After the most turbulent market week in years, some strategists are ready to call the all clear. But others say stocks could test the lows of the past week.» Read More
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.
The battered stock market is due for a “flash-fire” rally which could match the stellar recovery-run put in place after the crash of 1987 finally bottomed, Bill Spiropoulos, market strategist from CoreStates Capital Advisors, told CNBC.
The yen rose toward a 13-1/2 year high against the dollar and a seven-year peak versus the euro on Thursday. While the sterling fell again against the greenback, nearing $1.3618, its lowest since September 1985.
Global stocks bounced back from 7-week lows Thursday, following an overnight recovery in the US stock market on the back of strong earnings reports from Apple and IBM. Experts tell CNBC they see investment potential in the energy and tech sectors, as well as in various parts of Asia.
A wash of earnings news and weekly jobless claims will help decide the market's course Thursday, but there's a good chance there will be follow through to Wednesday's rally.
New reports that home builder Toll Brothers announced they were offering a 30-year fixed rate mortgage for 3.99 percent, a full percentage point below the current rate.
Predictably, it was led by financials. The Bank Index rallied 12 percent after dropping 19.7 percent yesterday.
The markets have stabilized as bank stocks have stabilized. Of some help is PNC, which is generating a few raised eyebrows on trading desks. Recall they dropped 41 percent yesterday and is up 21 percent today (no one even blinks at these price swings any more).
The S&P and the Dow are moving in lock-step with the large swings in bank stocks this morning. Elsewhere, the weakness in the construction industry is clearly showing up in fourth quarter earnings reports.
Now is a good time to be investing in U.S. stocks over a longer-term horizon, John Haynes, equity strategist at Rensburg Sheppards told CNBC Tuesday.
While guidance from financials is generally downbeat again, there are a few outliers reporting good results outside of the banks.