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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This has important implications for multinational companies--the majority of the S&P 500. Dollar strength for U.S. based corporations implies profits will be smaller when profits made overseas are repatriated back to the U.S.; does it mean the biggest multinationals are now partly for sale?
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.
JPMorgan's chief U.S. equity strategist, Tom Lee, said that a "construction boom" seems imminent and should boost stocks.
Global investment management firm Pimco underperformed its peers last month, according to estimates by data tracker Morningstar, following internal strife at the company.
A lot of people think of it as an Old Boys Club but the truth is, Wall Street likes to hire 'em young, says former trader Raj Mahal.