Goldman Sachs' Lloyd Blankfein tells CNBC that stock volatility is probably back for the foreseeable future.» Read More
Remember, it's a quadruple witching expiration (expiration of stock and stock index options, and stock and stock index futures). The S&P 500 options stopped trading at the CLOSE last night, however the settle price is at the OPEN this morning.
We can fix this. If nothing else, that’s the message I hope readers take away from this column. Of course, the “this” is the run on the world banking system. Stock markets have plunged globally, gold prices have shot up, and U.S. Treasury-bill rates have plummeted to 10 basis points, the lowest since the 1950s.
Energy stocks are oversold and now is the time to jump in, Goldman Sachs analysts wrote in a research note on Friday.
Investment banks are out, and a new breed of bank is in.
A proposal to help financial institutions shed their bad debts sparked a big rally on Wall Street, but it was unclear whether the move was a turning point in the credit crisis.
Should hedge funds be required to report their short positions, daily?
Stocks whipsawed back into positive territory after regulators in the US and Europe took aim at short sellers and progress continued toward resurrecting the Resolution Trust Corporation to dispose of bad bank assets.
The Dow rallied 250 points shortly after 1 pm ET when the UK government announced they were banning short selling in financial stocks until January, and would require hedge funds to reveal their short positions.
Treasury Secretary Henry Paulson is working on a plan that would set up a government facility to take on bad debts from financial institutions, preventing a worsening of the global credit crisis, Wall Street sources have told CNBC.
If the usual suspects aren't responsible for hurting Goldman Sachs and Morgan Stanley, then who is?
Crises: Lehman, Merrill, AIG, Goldman Sachs and Morgan Stanley. What does it all add up to? Possibly the death of capitalism, says Paul Donovan, senior international economist at UBS.
The experts have their say on whether any investment banks can go it alone.
"At no time has there been a greater need for books that provide an insight into modern business issues" - These page turners rise to the challenge.
Many investors are wondering what’s next for Goldman Sachs, a firm some on Wall Street consider to be in a league of its own...
Morgan Stanley -- one of the two last independent, U.S.-based investment banks -- is in advanced merger talks with Wachovia Bank, according to sources close to the company.
Seeking to avoid the kind of fate that led Lehman Brothers and Bear Stearns to collapse, John J. Mack, Morgan Stanley’s chief executive, made an unsuccessful effort to persuade Citigroup’s chief executive, Vikram S. Pandit, to enter into a combination, The New York Times reported.
Crazy bets on market volatility and a big move in Morgan Stanley ... That's what the options market seems to be looking for, according to Rebecca Darst of Interactive Brokers.
Uncertainty is likely to continue in the financial sector for at least another two weeks, causing more depression, Ralph Silva, research director at Tower Group, told CNBC on Thursday.
The storm hitting Wall Street ramped up to category 5, and it's not over. Wednesday's markets illustrated in every way the fears investors have been living with since the credit crises began a year ago.
Morgan Stanley is negotiating with the Chinese government for a fresh infusion of funds into the beleaguered investment bank, sources tell CNBC.