Stocks Citigroup Inc

  • Disgraced CEO Richard Fuld, who oversaw the demise of venerable Lehman Brothers that helped tip the credit crunch into a full-blown crisis, will testify at a congressional hearing this week.

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    Their times and personalities are vastly different, but J. Pierpont Morgan’s role in the Panic of 1907 has its echo in Warren E. Buffett’s actions during the current financial troubles, says the New York Times.

  • 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.

  • Wall Street was set to plunge at the open Monday as a $700 billion plan approved by Congress on Friday failed to restore confidence in the global banking system.

  • Wall Street In Crisis - A CNBC Special Report

    Disgraced CEO Richard Fuld, who oversaw the demise of venerable Lehman Brothers that helped tip the credit crunch into a full-blown crisis, will testify at a congressional hearing this week.

  • European nations scrambled on Sunday night to prevent a growing credit crisis from bringing down major banks and alarming savers as troubles in financial markets spread around the world, accelerating economic downturns on three continents, the New York Times reported.

  • The Wachovia boss may have proved his worth this week, but his peers are still worthy of skepticism.

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    In a live telephone interview today (Friday) on CNBC, Warren Buffett reacted to the House of Representative's approval of a financial rescue package.   He also revealed the two domestic stocks that he personally owns, as opposed to the many stocks owned by his holding company, Berkshire Hathaway.   This is a complete transcript of that conversation.

  • Turns out Wachovia's CEO was more hero than villian. It's just that Cramer didn't know until the Wells Fargo deal was announced.

  • Hundred Dollar

    The stumbling economy and the specter of a rough earnings season will pressure stocks in the week ahead.

  • 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.

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    Wall Street ended its worst week in seven years with another tumble on Friday...

  • NYSE traders

    Wall Street capped its worst week in seven years with a late day selloff as traders briefly celebrated the House's approval of the Wall Street bailout, then yanked their positions ahead of the weekend.

  • For the week ending Friday, October 3, 2008,  the major U.S. Indices declined steeply on continued uncertainties over the financial bailout / rescue plan, concerns in the credit markets and more economic deterioration.

  • Stocks hovered around the flat line Friday afternoon after the House approved the revised $700 bailout bill for Wall Street. Apple shares recovered as did shares of Hartford and other insurers.

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    In a live interview minutes after the House of Representatives passed the bailout bill, Warren Buffett told CNBC's Becky Quick that the measure is not a "panacea." While the rescue package will provide some tools to deal with the financial crisis and prevent what could have been a far worse situation, Buffett predicted that it will be quite a while before the economic recession bottoms out.

  • Stocks rallied Friday as investors pinned their hopes on the House passing the bailout bill today. Apple shares recovered after the company denied a rumor about Jobs' health.

  • That's not Wall Street! Here's the headline of the day: California might need emergency loan of $7 billion--unable to access routine short-term loans.

  • The revised bailout bill being debated by the House not only provides $700 billion for rescuing financial markets but extends billions more in tax breaks for renewable energy, businesses and middle class workers