Most big U.S. banks are reporting earnings this week. On Tuesday, Goldman Sachs said it lost money in the third quarter amid declining revenues and markdowns on its investments. Bank of America showed improved results, but it lost the biggest bank title to J.P. Morgan Chase.
As Republican presidential candidates gird for their eighth debate, this one in Las Vegas, Nev., Tuesday evening, a central question is: how will the Herman Cain phenomenon shape the event?
With the one-time pizza company CEO near or at the top of the GOP field depending on which poll you consult, he's likely to draw more attention from the other candidates at the debate than was true in any of their previous meetings. The two-hour debate will be carried by CNN at 8 pm ET.