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Sterling has taken a beating against many currencies recently, most notably versus the dollar, where it fell to a 23-year low of $1.35 last week.
More bad earnings news and dismal economic reports could steamroll stocks in the week ahead, but the market may gain some traction if it appears the Obama Administration is making progress with programs to help the economy.
For a month, the few bulls have argued that government efforts to flood the world with liquidity will eventually reflate the world economy.
Doug Kass, the short seller who came out ahead by betting against Berkshire Hathaway last year, has some new criticism of Warren Buffett and his investment style. "In 2008 and (so far) 2009, The Oracle of Omaha has been wrong; it has paid to bet against America."
Certified financial planner Bill Losey says they make for a low-risk addition to your portfolio.
Thank heavens, we are almost finished with earnings from financial companies, and starting Monday we will see earnings from many industrials and energy companies.
There are a number of reasons why it would be a bad idea to plan on getting any inheritance from your older relatives, the New York Times reports.
Europe is weaker after the U.K. reported its second straight quarterly decline in GDP (1.5 percent), the weakest quarter since 1980.
Citigroup shares could slump toward their 1992 low of around $1.90 as selling pressure for the beleaguered Wall Street giant remains strong, Royce Tostrams, technical analyst at Tostrams Groep, told CNBC Friday.
As dominant global stock markets continued to decline Friday, are emerging markets better places for investors to put their money? Experts interviewed on CNBC believe so.
Global stocks ended the week lower Friday on heightened economic fears. The dollar and government bonds gained as investors parked their money in safe havens.
The stock market, easily swayed by earnings news, has its sights set on General Electric Friday. GE releases its earnings and plans a conference call with analysts ahead of the market open.
Warren Buffett sat down recently for a taped interview with Susie Gharib of Nightly Business Report to mark the PBS program's 30th anniverary tonight. In the conversation, Buffett hints Berkshire Hathaway might buy back some of its stock since it has fallen so sharply from its highs. He also says the credit crunch is easing but business conditions are getting worse. This is a transcript of that entire interview, as provided to us by NBR.
Yesterday Toll Brothers said they would offer 3.99 percent 30-year mortgages, a full 1.25 points below the current rate. Now Chrysler is expected to announce a new round of incentives.
When your portfolio comes back, don't sell it all to cash. Here's Bill Losey's suggestion for pre-retirees.
Now that the House Appropriations Committee has voted a big chunk of the stimulus ($358 billion) out of Committee and Ways and Means is marking up their part of the stimulus, traders are again taking a look at what effect stimulus will have on select stocks.
Warren Buffett says the credit crunch has eased in the last month, but business has "really slowed down" as fearful U.S. consumers cut back on spending. In an interview to air tonight on PBS, Buffett tells Nightly Business Report that the recession won't be ending anytime soon. He also answers questions about Bernard Madoff and the idea of buying back Berkshire Hathaway's stock.
The wreck that was the banking sector this week actually made history. According to Jeff Rubin of Birinyi Associates, bank stocks have fallen further and faster than at any time in history, including the Great Depression.
Housing starts and permits were well below expectations, but in the topsy-turvy world today many traders believe that the lower the starts and permits the better, since it means less inventory that needs to be worked off.