The Australian and Canadian dollars lost as much as half a percent against their U.S. counterpart on Monday.» Read More
Wachovia Chairman and Chief Executive Ken Thompson told CNBC the acquisition of A.G. Edwards, announced Thursday, would double Wachovia's size and give them further reach into affluent and retirement markets. Wachovia agreed to buy A.G. Edwards for about $6.8 billion in cash and stock, creating the second-largest U.S. retail brokerage.
Cramer thinks this index will climb another thousand points by the end of the year. Owning the stocks that should get it there could do wonders for your portfolio.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.
Everyone wants to give lip service to diversification, but when it comes down to it, they still just focus on the flavor of the month. Not on Cramer’s watch.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.
People just don’t believe Cramer when he says he thinks the Dow Jones Industrial Average will see 14,548 by year’s end. That’s why all week he’s breaking down each component of the index to show the nonbelievers from where the next 1,000 points is coming. 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.
British music company EMI agreed to a 2.4 billion pounds ($4.73 billion) cash takeover from private equity group Terra Firma on Monday in what could be a final snub to long-term suitor and rival Warner Music Group.
Italy's UniCredit has agreed to buy smaller rival Capitalia for more than $29 billion in shares to create Europe's second biggest bank, with branches stretching from Sicily to Eastern Europe.
Stocks ended the week mostly higher as strong economic data, soothing comments from Federal Reserve Chief Ben Bernanke and continued M&A action kept buyers in the market. The Dow Jones Industrial Average closed the week with gains of 1.7% while the S&P 500 traded up 1.1%. Both indexes closed higher for the seventh straight week. Not so for the Nasdaq, however, which fell 0.2%.
Amid the roaring bull market, three big investors disclose details of some big trades within their huge portfolios.
Over the last 2 days The Street’s most admired investors all revealed they were purchasing more stocks. Warren Buffett, George Soros, Carl Icahn and Eddie Lampert disclosed holdings that ranged from drugs to railroads. Click here to find out exactly what they’re buying and why.
Stocks moved broadly higher and the Dow logged triple-digit gains as investors were encouraged by large investments revealed by several billionaire investors. "We're in a bull market without any question," said Ned Riley, CEO of Riley Asset Management. "You can't deny this market because there is so much money being invested."
The market appears to love Eddie Lampert's investment in Citigroup. But no one except the famed hedge-fund manager or a coterie of his senior advisers has a clue what he really wants from the banking giant except a higher stock price.
RBS Partners, an affiliate of Edward Lampert's ESL Investments, disclosed on Tuesday that it owned 15.24 million shares of Citigroup worth $782.6 million as of March 31 this year. So why is Eddie Lampert buying Citigroup and what does it mean for CEO Chuck Prince?
Responding to recent calls for General Electric to spin off NBC Universal, GE Chairman and CEO Jeffrey Immelt said he sees strong growth ahead for the news and entertainment unit but that "nothing is safe."
Forget the small fry and medium-cap companies: Andy Bishel thinks some of the market's largest names have the richest potential. The CIO of SKBA Capital Management gave "Morning Call" viewers two stock recommendations that may surprise them.
Question #1: Brent from New York has a question about the grocers. Grocery stocks like Safeway (SWY) and Kroger (KR) have been on a tear the last year with gains of 50% or more. Is there further upside potential in this sector?
In a partial verdict decision, a U.S. jury found former brokers and day-trading executives not guilty on most of the counts they faced in a trial over improper use of information broadcast over brokers' internal " squawk box" systems.
Citigroup's management upheaval is showing no signs of abating. The latest twist comes in the aftermath of the company's recent purchase of Old Lane Capital, run by former Morgan Stanley executive Vikram Pandit.
Joseph Keating, chief investment officer at First American Asset Management, told CNBC’s “Squawk on the Street” that dividend stocks are a good bet in retirement.
Shares in Rio Tinto retreated as much as 4% on Thursday, a day after surging to a record onspeculation BHP Billiton may make a $100 billion-plus takeover bid.
Shares in mining group Rio Tinto surged on Wednesday on talk that bigger rival BHP Billiton was planning a bid which would create the world's fifth biggest company, although Rio denied it had been approached.