Puerto Rico will miss a debt repayment Saturday, the government confirmed, as one of the largest ever US municipal debt restructurings beckons.» Read More
The Fed meeting and a record $104 billion of Treasury auctions are the big hurdles for the market this week. Plus, weekend news that Apple chief Steve Jobs had a liver transplant will put techs in focus.
Stocks could have a hard time snapping out of their current trading range, which seems to be getting narrower and narrower.
Much better-than-expected jobs numbers drew little more than a collective yawn from Wall Street on Friday, and some market experts think that could actually be a good thing.
I'm Max Meyers, the senior producer of a new program called "Options Action," and if the rehearsals are any indication, I think you will find the show both fun and informative.
SEC chairman Christopher Cox, responding to heavy criticism, said in an interview published on Wednesday he takes pride in his response to the U.S. financial crisis...
Colonel Harland Sanders' handwritten recipe of 11 herbs and spices was to be removed Tuesday from safekeeping at KFC's corporate offices for the first time in decades.
Melissa Lee has more on the unfolding Merrill Lynch story, with details on its offer to buy back $12B auction rate securities from over 30,000 of its clients, and the ramifications on other Wall Street firms.
Melissa Lee reports a breaking story linked to Citi's settlement and buyback of auction rate securities during tonight's "Fast Money." In an after-hours announcement, another Wall Street giant, Merrill Lynch, stated it too would buy back auction rate securities from its retail clients, who currently hold $12B of those questionable securities.
"[The] stock market: a loser across the board. It was a loser early, it stayed a loser and became a bigger loser as the day went on," Dylan summed up Thursday's trading with that one statement, as AIG and Wal-mart lead the Dow's one-day, 225-point dive. A few lone tech stocks were the only winners in an otherwise distressed market. Adding to the bearish environment was the morning's new jobless claim numbers, the highest reported in several months.