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  • The value of those loans will have to be written down even further, and bank profits are going to take a hit, the credit agency Moody's said in a report issued Friday. The loans on the balance sheets of the biggest banks on Wall Street— JPMorgan Chase, Goldman Sachs, Citigroup, Morgan Stanley, Wells Fargo and Bank of America— represent only a small percentage of these...

  • WASHINGTON— Consider looking past January's so-so job growth. At first glance, Friday's government report on U.S. hiring was a downer— 151,000 added jobs, well below the pace of the previous few months. "The January report is a solid report in disguise," said Douglas Holtz-Eakin, a former director of the Congressional Budget Office and president of the conservative...

  • AP FACT CHECK: Clinton, Sanders missteps Friday, 5 Feb 2016 | 3:09 AM ET

    WASHINGTON— Hillary Clinton cast the financial industry as an adversary in her presidential campaign— despite the money that industry has poured into her White House effort. CLINTON on Wall Street: "They are trying to beat me in this primary." THE FACTS: Wall Street is not the anti-Clinton monolith she implied.

  • WASHINGTON— U.S. manufacturing is shrinking, corporate profits are declining and goods are piling up on warehouse shelves. Those trends have elevated concern that a U.S. recession may loom in the next year or two. Economists at Bank of America Merrill Lynch have put the odds of a recession within the next 12 months at 20 percent.

  • AP FACT CHECK: Dems in New Hampshire Thursday, 4 Feb 2016 | 10:21 PM ET

    WASHINGTON— Hillary Clinton cast the financial industry as an adversary in her presidential campaign— despite the money that industry has poured into her White House effort. CLINTON on Wall Street: "They are trying to beat me in this primary." THE FACTS: Wall Street is not the anti-Clinton monolith she implied.

  • NEW YORK— Stocks staged a rapid comeback in late-afternoon trading to close solidly higher Wednesday, helped by a surge in the price of oil and a decline in the U.S. dollar. Chipotle Mexican Grill fell as the company said a federal investigation into its E. coli outbreak had widened, and Yahoo sank as the troubled Internet company announced layoffs and plans to sell...

  • This bank is most immune to falling oil prices Tuesday, 2 Feb 2016 | 1:29 PM ET
    The Morgan Stanley digital sign is seen at the company's Times Square headquarters in New York, U.S., on Friday, Jan. 12, 2016.

    One Wall Street analyst is bullish on Morgan Stanley stock, despite the shares' underperformance in 2016.

  • Oil has fallen from $107 to around $30 in the past 19 months. Furious production by the U.S. and OPEC led to an oversupply. In a recent research note, Goldman Sachs predicted "the path to a rebalanced market will be protracted and arduous."

  • NEW YORK— Another steep drop in the price of oil weighed on global markets Tuesday. Energy stocks fell as oil giants Exxon Mobil and Chevron reported their worst quarterly results in more than a decade. On Monday, the Institute for Supply Management said its gauge of factory activity pointed to a contraction while China's official survey found that...

  • A big risk that could derail Facebook's growth Monday, 1 Feb 2016 | 8:34 AM ET
    A woman checks the Facebook Inc. site on her smartphone whilst standing against an illuminated wall bearing the Facebook Inc. logo

    Tomorrow new EU privacy rules to protect the data of Europeans may be unveiled. The crackdown could cost Internet giants millions.

  • Big banks are mobilizing to your smartphone Friday, 29 Jan 2016 | 12:00 AM ET
    Mobile banking app showing savings account balance

    Major banks are increasing app functionality as a surge of fintech competitors targets Wall Street.

  • Your first trade for Friday Thursday, 28 Jan 2016 | 6:25 PM ET

    The "Fast Money" traders give their final trades of the day as January winds down.

  • Busiest earnings day, oil drive Wall Street action Thursday, 28 Jan 2016 | 7:26 AM ET
    Traders work on the floor of the New York Stock Exchange.

    U.S. stock futures were under some pressure this morning, after Wednesday's Fed-induced decline.

  • Bank of America is going big on blockchain Thursday, 28 Jan 2016 | 4:00 AM ET

    Bank of America is trying to steal a march on the latest developments in blockchain by loading up on patents for the technology.

  • This bank stock is about to rally: Trader Thursday, 28 Jan 2016 | 12:00 AM ET
    Traders work on the floor of the New York Stock Exchange.

    Beaten down Bank of America could be about to rally, Fast Money Trader Steve Grasso says.

  • Your first trade for Thursday Wednesday, 27 Jan 2016 | 6:32 PM ET

    The "Fast Money" traders give their final trades of the day.

  • BofA entering the cardless ATM competition Wednesday, 27 Jan 2016 | 11:56 AM ET
    People use a Bank of America automated teller machine in Washington.

    Bank of America is the latest U.S. consumer bank to push for smartphone technology in place of plastic cards.

  • Legg Mason CEO: No recession coming—here's why Wednesday, 27 Jan 2016 | 9:44 AM ET
    Joe Sullivan, chairman and CEO of Legg Mason.

    Excluding the oil patch, Joe Sullivan tells CNBC that "everything feels anything but a recession, anything but negative."

  • Your first trade for Wednesday Tuesday, 26 Jan 2016 | 6:22 PM ET

    The "Fast Money" traders give their final trades of the day.

  • $11 trillion China contagion could blow up markets Tuesday, 26 Jan 2016 | 9:35 AM ET
    The People's Bank of China headquarters, in Beijing's financial district

    Is a banking crisis brewing in this Asian nation's giant economy? Moody's studied the problem to see how it could affect U.S. institutions.