Caught in a tug of war between the opposing policy modes of a tightening U.S. Fed and an easing European Central Bank, yields have taken dramatic turns.» Read More
The government’s latest effort to unfreeze credit markets may have some success, but it still raises questions about the overall US strategy in the financial crisis.
The government is working on a new loan program to help companies that issue credit cards, make student loans and finance car purchases, people familiar with the plan said Tuesday.
Cramer spoke with Eric Schmidt, the CEO of Google who is part of Obama’s transition economic advisory board about this new team and what they’ll do.
Prices have fallen so far, so fast., and it seems that everyone has become as gloomy as Jim was when he made those sell calls.
Do you want to know why the stock market was up 396 points today (this on top of Friday's 494 point rally)? Cramer says it's simple.
The bailout of Citigroup may have resolved that bank's problem with toxic mortgage debt. But the rest of the banking industry is still struggling with an estimated $2 trillion of such debt.
There's one specific decision, Cramer believes, that President-elect Obama can make that would have immediate positive effects and "restore stability and credibility to our stock market" -- without costing a dime! It could even stop the "endless incredible pummeling of stocks." What's this miracle move, you ask? Simple: he should replace SEC Chairman Chris Cox.
With the market appearing to pop right after the news of Timothy Geithner taking over for Hank Paulson as Treasury Secretary in the upcoming Obama administration, what exactly does the market like about the pick.