CNBC takes a quick look at the dark pool trading platforms and why it's come under investigation.» Read More
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.
Here’s the burning question of the day from the Hamptons, the tony beach towns on Long Island east of Wall Street: Who’s the hedge hog? Hedge fund king James Chanos, of Kynikos Associates, and Marc Spilker, a managing director at Goldman Sachs, are squabbling about a common path to the beach, according to CNBC's Margaret Brennan.
Lehman Brothers surprised Wall Street with record profits, beating estimates by 33 cents per share. As the largest brokerage firms gear up to report their quarterly financial results, is Lehman’s act too tough to follow? Jeffery Harte, managing director of equity research at Sandler O’Neill, joined CNBC’s Sue Herera on “Power Lunch” with an earnings outlook.
Analyst actions and earnings news were some of the catalysts behind the most actively traded stocks on Tuesday. Financial stocks were in focus and Lehman Brothers rose on heavy trading volume after the investment banking firm reported strong quarterly earnings.
Ford Motor said on Tuesday it was working with financial advisers on the best options for its European luxury brands Jaguar and Land Rover.
Lehman Brothers, the nation's fourth-largest investment bank, said Tuesday robust stock trading and buyout business pushed second-quarter profit up 27 percent year-over-year
Eddie Lampert, the billionaire hedge fund manger and controlling shareholder of Sears Holdings, is embarking on an effort to raise billions in new money for his widely successful hedge fund, ESL, people familiar with the situation told CNBC's David Faber.
Kudos to the Orlando Magic who told me today that they are willing to refund the money paid by any of the 200 season ticket holders, who bought seats after Billy Donovan was hired as head coach. Orlando Magic spokesman Joel Glass said that the team was in the process of contacting each of the new season ticket holders one by one. "So far we've had some people who said they are going to stick with us and others have said they will wait until free agency," said Glass, who noted that he didn't know of anyone who elected to cancel.
Next week is "show me" time for the biggest brokers on Wall Street. Investors will learn if the subprime slime has soiled companies such as Lehman Brothers (LEH), Bear Stearns (BSC) and Goldman Sachs (GS). How are the guys trading?
Cramer can recommend any number of stocks for next week’s Game Plan, but in the end their success depends solely on the 10-year Treasury note. Here's how to play it.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.
AstraZeneca's Chief Financial Officer Jon Symonds, who lost out in a 2005 race for the CEO job, is to leave the company at the end of July to join investment bank Goldman Sachs.
Goldman Sachs abandoned its forecast for three quarters of a percentage point of cuts in benchmark U.S. interest rates this year because of tightness in the labor market and expectations for stronger economic growth, adding it expects no Fed rate cuts in 2008 either.
The parent of the New York Stock Exchange has been accused in a $4 billion lawsuit of providing worse prices on trades executed through its electronic SuperDOT system than those handled by floor traders.
Close your books and pick up your pencils. It’s time to see if you’ve got what it takes to make it as a trader. In this feature, Dylan poses a scenario and biz students must quickly come up with smart trades. This week they’re from Penn State, University of Illinois, Ohio State, and Washington University. Could you pass today's test?
The “next Akamai” should make people a lot of money – even if it’s not the next Akamai.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.
Even in a bull market, you can’t flood the zone, Cramer says. Spread your portfolio out so you’re still in the game if one sector tanks. 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.