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Stocks Citigroup Inc

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    The Dow fell sharply on Monday after S&P jolted three leading U.S. banks with downgrades and Wachovia ousted CEO Ken Thompson. What's the "Word on the Street?"

  • Credit Crunch

    Downgrades of three U.S. investment banks, an ouster of Wachovia's CEO and a bleak U.K. housing outlook reignited fears about the global credit crunch.

  • The latest shoe to drop came this afternoon when Standard & Poor said it was lowering the ratings of Merrill Lynch, Lehman and Morgan Stanley. Traders, though, say the move was not really a surprise and is trailing the market's view.

  • Looking at the historical returns of the Dow for the month of June, today's swoon is not a big surprise.  But are there rays of light for investors as the summer days begin?

  • A Wachovia branch bank is shown in a Charlotte, N.C. file photo from July 20, 2006. After a rough year, the banking industry appears headed for another in 2007. (AP Photo/Chuck Burton, File)

    Wachovia ousted its chief executive, following growing legal troubles and loanlosses tied to the purchase of a big mortgage lender just before the housing market imploded.

  • Credit Crunch

    Standard & Poor's cut the ratings of Lehman Brothers, Merrill Lynch and Morgan Stanley and said the outlook for large US financial institutions is now mostly negative.

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    Some of the nation’s biggest banks have closed their doors to students at community colleges, for-profit universities and other less competitive institutions, the NYT reports.

  • Cell phone tower, telcom, telecom

    China Telecom and its state parent will pay more than $14 billion to buy a wireless network owned by the China Unicom group, entering a lucrative mobile arena in the first deal reached under Beijing's sweeping overhaul of the world's largest telecoms industry.

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    Next week could be the biggest week for oil and other commodities in years, says Guy Adami. What's the "Word on the Street?"

  • If so, it could spark a marketwide rally, Cramer says.

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    Here's our Fast Money Final Trade. Our gang gives you tomorrow's best trades, right now!

  • Is this a once in a generation chance to buy financials?

  • Stocks closed at their highs for the day after bouncing up and down throughout the session.

  • Cell phone tower, telcom, telecom

    China will issue three Licenses for high-speed third-generation mobile phone services and called for a merger of China Unicom and China Netcom, two of its four biggest telecoms providers, in a long-awaited industry revamp.

  • Oil's relentless ascent finally pushed stocks over the edge, abruptly snapping the market's two-month rally.  The Dow dropped 3.9% for the week, dragged down by GM's 15% decline. Crude jumped $6 this week, settling at $132.19 a barrel. All U.S. financial markets are closed Monday.

  • Stocks held onto modest gains, boosted by an an unexpected drop in jobless claims and merger buzz in the utility sector. Oil was a bargain around $132, after earlier surpassing $135 a barrel.

  • Tomorrow a Société Générale special committee will unveil a long-awaited report into how one 31-year-old trader was able to build up €50 billion in long positions and then give everyone the impression his huge bets were low-risk.

  • Stocks held onto modest gains, boosted by an an unexpected drop in jobless claims and merger buzz in the utility sector. Oil was a bargain around $132, after earlier surpassing $135 a barrel.

  • Swiss bank UBS launched a deeply discounted rights issue worth 16 billion Swiss francs ($15.55 billion) on Thursday at a third below its latest market price in a bid to lure investors to repair its battered balance sheet.

  • Stocks held onto modest gains, boosted by an an unexpected drop in jobless claims and merger buzz in the utility sector. Oil was a bargain around $132, after earlier surpassing $135 a barrel.