Futures indicated a slightly negative open for Wall Street Thursday after the Federal Reserve cautioned that the U.S. economy would remain weak for a time, adding concerns about the sustainability of a recent recovery.
Federal Reserve Chairman Ben Bernanke needs to explain whether the Fed kept the Securities and Exchange Commission in the dark about Bank of America's acquisition of Merrill Lynch before the central bank is given more power under financial reforms, Rep. Darrell Issa , R-Calif., told CNBC.
Big U.S. banks like Citigroup and Bank of America are attractive because there is no chance of them failing, Ron Ianieri, chief market strategist at ION Options said Thursday.
In a peculiar role reversal, Republican lawmakers are mounting a ferocious attack on the Republican chairman of the Federal Reserve, while Democrats are coming to his defense.
Citigroup cut Bank of America's share-price target to $18 from $20 Thursday, predicting a loss in the second quarter and a big writedown on Merrill Lynch debt.
We can’t afford to lose the man who saved us from a second Great Depression.
The Dow fell for the fourth day after the Federal Reserve reiterated concerns about the economic outlook at the end of its policy meeting.
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.