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Goldman Sachs Group Inc

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  • Financial Sector Slammed By Fresh Credit Worries Monday, 2 Jun 2008 | 4:06 PM ET
    Credit Crunch

    Downgrades of three U.S. investment banks, an ouster of Wachovia's CEO and a bleak U.K. housing outlook reignited fears about the global credit crunch.

  • Three Big Wall Street Banks Are Downgraded by S&P Monday, 2 Jun 2008 | 1:07 PM ET
    Credit Crunch

    Standard & Poor's cut the ratings of Lehman Brothers, Merrill Lynch and Morgan Stanley and said the outlook for large US financial institutions is now mostly negative.

  • Month's End: Defining the May Market Story Friday, 30 May 2008 | 4:30 PM ET

    It's the last day of the month and no one wants to be a hero. But the Street is struggling to find a narrative -- it's not clear where we are, so instead of broad narratives I am getting a lot of little stories. Here are a few observations...

  • John F. Marshall spent decades teaching at business schools and watching his students parlay his lessons into fortunes on Wall Street. But when he and another professor reached for some of those riches themselves, events took a startling turn, the authorities say.

  • Money Flow: More Out Of Bonds Then Into Stocks Friday, 30 May 2008 | 9:15 AM ET

    Dell up 8 percent pre-open on a stronger than expected report. But oil is up, bonds are reversing their recent decline, and other metals like gold and copper are up slightly today, though a modest dollar rally continues.

  • Dow Chemical's CEO: Where's the U.S. Energy Plan? Wednesday, 28 May 2008 | 9:10 AM ET

    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.

  • SEC to Probe Bear Stearns Trading Data: WSJ  Wednesday, 28 May 2008 | 5:20 AM ET

    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.

  • Oil Drops, Stocks Pop Tuesday, 27 May 2008 | 6:19 PM ET

    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...

  • Why Stocks Had A Modest Rally Today Tuesday, 27 May 2008 | 4:27 PM ET

    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 Close Higher as Lower Oil Boosts Tech Tuesday, 27 May 2008 | 4:00 PM ET

    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.

  • BlackRock More Selective in Buying Assets: Officials Tuesday, 27 May 2008 | 11:38 AM ET
    BlackRock headquarters

    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.

  • Market Worry: Stocks Hitting Recent Lows Again Tuesday, 27 May 2008 | 9:31 AM ET

    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.

  • Analyst: Financial Crisis Winding Down Tuesday, 27 May 2008 | 8:44 AM ET

    There are several signs that the financial crisis that has long plagued the market is winding down, according to one expert.

  • BofA Cuts Outlook for Lehman, Goldman & M.Stanley Tuesday, 27 May 2008 | 8:06 AM ET

    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.

  • JP Morgan Chase Launches Major Round of Layoffs Friday, 23 May 2008 | 3:04 AM ET

    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.

  • UBS Launches $15.5 Billion Discounted Rights Issue Thursday, 22 May 2008 | 2:25 PM ET

    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 Gushes to Record, Stocks Plummet Wednesday, 21 May 2008 | 6:21 PM ET

    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.

  • Abby Joseph Cohen Sees Interest Rates Rising Wednesday, 21 May 2008 | 5:13 PM ET

    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.

  • Winning Energy Stocks - Oil, Coal and Alternatives Wednesday, 21 May 2008 | 9:56 AM ET

    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. 

  • Why Goldman's Oil Guru Predicts a 'Super Spike' Wednesday, 21 May 2008 | 4:20 AM ET

    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.