Ally Financial's ResCap mortgage unit filed for a prepackaged bankruptcy protection Monday, a move that the taxpayer-owned bank says will allow it to take another step to repay Treasury.... More

U.S. stocks could be hurt by new worries about European stability Monday.... More

This piece appears in the June issue of Money Magazine and was written before JPMorgan Chase revealed a surprise $2 billion trading loss. Data in the story has been updated to reflect stock prices as of May 11.... More

After staying quiet at the start of the year, the bears have come roaring back with a vengeance.... More

Wall Street's risk appetite is back, and the bets are as big as ever.... More

Yahoo CEO Scott Thompson is out after it was found he padded his resume with an embellished college degree, ending his term at the company after just four months.... More

Yahoo CEO Scott Thompson will soon leave the company after it was found he padded his resume with an embellished college degree, two news reports said Sunday.... More

What's the market watching next week? Well there's this social network called Facebook that was started in a Harvard dorm room. Ahead of what's expected to be the biggest technology IPO ever, Facebook's executive team is planning to ring the Nasdaq's opening bell Friday morning.... More

China's central bank took further action Saturday to stimulate its economy.... More

Wall Street reform has not been a huge topic on the campaign trail thus far, largely because every Republican candidate agreed that the financial regulations enshrined in Dodd-Frank should be repealed.... More