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  • Banks Drag Down Dow - Closes Below 8,000 Tuesday, 20 Jan 2009 | 5:43 PM ET
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    Wall Street ushered in the Barack Obama presidency with a substantial drop in the Dow, amid fresh signs the global bank crisis is far from over.

  • Dow Ends Below 8,000 as Banks Get Hammered Tuesday, 20 Jan 2009 | 4:59 PM ET

    The Dow ended below 8,000 for the first time in two months as bank stocks took a beating over profit worries.

  • Stocks Resume Decline After Obama Pause Tuesday, 20 Jan 2009 | 1:24 PM ET

    Stocks paused briefly as Barack Obama was sworn in as the 44th president but resumed their slide as banks took a beating over profit worries.

  • While Obama takes the oath, all eyes in the markets will be on the financial sector following RBS's monster loss announcement in the UK.

  • Layoffs Keep Growing—Is Your Firm On the List? Tuesday, 20 Jan 2009 | 10:35 AM ET
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    Even on Inauguration Day, companies continued to announce layoffs, reinforcing the  challenges facing Barack Obama.

  • Futures Fall Ahead of Obama Inauguration  Tuesday, 20 Jan 2009 | 8:55 AM ET

    U.S. stock index futures failed to match the buoyant mood across the country Tuesday as concerns over the weakening economy remained despite the inauguration of President-elect Barack Obama.

  • Bank of America Could Cut 4,000 Jobs: Report Tuesday, 20 Jan 2009 | 4:22 AM ET
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    Bank of America may slash as much as 4,000 jobs in its capital markets units starting this week, the Financial Times reported on its Web site quoting executives familiar with the matter.

  • UPDATED WITH VIDEO CLIPS.  Dateline NBC aired portions last night (Sunday) of an interview with Warren Buffett by Tom Brokaw.  Buffett tells Brokaw that Barack Obama is the right "commander in chief for the economy" but warns that no one should expect a "miracle" turnaround in the next few months.   The two men also covered many other topics, including Obama's leadership style, excessive executive compensation, the challenges facing Detroit's automakers, China, and the role of greed in good times and bad.  This is the first part of the complete transcript of that interview, as provided by NBC News.

  • Dateline NBC aired portions tonight (Sunday) of an interview with Warren Buffett by Tom Brokaw. Buffett tells Brokaw that Barack Obama is the right "commander in chief for the economy" but warns that no one should expect a "miracle" turnaround in the next few months. The two men also covered many other topics, including Obama's leadership style, excessive executive compensation, the challenges facing Detroit's automakers, China, and the role of greed in good times and bad. This is the complete transcript of that interview, as provided by NBC News.

  • Asian Markets Are Mostly Higher on Obama Hopes Monday, 19 Jan 2009 | 5:16 AM ET

    Asian markets were mostly higher Monday while the greenback lost ground as investors looked for U.S. President-elect Barack Obama to quickly roll out hefty economic stimulus spending and a revived plan to buy bad bank assets.

  • Not Even Bailout Funds Can Burnish Banks' Image Saturday, 17 Jan 2009 | 10:32 AM ET
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    The selloff in Bank of America and Citigroup may just be the beginning. Analysts now are predicting that the same problems hitting those two big banks will soon spread to the entire industry.

  • UK's Brown Tells Banks to Come Clean Saturday, 17 Jan 2009 | 10:05 AM ET
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    Banks must reveal the true scale of their bad assets to help revive frozen global credit markets, British Prime Minister Gordon Brown said on Saturday as officials met bank chiefs to thrash out a new rescue package.

  • Investing In Uncle Sam’s Shadow Friday, 16 Jan 2009 | 6:32 PM ET

    With the landscape in the financials changing almost on a daily basis, how should you invest?

  • Stocks End Crazy Week on Up Note Friday, 16 Jan 2009 | 6:20 PM ET

    Stocks ended a dismal week on an up note as investors took some defensive positions in stocks like McDonald's amid nagging worries about the health of banks.

  • Stocks Rise In Face Of Bank Bailouts Friday, 16 Jan 2009 | 6:16 PM ET
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    The Dow rose on Friday on strength in the energy sector and companies that hold up well in recessions...

  • Quick Market Stats: Week Ending 1/16 Friday, 16 Jan 2009 | 4:57 PM ET

    On Friday, the US markets managed to close in positive territory for the day, however, they turned in their second-down-week in a row losing almost 3% or greater across the board, led by the S&P 500 Index.

  • A Down But Not Out Week Friday, 16 Jan 2009 | 4:37 PM ET

    For the week: Dow down 3.7 percent, S&P 500 down 4.5 percent, NASDAQ down 2.7 percent. The good news was that, on an options expiration day, most major sectors were to the upside.

  • The CPI Plunge Is A Great Thought Friday, 16 Jan 2009 | 4:20 PM ET

    Today’s consumer price index dropped for the fifth consecutive month. This is part of the unwinding of the great oil shock that was an important, if overlooked, factor in the current economic downturn.

  • Stocks Advance as Investors Play Defense Friday, 16 Jan 2009 | 2:44 PM ET

    Stocks were back up in a yo-yo session as investors took some defensive positions in stocks like McDonald's amid nagging worries about the health of banks.

  • Behind The Bruising Bank Stocks Friday, 16 Jan 2009 | 1:11 PM ET

    While bank stocks are getting killed, the cost of insuring their debt is going down, Peter Boockvar at Miller Tabak notes.