Stocks sold off on Thursday in their worst two-day slide since October 1987 with disappointing corporate outlooks and bleak sales from major retailers fueling invsetor fears.
So for the past two days the short-term trade has been: fade the market in anticipation of a nonfarm payrolls report below even the loss of 200,000 jobs expected, then go for a modest rally in the middle of the day Friday.
The Dow plummeted on Wednesday, a day after Barack Obama's historic victory, as a fresh batch of dismal economic data underscored the massive challenges awaiting his administration.
Major Wall Street firms, which have already begun major layoffs, are expected to slash annual bonuses as well, CNBC has learned.
Risk models used on Wall Street failed to keep pace with the growth in complex securities, says the New York Times.
The Dow surged higher in an Election Day rally, with investors looking forward to the end of the uncertainty surrounding the long fight for the White House.
Stocks popped like a champagne cork Tuesday as Wall Street breathed a gigantic sigh of relief that the presidential election — and the uncertainty that comes with it — is almost over.
Stocks staged an impressive Election Day rally as hopes for change lifted the market and Mastercard led gains by a raft of financial-related stocks.
Stocks staged an impressive Election Day rally as hopes for change lifted the market and MasterCard led gains by a raft of financial-related stocks.
The big broker-banks are preparing to lay off as much as 15 percent of their workforce as the economic slowdown continues to pound Wall Street, CNBC has learned.
A Goldman Sachs hedge fund that launched in January with over $6 billion under management lost close to $1 billion by September. That comes only one day after...
Wall Street greeted the last day of a long presidential election campaign with enthusiasm, sending stocks up strongly off the market open as the nation chooses its new leader.
Every day the macro picture has improved ever so slightly...it is baby steps, to be sure, but it is happening. Libor rates continue to drop, down for the 17th straight day to the lowest levels since June. Commodities are rallying, the dollar is weaker.
A Goldman Sachs hedge fund that launched in January with over $6 billion under management lost close to $1 billion by September, according to the Financial Times.
Stocks ended little changed on Monday with investors unwilling to place significant bets ahead of the presidential election.
On the floor of the New York Stock Exchange, brokers have to bear the burden of having come to personify Wall Street — an all-encompassing name for the stock market, the economy, your 401(k).
There are only a handful of billionaires around the world who are playing in Warren Buffett's league. Mexico's Carlos Slim is one of them. In a very rare on-camera interview with CNBC's Michelle Caruso-Cabrera, Slim talks about Buffett and his two recent multi-billion dollar investments in Goldman Sachs and General Electric.
A friend of a friend, who happens to be a senior executive at a New York based media conglom, was lamenting this recently as he braced for another big RIF (reduction in force) at his company
Plus, Cramer offers young investors advice on which stocks they should consider buying and more.
The Dow closed in positive territory on Thursday, buoyed by hopes that world wide interest-rate cuts will help stave off a prolonged downturn.