Lorna Wendt wanted a 50-50 split of assets from top GE executive Gary Wendt during their 1990s divorce.» Read More
The Dow pared its massive loss in the final hour of trading Monday after fear that the credit crisis is spreading rippled through world markets. The blue-chip index ended down about 370 points, after being down as much as 800 at one point.
Warren Buffett's latest moves to boost confidence and make money have The New York Times hearing echoes of J.P. Morgan's effective response to the financial crisis of 1907.
Their times and personalities are vastly different, but J. Pierpont Morgan’s role in the Panic of 1907 has its echo in Warren E. Buffett’s actions during the current financial troubles, says the New York Times.
In a live telephone interview today (Friday) on CNBC, Warren Buffett reacted to the House of Representative's approval of a financial rescue package. He also revealed the two domestic stocks that he personally owns, as opposed to the many stocks owned by his holding company, Berkshire Hathaway. This is a complete transcript of that conversation.
The stumbling economy and the specter of a rough earnings season will pressure stocks in the week ahead.
In this Web Extra find out how to trade the start of earnings season, retail sales and more.
Although it may seem like nothing's working right now the fast money is just waiting in the wings. Here's how to catch a ride.
With a Wall Street bailout finally in the history books it’s time to think about earnings. The season starts Tuesday.
Wall Street capped its worst week in seven years with a late day selloff as traders briefly celebrated the House's approval of the Wall Street bailout, then yanked their positions ahead of the weekend.
For the week ending Friday, October 3, 2008, the major U.S. Indices declined steeply on continued uncertainties over the financial bailout / rescue plan, concerns in the credit markets and more economic deterioration.
Stocks declined Wednesday as disappointing economic data added to the weight on investors shoulders over the strained credit market and haggling on Capitol Hill.
The $700B US Bailout was signed into law on Friday, and the major markets still closed down for the day after a brief rally. The week was devastating to the US stock market with a 7.34% weekly loss for the Dow, an over 9% drop for the S&P and an almost 11% drop for the NASDAQ.
What happened to our rally? Stocks rallied going into the vote. The rescue bill passed a little after 1 pm ET, floor traders broke into applause and then spent the next half hour processing sell orders.
In a live interview minutes after the House of Representatives passed the bailout bill, Warren Buffett told CNBC's Becky Quick that the measure is not a "panacea." While the rescue package will provide some tools to deal with the financial crisis and prevent what could have been a far worse situation, Buffett predicted that it will be quite a while before the economic recession bottoms out.
Alright, be honest. When you hear the words "sovereign wealth funds", don't you also hear, ever so faintly in the background... that evil empire theme from "Star Wars?"
Every year, friends of mine head up to Hong Kong to go shopping. Not at the swanky boutiques in Central or the funky shops in Causeway Bay. Nope, they go to the warehouse outlets on the other side of Hong Kong Island. Why?
Maria Bartiromo discusses Thursday's top business and financial stories, and looks ahead to tomorrow's events.
Fast Money's Karen Finerman caught up with Warren Buffett on Thursday. You might be surprised to hear what she found out!
Investors hammered the Dow on Thursday as fear grew that even a $700 billion bailout won’t be enough to counter tight credit markets and a bleak economy.
Stocks declined Thursday as dismal reports on factory orders and jobless claims piled on to a market already on edge about a freeze in the credit markets and the bailout bill as it heads to the House. GE was the biggest drag on the Dow.