"We have the 'stupor committee,' as I call them, as ineffective as everybody thought. You have renewed worries going on in Europe...and then of course the streets of Cairo remind us that every crisis isn't in the banking system," said Art Cashin, head of floor operations for UBS Financial.
When I heard the Super Committee had failed to agree to some sort of action all I could say to myself was: I’m so sick of it!
Investor attention will swing between the U.S. and Europe as politicians on both sides of the Atlantic struggle with debt and deficits that hang like a threatening pendulum over markets.
"I think what you're seeing today is the European Central Bank knowing that the Spanish elections are coming up" Sunday, and "going out of their way to keep things quiet in Europe," Art Cashin, head of floor operations for UBS Financial, told CNBC Friday
Stock traders Friday will be watching headlines from Europe, and increasingly they will be turning to Washington for any signs of movement by the Congressional "super committee." It is also a day for options expirations, another source of volatility.
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As the European debt crisis threatens to spiral out of control, banks are scrambling behind the scenes to protect their balance sheets and hedge their exposure to ride-out an increasingly scary 2012.
There was welcome news Thursday for some former clients of MF Global Holdings. The judge hearing the motion to transfer cash accounts from the now defunct MF Global to other brokerages has approved the request. While certainly a step in the right direction, there are still many issues that need to be resolved.
The consumer review website's IPO spiked 20% in its first day of trading, reports CNBC's Julia Boorstin.
Thursday marks the seventh anniversary of the announcement that Kmart would merge with Sears spacer. And as if like clockwork, it was yet another disappointing quarter, with management reminding us that it “not satisfied” with the results.
Some companies haven't had the luxury to make acquisitions since the financial crisis and instead have been using ventures and business line fire sales to stabilize bleeding operations.
As this week progresses, Europe is increasingly serving as a counter weight to a growing stream of better U.S. economic news.
Mad Money host and former hedge fund manager, Jim Cramer, provides stock traders with all manner of investing advice.
TheStreet Ratings reviews the risk-adjusted performance of around 25,000 funds every month. The best overall-rated mutual funds for 2012 are updated monthly on TheStreet's Top-Rated Mutual Funds page.
Chipmaker Qualcomm, holding its annual analyst event Wednesday, looks set to hold the pole position in the race to 4G networks, according to experts.
WTI surged above $102 on news that the flow of crude oil will be reversed on the Seaway Pipeline. The result in Wednesday’s trading has been panic in the spread between WTI and Brent Crude with funds and other market players buying WTI and selling off Brent...fast.
My first reaction when I heard there would be a social media ETF was the same I have whenever I hear a new “sector” fund is being launched: Why always after the fact?
The improving trend in U.S. data could again be a factor for markets Wednesday, if negative sentiment about Europe can be held at bay.
"Buy HOG November calls ahead of analyst day and facility visit" is the title of a very short term "Trade Idea" put out by Goldman Sachs Monday.
The old stock market chestnut "sell in May and go away" proved to be good advice this year. But that was not the only old adage of Wall Street traders that worked in 2011 — they all worked.