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Stocks declined Wednesday as a late warning from President Obama about stricter oversight for Wall Street knocked major indexes off their highs for the day.
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.
Investors looking to pile back into bank stocks Wednesday drew a warning from investment pros: Watch your step.
Federal Reserve Chairman Ben Bernanke said on Wednesday there was no plan to nationalize troubled US bank Citigroup, causing stocks on Wall Street to trim losses briefly.
Everybody's a critic when it comes to fixing this economy. But it takes a real "Macho Man" to get this economy humming again. Well, a "Macho Man" impersonator, anyway.
With all the doom and gloom about the financial system, you'd think banks would be failing at a furious pace. They're not. Here's why and how that may be about to change.
US stocks looked set to give back some the gains from the previous session at the open Wednesday, after Federal Reserve Chief Ben Bernanke soothed investors by stepping back from bank nationalization plans and saying the recession may end this year.
You know about the growing call for nationalization. Now find out why someone who’s been through nationalization says it’s the wrong move.
Stocks jumped on Tuesday after Ben Bernanke delivered a big dose of relief when he signaled that nationalization of big banks was not at hand.
Investors enjoyed a Fat Tuesday of their own, reclaiming most of the prior session's losses, after Fed Chairman Ben Bernanke indicated that all-out bank nationalization wasn't part of the goverment plan.
We've noticed some recent chatter about "mark-to-market." That's the 2-year-old accounting rule requiring companies to value an asset for its immediate sale price on the open market.
We on Power Lunch were all transfixed during Sen. Corker’s questioning of Federal Reserve Chief Ben Bernanke Tuesday.
The U.S. government on Tuesday sought to quell concerns that the administration is moving toward nationalization of the country's ailing financial system, but said it would provide additional support to banks.
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.