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Federal officials assured Mitsubishi UFJ Financial Group that its planned investment in embattled Morgan Stanley would be protected, the New York Times reports.
Leaders on both sides of the Atlantic make bold promises to rescue the global financial system, but are still racing to work out the details to calm battered stock markets, the New York Times reports.
A government investigation has found the Securities and Exchange Commission failed to administer its statutory obligation in an investigation of mortgage-backed securities at Bear Stearns, according to a report obtained by CNBC.
Like a married man being interrogated by his wife about an alleged extramarital affair, Lehman Brothers CEO Dick Fuld sat in front of the House Committee on Oversight and Government Reform on Monday for nearly two hours.
It may be that this is part of the final blow out, the last exhausting painful blast of selling where the stock market finally bangs down on what we later point to as the bottom.
When Senator Barack Obama began speaking about the economy on Wednesday, it sounded, at first, as if ghastly news was coming.
The Treasury Department is considering taking ownership stakes in some banks to try to restore confidence in the financial system, the New York Times reports.
Watch for more triple-digit market moves Thursday. Stocks could just as easily be up as down if you look at Wednesday's action. Even after major central banks joined the Fed in an unprecedented global rate cut, stocks ended lower after a volatile 400 point swing in the Dow.
The credit crunch and the Wall Street crisis are hitting smaller cities across the country, but none is as close to the action as Jersey City, N.J.
Warren Buffett's name was mentioned during last night's debate by both John McCain and Barack Obama as a potential Treasury Secretary, but it seems extremely unlikely Buffett would ever give up Berkshire Hathaway and Omaha and relocate to Washington.
No buyers showed up on Wall Street this week. It sounds like a simplistic excuse, but traders say they don't see real buyers, and that's why the stock market spirals lower and lower.
The stock market is no longer like a falling knife. It's become a whole drawer full of flying cutlery.
Governments around the world tried to contain the fast-spreading credit crisis, but stock, bond and commodity markets saw investors bet on a sharp downturn.
In a live telephone interview today (Friday) on CNBC, Warren Buffett reacted to the House of Representative's approval of a financial rescue package. He also revealed the two domestic stocks that he personally owns, as opposed to the many stocks owned by his holding company, Berkshire Hathaway. This is a complete transcript of that conversation.
The stumbling economy and the specter of a rough earnings season will pressure stocks in the week ahead.
Wall Street capped its worst week in seven years with a late day selloff as traders briefly celebrated the House's approval of the Wall Street bailout, then yanked their positions ahead of the weekend.
Stocks didn't even get a short-term boost from Friday's approval of a financial bailout, and the longer-term outlook isn't any better.
As the House gave a thumbs up to the bailout bill on Friday afternoon, CNBC asked the market experts for their thoughts.
Stocks hovered around the flat line Friday afternoon after the House approved the revised $700 bailout bill for Wall Street. Apple shares recovered as did shares of Hartford and other insurers.
Stocks rallied Friday as investors pinned their hopes on the House passing the bailout bill today. Apple shares recovered after the company denied a rumor about Jobs' health.