U.S. stocks closed lower on Friday as investors eyed inflation data and Fed Chair Yellen's speech ahead of the long weekend.» Read More
Following are the day’s biggest winners and losers. Find out why shares of First Solar and American Express popped while Target and MetLife dropped.
Despite assurances that the takeover of Fannie Mae and Freddie Mac would be temporary, the giant mortgage companies will most likely never fully return to private hands, the New York Times reports.
Investors everywhere are reading Warren Buffett's commentary on his past actions as well as general views about the economy. But perhaps the best lessons are sometimes hidden behind the words. It requires a careful examination of his letters to fully capture the genius of Buffett and integrate his wisdom into your portfolio.
In his annual letter to Berkshire Hathaway shareholders, Warren Buffett says he did some "dumb things in investments" last year, while defending Berkshire's "equity put" derivatives contracts. Buffett also predicts the economy will "be in shambles throughout 2009 - and for that matter, probably well beyond - but that conclusion does not tell us whether the stock market will rise or fall." He's still optimistic for the long-term, however, again pointing out that "our country has faced far worse travails in the past" but always "we've overcome them." He says confidently, "America's best days lie ahead."
It looks like we have a winner in that race to repay TARP funds. What's the prize? Wriggling free from all those strings attached to it.
Stocks fell to a 12-year low Friday after the government announced plans to take a large stake in common shares of embattled Citigroup.
The market might be going nowhere fast but rotation in and out of sectors appears to be quite robust.
JP Morgan has put Bear Wagner Specialists up for sale, CNBC has learned. Barclays is the potential bidder according to the Wall Street Journal.
Plus, Cramer's plan for Obama and the conundrum of preferred shares.
Stocks jumped on Tuesday after Ben Bernanke delivered a big dose of relief when he signaled that nationalization of big banks was not at hand.
We on Power Lunch were all transfixed during Sen. Corker’s questioning of Federal Reserve Chief Ben Bernanke Tuesday.
Plus, Cramer makes the call on Home Depot versus Lowe's and the only financial stocks worth considering.
Anybody out there got the super-secret e-mail address for President Obama, the Blackberry addict? How about a cell-phone number for Treasury Secretary Timothy Geithner?
The development boom that turned Poland, Hungary and other former Soviet satellites into some of Europe’s hottest markets is on the verge of going bust, raising worrisome new risks for the global financial system that may ricochet back to the United States.
Nationalizing insolvent US banks is the best solution to avoid a Japan-like scenario in which 'zombie' financial institutions would eat up public resources while the US economy would teeter on the brink of depression, Nouriel Roubini, economics professor at NYU and chairman at RGE Monitor told CNBC Tuesday.
With nowhere else to go, some of Wall Street’s biggest money managers are buying these stocks.
Today we introduce a weekly segment, "The Call of Shame", for CNBC's "The Call". It will highlight the lowlights and lowlifes in business and finance. This week's nominees are.......
By Thursday’s close, the Dow was trading at a level not seen in more than 6 years, falling beneath its former bear market closing low set on November 20th.
Plus, Cramer speculates on whom the new Dow Jones Industrial constituent could be.
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.