American Express Co. rose $1.39 or 1.6 percent, to $85.93. Capital One Financial Corp. rose$. 66 or. 9 percent, to $72.60. Discover Financial Services rose$. 85 or 1.6 percent, to $52.77.» Read More
The legendary investor just finished his second bad year in a row. So LM's a sell. But there's more to it than that, Cramer explains.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Target said Wednesday it is taking longer than expected to determine whether to sell its credit-card assets, hampered in part by current market conditions.
If American International Group and Capital One won't show their cards, then investors need to cash in their chips.
Mitsubishi UFJ Financial Group, Japan's largest bank, posted a 49 percent drop in first-half profit on Wednesday, hit by subprime-related investments and hefty losses at its credit card unit.
The days of easy credit are probably over. With housing in a slump, qualifying for a home equity loan or a line of credit is no longer a walk in the park. Buf if you really need to borrow, just what do you do? Here's a few tips on where and how to get the cash.
Visa Inc. filed with regulators on Friday to raise up to $10 billion in an initial public offering of Class A common stock.
Wachovia said Friday it suffered a $1.1 billion loss on subprime mortgage-related debt in October, while Capital One Financial said more customers are having trouble paying their bills as the U.S. credit crisis deepened.
Visa has tentatively agreed to pay American Express a record $2.25 billion to settle a three-year-old antitrust case, CNBC has learned.
At least 94 million Visa and MasterCard accounts may have been exposed to potential fraud in a data breach at TJX, nearly double the previous estimate by the discount retailer.
It’s going to be a joyful—and profitable—holiday season for retailers, according to the latest CNBC Wealth in America survey. Americans plan to spend an average $839 during the holiday season, up 17.6% from last year.
Forget the credit crunch, housing recession and fears of slower economic growth. Americans plan to open their wallets during the holidays this year, though maybe not on those cheap Chinese toys. Spending is expected to jump 17% from last year, to an average of $839.
Consumers have boosted their borrowing at the fastest pace in three months, turning increasingly to their credit cards to replace home equity loans as a source of ready cash.
FL Group, an Icelandic private equity firm that owns 8.25 percent of AMR, said in a letter to the board that changes at the company were long overdue, given the 50 percent drop in the share price since January.
U.S. retailers are still sweating through the back-to-school shopping season, but an early chill has already crept into their prospects for the all-important holiday season.
Two things have happened recently that made me realize we are at the "tipping point" of environmental awareness. One is that my company began implementing some green initiatives - a company whose rubbish bins were often filled with styrofoam cups and lunch boxes and where dozens of television and computer monitors used to hum ceaselessly overnight. The other is that Live Earth was a total flop audience-wise. Not because people were unaware of the need to protect the environment, but because everyone, including people like me, had already heard enough about it. Eighteen years after Time magazine put "Endangered Earth" on its cover, yeah, we do finally get it.
TJX said its second-quarter profit was cut by more than a half as the discount retailer recorded a $118 million charge due to costs from a massive breach of customer data, mostly to build up a reserve to cover estimated future expenses.
Washington Mutual, the largest U.S. savings and loan, said on Wednesday second-quarter profit rose, helped by growth in retail banking and credit cards, and a smaller loss relative to the first quarter in its mortgage unit.
As the U.S. faces higher prices and adjustable mortgage rates, expect consumer spending to slow, economist Nigel Gault told “Morning Call.” But he also predicted that the slowdown may furnish some surprising benefits to America's economy.
I love plastic. I know, I know, the petroleum issues. But today I learned one more reason to love plastic: I can pay for my mortgage with it. Yes, American Express is breaking new ground, allowing its card members to pay their monthly mortgage bills on the card. I know what you're thinking, but hold on... Amex is requiring that these be prime loans only, so you can forget that whole subprime mortgage implosion issue. And of course, they'll be charging you $395 to enroll in the program.
A question that eventually arises when financial planners talk about getting fiscally fit is: how much money do I need so I can retire comfortably. To be frank, I hate that question.Not because the intention is incorrect but because it approaches life in a technical way. Most people I know - and I'm betting plenty you know as well - do not want to think about ageing, much less think about what they want to do when they retire.