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Today, the US Treasury, the Federal Reserve, and the FDIC announced measures to stabilize the financial markets, to build capital to increase the flow of financing to U.S. businesses and consumers, and to support the U.S. economy.
Stocks shot out of the gate Tuesday, a nice chaser to the Dow's biggest one-day point gain in history, after the government announced a plan to buy stakes in the nation's largest financial institutions.
Wall Street looked set for another rally Tuesday, after the Dow recorded the biggest one-day point gain ever on Monday, as world markets continued to surge.
The US government will 1) take a $250 billion equity stake in the form of preferred shares which cannot be redeemed for three years, 2) guarantee bank-to-bank lending, and 3) remove deposit insurance levels for non-interest bearing accounts.
Asian stocks surged, with Japan's Nikkei finishing 14% higher Tuesday after governments around the world readied plans to take stakes in banks to keep the global financial system from collapsing.
The best stock market day in 75 years will no doubt be followed by a less enthusiastic Tuesday session. But the good news is the international effort to thaw the credit freeze may have finally given the markets at least a temporary jolt of confidence.
With officials suggesting that the government will likely buy bank stocks soon, should you beat them to the punch?
Wall Street roared back from its worst week ever with one of its best single days ever on Monday...
Stocks bounced back from their worst week ever with one of their best performances in history as investors cheered a global cash infusion designed to unthaw the credit market and avoid a global meltdown. The Dow gained more than 900 points, its biggest one-day point gain ever.
We appear to have had a rare 90 percent upside day, where 90 percent of the volume was to the upside, and 90 percent of stocks to the upside.
Stocks bounced back from their worst week ever as investors cheered a series of measures and cash injections by governments and central banks designed to prop up the banking sector and avoid a global meltdown. The Dow was up nearly 500 points, or more than 5.5 percent.
Big CEOs (Lloyd Blankfein from Goldman, John Mack from Morgan Stanley and Vikrim Pandit from Citigroup) are all meeting with officials from the Fed and Treasury at this moment to agree on a financial market stabilization initiative.
Stocks rallied at the opening bell Monday following a series of measures and cash injections by governments and central banks designed to prop up the banking sector and avoid a global meltdown. The Dow was up about 400 points, or 5 percent, within the first few minutes of trading.
As the markets come off one of their worst weeks ever, the CBOE Volatility Index has surged to record levels. When will things settle down?
Wall Street looked set to rally Monday following a series of measures and cash injections by governments and central banks designed to prop up the banking sector and avoid a global meltdown.
Federal officials assured Mitsubishi UFJ Financial Group that its planned investment in embattled Morgan Stanley would be protected, the New York Times reports.
Leaders on both sides of the Atlantic make bold promises to rescue the global financial system, but are still racing to work out the details to calm battered stock markets, the New York Times reports.
Stocks will take their cue from credit markets in the week ahead and whether they are responding to any of the government's efforts to thaw the glacial credit freeze.
The continued turmoil in the financial markets could spark a wave of mergers among banks and remaining brokerage firms in the coming weeks, according to Wall Street executives.
The Mad Money host lays out his strategy to get this economy and market back on track.