The Treasury secretary has long depended on investors like Pimco to keep failing banks afloat. What does he do now that the option's gone?
If all real estate is local, it's also true that what's ailing the market can sometimes spread from one area to the next. That seems to be the case with home foreclosures and the role of two particular kinds of alternative mortgages, which have yet to achieve the villain status of the subprime market.
Cramer makes the call on viewers' favorite stocks.
The Dow tumbled on Friday after a warning by computer maker Dell that companies worldwide are cutting back on technology spending spooked the tech sector.
Stocks advanced Thursday after second-quarter GDP was revised to show growth was more robust than first thought and oil receded to around $116 a barrel after earlier topping $120.
Stocks finished higher in feather-light trading Wednesday, boosted by a rise in financials and energy stocks, as well as a better-than-expected durable-goods report.
Stocks advanced in light trading Wednesday, boosted by a rise in financials and housing stocks, as well as a better-than-expected durable-goods report. Earlier, stocks had swayed, torn between the encouraging durables report and oil's ascent amid the threat of tropical storm Gustav.
Reeling from more than $58 billion in write-downs and credit losses Citigroup is looking to pare expenses. And one of those cost-cutting measures will be a limit on color-copying.
Lots of discussion about the "Fannie/Freddie mystery," i.e.: Why, if the common is worthless, have the stocks rallied 22 percent (for Fannie Mae) and 57 percent (for Freddie Mac) this week?
Stocks turned lower Wednesday as rising oil prices offset a better-than-expected report on durable-goods orders.
U.S. stock index futures bounced back after a better-than-expected report on durable-goods orders.
Find out why the bottom in banks might have occurred in July!
With the Democratic National Convention starting yesterday, the conversation over which candidate will be better for the economy will heat up. Here are some stats on the Dow and presidential elections. With the exception of FDR's takeover for Herbert Hoover, it looks like "Change" seems to be less favorable to the markets than continuity when a Republican is in office. The best year for the Dow, on the other hand, occurred under a Democrat's administration.
Does a $2 billion debt sale by Mr. Mac put these stocks back in the buy column?
As the value of home mortgages crumbles by the day, Wall Street has hoped that commercial real estate loans would stay clear of the storm, the New York Times reported.
The bank is suffering one setback after another, helping to prevent the market from finding any solid ground.
Three more more financial firms, including Merrill Lynch and Goldman Sachs, reached settlements over the sale of auction-rate securities, a $330 billion market that collapsed in February.
Merrill Lynch CEO John Thain met with New York Attorney General Andrew Cuomo on Thursday in an attempt to reach a settlement of the auction-rate securities probe, CNBC has learned.
Merrill Lynch reached a settlement with Massachusetts over auction-rate securities, the latest in a string a accords between regulators and Wall Street firms over the $330 billion market that collapsed in February
Merrill Lynch has until Friday to settle an auction-rate securities case with New York Attorney General Andrew Cuomo's office or it will face a lawsuit, Cuomo warned during a CNBC interview.