Warren Buffett's high-profile defense of Goldman Sachs has provoked sharp negative reactions this week, but there is also at least one prominent defender.
What follows is a roundup of corporate earnings reports for Friday, May 7 .
In the course of two weeks, stocks have gone from being "overbought" by some measures to being deep in correction mode.
Stocks staged one of the most dramatic selloffs in market history Thursday as what may have been a trader error exacerbated losses in a market already jittery about the European debt crisis. The Dow ended down about 350 points and the VIX was above 34.
Cramer makes the call on viewers' favorite stocks.
Stocks pared their losses on Wednesday after a weak open, but the market remained skittish after Moody's put Portugal's debt rating on review. Dan Denbow, co-portfolio manager of USAA Precious Metals & Minerals Fund and Jim Meyer, chief investment officer and co-founder of Tower Bridge Advisors shared their insights.
Over the last 12 month picking winners was a little like stealing candy from a baby. Just 25 stocks in the S&P 500 fell in the period. But the tide is turning.
Markets could see a correction in the June to July time frame, said Tobias Levkovich, chief U.S. equity strategist at Citi. He shared his market outlook with investors.
Stocks closing near highs for the day; the big beta names are the movers. REITs, Transports, Home Builders, Retailers, Casinos all leading the charge. Dow Transports the first of the major indices to punch through to new closing high. BUT also bear in mind that this is the first day of the month, when new trades are often put on.
"The Rock" is still held by many as a solid name when it comes to insurance and Prudential is reaping the benefits of that image, according to Andrew Kligerman, a life insurance analyst at UBS.
Warren Buffett defended Goldman Sachs as it faces SEC fraud accusations and talked about the signs of "real strength" he's seeing in the U.S. economy during a live interview in Omaha today, May 3, 2010 with Becky Quick on CNBC's Squawk Box. Here are video clips and a transcript of their conversation.
Warren Buffett tells CNBC this morning that he does not see a "problem" with the Goldman Sachs Abacus deal at the center of SEC fraud charges against the firm. Buffett also endorses CEO Lloyd Blankfein, saying he's done a "great job" at the company and should continue as CEO.
Police are continuing their investigation of a botched car-bombing attempt in New York’s Times Square on Saturday. Was a terror premium already built in or are markets discounting the event? John Brady of MF Global shared his market insights.
Warren Buffett tells CNBC the U.S. economy has started to show signs of "real strength" in March and April, and it's not just companies replenishing their inventories. Buffett says there's been an increase in manufacturing activity and some improvement in consumer demand as people regain confidence.
Warren Buffett's strong defense of Goldman Sachs spacer against SEC accusations of fraud dominates the day-after headlines from coverage of this year's Berkshire Hathaway shareholders meeting in Omaha.
Warren Buffett tells CNBC that Goldman Sachs "has lost the PR battle at this point" as it responds to SEC accusations, but he does not think the firm has committed fraud. In a taped interview with Becky Quick ahead of today's Berkshire Hathaway shareholders meeting in Omaha, Buffett says Goldman has suffered because it did not respond quickly enough to the announcement of the SEC's complaint against the firm. Here's the video and transcript of their conversation.
Warren Buffett is defending Goldman Sachs before shareholders at the Berkshire Hathaway annual meeting in Omaha, saying, "It's hard for me to get terribly sympathetic" with the alleged victim in the SEC's case against the Wall Street giant. Buffett also says "we love" Berkshire's investment in Goldman.
The question for markets in the week ahead will be whether to ride a wave of better economic and earnings news—or give in to a growing list of worries.
As the financially faithful descend on Omaha for Berkshire’s annual shareholder meeting, what will Warren Buffett say to them about Goldman Sachs?
In just a few weeks, Goldman Sachs has gone from Wall Street darling to favorite punching bag.