Shares of textbook rental company Chegg, whose staff includes a former Yahoo executive, slump in the IPO off its quoted price of $12.50 each.» Read More
The Fed is expected to repeat its dovish message in the coming week, which could provide a safety net for the market amid a big wave of earnings and the April jobs report.
Relationship Science founder Neal Goldman told CNBC his company has generated an actionable business Rolodex from mining publicly-available information.
The U.S. government's civil fraud lawsuit against S&P relies heavily on emails in which employees voiced doubts about the integrity of the agency's ratings. But S&P may still come out on top.
CNBC’s Analytics team looked at the stocks that have average consensus estimates farthest above their current stock prices. Here's what they found.
Moody's says its rival is under threat of crippling lawsuits, but Moody's may be in the same situation. TheStreet.com reports.
McGraw-Hill, which is being sued by the U.S. government for bond ratings issued by its S&P unit, reported a surge in quarterly adjusted profit and said it does not believe the government can prove its case.
President Barack Obama's State of the Union speech Tuesday could drive market focus straight to the next skirmish in the budget and deficit battle with Congress, depending on his tone.
Dennis Kelleher, CEO of Better Markets, tells CNBC why a $5 billion fine would be the least S&P deserve for their fraudulent AAA ratings which helped cause the financial crash.
Think the past week was busy? Wait until you get a load of what’s on Cramer’s radar for this week.
Shares in credit rating agency Moody's fell sharply on Friday as it faces a possible federal fraud lawsuit over its pre-crisis debt ratings.
Some of the names on the move ahead of the open.
Moody's, which could face a federal lawsuit tied to pre-crisis ratings, reported a 66 percent jump in quarterly profit as it benefited from a wave of debt issues.
The U.S. Justice Department and multiple states are discussing also suing Moody's for defrauding investors, according to people familiar with the matter.
"Many of the practices you're seeing in DOJ's lawsuit are still going on. They're still selling out," said Jules Kroll, CEO of Kroll Bond Ratings, a New York-based ratings agency.
Standard and Poor's has hired John Keker, one of the country's top white-collar defense attorneys, to help fight a $5 billion lawsuit brought by the U.S. government this week.
CNBC's Scott Cohn reports on the $5 billion complaint filed by the Justice Department against Standard and Poor's and the role of internal emails in the case. Henry Blodget, Business Insider CEO and editor-in-chief, weighs in.
Stocks finished higher Tuesday, wiping out most of the previous session's losses, boosted by a batch of encouraging earnings reports and positive economic data from Europe.
The U.S. government has launched a civil lawsuit against Standard & Poor's over mortgage bond ratings, the first federal enforcement action against a credit rating agency over behavior tied to the recent financial crisis.
Floyd Abrams, the lead attorney for Standard & Poor's, told CNBC Tuesday that "the intensity of the investigation" into the agency's bond ratings "significantly increased" after S&P downgraded the U.S.
Selling American stocks off of news from Europe is "a sucker's game" said CNBC's Jim Cramer.