Big banks got a first-quarter surprise: consumer deposits outpace banks' commercial and corporate client account growth. » Read More
THANK YOU, ANGELO!" That was the phrase I heard from someone who just received his settlement checks in a class action suit against Countrywide, now owned by Bank of America. He received five checks, each for $16...
The Dow rose sharply on Thursday after the government reported the economy grew at a surprisingly robust clip in the second quarter and oil prices eased.
Stocks advanced Thursday after second-quarter GDP was revised to show growth was more robust than first thought and oil receded to around $116 a barrel after earlier topping $120.
With the Democratic National Convention starting yesterday, the conversation over which candidate will be better for the economy will heat up. Here are some stats on the Dow and presidential elections. With the exception of FDR's takeover for Herbert Hoover, it looks like "Change" seems to be less favorable to the markets than continuity when a Republican is in office. The best year for the Dow, on the other hand, occurred under a Democrat's administration.
Stocks declined Monday, led by financials, as investors waited for some resolution on Fannie Mae, Freddie Mac and Lehman Brothers following rampant speculation last week.
Stocks declined Monday as oil prices ticked higher. Volume is expected to be low this week as the summer winds down.
Indiana has sued Countrywide Financial, becoming the latest state to take the mortgage lender to court over its lending practices.
The bottom line on Lehman Bros.: All the talk about a possible investment in Lehman from Korea Development Bank -- or anyone else -- is really beside the point. The reason Lehman has dramatically underperformed even its poorly performing peers this year is the large exposure they have to the worst performing parts of the market.
If you're going to risk investing in financials, invest in the ones that are assured to survive the credit fallout. Your best bets -- Bank of America and JP Morgan Chase, a strategist told CNBC's Asia Squawk Box Friday.
The options market continues to boil on the outlook for the financial sector and market volatility in general, according to Rebecca Darst of Interactive Brokers. And one pharamceutical company is drawing attention as well.
Mark writes, “Does Soros’ purchase of 9.5 million shares of Lehman make you more bullish on this name?”
Major U.S. indexes ended a choppy session higher, helped by a late rally in banks and better-than-expected results from Hewlett-Packard.
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.
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.
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.
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.
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 opened mixed Monday as oil retreated and geopolitical concerns eased but financials suffered from a fresh wave of concerns.
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.