
Volatility reigned again on Wall Street Tuesday as jittery investors had a hard time committing to the morning's early rally -- or to the subsequent paring of gains.
Scarcity of Volkswagen stocks after Porsche bought up nearly all the remaining free float triggered a short squeeze that pushed VW's market capitalization above that of Exxon at some point Tuesday.
The Fast Money traders, along with Marc Pado, U.S. market strategist at Cantor Fitzgerald, read the market charts.