Goldman Sachs has promoted one of its star deal makers to become a co-head of its investment bank, The New York Times reports.» Read More
Oppenheimer cut its earnings estimates on some U.S. brokers based on its outlook on the capital markets and sizable estimated revenue reversals due to an accounting rule that lets companies elect to use fair value for certain assets and liabilities.
Stronger retail sales than expected (ex-auto up 0.5 percent, the best showing since November) has caused an 8-point pop in futures. Elsewhere: 1) Hewlett-Packard's $12.6 b deal for Electronic Data systems ($25.00 a share) is a direct challenge to IBM.
What do AIG, Citigroup and Circuit City have in common? They're all awful, Cramer said.
Stan writes, “I don’t understand the refiners. So what if material costs are going up? Why can’t they charge what they need to?"
With its recent run-up, is it time to jump further into the financials sector? Here is a stock screen of some stocks you may want to look at.
The U.S. credit crisis is easing and the risk in housing is dramatically lower now, but economic growth will remain under pressure , the CEO of Merrill Lynch said.
Swiss bank UBS will cut almost 7 percent of its workforce and said it has a preliminary deal with BlackRock to sell a $15 billion portfolio of subprime mortgages.
Oil could shoot up to $200 within the next two years as part of a "super-spike" driven by poor growth in oil supplies, investment bank Goldman Sachs said in a research note.
Federal prosecutors in New York have formed a task force together with other government agencies to examine the collapse of the market for risky home loans, a spokesman for the U.S. Attorney's Office in Brooklyn said Monday.
As Warren Buffet told CNBC this week, "A good time to buy a really great business is when you can."
Investors appear to be fleeing the once white hot commodities space in favor of tech and financials. How should you trade the rotation?
It's finally happening. The "long commodities/short dollar" trade that has been the primary trade for the past three months is clearly in the early stages of unwinding, and stock traders could not be happier. Money is leaving commodities and energy, and going to tech stocks and financial stocks.
Recession? What recession? These American firms are outperforming.
Merrill Lynch CEO John Thain continues to remake the company in the image of his old firm, Goldman Sachs.
As the market gets a jolt of confidence on Mars’ plans to buy Wrigley, CNBC asked the experts how to make the most of the momentum.
For investors right now, the best offense is a good defense. That's how John Dorfman of the Dorfman Value Fund and Thunderstorm Capital sees it.
Panasonic maker Matsushita Electric Industrial and Sanyo Electric may tie up in the first reorganisation move among Japan's top electronics makers, the Yomiuri newspaperreported on Monday, but the two companies quickly rejected the report.
The Lightning Round is extended in this new CNBC.com exclusive feature.
Our traders are good - but you knew that! Check out their latest picks that paid.
Terrible consumer sentiment, more record oil and Microsoft's weak earnings weren't enough to keep Friday's market down. But what's in store for next week?