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Stocks plunged deeper into the red Friday after Paulson said he sees no bailout on the horizon for Fannie Mae and Freddie Mac. Another $5 surge in oil prices fanned the market flames.
Stocks plunged at the opening bell Friday as fears about the need for a potential government rescue of troubled mortgage gians Fannie Mae and Freddie Mac rippled through the market.
The House Air and Land Forces Subcommittee is holding a hearing today on how the Air Force Tanker selection process went so wrong. Fifteen minutes into the hearing, they had to adjourn to go vote on other matters. But they'll be back.
On Bank of America CEO Ken Lewis' speech on mending the mortgage markets, it turns out Mr. Lewis isn't universally loved.
U.S. banks will unleash a tide of poor quarterly results over the next two weeks, yet investors may choose to focus instead on when a recovery might be at hand and how much more capital raising and dividend cutting will be needed to achieve it.
Anxiety about the cost of raising money triggered some serious selling that ended with blood running down the Street...
The Dow fell more than 2 percent Wednesday, followed by similar declines in the S&P and Nasdaq. Here are the day's top five videos.
Stocks ended a tumultuous session with a late selloff that left all three major indexes in bear-market territory. Financials fell sharply amid worries about more shoes to drop and techs took a hit after Cisco's chief said customers don't see a recovery until next year.
Stop Trading begins with a discussion of deterioration in the market at the end of the trading day, and directs much of the blame to banks. There are a few lights at the end of the tunnel.
The Bank of America CEO came to the heart of foreclosure country, to the hometown of Countrywide, to address the mortgage mess. Lewis says BofA wants to help struggling homeowners stay in there homes, but admits he can't help everyone.
Bank of America Chief Executive Kenneth Lewis said Wednesday it may feel to some people for the next year as if the U.S. economy is in recession.
Jim's been beating the drum on this for longer than anyone, and he's been right. So why won't the Feds listen?
I'll be at the Town Hall Los Angeles meeting today where Bank of America CEO Ken Lewis will be speaking on "Mending Our Mortgage Markets." However, it sounds like between the Fed, Congress, and the Great State of California, the mending is being done without BofA.
In a somewhat solemn moment, Cramer brings up a problem lurking in the market: stocks dropping without a sound. There's plenty of noise about certain companies because someone said this or that, but what of the ones that sink quietly? Lately, there are more of these companies going quietly into the night: banks, brokers, homebuilders -- the trifecta (or "Achilles' heel" per Cramer's label) of the down market. These companies are failing not because of things said, but because of things not said -- none of the right people are saying the right things.
The Dow rose Tuesday in another turbulent session after a pullback in oil prices eased worries about consumer and business spending. What's the "Word on the Street?"
IndyMac Bancorp on Tuesday said depositors were withdrawing cash at an "elevated" pace after a prominent U.S. senator recently questioned the big mortgage lender's ability to survive the U.S. housing crisis.
IndyMac Bancorp shares fell by more than 40 percent on Tuesday, a day after the large California mortgage specialist said it doesn't have enough capital and will stop offering most home loans, and an analyst said shareholders may be wiped out.
David Lutz, managing director at Stifel Nicolaus, offered CNBC advice for investing in financials. See his stock pans and picks!
So where should an investor's dollar go: large-cap stocks, mid-caps, or small-caps? Try all three!
The Dow closed higher Tuesday after GM surprised Wall Street with stronger-than-expected June sales and financial shares reversed earlier losses. What's the "Word on the Street?"