Data from Cardlytics show that last-minute shoppers dominate Christmas spending, so we can't obsess over these early statistics.» Read More
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.
Anybody out there got the super-secret e-mail address for President Obama, the Blackberry addict? How about a cell-phone number for Treasury Secretary Timothy Geithner?
While off the highs of the morning, futures are still indicating a slightly higher open ahead of Fed Chairman Ben Bernanke’s semi-annual testimony in front of the Senate Banking Committee.
US stock index futures pointed to a slightly higher open Tuesday, having slumped to a 12-year closing low in the previous session, as investors braced for economic data and a testimony from Federal Reserve Chief Ben Bernanke.
The Dow is now down nearly 50% from its peak in October 2007. So will Mardi Gras help break the losing streak and be a Fat Tuesday for the Markets? Unfortunately in this case, the glass is half empty and history is not on our side. Here are the historical averages for the major indices.
Whispers on the Street suggest Citigroup is on the brink of giving the U.S. government a larger stake in its business.
Former Merrill Lynch CEO John Thain was ordered by a New York court to testify on Tuesday about bonuses paid out to Merrill executives just before the brokerage giant merged with Bank of America.
Stocks fell flat as investors grew more confident that the government will stabilize the battered financial sector, but technology remained weak.
As the Dow now contains five stocks under $10 (GM, C, BAC, AA, & GE), the Dow Industrials index has come under greater scrutiny on whether it is still a good gauge of the overall market.
Citigroup could reach a deal to give the government a bigger stake in the troubled banking giant either later today or tomorrow, sources close to the company told CNBC.
CNBC’s Million Dollar Portfolio Challenge once again saw contestants trading on earnings news and currencies as well as taking some risks, but our latest contest had a new twist - ETFs. CNBC asked the three winners of the challenge about their strategies, top trades and anything else that helped them profit in a down market.
New York State Attorney General Andrew Cuomo filed a motion Monday asking former Merrill Lynch Chief Executive John Thain to provide more information about bonuses paid out on the eve of the bank's merger with Bank of America last year.
Citigroup is in talks with U.S. officials about the federal government taking a larger stake in the troubled institution, according to people familiar with the situation.
US stock index futures pointed to a higher open Monday as shares of Citigroup soared over 25 percent in pre-market trading, following reports the government could up its stake in the Wall Street giant.
The performance of certain companies will tell us how well the new president’s doing.
Hey Geithner, how ‘bout some leadership? Without it, the market’s slide will continue.
The White House and Treasury sought to shoot down persistent rumors Citibank and Bank of America are about to become nationalized.
Anxiety about the state of our banking system has sent investors scrambling every which way. Where should you take shelter?
Better buckle your seat belt and prepare for a rough ride. Jon Najarian thinks we’re heading into a volatility storm!
The Dow closed at a 6-1/2-year low, on fears the government may be forced to nationalize some big banks even as the White House said it supports a privately held banking system.