Summer associates on Wall Street are no doubt learning a lesson this week about how to think like a trader when the world is on fire.» Read More
While the recent surge is encouraging, it's too soon to be talking about a market bottom, Pimco co-CEO Mohamed El-Erian said Monday.
For pure "car lovers", the re-birth of the Chevy Camaro is like an early Christmas gift. A modern day muscle car (base sticker $22,995) built for people who live for the thrill of the drive. But...
Global stocks rose again Monday, for the fifth consecutive session, lifted by hopes that the U.S. economic downturn may be bottoming out and with investors seeking to take advantage of cheaper stocks.
President Barack Obama and his economic team are taking a cheerier tone while making billions in federal loans available to the nation's struggling small businesses.
Despite last week’s four-day rally in the U.S. stock markets, the Dow, S&P and Nasdaq Composite are lingering in negative territory for the year as the three major indices are currently down 17.7%, 16.2% and 9.3% respectively as of Friday the 13th close. Investors who may be more risk averse can find some comfort in metals Exchange-Traded Funds as precious metal futures serve as safe-haven plays.
Stocks went four for four Friday in a dramatic win that delivered stocks their best week since November.
When a stock trades down around $2.50 a share it's dangerous to make too much out of a dramatic move up or down.
Stocks opened slightly higher Friday amid some much-needed good news from banks.
President Barack Obama said Thursday the true status of bank balance sheets was not known, and he would act decisively to make sure major banks have enough money to operate.
As we get underway in the US, I have to think back to last week when US President Barack Obama told us all to go long equities. "Buying stocks is potentially a good deal if you have a long term perspective on it."
Futures pointed to a fourth straight session of gains Friday amid some much-needed good news from banks.
Friday the 13th appeared lucky for global stocks as they traded in the green for a fourth consecutive day, boosted by reassuring news out of the financial sector that both Citigroup and Bank of America are well capitalized. Experts tell CNBC that the current rally may last a little longer.
Fed chairman Ben Bernanke's taped interview with CBS' 60 Minutes, scheduled for Sunday, is unusual not only because it's the first television interview with a Fed chairman in 20 years. It also appears to violate the Fed's blackout practice, in which members of the Federal Open Market Committee are usually silent most of the week before and after an FOMC meeting.
While a modest bump in retail sales and a bit more confidence in the banking system do not a bottom make, this week's events have finally given the bulls something to talk about.
Thursday: Confessed mega-swindler Bernie Madoff pleaded guilty to fraud. Warren Buffett slipped from the "World's Richest Billionaire" slot. Apple flew in the face of grim retail prognostication and said it'd preview new iPhone software next week. It was reported that U.S. mortgage rates slipped last week; and Standard & Poor's downgraded General Electric* from its triple-A rating to AA-plus -- but GE's shares soared on a better-than-expected outlook. CNBC heard from experts who warned that AIG is a "boil" that "needs to be lanced" and called a market bottom — of sorts.
Stocks bounced back after a rocky start Thursday as oil prices rebounded and investors were cheered by a better-than-expected retail-sales.
President Barack Obama's ambitious new budget faced bipartisan skepticism Thursday as key senators questioned the administration's long-term budget outlook and the deficits it envisions rising in the middle of the next decade.
My wife has stopped reading the Saturday paper. She got this idea from Dr. Andrew Weil, who suggests taking a regular break from the drumbeat of bad news.
Today, General Motors announced it no longer needs a $2 Billion dollar loan from the Treasury Department this month.
Schwarzenegger has come to personify what many in the domestic auto industry can't stand. He is unabashed in his belief auto makers can and should make cleaner, more fuel efficient vehicles.
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