Stocks Bank of America Corp

  • 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.

  • A Bank of America branch.

    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 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.

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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.

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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.

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

  • 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.

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    The Dow rose on Friday on strength in the energy sector and companies that hold up well in recessions...

  • 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.

  • 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.

  • 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 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.

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

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    The government rescued Bank of America on Friday through a $20 billion bailout and a guarantee for almost $100 billion of potential losses on toxic assets.

  • Andrew Busch

    Like everyone in America yesterday, I watched intently as US Airways Flight 1549 crew and passengers were rescued from the frigid waters of the Hudson River. It is truly a miracle that so many ferries were nearby and all got out with nary a bump or bruise. A similar event took place yesterday in the markets.

  • I noted earlier this week that one of the reasons the market has been drifting lower recently was the Street was in the process of lowering expectations for the second half of 2009 and that's what B of A CEO Ken Lewis essentially did this morning.

  • Futures rallied on the back of the Bank of America bailout Friday, with investors hoping the government will do all in its power to save big institutions from collapsing.

  • Earnings news from Citigroup and Bank of America are the big hurdles ahead of Friday's opening bell.