It's never pretty on Wall Street when the action in Washington rules the markets. That's certainly been the case this week, while Congress wrestles with the merit and shape of the $700 billion financial markets rescue package, proposed by Treasury Secretary Hank Paulson
Warren Buffett is driving the latest ambulance to show up on Wall Street, and his first aid may in fact give a boost of confidence to the market and Washington's rescue process.
The scorching volatility ripping through financial markets is not likely to let up while details of the government's rescue plan are being worked out.
Stocks whipsawed back into positive territory after regulators in the US and Europe took aim at short sellers and progress continued toward resurrecting the Resolution Trust Corporation to dispose of bad bank assets.
The storm hitting Wall Street ramped up to category 5, and it's not over. Wednesday's markets illustrated in every way the fears investors have been living with since the credit crises began a year ago.
CNBC's Maria Bartiromo discusses Wednesday's market turmoil and looks ahead to Thursday's events.
Plus, Cramer opines on a retail resurgence and ConAgra.
Following are the day’s biggest winners and losers. Find out why shares of Staples and Honda popped while Nokia and ConAgra dropped.
Oil continues to trend downward, and airlines are again among the most actively traded pre-open (I noted yesterday that oil is down 27 percent since its July highs but the S&P 500 is only up about 5 percent since its July lows);
Ospraie Fund, a big commodities fund partly owned by Lehman Brothers, is closing down after big losses. Lehman's 20% stake in Ospraie is part of the assets being shopped to raise capital.
O'Reilly Automotive is a play on a new trend in American car ownership.
While the headline appears to be more confident than the piece itself, in Warren Buffett Will Buy This Stock Next, Stockpickr's James Altucher identifies two stocks that might be attractive to Warren Buffett as he continues his search for a big acquisition.
By anyone's reckoning, it was a rough week. Crude oil continued its relentless climb; banks and brokerages gave hints of more discouraging news; government data pointed to a weak economy; even strong companies like Nike, Oracle, and Research In Motion issued cautious guidance; and Federal Reserve policymakers, widely perceived as powerless to help, left interest rates unchanged. But all week, even through the worst of the market's sell-offs, CNBC guests offered
Stocks could continue to let off steam at the open Friday.
Following are the day’s biggest winners and losers. Find out why shares of Bed Bath & Beyond and DaVita popped while ConAgra and MGM dropped!
ConAgra Foods forecast earnings below analysts estimates and said it shipped fewer products in its key consumer foods segment, sending shares to their lowest level in more than two years.
Nearly 1.5 billion shares and $20 billion traded yesterday in CNBC's Million Dollar Portfolio Challenge. Check out the bets being made today...
ConAgra Foods Thursday posted higher quarterly profit, helped by results from the commodities trading and merchandising unit that it sold earlier this week.
Now that the Fed's June meeting is out of the way, the focus on economic data will intensify as investors try to find a road map for the markets.
The second half of 2008 looks mighty encouraging to Al Meyers. "It's all going to depend upon earnings," he told CNBC. "It's going to set the tone for the second half. There are some very good values out there right now."