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Bank of America Corp

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  • Warren Buffett's Berkshire Hathaway sharply increased its stake in ConocoPhillips this spring and summer, accumulating a total of 84 million shares as of the end of the third quarter on September 30, according to Berkshire's just-released quarterly portfolio filing with the SEC.

  • Where the Layoffs Are—Is Your Firm on the List? Friday, 14 Nov 2008 | 4:10 PM ET

    Markets are braced for more hemorrhaging in jobs, with a Friday employment report expected to record 200,00 more jobs vaporized in October. This would push the jobless rate up two-tenths of a point to 6.3 percent.

  • That $300 Billion Hope For Homeowners Isn’t Working Thursday, 13 Nov 2008 | 2:51 PM ET
    Homes

    I’ve just seen the latest numbers on the recently launched government Hope for Homeowners program, and I’d call them laughable if the whole thing weren’t so blatantly sad. Hope for Homeowners was launched Oct. 1 as part of the Housing and Economic Recovery Act signed into law on July 30,2008.

  • New Lows? We've Found Them Wednesday, 12 Nov 2008 | 4:07 PM ET

    The NASDAQ broke the old closing low of 1505.90. We did not break the old closing low of 848.92 on the S&P set on October 27th, but we are very close. Let's not quibble.

  • Stop Trading!: Watching Wells Fargo Wednesday, 12 Nov 2008 | 3:27 PM ET

    This stock's performance is a key barometer for the market, Cramer says.

  • The Fortress Four Strike Again Wednesday, 12 Nov 2008 | 2:29 PM ET

    US Bancorp is the latest Cramer-recommended bank to enter the M&A market.

  • Fannie Mae Gives A Boost (Somewhat) To Stocks Tuesday, 11 Nov 2008 | 3:38 PM ET

    Stocks rallied (though they are now off their highs), largely on the Fannie Mae announcement on mortgage forbearance. Though it was leaked a few hours ago, it was only known that an announcement would be made today shortly before the 2 PM conference.

  • I’m all about the help, but I have some issues (I always have some issues). Citi is targeting borrowers who are not yet delinquent but who could become delinquent due to any number of issues, like loan resets, loss of jobs or home price depreciation.

  • Citigroup Steps Up Efforts to Refinance Mortgages Tuesday, 11 Nov 2008 | 1:34 PM ET
    Foreclosed California home

    Citigroup became the latest major lender to try to help borrowers stay in their homes, launching a program that may result in $20 billion of refinancings.

  • Merrill CEO: Economic Environment Recalls 1929 Tuesday, 11 Nov 2008 | 12:42 PM ET

    Merrill Lynch Chief Executive John Thain said he did not expect the global economy to recover quickly from the credit crisis and that the environment more closely resembled 1929, the advent of the Great Depression, than recent slowdowns.

  • US Expands Program to Modify Troubled Mortgages Tuesday, 11 Nov 2008 | 12:27 PM ET

    The US government and mortgage industry are launching the most sweeping effort yet to help troubled homeowners by speeding up the process for renegotiating hundreds of thousands of delinquent loans held by Fannie Mae and Freddie Mac.

  • Fed Approves AmEx as Bank Holding Company Tuesday, 11 Nov 2008 | 9:33 AM ET

    American Express said it won approval to become a bank holding company, in a step that could cut its borrowing costs and give it more access to government money.

  • Chartology: The Debate Raging On Wall Street Monday, 10 Nov 2008 | 6:32 PM ET

    In this bear market, it's the question on every investor's mind! And, perhaps, the hardest one to answer.

  • US Bailouts: Where the Money Has Gone So Far Monday, 10 Nov 2008 | 2:29 PM ET
    WALL STREET IN CRISIS - A CNBC SPECIAL REPORT

    The Treasury Department's $700 billion bailout plan, also known as the Troubled Asset Relief Program (TARP), is one of the main U.S. tools to address the financial crisis. 

  • Where the Layoffs Are—Is Your Firm on the List? Monday, 10 Nov 2008 | 2:12 PM ET

    Markets are braced for more hemorrhaging in jobs, with a Friday employment report expected to record 200,00 more jobs vaporized in October. This would push the jobless rate up two-tenths of a point to 6.3 percent.

  • How Thundering Merrill Faltered and Fell Sunday, 9 Nov 2008 | 3:08 PM ET

    As subprime lenders began toppling after record waves of homeowners defaulted on their mortgages, Merrill was left with $71 billion of eroding mortgage exotica on its books and billions in losses.

  • Where the Layoffs Are—Is Your Firm on the List? Friday, 7 Nov 2008 | 5:24 PM ET
    Street crowd

    Markets are braced for more hemorrhaging in jobs, with a Friday employment report expected to record 200,00 more jobs vaporized in October. This would push the jobless rate up two-tenths of a point to 6.3 percent.

  • Quick Market Stats: Week Ending 11/7 Friday, 7 Nov 2008 | 5:07 PM ET

    On a week where the US closed the chapter on a historic election, the markets rallied on Friday, up almost 2.5% or greater, however, all the major indices finished the week down about 4%.

  • 9 Solid Stocks for Rebuilding Your Portfolio Friday, 7 Nov 2008 | 11:48 AM ET

    Now is the time for long-term investors to jump in and build a portfolio of recognizable, brand-name companies, Robert Pavlik Chief Investment Officer Oaktree Asset Management told CNBC.

  • What We Need: No More Surprises Thursday, 6 Nov 2008 | 4:08 PM ET

    So for the past two days the short-term trade has been: fade the market in anticipation of a nonfarm payrolls report below even the loss of 200,000 jobs expected, then go for a modest rally in the middle of the day Friday.