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.
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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Stocks staged a modest late day rally and gave back some of the gains late in the day, but still ended up. That is unusual, given that the usual trend is to reverse after a large gain. The important development is technical: the Dow, the NASDAQ, the S&P 500 and the Russell 2000 are all at 5-week highs
The commodity decline that began a month ago and accelerated yesterday is continuing this morning. Traders are worried about the muted reaction from the stock market and are hopeful we will get a better reaction today.
While the drop in oil is getting a lot of attention suddenly (down 3.6 percent), note that the entire commodity complex is down. But while there is modest strength in the dollar, most are not attributing this move down in commodities to a dollar rally.
Banks lead this week after underperforming this year. Rising rates provide a boost.
Stocks are at new highs, but where are the bargains?
Stocks trade in narrow range. Financials outperform for second day. Bank of America jumps three percent.
A solar company is reintroducing the idea of credit risk in China
The falling out between Bill Gross and his one-time partner Mohamed El-Erian has quickly turned into one of the ugliest bust-ups in recent history.
The founder of a hedge fund with $21 billion under management provided three investing rules and three favorite stocks.
Former executives at Dewey & LeBoeuf were accused of using accounting gimmicks to fool banks and investors.