Some of the names on the move ahead of the open.» Read More
Drugmaker Bristol-Myers Squibb became the latest big company to announce layoffs, saying it will eliminate another 10 percent of its work force through 2010.
With the Fed's key rate dropping closer to zero, the central bank is moving into uncharted territory. Still, Fed Chairman Bernanke has made it clear the Fed isn't running out of ammunition yet.
When stocks stop going down on bad news, that's the best news you could hope for. The attached chart goes back to the bottom of the last bear market in 2002-2003. The 800 level as you can see is critical.
This week brought a slew of layoffs, including Dow component Bank of America, which said its planned job cuts may grow to 35,000 over three years after it completes its purchase of Merrill Lynch.
Following are the day’s biggest winners and losers. Find out why shares of Baidu.com and UnitedHealth popped while Costco and Harley-Davidson dropped.
Futures dipped a few points as jobless claims hit a 26-year high. But the big topic on trading desks is the dollar, which may be weaker on expectations the U.S. will ease interest rates next week, so commodities and some commodity stocks (notably gold) are stronger.
Following are the day’s biggest winners and losers. Find out why shares of Domino’s and UPS popped while Vodaphone and SanDisk dropped.
As Dolly intensifies and moves into the Gulf of Mexico, here is Weather Insight's latest forecast for possible oil and gas disruptions...
Better-than-expected economic numbers this morning have moved futures up about 8 points; the dollar rallied and bonds dropped. Talk about food inflation -- Potash has been the beneficiary here. Same story from Bunge, one of the largest agribusiness companies.
This is the week for the Fed; traders are hoping for a 50 bp cut, but some fear only a 25 bp cut. The good news is that mortgage rates have come down, and the yield curve has steepened considerably.
After beating their own benchmark index for the last five years, Standard & Poor’s equity research team is betting on the biggest U.S. jam maker and the Magic Kingdom, among 40 companies in this year’s PowerPicks stock portfolio, to outperform again in 2008.
Call it an ugly mortgage market, call it poor risk management. But Merrill's writedown of $7.9 billion in subprime mortgages and collateralized debt obligations (CDOs), $3.4 billion more than they had previously announced just three weeks ago, was being greeted as a sign that plenty more bad news remains on banks' and brokers' books.