The "Fast Money" traders share their final trades of the day.» Read More
Citigroup, HSBC and two other foreign banks on Monday officially began offering local currency retail banking services to customers in mainland China, aiming to woo potential clients with better services than local lenders usually provide.
JP Morgan Chase, the nation's largest bank, said Wednesday earnings rose 55%, reflecting strength across most of its primary business lines, although it increased reserves to offset subprime mortgage losses.
Celeb and champion poker player Chris Moneymaker widens his lead in first place to almost $60K with the smart bet on Rio Narcea Mines which was up 3.33%, and Garson lost on Mattel which was down 0.85%. AND--maybe more importantly-- Hall of Fame catcher Johnny Bench moves up two more spots from 8th to 6th on gains in American Oriental Bioengineering and CKX . Go, Johnny go!
Several large U.S. banks reported slowing profit growth on Tuesday amid struggles with interest-rate pressures and rising loan losses, including from mortgages. Wells Fargo, the fifth-largest U.S. bank, bucked the trend, boosting profit 11% despite its large exposure to the struggling mortgage sector.
Stocks are set to open higher, reversing an early negative trend, after consumer inflation data showed muted increases in core inflation. However, the CPI rose at a 0.6% rate when including food and energy, its highest rise since last April. Housing starts rose 0.8%, beating analysts expectatons but below February's increase.
Cramer thinks the market is in the middle of seeing a real revaluation of stock values. He thinks we’re experiencing the beginning of a massive move higher, and he wants to focus on the role of the banks in all this.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Investors celebrated Tax Day with a broad-based rally and the S&P 500 closed at its highest level in nearly seven years, boosted by Citigroup's strong earnings report and a surge in M&A activity. "Expectations for this quarter are quite low and so far everything has beat, which has given the market a boost," said Barry Hyman, market strategist at EKN Financial.
New York Attorney General Andrew Cuomo's office expanded a sweeping investigation into the student loan industry with subpoenas and information requests to 13 more lenders, including some of the largest U.S. banks. Among them: Bank of America; Citizens Financial Group, a unit of Royal Bank of Scotland; JPMorgan Chase; National City; PNC Financial Services Group; Regions Financial; SunTrust Banks; US Bancorp; Wachovia and Wells Fargo. Cuomo's office also sent inquiries to three closely-held student lenders: Access Group, College Loan Corp. and EdFinancial Services.
Wal-Mart, the world's largest retailer, has reclaimed its position as the largest corporation in the U.S. among the Fortune 500, pushing Exxon Mobil down to number two. With more than $351 billion dollars in revenue, the magazine ranks Wal-Mart slightly ahead of the energy giant. Wal-Mart is on top for the fifth time in six years.
Financial services heavyweight Citigroup, said Monday its first-quarter operating earnings topped market expectations, thanks to strength in its markets and investment banking businesses.
The stock market enters the week boosted by a merger-driven buzz. Asian stock markets closed higher, and merger activity is helping European markets there gain. Earnings news, retail sales for March, and the Empire state manufacturing survey could all influence trading. Retail sales for March were up 0.7%, more than expected.
Cramer can't help but be sad on a Friday -- that means no more Lightning Rounds until Monday. Home Gamers can make due with his calls on JetBlue, Citigroup, Eli Lilly, Crocs and more...Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
As corporate earnings reports begin in earnest next week, merely meeting Wall Street expectations may not be good enough. Companies may have to beat forecasts to compete for investor dollars.
Citigroup said it is acquiring Old Lane Partners, an alternative asset manager co-founded by formerMorgan Stanley executive Vikram Pandit.
Federal and state lawmakers are looking at ways to stem the growing ranks of homeowners who are unable to meet their mortgage payments.
In Round 1 of tonight's Street Fight, Herb is lashing out at Tim for bullish comments he made a month ago on Sandisk (SNDK).
A new report from Congress' Joint Economic Committee finds every foreclosure in America costs combined stakeholders $80,000, and with 1.8 million adjustable rate mortgages scheduled to reset this year, the foreclosure rate will only rise.
Citigroup plans to eliminate 17,000 jobs, or 5% of its workforce, as part of a broad restructuring plan designed to cut costs and bolster its long underperforming stock price.
Serendipity strikes: Much like life itself, we often plan segments for our shows that don’t quite work out as we’d hoped. But we also have occasions where completely unplanned events worked out perfectly. Almost as if we’d planned them. Serendipity (one of my favorite words) struck this morning as we were getting ready for a “Squawk Box” segment featuring viewer e-mails. In this case, we’d gotten the most response about an interview CNBC's Joe Kernen did with singer Sheryl Crow and global warming activist Laurie David on Tuesday, with Crow in the midst of a singing tour designed to expand awareness of the global warming issue. ...