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  • This Day 1 Year Ago - A CNBC Special Report - See Complete Coverage

    It's a pretty black Friday. Another bleak unemployment report shows the August joblessness rate shot up to its highest level since summer of 2003. And the glum news seems to rattle every spoke on the financial hub.

  • White knights are hard to nail down as the savvy start hedging their bets and bear season arrives on Wall Street. The Lehman Brothers rumor mill heats up and investors turn a cold shoulder on stocks, as the indices enter bear-market territory.

  • The Financial Crisis: This Day—One Year Ago, Sept. 3 Thursday, 3 Sep 2009 | 7:00 AM ET
    This Day 1 Year Ago - A CNBC Special Report - See Complete Coverage

    False optimism wars with bad omens. Lehman Brothers gained 5 percent following news that Ospraie Fund, a commodities fund in which Lehman had a 20 percent stake, was closing and would return money to investors after incurring big losses in 2008. The dollar hit an 11-month high against the euro, as belief spread that the credit crunch tsunami would turn on Europe—and that the U.S. had already weathered the worst.

  • Berkshire Hathaway 2009 Shareholder Meeting

    Warren Buffett says there are no plans for a buyback of Berkshire Hathaway stock right now, although he did not rule out the possibility in the future.

  • Pros Say: Economy To Go Positive Between Q3 — Q4 Wednesday, 1 Apr 2009 | 12:01 PM ET

    Wednesday: Pending sales of existing U.S. homes inched upward but home values keep slipping. Job losses in the U.S. private sector accelerated more than expected in March but planned layoffs are down. Pres. Obama urged unified action at the G20 meeting. Four regional banks were the first to pay back TARP funds. CNBC heard from experts who said the market will make a major move around Easter — and went overweight in stock portfolio allocation.

  • Pros Say: Inflation Danger = 'Kryptonite for Superman' Tuesday, 31 Mar 2009 | 12:15 PM ET

    Tuesday: Consumer confidence squeaked above its record low. Ford announced an incentive program -- covering payments if a buyer is laid off -- similar to Hyundai's. GM's new CEO Fritz henderson said bankruptcy is possible within 60 days. J.P. Morgan said global banks will write down $17 billion more. CNBC heard from experts who said retail looks less scary, housing is finally coming back — but warned that inflation could be "kryptonite" for bonds.

  • Pros Say: Bears Are Losing Ground Wednesday, 18 Mar 2009 | 3:04 PM ET

    Wednesday: AIG CEO Edward Liddy cited the "cold realities of competition," and insists the controversial bonuses must be paid. David Friehling, accountant for confessed super-swindler Bernard Madoff, was arrested on fraud charges. Sunnier notes: Bank of America CEO Kenneth Lewis said BofA could repay its $45 billion TARP loan this year. And Sun Microsystems shares jumped on IBM deal talk. CNBC heard from experts who predicted that the Fed meeting today will not please Wall Street.

  • Wednesday: AIG CEO Edward Liddy cited the "cold realities of competition," and insists the controversial bonuses must be paid. David Friehling, accountant for confessed super-swindler Bernard Madoff, was arrested on fraud charges. Sunnier notes: Bank of America CEO Kenneth Lewis said BofA could repay its $45 billion TARP loan this year. And Sun Microsystems shares jumped on IBM deal talk. CNBC heard from experts who predicted that the Fed meeting today will not please Wall Street.

  • Pros Say: Market Bottom at S&P 600 Thursday, 12 Mar 2009 | 4:33 PM ET

    Thursday: Confessed mega-swindler Bernie Madoff pleaded guilty to fraud. Warren Buffett slipped from the "World's Richest Billionaire" slot. Apple flew in the face of grim retail prognostication and said it'd preview new iPhone software next week. It was reported that U.S. mortgage rates slipped last week; and Standard & Poor's downgraded General Electric* from its triple-A rating to AA-plus -- but GE's shares soared on a better-than-expected outlook. CNBC heard from experts who warned that AIG is a "boil" that "needs to be lanced" and called a market bottom — of sorts.

  • Pros Say: 5 Good Closing Bells Will Do It Tuesday, 10 Mar 2009 | 4:06 PM ET

    Tuesday: Rep. Barney Frank (D-Mass.) said the uptick rule will soon be reinstated but the SEC said that mark-to-market regulations would remain in place. Citigroup shares skyrocketed nearly 40 percent and many other financials followed suit — lifting the market with them. General Electric* shares enjoyed an assurance from Citi and AT&T said it'd add — yes, add — 3,000 jobs and invest up to $18 billion. CNBC heard from experts who said that investors are nearly ready to get out of cash — and gave a prescription for bear repellant.

  • Pros Say: TALF Bailout to Spark Recovery Monday, 9 Mar 2009 | 6:19 PM ET

    Monday: Warren Buffett told CNBC the U.S. economy has "fallen off a cliff." Prof. Nouriel Roubini, who predicted the current crisis, said the U.S. recession could last up to 36 months. But some M&A activity was seen: Dow Chemical and Rohm & Haas announced a deal; and Roche and Genentech are reportedly close to their own agreement. CNBC heard from experts who said steady growth companies are the way to invest now; and that the government rescue plan is going to create the first signs of recovery.

  • Pros Say: What's Next? A Strong Rebound Tuesday, 3 Mar 2009 | 2:14 PM ET

    Tuesday: Fed Chairman Ben Bernanke defended the AIG bailout, saying the alternative would've been a disaster. Treasury Secretary Tom Geithner defended the Obama Administration's plan to buttress and stimulate the U.S. economy. Auto sales plummeted; Citigroup said it'll lower some mortgage payments; and subsidiaries of Warren Buffett's Berkshire Hathaway announced job cuts. CNBC heard from experts who said the U.S. economy is in a depression — but the next move is an upside jump.

  • Pros Say: U.S. Recession Looks Endless Friday, 27 Feb 2009 | 3:38 PM ET

    Friday: General Electric (CNBC's parent company) said it'll slash its quarterly dividend 68 percent, saving $9 billion annually. The U.S. agreed to boost its stake in Citigroup to as much as 36 percent. U.S. GDP data was sharply revised downward, with economic loss at 6.2 percent. Experts told CNBC that the market is resisting scary talk from President Obama and Fed Chairman Bernanke — but the recession's end is nowhere in sight.

  • Pros Say: No Recovery Until Housing Improves Wednesday, 25 Feb 2009 | 3:12 PM ET

    Wednesday: As the state of financials continues to worry the markets, Fed Chairman Ben Bernanke said the U.S. has no plans to nationalize Citigroup. Wealthy Americans are suing UBS to keep their names secret (as a $31 billion UBS order went wrong) and Congress is considering a housing bill that'd let judges erase mortgage debt. Experts told CNBC that America needs more infrastructure in the stimulus bill — and that there won't be a recovery until housing improves.

  • Pros Say: Eye of Recession Storm is Near Tuesday, 24 Feb 2009 | 1:50 PM ET

    Tuesday: Fed Chairman Ben Bernanke warned the "severe" U.S. recession may drag into 2010 unless the government succeeds in stabilizing the banking system and financial markets. Debate continues on bank "nationalization," with Bank of America insisting it won't need a bigger U.S. stake; and analysts wondering if Citigroup actually needs the government to pick up more than 40 percent. Experts told CNBC that fears of nationalization are overdone — and we're now entering the epicenter of the recession.

  • Pros Say: Citi, BofA Will Survive — Without Equity Friday, 20 Feb 2009 | 12:26 PM ET

    Friday: Bank nationalization is the big topic du jour. Everyone seems to dislike the idea, but more and more analysts are begrudgingly calling nationalization the inevitable next move in the financial crisis. UBS widened its tax probe; a survey of U.S. homeowners showed more depreciation; and gold rose over $1,000 on investors' flight to safety. CNBC heard from experts who said the U.S. dollar will emerge as the ultimate safe haven; and Citigroup and Bank of America will indeed survive.

  • Pros Say: Markets in 'Bottoming Process' Tuesday, 17 Feb 2009 | 6:15 PM ET

    Tuesday: President Obama signed the $787 billion economic stimulus bill into law, as governments around the world consider their own actions. But global markets plunged on fears of a deepening recession; Chrysler asked the U.S. for $2 billion more in loans and General Motors is widely expected to follow suit. Investors are fleeing to bonds and gold-backed securities. CNBC heard from experts who warned that the March "bear market bull" won't happen — but that we are, indeed, in a "bottoming process."

  • Warren Buffett, in a taped interview with Susie Gharib of National Business Report on PBS

    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.

  • Crescenzi: My Top 10 Investment Themes for '09 Tuesday, 30 Dec 2008 | 5:09 PM ET
    Tony Crescenzi

    If you haven’t been able to tell by now, I like to write. Look no further than my three books for proof. I seek to raise awareness of important issues, always trying to strike themes that investors can act on. I do this from a macro perspective, from the top-down — the subject of my latest book, Investing from the Top Down. Here are my top 10 'Top-Down' investing themes for 2009.

  • Pros Say: Crucial Opportunity For Oil, Equities Monday, 22 Dec 2008 | 1:01 PM ET

    Monday's market is still feeling last week's pain, as lowered earnings outlooks add to the downward pressure from big bank downgrades. And forensic analysts continue to sift through the alleged Bernie Madoff fraud, asking: Can investors get anything back? But CNBC heard from experts who are anticipating an annual Santa Claus rally — and think it's crucial to buy oil stocks and other selected equities now.