So-called living wills submitted by big banks are "not credible" and have to be revised by next July, federal regulators said on Tuesday.» Read More
Which stocks were unfairly punished during Monday’s monster sell-off?
As we await the fate of Washington Mutual, the pipeline of troubled institutions is filling up. I mentioned Audit Integrity earlier this week in a post on Downey Financial, and later the firm reached out to me to explain that it considers Downey very risky from an accounting and governance perspective.
Massachusetts' $50.6 billion pension fund on Wednesday fired a Legg Mason unit run by fund manager Bill Miller and four other fund firms from managing a $1.8 billion U.S. stocks portfolio due to poor performance.
Nearly 1.3 billion shares and $13.5 billion traded yesterday in CNBC's Million Dollar Portfolio Challenge. Check out the bets being made today...
Stocks closed lower following a zig-zag day marked by a plunge in oil and a barrage of statements and news from economic policy makers, and a resurgence for the beaten-down financial sector.
Stocks fell sharply after Federal Reserve Chairman Ben Bernanke issued a dour forecast ahead for the US economy, saying more hard times are on their way that will pose a major challenge to policy makers.
State Street, one of the world's biggest institutional money managers, said on Tuesday that second-quarter profit rose amid more demand for its services, which helped the company report record revenue.
It was an ugly first half for the stock market and now that the goal posts have been moved for the economic recovery, expect a rough game in the second half.
Q: On Fast Money’s trader radar we look at the stock that was lighting up screens across Wall Street. Chartered by John Hancock on one of the most famous streets in Boston, this company has grown to be the largest money manager in the world for institutions. But the stock has had more setbacks than “the big dig” this year due to the ongoing credit crunch. Who is it?
Computer equipment containing personal information on more than 45,000 customers and employees of a State Street unit was stolen five months ago, the company said.
Investors who spent the past nine months avoiding the US stock market and economy by snapping up multinational companies are now coming back home.
Cramer makes the call on viewers' favorite stocks.
To date 50 or 10% of the S&P 500 companies have reported earnings. Here's a look at the scorecard for the quarter to date.
The afterglow from Intel's earnings news should be an early bright spot for stocks Wednesday, a day that will be ruled by earnings news.
All three major indexes finished slightly higher Tuesday, led by energy and bank stocks, as investors processed some not-horrible earnings results. Airline stocks skidded amid concerns about fuel prices and viability.
Stocks traded mixed Tuesday as not-horrible earnings failed to quell market jitters about earnings.
Stocks opened higher Tuesday after a tame core inflation reading, a better-than-expected manufacturing report and news of a Delta-Northwest deal.
Futures actually moved up at 8:30 ET, despite PPI much stronger than anticipated (core PPI was in-line, apparently because car and truck prices were dropping; the NY Empire State Index was stronger than expected).
A double helping of economic data and first-quarter earnings reports will flood the zone next week, but it's the corporate earnings that will drive stocks and give a better picture of where the economy is going. If GE's bombshell earnings miss is an indicator, the news will be as nasty as traders expect.
Financial stocks can't seem to find their way to a bottom. Yet investors keep searching for a way to jump back in, hoping for the inevitable turnaround.