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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On Friday, stocks are holding onto modest gains. The news the government is extending $17.4 billion in loans to Chrysler and General Motors was well received at the open, but markets haven't been able to sustain those gains. Retailers are acting squirrely on concerns about weak Christmas spending, and financials are mixed after Standard & Poor's cut its outlook and ratings on 12 major banks. One thing giving traders hope: the continued slide in the VIX.
In the boring world of Fed statements, this one was an eye-opener, indeed potentially historic. It was different in tone AND content from other Fed statements. How different? Traders on the floor looked a bit confused as they tried to parse through a lot of headlines that sounded very different from previous statements.
As expected, Goldman reported significantly losses in Principal Investments (including $961 million from losses in commercial real estate), and a $631 million loss due to the decline in value of their investment in International and Commercial Bank of China.
Retailers struggle with elevated promotions, nimble competitors and kids' preference of tech over clothes.
It's the biggest complaint of the trading community this year: where has all the volume gone?
Alibaba filed an amended statement this morning, but investors are still waiting to see the IPO terms.
Emerging markets are gathering steam, a sign of the U.S. rally's global heft.
Bank of America asked a federal judge to throw out a verdict finding it liable for fraud over defective mortgages sold by its Countrywide unit.
An influential U.S. financial services industry group is downplaying concerns about possible breaches at JPMorgan Chase and other banks.
Since 1950, September is the worst performing month for the S&P 500 index.