The compromise emerging on winding down mortgage giants Fannie Mae and Freddie Mac is a "Goldilocks deal," Sen. Bob Corker tells CNBC.» Read More
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.
That's not Wall Street! Here's the headline of the day: California might need emergency loan of $7 billion--unable to access routine short-term loans.
The revised bailout bill being debated by the House not only provides $700 billion for rescuing financial markets but extends billions more in tax breaks for renewable energy, businesses and middle class workers
We always listen to Art Cashin when he speaks about how the stock market might handle a given news event. His many years on the floor of the New York Stock Exchange have given him an invaluable level of insight.
The Association of Financial Professionals (AFP) has released a report detailing how finance executives have taken defensive measures to deal with the credit crunch. (AFP is a membership organization that serves more than 16k corporate treasury and finance executives.)
Futures pointed to a higher open on Wall Street Friday after the September employment report showed payrolls were cut more than expected, something that is likely to ratchet up pressure on the House to pass the bailout bill when it votes later today.
The House's vote Friday on the $700 billion financial bail out package hangs over a market increasingly worried the credit crunch is stalling the economy.
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