Wall Street strategists give Power Lunch their S&P year-end target.» Read More
Stocks closed with solid gains, led by technology companies such as Apple, as investors bet that a sharp drop in crude oil prices will help shore up consumer and business spending on tech gear.
Housing will eventually rebound, Cramer says. It's oil that's the real scourge of the economy now. Also, his favorite momentum plays.
U.S. thrifts are being urged to set aside more money for bad mortgage loans after reporting record loan loss provisions totaling $7.6 billion in the first quarter due to the deteriorating American housing market, the Office of Thrift Supervision (OTS) said Tuesday.
Oil's relentless ascent finally pushed stocks over the edge, abruptly snapping the market's two-month rally. The Dow dropped 3.9% for the week, dragged down by GM's 15% decline. Crude jumped $6 this week, settling at $132.19 a barrel. All U.S. financial markets are closed Monday.
Skyrocketing oil prices, the threat of recession and continued housing slump are all pointing to a rough summer for the markets. Still, there are opportunities for investors.
The Dow has dropped 450 points in the last two days. Most of this is due to the record high price of oil, but at 2 PM ET today the markets dropped further as the Fed came out with its minutes, wherein they...
Stocks finished near session lows as oil prices soared and a measure of wholesale inflation surged, sparking worries that the Federal Reserve will start focusing on rising prices rather than slowing growth.
Stocks tumbled Tuesday as oil prices blew past $129 a barrel and a measure of wholesale inflation surged, sparking worries that the Federal Reserve will start focusing on rising prices rather than slowing growth.
The credit crisis will likely extend well into the next year and beyond, resulting in three years of multi-billion dollar revenue reversals, according to a prominent U.S. banking analyst, Meredith Whitney, who also slashed her earnings outlook for four Wall Street investment banks.
Short seller Doug Kass tells CNBC's Larry Kudlow he thinks Warren Buffett has lost his way, and Kass is betting on Berkshire Hathaway's stock to fall. In an appearance tonight (Monday) on Kudlow and Company, Kass, who is President of Seabreeze Partners Management, explains why he's taken a short position in Berkshire.
While layoffs are nothing new in the financial industry (they come with almost every downturn), this round seems different: it is eerily quiet, the New York Times reports.
Stocks bounced back from a weak open after a better-than-expected report on manufacturing.
Bank of America says it is seeing rising credit costs, as it continues to wade through a challenging economic cycle.
For the week ending Friday, May 9, 2008, the U.S. Markets were negative for the week, with the Dow falling more than 200 points on Wednesday, making it the biggest point drop since 4/11/08.
Stocks bounced back from the prior session's slide, led by techs and materials, as techs staged a rebound and materials benefited from higher metal prices. Better-than-expected retail sales also buoyed the market. Financials declined after federal regulators proposed increased oversight of investment banks.
Bank of America's deal to buy troubled mortgage company Countrywide may not be such a sure thing afterall., The New York Times reports.
Asian markets were mostly weaker Tuesday after surging oil prices and worries that Bank of America would scrap a deal to buy mortgage firm Countrywide Financial hurt Wall Street.
Bank of America said on Monday it remains committed to acquiring Countrywide Financial as planned in a bid to dampen speculation it might abandon the $4.1 billion purchase or change the terms.
Another record for crude oil dragged down the Dow Monday despite word that the service sector of the economy was no longer contracting in April. Here's the "Word on the Street."
Stocks declined as the market pendelum swung back the other way, sending oil prices to a new high and early cyclicals such as financials and retail lower. Yahoo plunged.