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Goldman Sachs Group Inc

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  • Bear's 'Fire Sale' Sparks Fear That No Bank Is Safe Monday, 17 Mar 2008 | 11:40 AM ET
    Credit Crunch

    A fire sale of Bear Stearns stunned Wall Street and pummeled global financial stocks on Monday on fears that few banks are safe from deepening market turmoil.

  • Dow Pares Losses; Lehman Plunges Monday, 17 Mar 2008 | 11:40 AM ET

    Stocks plunged at the opening bell Monday as investors were spooked by the cash crisis at Bear Stearns that forced its sale for $2 a share to JP Morgan Chase.

  • To everyone who called me or emailed me over the weekend saying, "How could this happen? How could Bear Stearns go from $57 to $2 in two days?" I would offer the comment of one astute trader, who said, "When you are levered 30 times and have no access to finance it doesn't take a huge move on $400 billion in assets and $260 billion of debt to wipe out the equity."

  • Investment bank Goldman Sachs will announce asset writedowns of $3 billion when it posts earnings on Tuesday, Britain's Sunday Telegraph newspaper reported, without naming sources.

  • Goldman Sachs to Unveil $3 Billion Writedown: Report Sunday, 16 Mar 2008 | 11:45 PM ET

    Investment bank Goldman Sachs will announce asset writedowns of $3 billion when it posts earnings on Tuesday, Britain's Sunday Telegraph newspaper reported, without naming sources.

  • Bear Stearns Weekend Talks Reveal 2 Key Contenders Saturday, 15 Mar 2008 | 8:42 PM ET

    Department heads at Bear Stearns met with officials at J.C. Flowers and JPMorgan Chase Saturday afternoon to give an overview of their business divisions, including headcount and profit and loss positions, CNBC has learned.

  • For the week ending Friday, March 14, 2008 the US Markets ended mixed.  Market moving events include the Fed's $200B expansion of its securities lending program and the Bear Stearns bailout, amongst others leading to extreme market volatility.  The Dow gained 417 points on Tuesday, only to lose the majority of its gains to close up only 0.48% for the week.  The VIX crossed 30 for the first time since January. Next week, the markets will watch for the the FOMC announcement on interest rates Tuesday, the Visa IPO on Wednesday, and a slew of brokerage earnings including Goldman Sachs, Lehman Brothers, Morgan Stanley and possibly Bear Stearns.

  • Show Me State Friday, 14 Mar 2008 | 6:20 PM ET

    Bear Stearns as well as Lehman, Goldman and other banks are opening up the books next week. What’s the trade ahead of broker earnings?

  • Week Ahead: The Fed & The Bear Friday, 14 Mar 2008 | 6:20 PM ET

    The big story of the week is the Fed's meeting Tuesday, but that meeting and all Fed activity takes on a new level of urgency after the central bank helped J.P. Morgan engineer a lifeline to keep Bear Stearns liquid.

  • Dow Ends Up for Week Despite Bear Sell-Off Friday, 14 Mar 2008 | 6:01 PM ET

    Stocks tumbled Friday, after an initial jump, following news that J.P. Morgan Chase and the New York Federal Reserve are jumping in to help Bear Stearns.

  • European Stocks at the Mercy of US Outlook Friday, 14 Mar 2008 | 4:08 PM ET

    European stocks are set to be dominated by events in the U.S. next week, as the Federal Reserve is likely to cut rate cuts further and the big three U.S. brokerages deliver earnings to volatile markets.

  • Bear Stearns News Mauls Market Friday, 14 Mar 2008 | 2:04 PM ET

    Stocks tumbled Friday, after an initial jump, following news that J.P. Morgan Chase and the New York Federal Reserve are jumping in to help Bear Stearns.

  • Bear Stearns Bailout Spurs Fears of Spreading Crisis Friday, 14 Mar 2008 | 1:51 PM ET

    Bear Stearns said a cash crunch forced it to turn to the Federal Reserve for emergency funds, intensifying fears of a widening global credit crisis.

  • Stocks Fall Sharply After Bear Stearns News Friday, 14 Mar 2008 | 11:26 AM ET

    Stocks retreated Friday, after an initial jump, as news that J.P. Morgan Chase and the New York Federal Reserve are jumping in to help Bear Stearns sunk in.

  • CPI Helps But Trend Is Still To Sell Into Rally Friday, 14 Mar 2008 | 9:12 AM ET

    The trading pattern remains the same: the market does not move up unless there is some outside piece of news. Today it is the better than expected CPI. Yesterday it was comments from Standard and Poor's and hopes for a government rescue of the mortgage market.

  • Your First Move For Friday Mar. 14th Thursday, 13 Mar 2008 | 7:22 PM ET

    Here's our Fast Money Final Trade. Our gang gives you tomorrow's best trades, right now!

  • Strong Rebound For Stocks Thursday, 13 Mar 2008 | 6:26 PM ET

    A 200+ point decline turns into a net gain on the Big Board as Standard & Poor's gives the market some confidence that the end is near. Also, oil and gold hit records and more in the Word on the Street.

  • Stocks Close Higher After S&P-Fueled Rally Thursday, 13 Mar 2008 | 4:32 PM ET

    Stocks closed higher Thursday after Standard & Poor's delivered the words Wall Street was waiting to hear: The end is in sight.

  • Cramer to Fed: Buy Fannie Mae Paper Thursday, 13 Mar 2008 | 4:12 PM ET

    Aquiring some of the worst loans in California, Florida and other struggling states would boost the rest of the country – and the market.

  • WaMu Gets Hedge Fund Cash Offer: Report Thursday, 13 Mar 2008 | 6:24 AM ET

    U.K. hedge fund Toscafund Asset Management LLP has approached Washington Mutual, offering to participate in any consortium looking to recapitalize the bank, The Wall Street Journal reported on Wednesday.

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