U.S. stocks were lower on Tuesday, after a surprise devaluation of the Chinese yuan took away the momentum of yesterday’s rally.
On Monday, the Dow broke a 7-day losing streak, rallying to finish up by 241 points. But this morning investors watched as many of those gains were taken back,...
After several bullish days of new record highs for the Dow and S&P 500, markets retreated somewhat today to catch their collective breaths with earnings reports filtering out. Wells Fargo reported results as expected, but Citigroup reported results that beat analysts' expectations. Yesterday, JPMorgan Chase beat estimates and BlackRock...
At the beginning of the month, former House Majority Leader Eric Cantor took a lucrative new role at Moelis & Co., a New York-based investment bank. The move, announced the day after Labor Day, seemed hasty—only two weeks after Cantor’s resignation from Congress. Suggestions abounded that the hope was...
Hump-day on Wall Street meant a down day for the market as all three major indices ended in the red. Energy stocks led the decline, falling 1.5% with oil finishing lower. Oil dropped almost 2.5% to close at $41.71 per barrel.
As CNBC's Bob Pisani reported today, the market is...
For decades, Wall Street has been a breeding ground for corruption and foul play when dealing with the assets of Americans nationwide, and a recent finding reveals that it has risen to a whole new level. Evidence has surfaced that demonstrates how high frequency traders on Wall Street are...
U.S. stocks were higher Friday, recovering some losses from a rough week in trading on Wall Street.
The Euro climbed to $1.13 against the U.S. dollar on Thursday, its highest point in months. But the contradictory nature of the market reared its ugly head—after weeks of hearing how a strong...
U.S. stock futures fell lower Tuesday, one day after the Dow and S&P 500 set new all-time highs and the NASDAQ reached 5,000 for the first time in almost 15 years.
But this morning, the outlook was pessimistic following disappointing earnings figures from major retailers like Dick’s Sporting Goods and...
Today, the American public is focused on the mid-term elections—and rightfully so. All 435 seats in the U.S. House of Representatives are up for grabs, as are one-third of Senate seats. In addition, 36 of 50 states will have their governorships determined Tuesday.
These elections will go a long way...
U.S. stocks closed up on Tuesday, overlooking the ongoing debate over ending Greece’s current bailout.
On Sunday, Greek Prime Minister Alexis Tsipras reinforced his pledge to end the bailout. Thus far, however, he has yet to provide a useful solution to the country’s level of debt. The European Central Bank...
Even though stocks had their best month in four years, Wall Street ended the month of October on a down note finishing lower on all three indices. Chris Gaffney, president of world markets at EverBank told CNBC:
"There's just a whole lot of uncertainty in markets right now. We've had...
