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  • Goldman Slashes Banks - Skewers Lehman Tuesday, 19 Aug 2008 | 8:57 PM ET

    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.

  • Bove's Financials Note: How Bad Will It Get? Tuesday, 19 Aug 2008 | 11:37 AM ET

    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.

  • PPI Hits 27 Year High Tuesday, 19 Aug 2008 | 9:33 AM ET

    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.

  • Earnings Outlook Darkens, Adding to Investor Worries Monday, 18 Aug 2008 | 2:03 PM ET

    While second-quarter earnings may have cheered investors, the darkening outlook for the third quarter may crash the party.

  • Highest Yielding Stocks On The Dow Monday, 18 Aug 2008 | 9:30 AM ET
    A Bank of America branch.

    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.

  • As of this morning, 473 (just under 95%) of the S&P 500 companies have reported earnings. Here's a look at which companies have had the biggest surprises so far...

  • Regional Firms Want ARS Underwriters Investigated Monday, 18 Aug 2008 | 12:01 AM ET

    Regional securities firms are rallying against efforts by New York State Attorney General Andrew Cuomo to have brokerage firms repay investors who purchased auction rate securities.

  • Stocks Edge Higher Friday, 15 Aug 2008 | 9:25 PM ET

    The Dow edged higher on Friday, as the continued drop in oil fueled stock market optimism. However the Fast Money traders have their eye on Goldman Sachs.

  • Wachovia Is Next Bank to Buy Back Auction-Rate Debt Friday, 15 Aug 2008 | 2:47 PM ET
    A Wachovia branch bank.

    Wachovia plans to buy back nearly $9 billion in auction-rate debt, settling federal and state probes and making it the fifth major bank this month to agree to help stabilize the debt market.

  • New York Attorney General Andrew Cuomo said Friday he is sending a letter to Merrill Lynch notifying the investment bank that his office will file suit against it imminently as part of an investigation into the collapse of the auction-rate securities market.

  • Video: Bear Market Rally or Oil Price Deflation? Friday, 15 Aug 2008 | 10:39 AM ET

    The U.S. markets closed up Thursday -- despite higher inflation and joblessness data. Is this a bear market rally or are declining oil prices at the heart of it? Jack Bouroudjian, chairman at Capital Markets Technology, and Steen Jakobsen, global head of asset management, executive director & CIO at Saxo Bank, give their insights to CNBC.

  • Stocks Give Up Gains as Energy Stocks Fall Friday, 15 Aug 2008 | 10:28 AM ET

    Wall Street shook off more signs of consumer weakness and instead focused on plunging oil prices, sending stocks up as financials continued to gain.

  • Who's Settled, Who Hasn't in Auction-Rate Probe Thursday, 14 Aug 2008 | 4:25 PM ET

    Various state regulators and the U.S. Securities and Exchange Commission are investigating whether banks and brokerages that underwrote auction-rate securities—a $330 billion market of long-term debt whose yields reset through weekly or monthly auctions—falsely or fraudulently told clients that the securities were as safe and as liquid as cash.

  • Stocks Close Higher, Led by Financials Thursday, 14 Aug 2008 | 3:43 PM ET

    Stocks closed higher, with bank shares rising broadly, though the market pulled back from its biggest gains as oil stemmed its slide.

  • Probe of Auction-Rate Debt Is Far From Over: Cuomo Thursday, 14 Aug 2008 | 3:23 PM ET
    The New York Stock Exchange, downtown New York City.

    New York Attorney General Andrew Cuomo told CNBC that his investigation into auction-rate securities sold by banks and brokerages is far from over.

  • JPMorgan, Morgan Stanley Settle Auction-Debt Probe Thursday, 14 Aug 2008 | 11:48 AM ET
    The New York Stock Exchange, downtown New York City.

    JPMorgan Chase and Morgan Stanley agreed to repurchase a combined $7 billion in auction-rate securities as part of a settlement with regulators.

  • Some Wall Street Firms Near Pact On Auction Debt Thursday, 14 Aug 2008 | 8:07 AM ET
    The New York Stock Exchange, downtown New York City.

    Some Wall Street banks and brokerages are nearing a settlement with regulators over allegations that they misled investors over the sale of auction-rate securities, CNBC has learned.

  • Dow Drops As Banks Fall Wednesday, 13 Aug 2008 | 9:03 PM ET

    The Dow declined by triple digits on Wednesday with financial shares selling off for a second straight day on fresh concerns about the widening impact of the mortgage crisis.

  • Mechanism for Credit Is Still Stuck Wednesday, 13 Aug 2008 | 10:32 AM ET
    Credit Crunch

    A year after financial tremors first shook Wall Street, a crucial artery of modern money management remains broken. And until that conduit is fixed or replaced, borrowers will see interest rates continue to rise even as availability worsens for home mortgages, student loans, auto loans and commercial mortgages, says the New York Times.

  • We were reminded today that lower commodities and a higher dollar were not going to solve all the world's problems. What happened is that financials again came to the fore and reminded everyone that: