Stocks are poised to move higher today after yesterday's bloodbath. [CNN]
Goldman Sachs may report a loss of as much as $5 billion this quarter, the firm's first quarterly loss since it went public in 1999. [WSJ]
Credit Suisse and HSBC have announced another round of job cuts. [Reuters]
Highbridge Capital, founded by Glenn Dubin and Henry Swieca and owned by JPMorgan, is the latest hedge to suffer a fall. More than a third of its investors are looking to withdraw cash and the flagship fund is down 25%. [WSJ]
One hedge funder doing fine: John Paulson. His firm has already cleared profits of more than $1 billion this year betting that the housing market would crumble and banks would fail. [Bloomberg]
What does the head of a new Congressional panel set up to monitor the bailout have to say about Hank Paulson's strategy? That it does appear Paulson has a strategy. [NYT]