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Traders and investment bankers might have more to worry about than dwindling bonus pools this year as mass firings on Wall Street are set to hit a record.
Stocks made a third attempt at a rally Thurdsay though techs took a beating amid worries about the outlook for the sector.
A rally spurred by bargain hunting fizzled Thursday as weakness in technology leaders offset strength energy-related companies.
Stocks wavered after an early pop Thursday as the latest batch of earnings and a disappointing weekly jobless report stoked recession fears.
U.S. stocks opened slightly higher despite worse-than-expected weekly jobless numbers and growing recession fears.
S&P futures moved about 40 points off their highs of the morning, before posting a slight rebound off the lows late in the morning. They are finishing the morning session only down slightly.
The stock market deteriorated in the final 20 minutes of trading with the Dow closing with triple digit losses.
A management shakeup is expected at Merrill Lynch in the coming days, people close to the firm told CNBC, and changes will include the departure of Peter Kraus, head of strategy at the investment bank.
The most powerful brands in American sports — the New York Yankees and the Dallas Cowboys — are getting together to form a stadium hospitality company called Legends Hospitality, CNBC has learned.
Warren Buffett has very publicly proclaimed that now is the time to be "greedy" and buy U.S. stocks, because everyone else is fearful, and those fears are driving down stock prices to bargain levels. While some praise his leadership and courage, there are also skeptics.
Investors will have a rough ride until April, says Bill Spiropoulos, CEO of CoreStates Capital Advisors, but he thinks now is the time to put money to work.
Critics have labeled the Mad Money host irresponsible and inaccurate, but the market this week proved him right.
We've all been searching for road maps from the past to help guide us through these current, scary market conditions.
The stock market is on its own wild ride these days, but if investors were to step off the roller coaster for a minute, they might see signs of life in the credit markets.
What’s the fall-out as Wall Street firms look less like casinos and more like banks?
Yes, the market on Wednesday tested last week's lows, but a lot has changed since then, Cramer said. You might want to put some money to work.