Less than a week ahead for the FOMC, and this CEO says banks are ready for low interest rates.» Read More
In a step that could accelerate a shakeout of the nation’s banks, the Treasury Department hopes to spur a new round of mergers by steering some of the money in its $250 billion rescue package to banks that are willing to buy weaker rivals, according to government officials.
The Dow again swung in a roughly 775 point range (about 9 percent), and yet the markets felt....stable.
At least there was some good economic news today: both CPI and core CPI were below expectations, so inflation concerns are indeed receding.
Ted Parrish, portfolio manager at Henssler Equity Fund, told CNBC it's a good time to take advantage of what big-cap stocks offer.
Stocks will take their cue from credit markets in the week ahead and whether they are responding to any of the government's efforts to thaw the glacial credit freeze.
The US Treasury’s plan to inject cash directly into banks may be more effective in battling the credit freeze than having the government buy the banks' troubled mortgage debt ... provided the right banks get the cash.
Getting dumped stinks. You think you’ve found a wonderful partner only to realize those feelings aren’t returned. Poor Citigroup! Find out what Dick Bove has to say about the mess.
Here's our Fast Money Final Trade. Our gang gives you tomorrow's best trades, right now!
All major U.S. Indices end the third quarter on a historic note. The Dow and S&P 500 had their fourth consecutive quarterly drop, tumbling 4.40% and 9.01% respectively. The NASDAQ Composite fell the most among the major Indices for the quarter, down 9.19%.
The rise in futures is welcome by those hostile to the bill, who argue that the market should go it alone. To purists, the collapse of bank prices simply means that more and more of the bad news is factored into the market.
Don't judge all financial stocks by the Lehman-AIG-Merrill meltdown. Commercial banks look strong and will get stronger, according to Richard Bove and Jack Bouroudjian. The expert strategists offered their recommendations to CNBC. (Part One)
Futures are practically unchanged, with many traders noting this morning that hedge fund and mutual fund companies are continuing to see redemptions, and the profit outlook is still poor. As a result, there is debate about how strong buying interest will be here.
After hours CNBC’S Steve Liesman reveals late details of the government's plan to rescue the financials.
Investment banks are out, and a new breed of bank is in.
Cramer makes the call on viewers' favorite stocks.
Plus, have we hit a bottom in financials? What banks are worth buying?
Top economists discuss the fate of Lehman Brothers and how the company's outcome will affect the stock market while the CEO of Ford restructures his company—focusing on improving fuel mileage and efficiency. Plus, Hurricane Ike is expected to strike the southern US coast early on Saturday, bringing a massive storm surge that could prove fatal for those who have not left the area. Following are today's top videos:
Despite all the trouble in financials right now, the sector as a whole has been outperforming since July.
Lehman Brothers reported a record $3.93 billion quarterly loss, while top economists debated over the GSE takeover of Fannie Mae and Freddie Mac. Following are today's top videos:
Plus, Cramer makes calls on Disney and the impact of hedge funds on commodity stocks.