Stocks fell sharply as the decline in retail sales was double of what was expected and earnings worries escalated.
Futures are lower, after retail sales came in lower than expected, and after weakness in Europe due to poor earnings news from Deutsche Bank. The German bank expects a loss of about $6.4 billion. Trading down 10 percent pre-open.
Futures were lower after the drop in retail sales came in about double what was expected and as earnings worries escalated.
The Dow fell for the fifth straight day on Tuesday as investors fretted over what many expect will be a gloomy earnings season.
From a billionaire in Germany to a broker in Connecticut to fund manager in Korea, the global markets crash has been linked to a growing number of suicides.
If you think things look bad for Citi, you’d better take a closer look at HSBC.
Following are the week’s biggest winners and losers. Find out why shares of Celgene and Goldman Sachs popped while Apple and Chevron dropped.
Standard & Poor's lowered the credit ratings and outlooks for 12 major U.S. and European banks Friday, including Goldman Sachs and Bank of America, citing increasing industry risk and a deepening economic slowdown.
On Friday, the auto bailout was announced: General Motors and Chrysler will get up to $17.4 billion in short-term loans from the U.S. in return for deep concessions. Treasury boss Hank Paulson reversed himself, asking for the second half of the TARP fund. Who gets bailed out next — and where does it end? Strategists told CNBC the bailout is going to make things worse; but one airline CEO sees a healthy Darwinian process.
Option expiration days are usually volatile days for the stock market, and this week, there has been some unusual activity in HSBC, JPMorgan Chase and Apple.
Only the most sophisticated investors banked with Bernie. But they seemed to forget the most basic of rules.
Consumers will be shielded from increases in interest rates on existing account balances on their credit cards under new rules being adopted by federal regulators.
Drugmaker Bristol-Myers Squibb became the latest big company to announce layoffs, saying it will eliminate another 10 percent of its work force through 2010.
Banks and investment funds around the world lined up on Monday to disclose they invested billions of dollars in companies controlled by Bernard Madoff...
The list of investors who say they were duped in one of Wall Street's biggest Ponzi schemes includes some of the world's biggest banks and hedge funds, the super rich and the famous.
This week brought a slew of layoffs, including Dow component Bank of America, which said its planned job cuts may grow to 35,000 over three years after it completes its purchase of Merrill Lynch.
Sony became one of the latest companies to announce layoffs in attempt to rein in costs and weather the weak economy.
Further layoffs on Monday from big market names, including a component of the Dow Jones Industrial Average an American business icon, added to employment gloom.
As bad as the headline numbers in Friday’s employment report were, they still made the job market look better than it really is, the New York Times reports.
HSBC said Friday it has bought back its London headquarters from Spanish real estate company Metrovacesa in an 838 million pounds ($1.2 billion) deal.