Citigroup Chief Economist Willem Buiter now believes Greece could leave the euro zone, but not before 2014.
The Federal Reserve Bank of New York released a report suggesting vulnerability among the largest "too big to fail" U.S. banks.
As the world recalls the death of Steve Jobs, his career of triumphs and setbacks has parallels with two living legends: Lee Iacocca and Sanford Weill.
A rally that has added 30 percent to large U.S. bank stocks is over, and it's time for investors to cash in, a UBS report warns.
The U.S. Treasury Department is unwilling to sell the government's stake in General Motors Co because a sale now would mean huge investment losses, the Wall Street Journal reported on Monday, citing people close to the matter.
The Dow Jones Industrial Average (DJI: DJI) gained another 53.51 points, or 0.40 percent, on Friday to close at 13,593.37, the highest level in nearly five years. However, many uncertainties remain. Here are four factors that could make -- or break -- the Dow's continued ascent.
Citi Habitats, the city's largest rental brokerage, said Manhattan's residential vacancy rate jumped to a three-year high in August as rents continued to escalate.
Here are two places to get a live stream of the news conference that Ben Bernanke, the chairman of the Federal Reserve, will hold today following the conclusion of a two-day meeting by the central bank's rate-setting committee.
Less than 24 hours after the U.S. government reported it was mostly done with its money-losing bailout of AIG, a Bloomberg News article out Tuesday explained how Wall Street banks are setting themselves up for the next systemic crisis by playing at financial alchemy in the derivatives market.
Pre-Market Movers (Alcatel, Nokia, Sohu.com, Facebook, Barclays, Cognizant, Morgan Stanley, Apple, Banco Santander)
Alcatel Lucent SA, Nokia Corp, Sohu.com, Facebook, Barclays, Banco Santander, Cognizant Technology Solutions Corp, Morgan Stanley and Apple Inc. are among the companies whose shares are moving in pre-market trading Wednesday.
Markets have been talking about QE3 for two years. Now, after a sovereign credit downgrade, the near collapse of the European financial system, and facing an anemic recovery that has only marginally helped heal the carnage in the labor and housing markets, the vast majority of financial pundits believe QE3 this week is "pretty much a given."
Because of the U.S. Treasury Department's announcement Sunday that it has launched an offering of $18 billion worth of its American International Group Inc. (NYSE: AIG) common stock, the government will soon go from being the company's majority shareholder to being one of its minority shareholders.
Pre-Market Movers (Nokia, Procter & Gamble, Facebook, Abercrombie, Citigroup, Telefonica, Groupon, ArcelorMittal, ABB)
Nokia Corp, Telefonica, ABB Ltd, Procter & Gamble, ArcelorMittal, Facebook, Abercrombie & Fitch, Citigroup and Groupon Inc are among the companies whose shares are moving in pre-market trading Thursday.
Top Post-Market Nasdaq Movers (Amyris, Theravance, KiOR, Mitcham, TechTarget, Cross Country Healthcare, Warner Chilcott, SeaChange, Conn's, ZAGG)
The top after-market Nasdaq gainers Wednesday were Amyris Inc, Theravance Inc, KiOR Inc, Mitcham Industries Inc and TechTarget Inc. The top after-market Nasdaq losers were Cross Country Healthcare Inc, Warner Chilcott plc, SeaChange International Inc, Conn's and ZAGG Inc.
A new report from Citigroup says that Saudi Arabia, the world's eighth-largest exporter of oil, could become an oil importer by 2030.
You don’t have to be a genius to determine that in a world of petabytes of data, projected 2012 sales of 367.2 million PCs, 107.4 million tablets and 650 million smartphones, a few smart companies are going to prosper: HP (NYSE: HPQ), IBM (NYSE: IBM), Oracle (Nasdaq: ORCL) and EMC.(NYSE: EMC).
Can Richard Schulze, the 71-year-old founding CEO of Best Buy Co. (NYSE: BBY) put his money where his mouth is? Can he fork up billions from private eqiuity behemoths like KKR (NYSE: KKR)?
Citigroup Inc agreed to pay $590 million to settle a shareholder lawsuit accusing it of hiding tens of billions of dollars of toxic mortgage assets, one of the largest settlements stemming from the global financial crisis.
Bank of America Corp. (BAC) discontinued credit protection services to customers as it came under scanner for allegations of customer enrollments through improper practices and charging customers without consent. A class action suit is reportedly pending against BAC on the issue.
Bankrupt imaging giant Eastman Kodak Co. (Pink: EKDKQ) said it may call off its auction of 1,100 patents that was scheduled to conclude Monday. In a statement late Thursday, Kodak said it “has not reached a determination or agreement to sell the digital imaging portfolio.”
Shares of Cisco Systems Inc. (Nasdaq: CSCO), the No. 1 provider of Internet gear, soared more than 8 percent Thursday after reporting fourth-quarter net income that beat analyst estimates by a penny and as boosting its dividend 75 percent to 14 cents a share.
Deutsche Bank, Barclays, JPMorgan Chase, RBS, HSBC, UBS and Citigroup have all received subpoenas, related to the joint New York-Connecticut investigation of possible manipulation of the London Interbank Offered Rate (Libor)
Pre-Market Movers (Banco Santander, Mellanox Technologies, Agrium, Pizza Inn, Newmont Mining, Citigroup, Caterpillar, Groupon)
Banco Santander S.A., Mellanox Technologies Ltd, Agrium Inc, Pizza Inn Inc, Newmont Mining Corp, Citigroup Inc, Caterpillar Inc and Groupon Inc are among the companies whose shares are moving in pre-market trading Tuesday.
U.S. regulators directed five of the country's biggest banks, including Bank of America Corp and Goldman Sachs Group Inc, to develop plans for staving off collapse if they faced serious problems, emphasizing that the banks could not count on government help.
Moody's analytics cut India's growth forecast to 5.5 percent for this year, citing the policy inaction from the government and the Reserve Bank of India's decision to keep key rates unchanged, despite an economic slowdown.