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This is real-time coverage of Goldman Sachs CEO Lloyd Blankfein at WSJ Deals & Dealmakers Conference
CNBC.com's Live Events Video Player carried all-day coverage of The Wall Street Journal Deals & Deal Makers Conference on Wednesday, June 27, 2007. Here are some of the video highlights.
Goldman Sachs Chief Executive Officer Lloyd Blankfein said market conditions are “quite benign” but he worries about a potential crisis in the credit markets. “Conditions seem quite benign if you look at the underlying fundamentals.” he said. He added, however, that “I think the biggest risk we face would be a crisis in the credit markets.”
The problems facing two Bear Stearns hedge funds were triggered by a small markdown in some of the funds' holdings, which became amplified because of the funds' massive borrowing, market sources have told CNBC.
Buy and hold, buy and hold. To Cramer, that strategy is garbage. Why? Because it assumes the market will never top out. But those who remember 2000 know different. Here's how you spot a peak in your portfolio.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
The main challengers to U.S. economic power -- Brazil, Russia, India and China -- have overtaken the United States in dominating the global energy industry, according to a new study by Goldman Sachs.
Blackstone Group had a stellar debut on the New York Stock Exchange Friday. The successful offering marks the biggest U.S. IPO in five years, and could open the floodgates for other alternative investment funds to go public. But the private-equity boom is coming under growing fire in Washington, with Congress moving to increase taxes on hedge funds and private-equity firms.
Stocks ended broadly lower as Wall Street pondered the fate of two Bear Stearns mortgage debt funds. Losses were compounded by adjustments in several key indexes.
Hotel real estate investment trust Equity Inns said it has agreed to be purchased by an affiliate of Goldman Sachs for about $1.26 billion in cash.
Equity Inns, which owns mid-market hotels, has agreed to be acquired by Goldman Sachs' real estate fund, Whitehall, in a deal worth $2.2 billion, including assumed debt, the company said on Thursday.
Barclays Bank has about $300 million of the riskiest assets within two troubled hedge funds at Bear Stearns that have other banks either freezing assets in the funds or unwinding their positions in order to cut potential losses, CNBC's Charlie Gasparino reported.
Two big hedge funds at Bear Stearns moved toward the brink of collapse Tuesday night after Merrill Lynch rejected a bailout plan developed over several days in a drama that could have wide-ranging consequences for Wall Street and investors, the Wall Street Journal reported.
The Supreme Court handed Wall Street underwriters a major victory Monday by ruling that an antitrust lawsuit against them over the pricing of initial public stock offerings (IPOs) cannot go forward.
With aerospace companies likely to get a bump from the Paris Air Show and some key earnings reports on deck, there's plenty of action in the market for investors. Here are Cramer's picks.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
The major indices return to record territory as interest rate jitters pass.
Proof of income from borrowers. No penalties for early mortgage payments. And a guarantee that property taxes and insurance bills are covered. The Federal Reserve is considering these and other measures as a way to remedy the troubled market for high-risk, or subprime, mortgages. The central bank held an all-day hearing on the matter Thursday.
Stocks closed higher, with the Dow staging its biggest two-day gain since August 2006, as interest rates stabilized. "It's a little bit of a bounce because we got really oversold last week," said Tom Schrader, managing director of US listed trading at Stifel Nicolaus. "People are doing a little bargain hunting."
Risk has not dampened demand for deals, says Steven Costabile, managing director at AIG Global Investment Group. He and Tim Backshall, chief credit derivatives strategist at Credit Derivatives Research, told "Power Lunch" viewers to expect more mergers and acquisitions in the foreseeable future.
Goldman Sachs Group eked out a 1% increase in quarterly profit on Thursday to beat expectations, yet revenue slipped as a sharp drop in fixed income trading offset record investment banking fees and strong equities income.
Stock futures are higher today as investors await wholesale inflation data while keeping an eye on the bond market. Global stock markets rebounded after yesterday's turnaround on Wall Street and tamer bond markets.