Investors may find it time to adjust portfolios as they focus on Fed speakers, economic reports, and the rising U.S. dollar in the week ahead.» Read More
The U.S. government could nationalize investment banks Goldman Sachs and Morgan Stanley, after confirming that it may buy stakes in financial institutions by the end of the month, Hugh Hendry, Partner and CIO at Eclectica, told CNBC.
Neel Kashkari, who has only six years of experience in finance and government, said he knew he seemed young to be shouldering so much responsibility for the world’s financial stability. But, he said, Mr. Paulson will oversee every step he takes.
After the global rate cut, why was the market rally so weak? Art Hogan, chief market strategist at Jefferies & Company, offered his insights to CNBC. He also gave sector picks and portfolio allocation advice.
U.S. stock index futures turned positive after coordinated action to cut rates across the globe to fight the danger of the world economy being hit by a depression.
Despite coming with glowing words of praise for General Electric and Goldman, Warren Buffett's big investments in the two companies haven't moved the stocks higher in the short-term.
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.
Officials at the Federal Reserve plan to meet with top executives from two commodities exchanges in an effort to create a new marketplace for credit default swaps, one of the most important, controversial and opaque securities traded on the Wall Street, CNBC has learned.
The bailout bill that President Bush quickly signed into law on Friday must do what financial experts have been unable to do for the last year — put a dollar value on mortgage-related assets that no one wants, reports The New York Times.
The New York Times reports how Fannie Mae, under pressure from Wall Street firms, Congress and company shareholders, took risks that pushed the company, and, in turn, the nation’s financial health, to the brink.
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.
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.
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.
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.
While regulators were sprinting to save the financial system last month, someone was making a lot of money — by betting against the State of New Jersey, the New York Times reported.
“We have a good deal of comfort about the capital cushions at these firms at the moment.” — Christopher Cox, chairman of the Securities and Exchange Commission, March 11, 2008.
Fast Money's Karen Finerman caught up with Warren Buffett on Thursday. You might be surprised to hear what she found out!
Two weeks after Lehman spiraled into bankruptcy, hedge funds that did business with the Wall Street bank are still fighting to get their money out of the firm. For some, it has become a life-or-death struggle, the New York Ties reports.
“Panic can cause a prudent person to do rational things that can contribute to the failure of an institution.” — William A. Ackman of the hedge fund Pershing Square Capital Management.