Marty Mosby, banking analyst at Guggenheim Partners, told CNBC on Friday that patient investors could be rewarded by putting money in these four stocks.» Read More
Stocks closed sharply lower after earnings disappointments from Caterpillar and Google, as well as continuing concerns about the subprime mortgage market weighed on the major averages. "The market is getting ragged," said Phil Roth, chief technical market analyst at Miller Tabak.
Earnings remain the focus of traders going into the weekend, but analysts say the potential impact of rising crude oil and subprime troubles will also be on the minds of traders. Today is also an options expiration Friday.
Citigroup, the largest U.S. bank, said second-quarter profit rose 18%, helped by record revenue growth, especially outside the United States, and tight cost controls.
U.S. tax authorities are seeking information from two U.S. banks to determine whether complex derivatives trades they undertook for clients, including hedge funds, were designed primarily to avoid taxes, the Wall Street Journal reported in its online edition on Thursday.
The CNBC Executive Leadership Awards honor executives who have shown exemplary leadership, inspiration and innovation. More than 300 business leaders attended the third annual gala at the Pierre Hotel in New York Wednesday night and paid special tribute to legendary Federal Reserve Board Chairman Alan Greenspan.
Speculation in London newspapers over the weekend about a potential $50 billion offer on the way for Alcoa from BHP Billiton is among the largest of possible deals for traders to focus on today.
Next week a number of companies should report better-than-expected earnings. Here are Cramer's must-own names.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.
Merger news and corporate announcements were some of the catalysts behind the most actively traded stocks on Thursday.
The U.S. stock market headed toward an indifferent opening with futures bouncing above and below fair value after Tuesday's selloff. A new round of subprime debt fears on Wall Street spurred selling in equities markets around the world.
Citigroup plans to boost the number of its branch locations in Japan by 40% to about 200, including those of recently acquired brokerage Nikko Cordial, as the financial firm looks to move beyond a niche role in the world's second-largest economy.
The market is on Fed watch today as traders await a speech by Fed Chairman Ben Bernanke on inflation. Stocks are weaker ahead of the open this morning after some negative earnings news. European markets are trading lower and Asia was mixed overnight.
It has been almost a year since this Mad Money institution first aired, and now it's time to shake things up. Say hello to three new members.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.
Here it is, Jim's list of the worst CEOs in the biz. It takes years of hard work and peerless incompetence to make the cut. Well done, people.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.
Any number of things, from energy prices to Fed policy to geopolitical events, could derail what's expected to be a solid second half.
A really interesting report out from Karen Weaver, et al, at Deutsche bank does a great job of showing how the national home price “decline” number means absolutely nothing to the greater housing market. It’s a number that all you bloggers out there claim we in the main stream media like to throw around to try to scare everyone, and let’s face it, it drives the hype. But this report shows how local large MSA’s are ground zero for price corrections thanks to a change in the profile of the subprime borrower.
Ten international banks, including HSBC and Standard Chartered, have been punished by China’s foreign exchange regulator for breaching strict capital controls, the FT reported.
The Australian Branch of Citigroup, the world's largest financial institution, was cleared Thursday of insider trading and conflict of interest charges brought by the country's competition watchdog.
Citigroup is in advanced talks to buy Automated Trading Desk, an electronic trading firm, for about $700 million, The Wall Street Journal Online reported on Tuesday.
The cell phone does it all: You can take pictures, send emails, play music and watch TV. Now, you can add banking to that list. That's because some of the largest U.S. banks -- Bank of America, Citibank, Wachovia, Washington Mutual, Wells Fargo, and ING Direct – are launching mobile banking services that give you access to your accounts wherever you are.
Stocks ended the week lower as investors were rattled by rising energy prices and worries about the potential fallout from two struggling mortgage securities funds managed by Bear Stearns.