The Dow fell for a fourth straight day Wednesday after the Fed said it expected to keep interest rates exceptionally low for an extended period.
Citigroup, which to many, symbolizes the troubles of the financial industry, intends to raise workers’ base salaries by as much as 50% this year to offset smaller annual bonuses, the New York Times reports.
The Mad Money host defends the Federal Reserve chairman against claims of impropriety. Plus, a reaction to the central bank leaving interest rates unchanged.
Stocks bounded higher Wednesday, with the Dow up about 1 percent, as investors cheered the better-than-expected jump in durable-goods orders and shrugged off a weak new-home-sales report.
Stock gains continued to erode after the Fed said it expected to keep interest rates exceptionally low for an extended period. The Fed said that the "pace of economic contraction is slowing" but that it "continues to anticipate that economic conditions are likely to warrant exceptionally low levels of the federal-funds rate for an extended period." Read and listen to what the experts had to say…
JPMorgan tops a list of the world's strongest banks, while Royal Bank of Scotland suffered the biggest loss of any lender last year, according to new industry rankings on Wednesday.
Bank of America is ready to disclose details of Countrywide's former VIP program of preferential mortgages if a law enforcement body, Congress or other government bodies, issues a subpoena, documents obtained by CNBC show.
That depends on the stock in question. But the Mad Money host has found a big reason to be positive.
U.S. stocks finished mixed Tuesday as a quick boost from a well-received Treasury auction fizzled and Boeing dragged on the Dow.
U.S. stocks turned mixed Tuesday after a quick boost from a well-received Treasury auction.
Stocks dipped Tuesday after a report showed home sales rose but not as much as expected but started to claw back almost immediately.
Stocks suffered their worst one-day loss in two months driving the S&P 500 back into negative territory for the year.
The stock market's losing streak continued Monday, with Wall Street suffering an across-the-board slump that had some worrying about a long summer for investors.
Futures indicated a lower start to the week for Wall Street Monday as investors fretted over the global economic outlook after the World Bank cut its 2009 forecasts for most economies.
The financial sector reforms in the US did not go far enough to ensure the banking system was free of risks and easier to regulate, and more steps need to be taken to ensure banks are not too big to fail, Nouriel Roubini, chairman of RGE Monitor, told CNBC Monday.
Today is a quadruple-witch day. Quadruple-witching occurs on the 3rd Friday of every quarter when index futures, index options, stock options and stock futures expire on the same day. Here is a look at how quadruple-witches have affected the markets.
Find out why Cramer says this is a bad move. Plus, get calls on retail, biotech, the housing bottom and more.
The financial overhaul expands the Fed's powers but also restricts them, underscoring the central bank's awkward role in bank regulation and the economy.
Wall Street’s great investment houses have never faced a serious foreign challenge in their own backyard. But as tectonic shifts reverberate through the banking industry, their overseas rivals are edging into some of the most lucrative corners of American finance.
Federal Reserve Chairman Ben Bernanke on Wednesday urged financial institutions that specialize in community development and banking to the poor to take steps to ensure they emerge from the financial crisis stronger.