The performance of certain companies will tell us how well the new president’s doing.
On a week dominated by bailouts, stimulus and talks of bank nationalization, the Dow crashes through October 2002 lows and approached October 1997 lows in early trading Friday.
Stocks started to claw back in the final hours of trading Friday after fears of nationalization smacked banks and sent the Dow to its lowest point in more than 10 years.
The Oscars aren't just the biggest night of the year for film buffs and the celeb-obsessed, they're also one of the biggest annual events for advertisers, second only to the Super Bowl.
The Consumer Price Index rose 0.3% after having big drops in the past two months. The core rate, excluding energy and food, rose 0.2%. Here is a breakdown of the inflation benchmark to show you where costs are rising most.
CNBC's Jim Cramer has been critical of Warren Buffett's decision to sell some stocks in the Berkshire Hathaway portfolio, in part because it appears to contradict Buffett's public call to buy U.S. stocks last fall. But there is another way of looking at it.
Another round of layoffs was announced on Thursday, adding to the gloom over rising unemployment. Delta Air Lines and Performance Food Group were among the latest names on Wednesday to announce job cuts.
Instead of asking what Warren Buffett has been buying, we should have been wondering what he's been selling. Berkshire Hathaway's stock portfolio snapshot for the end of the fourth quarter reveals its holdings in Johnson and Johnson have been slashed by more than half.
Exactly four months ago today, on October 17, Warren Buffett wrote an op-ed piece for the New York Times with one of his rare advisories for investors: "Buy American. I Am." He explained how falling stock prices had prompted him to pick up U.S. stocks at bargain prices .. for his personal account. Later today (Tuesday), we'll get the answer to a key question: Was Buffett also buying U.S. stocks for Berkshire Hathaway's portfolio at the same time?
Another round of layoffs was announced on Tuesday, adding to the gloom over rising unemployment.
It may seem like the country that used to make everything is on the brink of making nothing.
Arthur Nadel, the Florida money manager who briefly went missing last month after the six hedge funds he ran collapsed in an alleged "mini-Madoff" scheme, will remain behind bars at least awhile longer.
Following are the week’s biggest winners and losers. Find out why shares of Abercrombie & Fitch and Vimpel-Comm popped while Wells Fargo and Research In Motion dropped.
Warren Buffett has been doing some shopping at Tiffany's just before Valentine's Day, but he's not taking anything home in a baby-blue shopping bag. In a filing with the SEC today, Tiffany says it has sold $250 million of debt to some Berkshire Hathaway subsidiaries.
Stocks fell sharply in the final minutes of trading as investors continued to pound bank stocks. All three major indexes were trapped in a yo-yo pattern today, pulled by gains in techs and losses in banks.
On a week dominated by the $787B stimulus plan passed by the House, with the Senate scheduled to start the vote at 5:30pET Friday, the markets came close to retesting their November lows to end the week down 3.5% or greater.
Federal prosecutors say disgraced Florida hedge fund manager Arthur Nadel wrote letters home while he was fleeing from authorities last month, including one telling his family he "really anticipated" being labeled a "Mini-Madoff."
Sirius XM Radio is trying to avoid filing for bankruptcy and is trying to renegotiate its pricey contracts.
Another round of layoffs was announced on Thursday, adding to the gloom over rising unemployment.
The pace of corporate layoffs picked up sharply in January 2009, reflecting the worsening US recession.