Cash-strapped banks took the Federal Reserve up on its offer of $20 billion in short-term loans to help them overcome credit problems, but the interest rate wasn't as low as some had hoped.
Stocks staged a mini comeback Tuesday after a day that saw indexes seesaw on both sides of the unchanged line. The market once more fretted over the financial sector and could do the same on Wednesday.
I realize this was a momentous occasion, being allowed to sit in on a meeting of the Federal Reserve board of governors and watch as they considered a proposal critical to the future of the mortgage market. I guess I just expected more. The room is austere, the governors impressive, the staff remarkable, but the meeting was unremarkable.
Housing starts and earnings from Goldman Sachs and Best Buy are among the headlines the stock market will care about ahead of Tuesday's open.
Time for the year end predictions, and I'll predict I stand by each one. Well, maybe not each one, but who knows, I might be right on at least number seven.
Let the market set interest rates, not the Federal Reserve, the Republican presidential hopeful says.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
As we enter the final stretch of 2007, the stock market may temporarily lose some of its violent mood swings and secure gains for the month and the year.
Consumer inflation data is big on Friday's agenda after Thursday's producer prices showed wholesale level inflation surging at the fastest rate in 34 years.
Everybody seems to have an opinion on the Federal Reserve's plan to ease the global credit crunch. Here's what some CNBC guests were saying Thursday.
“The stock market gets weaker for the rest of the year, oil goes to $100 and Bernanke should quit.” That’s what one of the Street’s most esteemed investors told us on Wednesday’s show. Find out who said it and why?
Lehman Bros.' fourth-quarter earnings report, producer price inflation data and November retail sales will be factors setting direction for Thursday's markets.
Central banks banded together to make it easier for stressed banks to borrow money in a credit crunch that threatens to knock the U.S. economy into recession.
Major central banks, including the Federal Reserve and the European Central Bank, acted in unison Wednesday in unveiling plans to provide liquidity to the banking system, where funds covering a longer span of time have become scant.
The Federal Reserve's plan to ease the global credit crunch has been in the works for a while and will be more effective than cutting interest rates, a senior Fed official said.
Uncertainty and housing. Those are the key words in forecasts of the US economy in 2008. And just how bad the economy performs depends mostly on the depth and duration of the housing recession and the great unknowns of the credit crunch.
The U.S. Federal Reserve on Wednesday announced with other major central banks measures to alleviate upward pressure in interbank markets as financial sector troubles have made it more difficult for banks to raise funds. Following are some major steps the Fed has taken to provide funding to the banking system.
The text of the Federal Reserve's statement on adding additional liquidity into money markets released Dec. 12.
The Federal Reserve cut interest rates a modest quarter point, disappointing Wall Street, which had hoped for more-aggressive action.
Wall Street's post Fed selloff could spill into Wednesday morning as the Street continues to debate why the Fed didn't deliver more interest rate relief, particularly when it's becoming increasingly glum on the economy.
Warren Buffett did a taped interview in San Francisco with CNBC's Becky Quick last night. Buffett is in that city for today's fund-raiser on behalf of Senator Hillary Clinton's presidential bid. Becky showed some excerpts from her taped chat on Squawk Box earlier today. In this clip, she asks for Buffett's thoughts on today's upcoming Federal Reserve decision on interest rates.