Stocks Citigroup Inc

More

  • Cramer offers his plan of action to handle a 358-point decline.

  • Is a long/short strategy suggested by the likes of Goldman Sachs Thursday the right trade in this market?

  • graphic_word_ofthe_street.jpg

    Who needs theme park thrill rides when you’ve got Wall Street. The Dow tumbled by 358 points after oil climbed to $140 for the first time ever. What's the "Word on the Street?"

  • The Dow closed at its lowest level in nearly two years after a downgrade on brokerage stocks and a slew of weak earnings and economic reports.  Several Dow components and several financial stocks hit multiyear lows, with the biggest shock coming from GM, which fell to its lowest in more than 50 years.

  • The Dow dropped to its lowest level in nearly two years after a downgrade on brokerage stocks and a slew of weak earnings and economic reports.  Several Dow components and several financial stocks hit multiyear lows, with the biggest shock coming from GM, which fell to its lowest in more than 50 years.

  • European shares fell to their lowest close since October 2005 on Thursday, with banks the heaviest-weighted losers after a bearish note from Goldman Sachs reignited fears of further losses in the sector.

  • The Dow dropped to its lowest level in nearly two years after a downgrade on brokerage stocks and a slew of weak earnings and economic reports.  Several Dow components and several financial stocks hit multiyear lows, with the biggest shock coming from GM, which fell to its lowest in more than 50 years.

  • Citigroup Center

    Citigroup may suffer $8.9 billion of second-quarter writedowns, forcing it perhaps to cut its dividend again, while Merrill Lynch may incur $4.2 billion of writedowns, Goldman Sachs analyst William Tanona wrote on Thursday.

  • So let's see, we have problems: 1) it's another beat-up-the-brokers day, let's take the estimates down (see below); 2) With the Fed out of the way, it is now all about second half earnings and guidance. Several important companies have been notably downbeat on their outlooks today:

  • Stocks tumbled out of the gate Thursday after a downgrade on brokerage stocks and disappointing earnings from two tech giants.

  • Citigroup Center

    Citigroup may suffer $8.9 billion of second-quarter writedowns, forcing it perhaps to cut its dividend again, while Merrill Lynch may incur $4.2 billion of writedowns, Goldman Sachs analyst William Tanona wrote on Thursday.

  • Overstock.com and its outspoken leader are going after some big fish on Wall Street. Overstock Chief Executive Patrick Byrne has filed a $3.4 billion lawsuit against brokerage firms alleging a “massive, illegal stock market manipulation scheme.”  The suit has left some power players fit to be tied, including Marketwatch.com columnist Herb Greenberg. As fate would have it, our cameras were rolling on Greenberg's fit.

  • Deutsche Postbank shares rose  6.8 percent on Wednesday on a tide of European bank takeover speculation even as German banks signaled unwillingness to overpay for the country's biggest retail lender.

  • The company is quietly reconsidering its pledge not to raise interest rates on cards at any time, for any reason ... like being late on an unrelated bill, the New York Times reports.

  • Energy concerns weighed heavily on Wall Street on Tuesday. What follows are the day's video highlights.

  • Stocks ended lower as a midday rally fizzled by the closing bell. Financials held onto modest gains.

  • Stocks moved higher as a fallback in oil prices and a recovery in financial shares helped reverse an earlier decline.

  • Strategas Research analysts today say the market looks oversold and could be setting up for a short-term rally. In a note today, the firm looked at the record level of short interest and other factors. Last week, the percent of short interest on the NYSE was at 4.2 percent, an all time high.

  • Stocks moved higher as a fallback in oil prices and a recovery in financial shares helped reverse an earlier decline.

  • U.S. stock index futures pointed to a lower open for Wall Street Tuesday -- the first day of the two-day Federal Reserve interest-rate meeting -- after package-delivery company UPS said after the bell Monday its profit would miss market expectations.