A new Goldman Sachs stock hedge fund could be launched with more than $6 billion, with some investors expecting the fund to attract as much $10 billion, people familiar with the fund said.
Britain deepened its involvement in stricken mortgage bank Northern Rock on Tuesday, offering to guarantee more of its liabilities as the struggle to find a private sector acquirer for the business continues.
Housing starts and earnings from Goldman Sachs and Best Buy are among the headlines the stock market will care about ahead of Tuesday's open.
A U.S. Federal Reserve policymaker is questioning the way the Fed describes risks to the economy in its public statements, The Wall Street Journal Online reported on Monday.
Shares in Australia's Centro Properties Group dived by more than 50 percent on Tuesday, a day after losing three-quarters of their value after it said it is having trouble refinancing $1.1 billion in debt.
With so many banks being downgraded to "sell," there may be a chance to make some money before the new year.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
With just a week to go before Christmas, investors are facing the unpleasant prospect of a slowing economy and rising prices--the dreaded "stagflation."
The U.S. economy is showing early signs of stagflation as growth threatens to stall while food and energy prices soar, former U.S. Federal Reserve Chairman Alan Greenspan said on Sunday.
Australia's Centro Properties Group, which manages U.S. malls with tenants from TJ Maxx to Wal-Mart, warned it is having trouble refinancing $1.1 billion in debt and may have to restructure because of fallout from the U.S. subprime crisis.
As we enter the final stretch of 2007, the stock market may temporarily lose some of its violent mood swings and secure gains for the month and the year.
Merger and acquisition activity could decline in 2008 from record-high levels set in 2007 in Europe because of the liquidity squeeze that has taken hold of financial markets since August, Piero Novelli, global head of M&A at UBS, told "Squawk Box Europe" Friday.
The same banks that demanded market forces be allowed to work in other indutries are now begging central banks for help.
Consumer inflation data is big on Friday's agenda after Thursday's producer prices showed wholesale level inflation surging at the fastest rate in 34 years.
Lehman Bros.' fourth-quarter earnings report, producer price inflation data and November retail sales will be factors setting direction for Thursday's markets.
The U.S. Federal Reserve on Wednesday announced with other major central banks measures to alleviate upward pressure in interbank markets as financial sector troubles have made it more difficult for banks to raise funds. Following are some major steps the Fed has taken to provide funding to the banking system.
Citigroup named Vikram Pandit, the head of its investment banking business, as its chief executive officer, charging him with restoring the bank's profitability and reputation after missteps in lending and investing left Citi with billions of dollars in losses this year.
Wall Street's post Fed selloff could spill into Wednesday morning as the Street continues to debate why the Fed didn't deliver more interest rate relief, particularly when it's becoming increasingly glum on the economy.
A banking industry fund to bail out structured investment vehicles reeling from the subprime mortgage crisis may only total $30 billion, down from recent estimates of $60 billion.
Pending sales of existing U.S. homes rose modestly in October, bucking Wall Street forecasts, but the decline from a year ago was the third largest on record, a reminder of how far housing has fallen.
U.S. Treasury debt prices eased Monday after a surprise increase in pending home sales and news that a troubled bond insurer raised new capital removed some of the recent flight-to-safety bid.