CNBC's Rick Santelli discusses the latest action in the bond market, including compression in the 10-year Treasury, and a look at the U.S. dollar.» Read More
Sovereign fund Korea Development Bank confirms it is talks with Lehman Brothers about acquiring a stake and Fitch cuts it ratings on preferred shares of Fannie Mae and Freddie Mac over concerns about their access to capital.
False optimism wars with bad omens. Lehman Brothers gained 5 percent following news that Ospraie Fund, a commodities fund in which Lehman had a 20 percent stake, was closing and would return money to investors after incurring big losses in 2008. The dollar hit an 11-month high against the euro, as belief spread that the credit crunch tsunami would turn on Europe—and that the U.S. had already weathered the worst.
New documents show Federal Reserve policymakers had greater confidence in August that the recession was ending and felt comfortable slowing the pace of one of its economic revival programs.
A sophisticated identity theft ring that counted Federal Reserve Chairman Ben Bernanke's wife among its victims didn't stop at stealing money electronically. Authorities say it also sent a woman wearing a variety of wigs into bank branches to drain their accounts in person.
Commercial loans are likely to be the biggest drivers of future bank failure, Sheila Bair, Chairman of Federal Deposits Insurance Corporation, told CNBC Tuesday.
Since it’s the anniversary of “Very Bad Things Happening Quickly”, I thought I’d point out a few: Lehman, Fannie Mae, Freddie Mac, AIG, and Primary Reserve Fund. This is the time when the Federal Reserve and the US Treasury decided to break the glass and get out the axe for the financial fire that was engulfing the world.
Nearly a year after the federal rescue of the nation’s biggest banks, taxpayers have begun seeing profits from the hundreds of billions of dollars in aid, the New York Times reports.
Fed Chairman Ben Bernanke is one of hundreds of victims of an identity-fraud ring, according to Newsweek magazine.
Stocks ended flat Wednesday as investors shrugged off solid demand from today's five-year Treasury auction and some encouraging economic reports.
Stocks were flat Wednesday as investors shrugged off solid demand from today's five-year Treasury auction and some encouraging economic reports.
Orders for durable goods rose last month by the largest amount in two years, but the rise was mainly fueled by the volatile transportation sector.
Federal Reserve Chairman Ben Bernanke faces a slew of challenges in his second term that will determine whether the US rebounds strongly from recession, Pimco's Mohamed El-Erian told CNBC.
Stocks rebounded Wednesday after a sharp jump in new-home sales.
Stock index futures extended losses after an initial uptick as data showed June orders for durable goods, excluding transportation, rose less than forecast despite overall orders posting their largest advance since July 2007.
Ben Bernanke’s reappointment as Federal Reserve chairman is a sign of stability to the markets, said Bryan Place, president of Place Financial Advisors.
On Tuesday President Obama announced plans to keep Federal Reserve Chairman Ben Bernanke in his job for another term. How should that impact your trading?
Stocks touched 2009 highs while oil made an intra-day reversal. Are these signs the market has topped out?
The Dow rose for a sixth straight session Tuesday as stocks got a boost from an encouraging report on home prices and an unexpected jump in consumer confidence.
Wall Street may be behind the nomination of Fed Chairman Ben Bernanke for a second term, but he is likely to face plenty of criticism at his Senate confirmation hearing.
Is Tuesday's rally a bet on fundamental growth or a case of panic buying?