China's growing ability to buy and sell millions of barrels of oil has given it so much clout that other traders are forced to follow its agreed prices.» Read More
Despite a pull back in the U.S. equity markets last week, the S&P and Nasdaq Composite are having their best September since 1998 so far, while the Dow is on track for its biggest % gain in September since 2007. Even though September ranks as the worst month historically on average for all three indices, the Nasdaq Composite has traded up 12 sessions out of 19 as of Monday's close while the Dow and S&P have finished up 11 days of 19.
As we approach another quarter and month end, with just four days to go, the Dow is on track for its best third quarter since 1939, the S&P is on course for its biggest Q3 gains since 1970, and the Nasdaq Composite is having its best Q3 since 1997, based on September 24 closing levels. Will the markets continue to hold on to gains or sell off by the end of the year?
Ratings agencies need to adopt universal standards to prevent the kinds of abuses that helped fuel the collapse of the credit markets, an industry whistleblower told CNBC.
Following are the day’s biggest winners and losers. Find out why shares of Yahoo and Foster Wheeler popped while Toll Brothers and McGraw-Hill dropped.
Not too many people can honestly say they saw the Wall Street crisis coming. Hear from someone who can!
Following are the day’s biggest winners and losers. Find out why shares of Energy Conv. Devices and McDermott popped while McGraw-Hill and Smithfield Foods dropped.
With shares of Fannie Mae up a whopping 150% over the last month, has the dash for trash run its course?
A recent court ruling that forced two ratings companies to defend fraud claims is a "game-changer" for the industry, said David Einhorn, head of Greenlight Capital.
Following are the week’s biggest winners and losers. Find out why shares of BP and Costco popped while McGraw-Hill and Alcoa dropped.
Investors all but bare their teeth at the mention of ratings agencies, after losing their shirts in the credit crisis. But the chickens may be coming home to roost!
Following are the day’s biggest winners and losers. Find out why shares of American Eagle and Nokia popped while Sun Microsystems and McGraw-Hill dropped.
Following are the day’s biggest winners and losers. Find out why shares of Advanced Micro Devices and Boeing popped while Toll Brothers and Harman International dropped.
Stocks skidded Tuesday after a report showed consumer confidence is waning amid worries about the job market. It was a struggle all morning as investors juggled another batch of disappointing earnings results against an encouraging report on the housing market.
Stock futures drifted slightly lower ahead of the open Tuesday as investors waited for the next batch of earnings and key economic data.
Following are the day’s biggest winners and losers. Find out why shares of US Bancorp and China Petroleum popped while Whirlpool and AMD dropped.
The largest public pension fund in the US has filed suit in connection with in losses that it says were caused by “wildly inaccurate” credit ratings, the New York Times reports.
In the overhaul of financial regulation proposed by the Obama administration on Wednesday, rating services will avoid the radical changes their detractors have urged.
Cramer makes the call on viewers' favorite stocks.
I’m so behind in opening up my mail, I must have 60 new books I still need to look at, but I did open one package today from McGrawHill. Inside, Robert Slater’s newest book, “SOROS: The World’s Most Influential Investor.”
Following are the day’s biggest winners and losers. Find out why shares of Texas Instruments and Hershey popped while Valero and McGraw-Hill dropped.