Following huge losses for the Dow on Monday and further selling in Asia overnight, the markets are watching what the Fed and Ben Bernanke will do at their July Meeting today. Speculation is mounting that the Fed will attempt to restore calm but one fund manager thinks that policy action is unnecessary.
As markets braced themselves for another turbulent day Tuesday, one economist warned that the real danger of a double-dip recession is protectionism.
Marc Faber, who predicted just last week that a bear market was on its way back, says the current selloff in equities is overdone and he expects a short-term rebound.
Stocks closed at their lowest levels in ten months, with Mad Money host Jim Cramer.
Discussing what the downgrade of US debt by S&P means for the muni market, with Alexandra Lebenthal, Lebenthal & Co. presdident & CEO.
During a period like this, with stocks plunging almost on a daily basis, it’s clear that fear and shock are ruling the roost. But fear can be overdone. As someone who has been around awhile and has seen many sell-offs, let me offer some advice: Do not panic. Market corrections come and go. They are not the end of the world. Most times they are actually healthy.
Defending the credit agency's decision to downgrade U.S. debt, with Deven Sharma, Standard & Poor's president.
Ben cut interest rates to zero, devised a zillion bowls of "alphabet soup" rescue programs as the Wall Street Journal put it, and bought every bond put out for bid and ballooned the Fed's balance sheet by trillions. Maybe it saved us from disaster, but we haven't seen the growth expected.
S&P is worried about "what you're going to get in terms of the payback is going to worth a lot less, Gundlach said. "But that is not their job."
Even as Standard & Poor's continued to issue ratings downgrades in the wake of its downgrade of the US, rival ratings agency Moody's reaffirmed the country's AAA status.
Now that Standard & Poor's has done the unthinkable, you need to know who might take the next ratings hit. Here's the list, and how to trade it.
Why isn’t the price of U.S. Treasurys falling after the S&P downgrade; why are equities under pressure; and why is gold surging? Developments in Treasurys appear, at first sight, the most puzzling.
I hate to say it, but Nancy was right! I try to be apolitical. I think I succeed most of the time. Trashing both parties more or less equally allows me to stay balanced. So in that continuing effort to stay bland and uninteresting, I have to give mention to Nancy Pelosi who said a few weeks ago it might take a decline of hundreds of points in the market to get the Republicans attention.
President Obama speaks out on the downgrade of U.S. debt, saying our problems do not stem from a lack of confidence in our credit, but rather our challenge is to control our deficits over the long term.
Standard & Poor's has lowered its outlook on Berkshire Hathaway's debt from "stable" to "negative" but the revision isn't due to something Warren Buffett did or didn't do.
The Fast Money traders weigh in on Bank of America; trade the downgrade, and wait on a possible downgrade from Moody's and Fitch, with Vincent Truglia, Granite Springs Asset Management.
Insight into Europe's intractable financial problems and whether the bailout will cost Germany and France their AAA rating, with Kyle Bass.
CNBC's Mary Thompson has a market check and John Harwood has the details on Treasury Secretary Geithner's position on the economy.
Standard & Poor’s went ahead with its downgrade of the United States' long-term credit rating.
The downgrade of U.S. sovereign debt by Standard & Poor's has provoked a range of reaction, from faith in the democratic process to derision about the politicians whose wrangling prompted S&P's action. S&P hasn't been immune from criticism either.