A US federal appeals court on Wednesday concluded that FedEx Ground drivers in California and Oregon are employees and not independent contractors.» Read More
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 Fed, the European Central Bank, Bank of England, Bank of Japan, Bank of Canada, and the Swiss National Bank are all pumping dollars into the global system. Fed made an additional $180 billion available to central banks to lend out.
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.
British bank Barclays said it could acquire some of Lehman Brothers' businesses while economists discuss the future of the financial sector. Following are today's top videos:
CNBC's Maria Bartiromo discusses Wednesday's market turmoil and looks ahead to Thursday's events.
While the broader market has edged lower over the last two months, FedEx shares are up a whopping 20%. You can thank falling oil prices for some of that gain, but what about the future? Oil prices have fallen in part due to worries about a slowing global economy.
Don't believe the hype – this rally was real. Here's why.
In this Web Extra, we reveal how to trade all of next week's market moving events. Find out how to play the Fed decision, Goldman earnings, Kroger, Oracle and more.
Despite all the trouble in financials right now, the sector as a whole has been outperforming since July.
Jim Huguet, president and co-CEO of Huguet Associates, said diversifying is the way to go. He sees growth opportunities in a variety of sectors despite the economic slowdown.
These stocks look like they should be bought, right? Here's why they can't be.
The Dow closed in positive territory on Wednesday overcoming worries that the banking sector would be a drag on stocks.
After a huge drop yesterday, we got almost no bounce, advancing stocks were just barely ahead of declining stocks. Modest advances in energy and materials after being mugged for the past 6 trading sessions.
Paul Hickey is founder of Bespoke Investment Group, and the strong dollar has him looking for a powerful market rally. He's come up with a list of stocks he thinks will be riding that rally.
Stocks closed with modest gains after rallying earlier on a drop in oil prices, but investors continued to worry about financial shares.
Stocks turned higher after investors speculating that Lehman Brothers might survive its capital crunch stepped in to turn the company's stock higher in whipsaw trading.
Forget about Lehman--suppose its problems were magically solved by a buyout, or someone offered them oodles of money for Neuberger. What would happen next? The shorts would cover and simply find another target.