financial markets

Fiscal Cliff Deal Sets the Stage for Market Turmoil

When the fiscal cliff deal finally passed, the Dow Jones industrial average surged. But that doesn't mean the volatility is over. In fact, there could be more turmoil in the market soon because decisions on cutting the federal budget deficit have been put off until March, when the government will reach its borrowing limit.

5 Things to Watch When the Market Reopens

The financial markets are closed for the Christmas holiday, but when trading resumes on Wednesday, here's what's likely to help shape the rest of the week on Wall Street.

Wall Street Firms' 2010 Profits May Fall 69% From a Year Earlier

Wall Street firms' collective 2010 profits may fall 69% from a year earlier on less activity in the securities industries, more financial regulation, and fewer gains from Federal government bailouts, according to a New York State Comptroller report. Nevertheless, 2010 profits still may be the fourth-highest on record.

A Second Financial Crisis: More Likely Than You Think

Financial Times editor and author John Authers says moral hazard, easy money and self-interested fund managers are still at work undermining the stability of financial markets that most investors still take for granted.