China's monetary stimulus measures and currency depreciation could trigger a wave of deleveraging across cross-border carry trades, warns Josh Klaczek, head of Asia financial services equity research at J.P. Morgan.» Read More
Senate Banking Chairman Christopher Dodd told CNBC he believes the Federal Reserve was lax in its responsibilities by not preventing the surge of subprime mortgage loans. Dodd also said he will meet with Fed Chairman Ben Bernanke and Treasury Secretary Henry Paulson on Tuesday morning.
Beneath a fairly quiet August day with unexceptional volume, the markets continued to reveal an underlying nervousness.
Thornburg Mortgage's president Larry Goldstone told CNBC Monday that there is still a crisis of investor confidence in the mortgage market but that the residential mortgage lender expects to be profitable.
Wall Street is set for a higher open after world stock markets rebounded in a Fed-inspired relief rally. Tokyo stocks were up 3%, the biggest gain in more than a year, in its first trading day since the Fed move. European stock markets, up sharply Friday, continue to rise this morning.
Global investors will likely remain wary this week as uncertainty about the credit crisis persists, even after the U.S. Federal Reserve in a rare move on Friday slashed the rate it charges banks on loans and encouraged more borrowing.
Cramer was right: In order to save the market from a devastating credit crunch, Bernanke and company had to cut the discount rate. Today, that is what happened.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.
Presidential candidate Sen. John McCain (R-Ariz.) joined CNBC's Larry Kudlow on "Kudlow & Co." to discuss the economic strategy he would pursue if he were elected America's commander-in-chief in 2008.
One question about market turbulence that I'll be watching is its effect on the 2008 presidential race. It's not clear the disruptions will prove long lasting, much less lead to an economic recession. If it proves a short-term blip, the effects will be negligible.
Stocks closed the week lower as credit market concerns had investors running for safety but a reversal of misfortune late in the week cut losses significantly.
An extraordinary number of rumors are floating around this afternoon...this time about additional actions the Fed may take late today or over the weekend.
The Federal Reserve approved a half-percentage point cut in its discount rate on loans to banks Friday, a dramatic move designed to stabilize financial markets roiled by a widening credit crisis.
The U.S. Federal Reserve Friday it cut by a half point the primary discount rate, which governs direct loans from the Fed to banks.
The U.S. Federal Reserve said on Friday it added $6 billion of temporary reserves to the banking system through 3-day repurchase agreements.
The following is the text of two statements issued by the U.S. Federal Reserve on Friday: "Financial market conditions have deteriorated, and tighter credit conditions and increased uncertainty have the potential to restrain economic growth going forward."
Countrywide Financial provided further details on the $11.5 billion it drew down to improve its liquidity, a Friday regulatory filing showed.
Two things have happened recently that made me realize we are at the "tipping point" of environmental awareness. One is that my company began implementing some green initiatives - a company whose rubbish bins were often filled with styrofoam cups and lunch boxes and where dozens of television and computer monitors used to hum ceaselessly overnight. The other is that Live Earth was a total flop audience-wise. Not because people were unaware of the need to protect the environment, but because everyone, including people like me, had already heard enough about it. Eighteen years after Time magazine put "Endangered Earth" on its cover, yeah, we do finally get it.
Australia's central bank said on Friday it had intervened in foreign exchange markets overnight in an effort to restore some liquidity to the market for the Australian dollar.
Keep an eye on big commercial banks like Citi, JP Morgan and Bank of America: They have extensive retail banking operations and are far more diversified and better at laying off risk (often to foreign banks) than the investment banks
A few hours after that sad alert went up on First Magnus Financial's home page, I received a note from a mortgage broker crony of mine. He forwarded me a note from a local First Magnus contact of his.
Countrywide is no longer a short, but Cramer doesn't recommend touching the common stock yet. Plus, the absurdity of Annaly Capital being down.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.