A CNBC reporter since 1990, Bob Pisani has reported on Wall Street and the stock market from the floor of the New York Stock Exchange for more than a decade. Pisani covered the real estate market for CNBC from 1990-1995, then moved on to cover corporate management issues before moving to the New York Stock Exchange in 1997.
He was nominated twice for a "CableACE Award"—in 1993 and 1995.
In 2013, he won Third Place in the National Headliner Awards in the Business and Consumer Reporting category for his documentary on the diamond business, "The Diamond Rush."
In 2014, Bob was honored with a Recognition Award from the Market Technicians Association for "steadfast efforts to integrate technical analysis into financial decision making, journalism and reporting."
Prior to joining CNBC, Pisani co-authored "Investing in Land: How to Be a Successful Developer." He and his father taught a course in real estate development at the Wharton School of Business at the University of Pennsylvania from 1987-1992. Pisani learned the real estate business from his father, Ralph Pisani, a retired real estate developer.
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Investors flee money market funds, but they're not putting money into stock funds--yet. The Investment Company Institute, the professional association of the mutual funding industry, has released their monthly Trends Report with figures through June of this year.
Futures drop on GDP; can "preliminary" numbers really be trusted? Good news! The decline in second quarter GDP was better than expected (down 1 percent). It's the fourth drop in a row (the longest since quarterly records began in 1947). So why did S&P futures drop about 5 points on the news?
Ah, we're back to the Good Old Days...of last week. Stock futures have been higher all night...the dollar is down after a two-day rally, the Shanghai Composite Index has rallied 1.7 percent after dropping 5 percent yesterday after the People's Bank of China assured investors that they would keep a relatively loose monetary policy, commodities are rallying...initial jobless claims were about inline with expectations.
Many traders believe that day traders are a factor in the market's resilience. Under this theory, traders come in mid-morning and short the market aggressively, but many must cover by the end of the day, which has created a natural upward bias.
CNBC has announced a strategic partnership with Kensho, a company set up to answer complex financial questions.
European markets are having a moment, while retailers turned in mixed results on quarterly earnings on Wednesday.
The IPO rush begins! There are 12 deals that are set to price this week. This is the rush to get deals done before Thanksgiving!
Japan's economy unexpected fall into recession increases the likelihood of demands for further stimulus.