The monthly nonfarm payrolls report takes the spotlight next week as investors continue to look for guidance on the timing of an interest rate hike.» Read More
President-elect Barack Obama's announcement of an economics team Monday may soothe some tensions in financial markets, but investors will keep their eye on the economy, credit crunch and most particularly, Citigroup.
Another day, another final-hour swing. At 2:55pm, the Dow was once again drifting into negative territory. But unlike much of this week, when the markets sold off and ended at the lows of the day, a NBC News report revealing President-Elect Barack Obama’s nominee for Treasury Secretary propelled a strong late-day rally.
President-elect Barack Obama is moving to fill what Wall Street has been fearing was a dangerous "void." NBC News reports that the president-elect will name the New York Fed's Tim Geithner to the post of Treasury Secretary and name other members of his economic
Citigroup’s board will likely convene today to discuss many of these alternatives. This comes after the stock has lost half of its value this week, as it closed below $5 yesterday
Global stocks took a breather from recent heavy declines Friday and one analyst told CNBC a turnaround could be due for the major indexes.
Citigroup could see its shares rally by 100 percent or sink to nothing, investor Marc Faber told CNBC Friday.
The stock market is now officially in no man's land. Those were the words of one trader, but he certainly isn't alone in that view. Friday promises to be no less strange as options expire in equities, and credit markets continue to show new signs of frosting over.
Volume was heavier; instead of a low volume, high volatility sell-off, this was an old fashioned high volume, high volatility sell-off; in other words, sellers materialized.
How to protect yourself from mounting losses in your 401(k).
Telcos, pharmas and some media stocks present investment opportunities now, according to Fergus O'Sullivan, managing director at Morgan Stanley.
Traders like to remind me that the definition of insanity is doing the same thing over and over again and expecting a different result. So it is that plans by Saudi Prince Alwaleed bin Talal to raise his investment in Citigroup are being greeted with open skepticism on the Street.
Stocks were down heavily Thursday, following Wall Street's overnight selloff. The Dow Jones Industrial Average closed at a 5-1/2-year low, below 8,000, as a U.S. bailout of the auto industry appeared unlikely, spurring further economy fears. CNBC's experts believe the blue-chip index will fall a lot further before year end.
Despite continued woes in the U.S. economy, the greenback has seen an unexpected surge against currencies around the world As investors become ever more risk averse, emerging markets are bearing the brunt of a flight to safety.
Investors determined to stay in stock markets should look to Europe over the US, but steer clear of emerging markets, Julius de Kempenaer, technical analyst from Talergroup, told CNBC.
There is no joy on Wall Street, and frankly, the mood is getting worse. On Wednesday, stocks hit a 5-1/2 year low on waves of selling stemming from a meltdown in financials. The group was down nearly 12%, with some big names like Citigroup at shocking lows.
The flight into Treasuries, as well as the fact that credit default swap spreads are widening, is causing broad weakness in the stock market. .
The issue is not so much whether you think gasoline below $2 a gallon is cheap, but whether you feel like you really can open your wallet for things you might not need in these uncertain times.
Warren Buffett drives a hard bargain. When he invests billions in a company, he can generally get a better deal than the rest of us. Now SmartMoney columnist James B. Stewart writes about "a rare opportunity to invest on terms that may be even better than Mr. Buffett got" for his $5 billion infusion into Goldman Sachs.
Goldman Sachs economists did an exercise where they set some very negative forecasts against the fourth quarter to see just what worst case GDP might look like. Their current forecast is for a decline of 3.5 percent in annualized "growth," but in a "just awful" environment they get to minus 6 percent. Worst case? That would be a 7.8 percent decline.
The bet is that some small amount of money will be given to the auto makers now, enough to serve as some type of bridge loan into early 2009. At that point the Democrats will have the political leverage to develop a broader rescue package in the first weeks of February.