U.S. Bank is refunding about $48 million in the latest federal settlement over improper billing for products that customers didn't receive.» Read More
Credit-card delinquencies are likely to become the next flashpoint in the credit crisis, though the impact on the economy won't be as severe as the housing slump, analysts say
Michael Yoshikami, president and chief investment strategist at YCMNET Advisors, says if we haven’t hit the market bottom already, we’re at least two-thirds of the way there.
This once-great company now operates in some of the worst parts of the economy.
Stocks logged a 200-point gain amid news that lawmakers are close to reaching an agreement on a Wall Street bailout.
Stocks shot up after a report that lawmakers are very close to reaching an agreement on a Wall Street bailout.
Stocks rallied Thursday amid hopes that a bailout will get passed this week. However, gains were curbed by worries about General Electric's lowered outlook and misses in two key economic stats.
Stocks opened higher Thursday amid hopes that a bailout will get passed today. However, gains were curbed by worries about General Electric's lowered outlook and misses in two key economic stats.
Futures cut their gains in half after two economic reports — jobless claims and durable-goods orders — missed their targets and General Electric lowered its outlook. But they still pointed to a higher open for Wall Street as hopes for progress on the government's proposed bailout for the financial system grew, despite uncertainty about how the $700 billion plan would work.
Stocks coasted to a positive finish, fueled by better-than-expected sales from General Motors, short covering and a pop in a manufacturing gauge, in what was a rollercoaster start to the first half.
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!
Q: On Fast Money's Trader Radar we look at the stock that was lighting up screens across Wall Street today. Introduced to the world in 1985 by Sears, this company is now the third largest credit card issuer after Mastercard and Visa. But investors today were left wondering if it really did pay to own this stock, as the company said customers were falling behind on payments. Who is it?
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.
MasterCard, the world's second-largest credit-card network, said it will pay American Express up to $1.8 billion to settle a lawsuit that said MasterCard and Visa blocked banks from issuing cards from their rival.
CVS, Nike, Darden and Research in Motion are just a few of the names he likes.
In Tuesday’s Web Extra the traders reveal how to play the credit card space with Discover suing Visa and Mastercard for roughly $6 billion.
The Federal Reserve on Friday joined other U.S. banking regulators in backing new limits on certain billing practices by credit card companies.
Visa reported earnings that easily outstripped expectations in its first ever results as a publicly traded company, but the company's shares declined in extended trading.
Cramer makes the call on viewers' favorite stocks.
Is it time to jump back into beaten-down financial stocks--or is it still too early? Even the financial giants themselves can't agree.