Blackstone is "giving up on Russia", highlighting how even well-connected western investors are shying away from doing business in the country.» Read More
Dow's CEO, Andrew Liveris, noted that first quarter feedstock and energy costs were up "a staggering 42 percent," putting strains on the company and its relations with customers. For most chemical companies, price increases have failed to keep up with raw material increases.
Bear Stearns plans to turn over documents to securities regulators showing that financial giants like Goldman Sachs Group, Citadel Investment Group and Paulson & Co cut their exposure to the securities firm before its collapse, the Wall Street Journal reported on Wednesday.
The Dow ended higher Tuesday led by technology companies as a sharp drop in crude oil prices rekindled hopes of increased consumer and business spending on tech gear...
Overall, 3 stocks advanced for every 2 that declined. OK, it's not a roaring start to the summer, but consider the headlines: 1) May Conference Board Consumer Confidence fell to the lowest since October 1992.
Stocks closed with solid gains, led by technology companies such as Apple, as investors bet that a sharp drop in crude oil prices will help shore up consumer and business spending on tech gear.
Top officials at BlackRock say the big investment management firm continues explore major investments in distressed assets--such as its recent purchase of $15 billion in mortgage securities from UBS--but the company is becoming more selective in recent weeks about where to place its bets, CNBC has learned.
We are down three out of four days and the uptrend that began with the March bottom has now been broken. Many financials like Lehman are already sitting at or near their March lows.
There are several signs that the financial crisis that has long plagued the market is winding down, according to one expert.
Bank of America forecast a second-quarter loss for Lehman Brothers Holdings and cut its earnings outlook for Morgan Stanley and Goldman Sachs, and said brokers may continue to underperform in the current challenged credit environment.
Officials at JP Morgan Chase have launched a major round of layoffs in the firm's vaunted investment banking department, axing dozens of executives, CNBC has learned.
Swiss bank UBS launched a deeply discounted rights issue worth 16 billion Swiss francs ($15.55 billion) on Thursday at a third below its latest market price in a bid to lure investors to repair its battered balance sheet.
Oil suffocates any chance of stock gains and the Fed minutes further the declines. Also, playing the airlines as a proxy for oil and Dick Bove on summer for the financials.
Goldman Sachs Senior Investment Strategist Abby Joseph Cohen told CNBC Wednesday that she sees U.S. interest rates climbing, though not necessarily in the short term.
Crude oil hit yet another record high today, crossing $130 / bbl for the first time ever. Yesterday on CNBC, Boone Pickens predicted $150 oil and on Friday, analysts at Goldman Sachs raised their outlook for crude oil prices during the second quarter of 2008 to average ~$140 per barrel.
Arjun N. Murti remembers the pain of the oil shocks of the 1970s. But he is bracing for something far worse now: He foresees a “super spike” — a price surge that will soon drive crude oil to $200 a barrel.
You know that crude is making new records, but enough oil talk already. What’s the best energy trade without trading energy?
In Monday’s Web Extra Pete Najarian reveals where he’s seeing unusual options action. Also what's the trade as Citigroup slashes its outlook for Wall Street banks?
Stocks finished mixed as an early rally fizzled and weakness crept into techs, retail and housing.
Stocks advanced Monday as an uptick in leading indicators offered investors a modest confirmation of the optimism they've been trading on.
Citigroup slashed its earnings outlook for Wall Street investment banks, Goldman Sachs Group, Lehman Brothers Holdings and Morgan Stanley, citing a tough operating environment.