Wall Street

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Wall Street has a clear message for CEOs: start spending all that cash. Nearly three-quarters of financial industry professionals think companies have “too much cash” or “way too much cash” rotting in the bank, according to the Convergex Corporate Cash Survey obtained Tuesday by CNBC.com. The technology sector was singled out as the most in …

Nasdaq’s secret surveillance room

Ever wonder how suspicious trades are detected? We’ll take you inside the Nasdaq’s secret surveillance room.

Scott Mlyn | CNBC
Pimco headquarters in Newport Beach, Calif.

Pimco said Friday that Paul McCulley has stepped down as chief economist and as a managing director, a role he had assumed in May at the request of Bill Gross, who was the investment firm’s chief investment officer at the time. The move comes just 10 days after Pacific Investment Management Co hired former Morgan …

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Traders work the floor of the New York Stock Exchange.

We’ve seen a notable breakout, but still no signs of profit taking. It’s been one heck of a month for equities. Not only do we have historic highs in the S&P 500, S&P Midcap, and Russell 2000, but every major index is up 5 percent or so. Major Indices in February: NASDAQ: up 5.7 percent …

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Wall Street has become quite familiar by now with cloud computing. The model of delivering services over the Web has gained so much momentum that public market investors, who traditionally parked their tech dollars with Microsoft, IBM, Oracle and Cisco, have dozens of new stocks to choose from if they want growth. But despite the …

Spies on Wall Street?

Eamon Javers sat down with the Assistant Attorney General for National Security, John Carlin, to discuss how foreign spies could be gathering information about Wall Street.

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Standard & Poor’s will pay more than $58 million to settle charges of fraudulent misconduct in rating mortgage bonds, the U.S. Securities and Exchange Commission said on Wednesday. S&P will also pay $19 million to settle cases filed by attorneys general in New York and Massachusetts. The SEC case relates to the ratings on certain …

What Wall Street wants from Congress

As the new Congress is sworn in, Wall Street has a list of things it wants lawmakers to get done.

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Renaud Laplanche, co-founder and chief executive officer of LendingClub.

We are heading into the end of the year, and this week we will see a spate of IPOs get pushed through the door. On Wednesday night, LendingClub, the largest peer-to-peer lending service, is seeking to price 57.7 million shares at $12 to $14 a share, which is up from $10 to $12 just two …

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As energy prices have been hammered in recent weeks, some of Wall Street’s biggest players are nonetheless ready to write billion-dollar checks to finance a nearly $16 billion Gulf Coast natural-gas project for Cheniere Energy, according to documents and people familiar with the matter. The commitments could put banks including JPMorgan Chase, Goldman Sachs, and Morgan Stanley …

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Barclays became the first big Wall Street firm to upgrade a major oil stock in the wake of the crash in prices, a tentative sign that there may finally be some value in the energy patch following a slaughter in the sector’s shares. Barclays upgraded BP to “overweight” and called for the company to slash …

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December is traditionally a strong month, but as we begin we are getting: 1) more weak data from China, with PMI down to 50.3, the lowest reading since March. Many big material names like BHP Billiton were down big last week—about 10 percent—on concerns China’s growth is slowing. 2) more weak data from Europe, with …

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Two of the great darlings of momentum traders are reporting good earnings, but with sales growth slowing, they are getting hurt. Momentum trading is a fiscal business. Traders want revenue growth, preferably growth of at least 20 percent, but 30 percent or 40 percent is better. When earnings growth decelerates, it can be difficult. Look …

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Yesterday, the Fed upgraded its outlook for the U.S. economy and said it could hike rates sooner, depending on how closely the economic data improves. That’s why everyone was watching today’s first look at Q3 GDP. The headline number was stronger than expected at 3.5 percent. But below the hood, business and real estate investment …

Fed-fueled rally

Stocks jump as the Federal Reserve begins its two-day meeting. What do top economists think the Central Bank will do next?