Citigroup has agreed to pay $285 million to settle Securities and Exchange Commission charges that the bank misled investors about the strength of a security tied to the struggling U.S. housing market.
Investors watched $500 billion disappear from the stock market Thursday, putting the week's losses at $1.1 trillion.
U.S. stocks are gearing up for losses at the opening bell Tuesday, as investors mull over the rebalancing of the Nasdaq-100 index to diminish Apple's influence, a rate hike in China and another downgrade of Portugal's debt.
Kohlberg Kravis Roberts & Co., the takeover titan immortalized in the book and television movie "Barbarians at the Gate," will finally start trading on the New York Stock Exchange next week.
Last week's market swoon briefly shaved about $1 trillion dollars off of the value of U.S. equities. But it may have a much more lasting and beneficial effect on the NYSE Euronext -- the exchange world's resident tortoise.
Six major U.S. stock exchanges have agreed to new guidelines aimed at preventing last week's momentary stock market collapse from happening again.
CNNMoney: Wall Street retreatsupdated: Tue Dec 08 2009 17:47:00
Stocks tumbled Tuesday, with the Dow losing over 100 points as investors eyed weak global markets, a rising dollar, falling oil and gold prices, and some disappointing profit news from 3M, McDonald's and Kroger.
Gold prices fell for the third day in a row on Tuesday as the U.S. dollar continued to strengthen.
Gold prices extended their decline for a second straight session Monday as the dollar continued to rise.
A former Lehman Brothers employee has been charged with illegal insider trading in a plot that accrued over $4.8 million in profits in a four-year span, according to a complaint filed by the Securities and Exchange Commission on Thursday.
Gold prices fell below $700 an ounce for the first time in 14 months Thursday as investors fearful of a protracted global slowdown unloaded their holdings in the precious metal
Commodities prices tumbled broadly Monday on growing expectations that the financial crisis pummeling world markets will dramatically reduce global demand for energy and raw materials
Oil prices rebounded Tuesday, jumping back above $114 barrel after the dollar weakened against the euro and a rally in heating oil pulled new buyers into energy markets
Oil fell to its lowest price in three months Friday, briefly touching the $111 level after the dollar muscled higher and OPEC predicted the world's thirst for fuel next year will fall to its lowest point since 2002
Oil prices resumed their descent Friday, dropping below $117 a barrel as a strengthening dollar and expectations of slowing demand offset supply concerns over a sabotaged pipeline in Turkey
Oil prices jumped back above $120 a barrel Thursday, rising for the first time in four days after Kurdish rebels reportedly admitted causing a fire at an oil pipeline in Turkey
Oil prices were little changed near $119 a barrel Wednesday ahead of a key government report on U.S. energy stockpiles that could offer further proof of declining demand
Oil prices edged modestly higher Friday as news of an output cut in Nigeria helped to halt, at least temporarily, the week's sharp decline in prices
Marketplace Middle East's John Defterios speaks with OPEC's Chakib Khelil about oil prices and what the future may hold.
CNN's Charles Hodson sits down with Helge Lund, CEO of Norway's Statoil Hydro, and talks about the latest hike in oil prices.
When one of New York's longest running and most expensive legal shows closed Tuesday - the attempt to claw back some of former New York Stock Exchange chief executive Richard Grasso's nine-figure exit package - it also served as an epilogue of sorts on Grasso's legacy and on an era of wildly high CEO pay.
Stocks struggled Monday at the end of the worst June for the S&P 500 and the Dow industrials since the Great Depression, amid rocketing oil prices and ongoing financial market woes.
U.S. Treasury Secretary Henry Paulson discusses U.S. openness to investment from the Middle East and shortage of oil rigs.
Market turmoil
updated: Mon Jun 09 2008 05:25:00
CNN's Kristie Lu Stout gets a preview of what to expect from the markets this week from strategist Kirby Daley.
Think it's bad that gas is $4 a gallon in the U.S.? CNN's Charles Hodson reports Norwegians pay more than twice as much.
Nigeria exports about 2 million barrels of oil a day, but cannot refine enough for its own needs. CNN's Christian Purefoy explains.
Correspondents in London and Islamabad report on how consumers there are responding to rising fuel prices.
Oil prices dropped below $129 a barrel Tuesday, falling sharply on a growing sense that soaring gas and oil prices have cut demand for fuel during the normally busy summer driving season
CNN's Ali Velshi explains the push to find easy way to turn coal into liquid fuel.
Retail gasoline prices increased for the sixth straight day and hit their fifth consecutive record, auto group AAA's Web site showed Monday.
ITN's Tim Rogers reports on a 48-hour strike by oil workers that has shut down a major pipeline in Scotland.
Despite five interest rate cuts in the past six months, Wall Street has remained impervious to the Federal Reserve's wooing, with investors taking a "thanks, but..." attitude to Ben Bernanke & Co.'s attempt to recharge the economy and stock market.
Asian marketsupdated: Tue Mar 04 2008 01:15:00
CNN's Kristie Lu Stout gets some market analysis from Kirby Daley a strategist from Newedge Group.
CNN's Colleen McEdwards asks former U.S. Labor Secretary Robert Reich why the U.S. economy may already be in a recession.
Oil futures dropped sharply Tuesday on mounting concerns that the U.S. economy may be heading toward a recession that would dampen demand for crude
CNNMoney: Intel batters stocksupdated: Wed Jan 16 2008 17:59:00
Stocks tumbled Wednesday, with investors giving up a late-session attempt at a rally, as disappointment about Intel's earnings and outlook and more worries about the economy caused another sell off on Wall Street.
James Stewart of Weavering Capital on possible Fed plans to cut interest rates.
China's oil lustupdated: Wed Jan 02 2008 22:57:00
CNN's John Vause looks at how China's booming economy helped push oil to more than $100 a barrel.
Blue chips rose Friday afternoon and the broader market struggled after a choppy morning, as investors welcomed a mostly upbeat November jobs report and geared up for an expected interest rate cut from the Federal Reserve.
Stocks were mixed Friday afternoon as investors welcomed a mostly upbeat November jobs report, but showed caution ahead of next week's Fed policy meeting when the central bank is expected to cut interest rates.
Stocks were mixed Friday afternoon as investors welcomed a mostly upbeat November jobs report, but showed caution ahead of next week's Fed policy meeting.
Wal-Mart led a broader stock market rally Tuesday morning, as investors piled back into stocks after a turbulent period that left the Dow Jones industrial average below 13,000 for the first time this fall.
Wall Street staged a late session rally to finish higher Tuesday, as higher oil and gold prices buoyed a market still grappling with credit market fears.
Stocks were on track to finish the session modestly higher Tuesday as higher oil and gold prices provided some surprising comfort to investors jittery about the credit market crisis.
CNNMoney: Nasdaq up 2% at openupdated: Fri Oct 26 2007 09:32:00
The Nasdaq composite index soared more than 2 percent at Friday's open after Microsoft's earnings report, while Countrywide's rosy outlook helped lift the broader market.
Kevin Gayateng of Corporate FX on the dollar's record low and what it means for European exporters and the economy.
Stocks slipped Friday, at the end of a strong week and month on Wall Street, after some upbeat economic news and cautious comments from a Fed official cooled bets that the central bank will cut interest rates next month.
Oil prices fell Friday as investors sold to lock in profits, but analysts doubt oil's record-breaking run is over and say gasoline prices are about to start following oil higher.
Oil prices hit another high Tuesday, closing at more than $81 a barrel after the Federal Reserve lowered a key interest rate.
Stocks rose near midday Thursday, finding a little stability after a volatile morning influenced by see-sawing oil prices, upbeat economic reports and the aftermath of the previous session's brutal selloff.
Stocks jumped Wednesday afternoon, as takeover talk and bets that the Federal Reserve will cut interest rates next month soothed worries about the impact of the tightening credit market on equities and the economy.
Stocks surged Wednesday, as takeover talk and bets that the Federal Reserve will cut interest rates next month soothed investor worries about the impact of the tightening credit market on equities and the economy.
Stocks rocketed out of the gates Wednesday, as takeover talk helped soothe investors worried that a tightening credit market would curtail the recent run of mergers and acquisitions.
Oil prices fell sharply Thursday as credit and economic growth concerns pressured global stock markets, while oil traders assessed the storm threat to Gulf of Mexico oil operations after storm Erin was downgraded to a tropical depression.
Trans-Atlantic exchange NYSE Euronext said Tuesday its U.S. and European trading volumes hit a record in July, when markets hit record highs and then fell sharply due to worries over credit markets.
The U.S. average retail price for gasoline fell for the third week in a row, dropping another 3.8 cents a gallon, the government said Monday, and pump prices may go lower thanks to cheaper crude oil.
Oil prices set a new closing high Wednesday, surpassing $78 a barrel as ramped up refining activity fuels demand for crude.
Last week's stock market selloff came to an end Monday with major gauges finishing higher, helped by cooling credit markets fears and a bit of deal making on Wall Street.
Last week's stock market selloff came to an abrupt end Monday with major gauges finishing higher, as Wall Street credit market fears appeared to cool.
CNNMoney: Bulls strike backupdated: Mon Jul 30 2007 03:35:00
Investors waded back into the market Monday, with the Dow industrials climbing more than 100 points, as credit markets fears appeared to subside on Wall Street.
A merger of the two major watchdogs for U.S. stock markets has received final regulatory approval, the Securities and Exchange Commission said late Thursday.
U.S. market regulators on Wednesday charged failed hedge fund Amaranth Advisors LLC and its former head trader, Brian Hunter, with trying to manipulate natural gas futures prices.
Stocks continued to retreat Tuesday, with the Dow falling more than 150 points, amid renewed fears about the housing and mortgage sectors and following some disappointing earnings news from a number of blue chip companies.
LaBranche & Co. Inc., which runs one of the largest equity specialist trading outfits on the New York Stock Exchange floor, may consider selling all or part of itself to salvage its floor-trading business, a source said Monday.
U.S. regulators were powerless to stop "excessive speculation" by Amaranth Advisors LLC because the giant hedge fund exploited an unregulated electronic exchange to "dominate" and "distort" natural gas markets in 2006, a U.S. Senate panel said in a report issued Sunday.
Tech stocks slipped Monday afternoon, dragging down the Nasdaq composite and forcing the Dow industrials to give back bigger gains, as investors retreated after the recent rally.
The Chicago Mercantile Exchange upped its offer for crosstown rival Chicago Board of Trade by 16 percent Friday and added cash to what had been an all-stock offer, prompting CBOT to again endorse the combination with the Chicago Merc rather than an unsolicited offer from the IntercontinentalExchange.
A few letters are sparking a big debate on Wall Street.
The Dow slipped Monday after closing at record highs the last three sessions, amid higher oil prices and some jitters ahead of a busy week for economic and earnings news.
The Dow retreated Monday afternoon, pulling back after hitting a record high in the previous session, amid higher oil prices and some jitters ahead of a busy week for economic and earnings news.
Stocks weakened a bit Monday afternoon, as investors stepped back amid higher oil prices and ahead of a slew of earnings and economic news due later in the week.
CNNMoney: Dow clings to recordupdated: Mon Apr 23 2007 10:23:00
Stocks struggled Monday morning, with investors holding back one session after the Dow industrials closed at an all-time high and the Nasdaq composite and S&P 500 closed at more than 6-year highs.
CNNMoney: Nasdaq manages gainsupdated: Tue Apr 10 2007 10:09:00
The Nasdaq rose and the broader market struggled Tuesday morning, as investors eyed higher oil prices and geared up for the start of the quarterly earnings reporting period.
Federated Department Stores, the owner of Macy's and Bloomingdale's, announced Wednesday that it plans to officially change its ticker symbol to "M" on the New York Stock Exchange.
The Chicago Board of Trade has delayed the shareholder vote over its merger with the Chicago Mercantile Exchange, the latest move in the fierce fight for the nation's second-largest futures exchange.
Stocks were volatile Friday but managed to finish the week higher as Wall Street recovered some ground after last week's big selloff.
Stocks were volatile Friday but managed to finish the week higher as Wall Street recovered some ground after last week's big selloff.
The Dow industrials crept higher Friday, capping a week of modest gains, as Wall Street recovered some ground after last week's big selloff.
CNNMoney: Stocks inch higherupdated: Fri Mar 09 2007 12:25:00
Stocks managed modest gains Thursday afternoon, as investors welcomed the morning's mostly upbeat economic news, but held back a bit amid rising Treasury bond yields and revived worries about the financial sector.
The Nasdaq composite slipped Wednesday afternoon, while the broader market meandered as investors attempted to find stability after the previous session's big rally.
Techs slipped and blue chips rose Wednesday morning as investors pleaded confusion following the previous session's big rally in which the Dow industrials saw their biggest one-day point gain in eight months.
CNNMoney: Stocks turn weakerupdated: Mon Mar 05 2007 13:40:00
The Nasdaq composite led a broader market sell-off Monday afternoon, as investors continued to worry about weakness in global markets and the fallout from the subprime mortgage lending business.
Dow Jones offered a more detailed explanation Wednesday about why its industrial average took a nosedive during the market selloff Tuesday, but said it was still looking into what caused the problem.
Stocks tumbled across the board Tuesday, with the Dow industrials sinking more than 500 points at one point, after declining markets in China and Europe and a steep drop in durable goods orders triggered a massive selloff on Wall Street.
Stocks slumped Friday afternoon, as investors extended the two-day selloff in blue chips amid higher oil prices and some jitters ahead of the weekend.
CNNMoney: Stocks turn mixedupdated: Thu Feb 22 2007 10:02:00
The Nasdaq composite gained Thursday morning, due to a merger in the grocery sector and the end of Cisco and Apple's trademark dispute.
Stocks bounced back Tuesday afternoon, recovering from earlier declines as investors scooped up select tech shares and eyed lower oil prices, a merger in the satellite radio industry and earnings from a pair of Dow retailers.
Blue chips propelled the Dow industrials Tuesday afternoon as investors reacted to takeover talk about Alcoa, a rebound in commodity shares and an upgrade of GM.
Blue chips led a broader stock market advance Tuesday afternoon, as investors welcomed takeover talk about Alcoa, a rebound in commodity shares and an upgrade of GM.
CNNMoney: Stocks knocked backupdated: Mon Feb 12 2007 17:28:00
Stocks slipped Monday as falling oil prices and a rash of corporate deals failed to rally investors concerned about reports on housing and testimony from Federal Reserve Chairman Ben Bernanke due later this week.
Stocks slipped Monday afternoon as falling oil prices and a rash of corporate deals failed to inspire investors ahead of reports on housing and testimony from Federal Reserve Chairman Ben Bernanke due later this week.
Stocks tumbled Monday afternoon, as a rash of corporate deals and a big selloff in oil prices failed to inspire investors ahead of key reports on housing and retail and testimony from Fed chief Ben Bernanke - all due later this week.
Stocks slipped Monday afternoon as investors welcomed a rash of corporate deals, but were cautious amid sliding commodity prices and ahead of a number of economic reports due later in the week.
Cisco's strong earnings gave a boost to the technology sector Wednesday, pushing the Nasdaq composite closer to a six-year high. However, the Dow gave up attempts at another record-breaking close after an early advance petered out.
Cisco's strong earnings gave a boost to the technology sector Wednesday, pushing the Nasdaq composite closer to a six-year high. However, the Dow gave up attempts at another record-breaking close after an early advance petered out.
Cisco's strong earnings gave a boost to the technology sector Wednesday, pushing the Nasdaq composite closer to a 6-year high. However, the Dow gave up attempts at another record breaking close after an early advance petered out.
Cisco's strong earnings gave a lift to the Nasdaq composite Wednesday, but the Dow gave up attempts at another record breaking close after hitting an all-time record earlier in the session.
CNNMoney: Dow hits new recordupdated: Wed Feb 07 2007 12:29:00
Stocks rose Wednesday afternoon as Cisco's strong earnings report and falling oil prices boosted the Dow to a fresh all-time trading high and propelled the S&P 500 within reach of a 6-1/2 year peak.
CNNMoney: Dow hits fresh recordupdated: Wed Feb 07 2007 11:12:00
Stocks rose Wednesday on Cisco's strong earnings report, with the Dow Jones industrial average hitting a fresh trading high and the S&P 500 index flirting with 6-1/2 year highs.
Stocks were mixed Friday, as the Dow Jones Industrial average struggled a day after ending at an all-time high and the Nasdaq composite edged higher.
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