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  • Goldman Slashes Banks - Skewers Lehman Tuesday, 19 Aug 2008 | 8:57 PM ET

    After hours Tuesday Goldman Sachs slashed its earnings outlooks for some of its major rivals however it's the Lehman downgrade that has the traders most concerned.

  • Bove's Financials Note: How Bad Will It Get? Tuesday, 19 Aug 2008 | 11:37 AM ET

    On a day when financials are again weak, Richard Bove at Ladenburg Thalman provided his clients with a long (70 pages!) note outlining the problem with the banking industry.

  • Bullish on Commodities -- AND Banks! Tuesday, 19 Aug 2008 | 10:46 AM ET

    Short-term, buy commodities; but hold those financials for a fourth-quarter recovery. So says King Lip, portfolio manager at Baker Avenue Asset Management. He explained his investment strategy to CNBC -- and offered his top stock picks.

  • PPI Hits 27 Year High Tuesday, 19 Aug 2008 | 9:33 AM ET

    The growth of the Producer Price Index is now at levels not seen since 1981.  Here is a breakdown of the inflation benchmark to show you where costs are rising most.

  • Dow Flirts With Bear as Financials Drag Monday, 18 Aug 2008 | 5:20 PM ET

    The Dow shed 1.6 percent, putting it dangerously close to bear territory, as a fresh wave of worries about fallout from the mortgage crisis slammed financials.

  • Stocks Fall Sharply Amid Fresh Financial Worries Monday, 18 Aug 2008 | 2:47 PM ET

    Stocks opened mixed Monday as oil retreated and geopolitical concerns eased but financials suffered from a fresh wave of concerns.

  • Highest Yielding Stocks On The Dow Monday, 18 Aug 2008 | 9:30 AM ET
    A Bank of America branch.

    Do you believe that financials, pharma and telecom can maintain through an economic downturn? If so, you might want to take a look at the Dow Industrials where some of the largest companies in the world are currently offering investors notably large dividend yields.

  • For the week ending Friday, August 15, 2008,  U.S. major Indices finished mixed, after the markets digested negative results including a surge in CPI, a decline in retail sales, and continued expansion in unemployment claims.  The Nasdaq Composite prevailed amongst the major U.S. indices, as it edged up 1.59% for the week, marking its fifth week of gains.   Nasdaq gains were led by bullish comments on Amazon (AMZN) which gained 7.3% for the week.  The likelihood of the eurozone moving toward recession allowed for a stronger dollar against the euro, continued pressure on oil, and a positive impact on U.S. stocks as a potential safe haven.

  • Judge Rejects Countrywide Settlement Friday, 15 Aug 2008 | 9:51 AM ET

    A federal bankruptcy judge has rejected a settlement involving Countrywide Financial, saying he wasn't convinced it was fair to nearly 300 borrowers allegedly hurt by the mortgage lender's abusive practices.

  • Oil Drops, Dow Pops Thursday, 14 Aug 2008 | 8:53 PM ET

    Stocks rose on Thursday as another decline in the price of oil buoyed hopes that consumer spending will recover. Also financial shares bounced back from a sharp two-day sell-off.

  • Warren Buffett's Berkshire Hathaway has added a new stake in NRG Energy, according to a just-released portfolio 'snapshot' of its holdings in U.S. publicly-traded stocks as of June 30.  A sharply reduced stake in Anheuser-Busch may have been a bet that InBev's initially unsolicited offer for the U.S. brewer would prove to be unsuccessful.  Conoco-Phillips data is kept "confidential."

  • Who's Settled, Who Hasn't in Auction-Rate Probe Thursday, 14 Aug 2008 | 4:25 PM ET

    Various state regulators and the U.S. Securities and Exchange Commission are investigating whether banks and brokerages that underwrote auction-rate securities—a $330 billion market of long-term debt whose yields reset through weekly or monthly auctions—falsely or fraudulently told clients that the securities were as safe and as liquid as cash.

  • Stocks Close Higher, Led by Financials Thursday, 14 Aug 2008 | 3:43 PM ET

    Stocks closed higher, with bank shares rising broadly, though the market pulled back from its biggest gains as oil stemmed its slide.

  • Fast Money Now: Mid-Day Trades For Thursday Aug. 14 Thursday, 14 Aug 2008 | 1:48 PM ET

    Fast Money now – the plays you need while the market is still open

  • Dow Drops As Banks Fall Wednesday, 13 Aug 2008 | 9:03 PM ET

    The Dow declined by triple digits on Wednesday with financial shares selling off for a second straight day on fresh concerns about the widening impact of the mortgage crisis.

  • Why Does the SEC Hate the Banks? Wednesday, 13 Aug 2008 | 3:13 PM ET

    Lack of enforcement of key short-selling rules is going to bring back the pain we worked so hard to escape.

  • Stocks Close Lower But Pare Some Losses Wednesday, 13 Aug 2008 | 3:01 PM ET

    Stocks closed lower, hurt by rising oil prices and fresh worries about the financial sector, though the market ended off its lows for the day.

  • Mechanism for Credit Is Still Stuck Wednesday, 13 Aug 2008 | 10:32 AM ET
    Credit Crunch

    A year after financial tremors first shook Wall Street, a crucial artery of modern money management remains broken. And until that conduit is fixed or replaced, borrowers will see interest rates continue to rise even as availability worsens for home mortgages, student loans, auto loans and commercial mortgages, says the New York Times.

  • Stocks Suffer as Retail Slips, Deere Misses Wednesday, 13 Aug 2008 | 9:47 AM ET

    Stocks opened lower amid signs that the consumer was buying fewer goods that will cost more in the future.

  • Stocks Close Lower On Selloff in Financials Tuesday, 12 Aug 2008 | 3:04 PM ET

    Stocks closed lower—even though oil fell to $113 a barrel—as a fresh round of warnings about banking troubles squelched the market's week-long rally.