Stocks Bank of America Corp

  • A Bank of America branch.

    Bank of America sold 455 million shares at $22 apiece Tuesday, raising $10 billion, a syndicate source said.

  • Some Merrill executives believe collateral demands by JPMorgan Chase pushed Merrill into the arms of Bank of America.

  • How discouraging was today's midday drop to traders? "Why even play?" one trader said to me. "This is what I call the 'P. Diddy market'...You'd save money by doing the Diddy: renting a yacht, and sailing it full of party people, come back in a month or two, and you would have saved money." Cynical, huh? But that's the way the Street has become...

  • Fixing whats broken

    Now that the Congress passed its big bad bill to save the economy or at least shore up the credit markets, attention is turning back to the crux of the whole problem; that being foreclosures.

  • Plus, Cramer offers his thoughts on NYSE, Bank of America and the Federal Reserve's attempts to save this market.

  • Stocks declined after a brief uptick as Fed Chairman Ben Bernanke seemed unable to soothe this cranky market for more than five minutes.

  • Stocks rose Tuesday after the U.S. Federal Reserve announced a major step to help support strained commercial-paper markets.

  • It may not be the bottom -- but it's *enough* of a bottom to get back into the market, says Scott Redler, chief strategic officer at T3live.com.

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    As the stock market swoons, investors are watching their paper losses mount and their retirement accounts dwindle. As the most trusted names in banking and brokerage have fallen like dominoes — despite reassurances from top executives that nothing was wrong — what message or slogan could possibly reassure a jittery public? The New York Times has the story.

  • Stocks rose Tuesday after the U.S. Federal Reserve announced a major step to help support strained commercial-paper markets.

  • Futures declined Tuesday after the U.S. Federal Reserve announced its fourth-quarter term auction schedule, unnerving investors who anxiously await signs of some coordinated response by global central banks to unfreeze the credit markets.

  • Despite a belief that lowering rates may not do much, most traders disagree. Cutting rates is an attempt at reflation, and at this point that has become a major concern. Paying interest on reserves--which the Fed is now doing--is also a form of lowering rates.

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    The Dow closed below the psychologically important 10,000 level on Monday trading at intra-day levels not seen in almost five years...

  • Maria Bartiromo discusses Monday's top business and financial stories, and looks ahead to tomorrow.

  • The Dow pared its massive loss in the final hour of trading Monday after fear that the credit crisis is spreading rippled through world markets. The blue-chip index ended down about 370 points, after being down as much as 800 at one point.

  • The Dow dropped below 9,600 Monday after global markets took a pounding amid fear that the credit crisis is spreading around the globe.

  • The Dow dropped below 9,900 Monday after global markets took a pounding amid fear that the credit crisis is spreading around the globe.

  • Credit Cards

    As the credit crunch weighs on the financial services sector, credit card issuers are tightening lending terms with consumers, from lowering borrowing limits to closing dormant accounts, to lower their risk profile.

  • The Dow dropped below 10000 Monday after global markets took a pounding amid fear that the credit crisis is spreading around the globe.

  • As European authorities renegotiated two bailouts this weekend, Europe is opening notably weaker today as most bourses are down about 4 percent; the UK and France hit a four-year low, France a two-year low.