Stocks tumbled to November levels Tuesday as investors faced a fresh sign of the deepening recession and dilution worries gnawed at bank stocks. Wal-Mart was the lone gainer on the Dow after the retail giant beat earnings expectations.
Instead of asking what Warren Buffett has been buying, we should have been wondering what he's been selling. Berkshire Hathaway's stock portfolio snapshot for the end of the fourth quarter reveals its holdings in Johnson and Johnson have been slashed by more than half.
As we are getting close to the November 2008 lows, here are some key dates for for each of the major indices, both on a closing and intraday basis.
Carlos Slim is not interested in buying Banamex, according to someone familiar with his thinking. A crown jewel of the Mexican financial system, Banamex is said to be reluctantly for sale by Citigroup, under pressure to raise capital.
Stocks fell sharply in the final minutes of trading as investors continued to pound bank stocks. All three major indexes were trapped in a yo-yo pattern today, pulled by gains in techs and losses in banks.
Stocks opened slightly lower Friday, led by banks after British bank Lloyds posted a bigger-than-expected losses.
Stocks staged a comeback in the final hour of trading Thursday following news that the Obama administration is mulling a new plan to subsidize mortgage payments for homeowners in jeopardy. In other words, the market finally got what Treasury Secretary Geithner failed to deliver: Details.
Harriet wants to know, “since consumer discretionary is historically one of the earlier sectors to turn after a recession when should investors start getting long?”
Who's going to pay back the TARP first? The first bank to do this will likely see its stock skyrocket.
The pace of corporate layoffs picked up sharply in January 2009, reflecting the worsening US recession.
A new report from online foreclosure sale site, RealtyTrac, shows a 10 percent decrease in foreclosures from the previous month. Foreclosures are still up 18 percent from January of 2008. Good news, no? No.
Exams for 18 or so of the biggest banks set to begin soon could lead to dramtic re-regulation of American finance.
I keep looking for signs of economic light at the end of the tunnel, and yet this credit card crisis scares me too much to get hopeful yet, says Patricia Chadwick, founder & president of Ravengate Partners.
For nearly 700 lucky Merrill Lynch employees, 2008 was a million-dollar year, even though the brokerage firm lost $27 billion.
Did you watch the the hearings held on Wednesday? Isn’t Congress stupid?
The Dow closed higher as Wall Street bank executives squirmed before Congress over how they used $176 billion in bailout money.
Plus, the Mad Money host reacts to bank CEOs' congressional testimony.
Stocks closed slightly higher as Wall Street welcomed news that House-Senate negotiators had reached agreement on an economic stimulus bill.
The Treasury Department will soon release documents providing information about the lending activities of the biggest 20 financial firms receiving government aid under the controversial program.
Wall Street bank executives found themselves eating a little humble pie on Wednesday, after being called before Congress.