After the S&P 500 hit its 2009 high last Friday, the major averages dropped marginally to start the week but the market remains close to its year-to-date high.
Federal Reserve policymakers are expected to hold a two-day meeting starting on Tuesday to determine U.S. interest rate policy. Sam Stovall, chief investment strategist at Standard & Poor’s, weighed in on how this week’s decisions will affect the economy.
The broad gains in cyclicals last week is reversing today, due to obvious profit taking: homebuilders down about 3 percent, retail down 2 to 3 percent, Transports down 1 percent, commodity stocks down 2 percent, industrials down 1 to 2 percent.
Warren Buffett's company, Berkshire Hathaway, announced a 14 percent second-quarter profit on Friday. Larry Coats Jr., of Oak Value Capital Management, told CNBC how Berkshire’s gains are impacting his fund.
Stocks retreated Monday as investors took a breather after a four-week rally capped by better-than-expected jobs report on Friday. But losses were pared intra-day Monday and the Dow is trading around its highest level since November. Read and listen to what the experts had to say...
Does today's pullback mean the end for the summer rally or will it be a small dip as the market moves upward?
Hispanic America is celebrating Saturday’s swearing-in of Sonia Sotomayor as a Supreme Court Justice. African-Americans are happy that both the Attorney General of the United States and the man in the Oval Office are black like them. And much of Caucasian Nation is breathing a self-satisfied sigh of relief because diversity has flowered and our country’s long-standing, race problems are behind us.
The recession is over, according Leon Cooperman, chairman & CEO of Omega Advisors. He believes the recovery from this point onward will be “square root-shaped.”
The resurgence of bonus guarantees underscores just how difficult it is to control Wall Street pay, despite the public outcry over how taxpayer money is being spent.
Seven months after Henry Paulson left office, questions are still being asked about his part in decisions last fall to prop up the teetering financial system, including aid that directly benefited his former firm, Goldman Sachs. The New York Times reports.
Investors poured back into stocks on Friday sending the S&P 500 to a new high for 2009. With the bulls large and in-charge how should you be positioned?
Goldman Sachs may be bad, but it’s far from the worst.
U.S. employers cut far fewer jobs than had been expected, the Labor Department said Friday. What's it mean for stocks? Art Cashin, director of floor operations for UBS Financial Services, offered CNBC his market insights.
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?