Goldman Sachs is the top investor in start-up Kensho, a Siri-like service that answers complex financial questions, the FT reports.» Read More
Stocks rallied unusually sharply for a Fed-meeting day, buoyed by oil's drop below $120 a barrel and a better-than-expected report on the services sector.
Stocks jumped after a report showed a better-than-expected improvement in the service sector last month. The market had already been buoyed by falling oil prices and confidence that the Federal Reserve won't deliver any surprise surprise rate moves.
Oil prices hit a three-month low of $118 a barrel on Tuesday, prompting some analysts to say oil's six-year rally has run its course—but only for now.
Bankers and traders are bracing for sharply reduced bonuses amid one of the worst downturns ever—and they will be the lucky ones.
Amid tough economic times and legal problems, the famed Cipriani hotel and restaurant empire is looking to find a partner, according to people familiar with the matter.
Outside investment in a major bank has Cramer thinking we're ready for a turnaround.
Don Wordell has some mid-cap ideas to help position your portfolio for recovery. "Our process revolves around three things: Yield, valuation and fundamentals," he told CNBC.
One year into the credit crisis that led to the near-collapse of Bear Stearns, some big U.S. investment banks are down, but probably won't get taken out right now.
U.S. securities regulators have extended through Aug. 12 an emergency rule aimed at curbing abusive short selling in the stocks of 19 major financial firms, including mortgage giants Freddie Mac and Fannie Mae.
Imagine being a summer intern at a company that was getting slammed by huge losses, laying off hundreds of workers and even subject to rumors about its survival.
Deutsche Bank analyst Mike Mayo said that Citigroup may post third-quarter write-downs of about $8 billion from its exposure to collateralized debt obligations (CDOs), a day after Merrill Lynch agreed to sell its CDOs for just 22 cents on the dollar.
Vivi Nevo is said to be the largest individual shareholder of Time Warner, was once the largest private investor in Goldman Sachs, is engaged to China’s most famous actress, vacations on Rupert Murdoch’s sailboat, is the godfather of Lachlan Murdoch’s son, counts Lenny Kravitz as a good friend and attended Madonna’s wedding in 2000.And many people, including even some of his close friends, have no idea what his background is or how exactly he made his fortune.
The housing report was not so far off the expected and was not nearly as bad as it was treated. We declined because we are in a bear market.
The Dow fought its way higher on Wednesday as oil prices fell and positive sentiment swelled on hopes that lawmakers will soon approve a rescue plan for Fannie and Freddie.
As of this morning, 93 (just under 20%) of the S&P 500 companies have reported earnings. Here's a look at which companies have had the biggest surprises so far...
Our traders are good - but you knew that! Check out their latest picks that paid.
Samuel Israel III bilked his investors out of $250 million, but they are hoping to recoup some of their money from one of Wall Street’s deepest pockets: Goldman Sachs.
To give investors an edge on a day when the Dow seems to be maintaining its footing, CNBC asked the experts for their best trades now.
Failed bank IndyMac Bancorp is under investigation by the FBI for possible fraud involving its mortgage lending, unnamed law enforcement officials said on Wednesday.
The SEC issued its emergency ruling against naked short-selling Tuesday to build investor confidence regarding market information, SEC Chairman Christopher Cox told CNBC.