Following are the week’s biggest winners and losers. Find out why shares of Celgene and Goldman Sachs popped while Apple and Chevron dropped. Read More
Option expiration days are usually volatile days for the stock market, and this week, there has been some unusual activity in HSBC, JPMorgan Chase and Apple. Read More
Banks and investment funds around the world lined up on Monday to disclose they invested billions of dollars in companies controlled by Bernard Madoff... Read More
Hong Kong dropped 12 percent to its lowest level in 5 years, S&P futures have swung in a 60 point range this morning, though they are well off their lows. Read More
Here's the sweet part: it's a quadruple witching expiration!! Options desks are frantic, because everyone has to cover their short calls in financials. Read More
The Fed, the European Central Bank, Bank of England, Bank of Japan, Bank of Canada, and the Swiss National Bank are all pumping dollars into the global system. Fed made an additional $180 billion available to central banks to lend out. Read More
After the close yesterday, RBC Capital put out a note: "Next Credit Shoe to Drop on Banking Industry: We believe commercial and industrial loans (C&I), commercial real estate and non-resi construction loans will be the next credit problems for the banking industry brought on by the weakening in the US and Global economies." Read More