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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.
Now that there is a new Treasury Secretary in place, a revised plan for the financial bailout is expected and that could be a factor influencing markets in the next couple of days.
A broad array of businesses across the New York region have begun eliminating jobs by the thousands as the pain of the financial crisis spreads well beyond Wall Street, says the New York Times.
A series of companies reported earnings Wednesday, offering a mixed picture and generally cautious outlooks.
The Lightning Round is extended in this CNBC.com exclusive feature.
At a time when many investors are looking to cash out, some market experts caution to stay in.
As U.S. stocks opened higher on overseas gains ands news of European bank rescues, the experts cautioned investors to stay in the markets.
Connecticut Attorney General Richard Blumenthal said Wednesday he will take legal action against the three major rating agencies, which he accused of "deceptive and unfair practices."
The European Commission wants to cooperate closely with the U.S. Securities and Exchange Commission (SEC) on the planned regulation of credit rating agencies, the German financial weekly Euro am Sonntag reported.
New York Attorney General Andrew Cuomo on Thursday reached agreements with Moody's Investors Service, Standard & Poor's and Fitch Ratings that will change the way credit rating agencies are paid by investment banks for reviewing mortgage-backed securities.
Moody's Investors Service and other rating agencies have signed an agreement with New York Attorney General Andrew Cuomo addressing rating practices, including fees, Moody's Chairman Ray McDaniel said Thursday.
Credit rating agencies will be banned from helping to design products they also grade as part of a tougher industry code of conduct to tackle issues raised by the U.S. subprime mortgage crisis such as conflicts of interest.
McGraw-Hill, which owns ratings agency Standard & Poor's and news magazine BusinessWeek, said Tuesday it will cut 395 jobs and take a $23.7 million charge to pay for the layoffs.