Royal Bank of Scotland aims to slash as many as 14,000 jobs in the investment banking sector.» Read More
U.S.-traded shares of Argentine companies did particularly well, with telecom holding company Nortel Inversora gaining 7.7 percent to $11.10 and Petrobras Argentina, a subsidiary of Brazil's Petrobras adding 4.4 percent to its share price. The BNY Mellon index of leading Latin American ADRs gained 1.1 percent on the day.
These are critical moments for the company. The $440 million trading loss they announced this morning likely wiped out all the cash on the balance sheet, and they need cash to keep the company running.
It appears that investors are getting one last chance to bet on the management skills of Ford CEO Alan Mulally. He will try to turn around Ford’s failing operations in Europe, which the automaker said will lose $1 billion this year.
Take a look at some of Tuesday’s morning movers:
“Fundamentally, the market belongs much lower, but everybody thinks the Fed’s extending Operation Twist or will pull something else out of its hat,” says market strategist Peter Boockvar.
A confidence-crushing May jobs report has turned market talk back to more Fed easing. But how much more can the central bank do with Treasury yields at record lows?
Stocks finished in negative territory Tuesday amid worries over China's economic outlook and as investors took a breather following the recent market rally.
Jefferies, which reports quarterly earnings a month before the larger U.S. banks do, is often regarded by investors as a harbinger of things to come from competitors like Goldman Sachs and Morgan Stanley.
Jefferies' strong first-quarter earnings proves the bank is no MF Global, JMP Securities analyst David Trone told CNBC Tuesday.
Jefferies reported better revenue for the first quarter of its financial year, which should indicate better trading and investment-banking results for bigger Wall Street firms.
Even with a more than 30 percent gain since October, stocks could continue to drift higher into the quarter end.
Apple shares topped $500 for the first time Monday amid a broad market advance, bringing its market capitalization to just over $460 billion.
Standard & Poor’s cut its outlook on three brokers: Jefferies, Cantor Fitzgerald and GFI Group warning the group may be in for a prolonged period of pain.
The Dow and S&P clawed back into positive territory at the close Wednesday, adding to the sharp rally from the previous session, but gains were limited over renewed fears over the euro zone debt crisis.
Futures pulled back Wednesday, after a strong start to the New Year, as investors turned their focus once again to the euro zone's debt concerns.
Banks may have gotten hammered this year in the stock market, but the CEOs who run them are doing just fine.
Stocks moved lower Wednesday as an aggressive move from the European Central Bank to stem the sovereign debt crisis raised questions about just how much more will need to be done.
Wall Street closed with a head of steam Tuesday, with a rally powered ahead by hopes for the financial market, relief for banks and a bit of short-covering thrown in for good measure.
Sean Egan, president of ratings agency Egan-Jones Rating Co., and Jefferies Group's chief critic, said he wants to look at the fine print of the firm's full financial results before deciding if MF Global's banker has done enough to reduce its risk.
Financial stocks rebounded Tuesday, with Jefferies shares soaring 22 percent midday, but it may not be time to jump back into banks yet, one “Fast Money” pro said.