Despite good news from our parent General Electric we are again being pushed around by oil at a record price, and by Fannie and Freddie. Both are down big (about 50 percent) this morning, largely on a New York Times story that the federal government was considering placing one or both of them in a conservatorship.
It's time for the Fast Money market midterm. Our topic is the housing market. Hope you studied because this one could be ugly!
Still here at the BofA homebuilders conference. I met with an analyst down in the lobby from a competing investment bank. He's here meeting with reps from the builders and just did Ryland. He says they told him, "We have nothing positive to say about the housing market."
I'm working the Bank of America home building conference in New York today, moderating the lunch panel and sitting in on presentations by the major builders.
Following are the day’s biggest winners and losers. Find out why shares of Apple and Monsanto popped while American Express and Cinemark dropped.
Stocks fell sharply Tuesday as a warning from Goldman Sachs that banks may need to raise another $65 billion rippled through the market, offsetting any positive impact from Goldman's earnings.
Stocks gave up early gains Tuesday as investors weighed better-than-expected earnings from Goldman Sachs and a sharp jump in wholesale inflation. Oil climbed more than a dollar, trading between $133 and $134 a barrel.
So there’s a bit of a blurb in the Wall Street Journal today about billionaire hedge-fund manager Edward Lampert and his ESL Investments Inc. buying into a few home builders (Centex and KB Home) as well as a few mortgage lenders (PHH and CIT) and Home Depot just to boot.
U.S. home builders, struggling under sinking demand and a credit crisis, now face a fresh obstacle: competition from a flood of homes in foreclosure.
A new favorite gadget doesn’t always equate to a new favorite investment.
Stocks plunged after the Federal Reserve cut its 2008 outlook and oil finished above $133 a barrel. The Dow shed more than 227 points, or 1.8 percent, bringing its two-day point decline to about 450.
The Dow has dropped 450 points in the last two days. Most of this is due to the record high price of oil, but at 2 PM ET today the markets dropped further as the Fed came out with its minutes, wherein they...
If it worked for President Gerald Ford in 1975, it could work now.
When Fannie Mae has a day like Tuesday but still goes up anyway, what's a bear to do?
A hedge fund manager argues in the WSJ that the housing market is bottoming. Is he right… or out of his mind?
The first of May is a day when a lot of people (including traders) are off all over the world (it's also the title of a very fine Bee Gees song, c. 1969). Futures dropped a bit as jobless claims were a bit stronger than expected; nonfarm payroll report is tomorrow.
A reading of U.S. homebuilders' sentiment remained unchanged in April, just shy of its record low for the third consecutive month as the housing market failed to recover.
Why's Congress handing money to homebuilders that homeowners should get?
Cramer makes the call on viewers' favorite stocks.
So we have yet another plan to help save homeowners in trouble, the latest in a long string of proposals. Are they enough to solve the housing market's problems? Is this a game changer? There's plenty of skeptics who think the answer is an outright no.