John Melloy was the executive producer of CNBC's "Fast Money" and the "Fast Money Halftime Report" until October 2013. Before returning to CNBC, he was chief executive officer of StockTwits.com, the leading social networking platform for stocks. He began his career at Bloomberg News in 1999 and rose to team leader of U.S. stock market coverage there before leaving for CNBC in 2006 to launch "Fast Money."
Investors began to fear the worst for the euro after an unusually weak auction for German bonds. One analyst went so far as to put the currency on a “death watch.”
The failure to reach a deficit deal—and possible undoing of automatic cuts—is risking another U.S. debt downgrade, a 10 percent drop in stocks and a decline in the US dollar, analysts say.
With hedge funds attracting the best talent and ETFs offering a lower cost alternative to retail investors, Bill Miller may be the last rock star to emerge from the mutual fund industry.
“Everyone is too focused on Europe and the possibility (albeit very small in my view) of a Lehman-type of event,” says Joseph Lavorgna, a managing director at Deutsche Bank.
On Monday, ketchup fans worldwide were supposed to be able to buy Heinz Tomato Ketchup made with balsamic vinegar on Facebook. But the 142-year old company hasn’t quite perfected the hip art of social media marketing.
The scene could have been mistaken for the company's flagship store on Fifth Avenue in New York City as fans lined up in droves at Apple’s retail store in Hong Kong, gobbling up the store’s supply of the new iPhone 4S in three hours, according to a Chinese tech site and confirmed by an analyst.
Investors aren’t willing to pay as much for these earnings because a possible European recession could hurt future profits of U.S. multinationals, not to mention gum up the banking system.
CNBC Pro highlights the top-performing stocks this week and analyzes whether the good times will continue.
Fundstrat's Tom Lee recommends investors buy technology stocks into year-end.
Market share gains and an inflection point in earnings could take shares of Wal-Mart to $90 in the next 12 months, KeyBanc predicts.
Wall Street firms are cautiously defending Deutsche Bank's liquidity position.
With the U.S. election looming, geopolitical concerns continue to dominate as a key market risk.
Tim Seymour, who has global investment experience as a hedge fund manager and trader, explains how the average investor can profit.
Goldman Sachs recommends fiscal spending stocks for the presidential election.