Here's what one banker's little scam on his daily commute says about Wall Street.» Read More
Goldman Sachs posted better-than-expected quarterly earnings but its performance in November was "horrible," a senior executive said.
Goldman Sachs Group fourth-quarter earnings rose 2 percent, beating expectations and capping a record year, but its shares fell after the investment bank cautioned that markets will remain challenging in the near future.
As we near the end of the year, the S&P is up a measly 2 percent. If it ends here, it will be the worst year since 2002. One reason for a lackluster year in stocks has been the complete and utter indifference of the Ameican investor to U.S. stocks. To be blunt, U.S. investors are sticking all their cash in overseas funds.
Two consecutive 170 point losses in the Dow. Supply of stock for sale seems to be plentiful, and demand seems to be lacking. If lack of liquidity during the last two weeks of the year has been one reason the market has had the jitters, then the ECB's $500 billion injection should be a big help. We are modestly higher, but it's the energy stocks leading, not financials.
Merry Christmas! The ECB's decision to inject half a trillion (trillion!) into the global marketplace (technically, they are providing what is essentially unlimited loans at a fixed fate for the next couple weeks) is definitely giving equities a shot in the arm this morning. This should put some pressure on bonds, lower LIBOR rates, and maybe prop up the dollar a bit.
Goldman Sachs Group is slated to report its fiscal fourth-quarter results Tuesday before the opening bell. Following is a summary of key developments and analyst commentary related to the period.
A new Goldman Sachs stock hedge fund could be launched with more than $6 billion, with some investors expecting the fund to attract as much $10 billion, people familiar with the fund said.
Housing starts and earnings from Goldman Sachs and Best Buy are among the headlines the stock market will care about ahead of Tuesday's open.
Expect a bonanza of broker earnings this month with Goldman (GS) reporting Tuesday, Morgan Stanley (MS) on Wednesday and Bear Stearns (BSC) on Thursday. How should you trade it?
Traders are eagerly anticipating the big earnings announcement Tuesday from Goldman Sachs (GS). Will they keep knocking the cover off the ball, or will the credit crunch finally catch up with this Wall Street darling?
Banking stocks aren't dead, said Richard Bove, financial strategist at Punk, Ziegel; but they have to be judged differently going forward. Bove gave his insights into which Wall Street firms are the strongest-positioned -- and which will see their troubles getting even worse.
An interesting connection brought to me by my CNBC colleague Michelle Caruso-Cabrera today. Straight from today's Wall Street Journal comes the news that Goldman Sachs, Michael Dell's MSD, along with Abu Dhabi and Saudi Arabia's Olayan Group are making a $1.4 billion investment in the Related Cos.
At Goldman Sachs, success has become something of a liability.
Some companies -- Goldman Sachs, Best Buy, Research in Motion -- are too good to be down for long.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.
What's the trade ahead of Goldman Sachs (GS) earnings Tuesday before the bell? Find out from Oppenheimer Chief Market Technician Carter Worth.
Inflation took the spotlight as the newest fear to haunt investors, sending stocks down to end a volatile week that featured more credit worries and pervasive unease over the Fed's role in the market.
While most firms post massive subprime losses, Cramer's alma mater is expected to report record net annual income. Some question how they did it. Cramer responds.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.
Jon Najarian, co-founder of Optionmonster.com, Bill Nichols, senior managing director at Bear Stearns, and Steve Grasso, broker at Stuart Financial, named the stocks that confident investors should buy.
Goldman Sachs Chairman and Chief Executive Lloyd Blankfein is likely to get a 30 percent pay rise this year to about $70 million, despite the liquidity squeeze which has seen shares in the banking sector tumble, the Financial Times reported on its Web site.
Lehman Bros.' fourth-quarter earnings report, producer price inflation data and November retail sales will be factors setting direction for Thursday's markets.