According to Dow Jones, Goldman Sachs is cutting more jobs in securities biz. » Read More
Wall Street's wild ride promises to continue as Congress wrangles over details of a financial markets bailout, and investors assess the government-brokered deal for Washington Mutual.
Cramer lays out who he thinks are the biggest beneficiaries of this massive $700 billion bailout.
Traders are passing around this document which purportedly lifts the ban on short selling in Russia. Those who are adamantly opposed to a blanket ban on short selling are claiming this makes Russia more of a capitalist country than we are.
Cash is king is no longer just a cliché, it has become a mantra for markets in times of high uncertainty.
Treasury Secretary Henry Paulson has spent a good part of the last two days on Capitol Hill arguing that the government should not demand a stake in any Wall Street firms it bails out. Demanding such a stake, Mr. Paulson says, could scare away many of those firms from participating in the bailout, leaving the credit markets as hobbled as they are now, the New York Times reported.
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 makes a surprise $5 billion endorsement to Goldman Sachs spacer, while Treasury Secretary Paulson agreed that a proposed $700 billion financial bailout be modified to put some limits on executive pay. Following are today's top videos:
Unusual action in Goldman's share price is raising eyebrows on Wall Street.
There’s no time for the Treasury secretary to take a much-needed marketing course. So Cramer broke down the bailout so we could see just how imperative it really is.
For a second day officials urged Congress to swiftly act on a Wall Street bailout or risk "serious consequences" for the economy and financial markets...
Maria Bartiromo discusses Wednesday's top business and financial stories, and looks ahead to tomorrow's events.
Stocks got an early boost from Buffett's vote of confidence in Wall Street but the meandering hearings on the bailout sucked the air out of the trading floor. By the closing bell, financials had fallen and only techs were left carrying the torch of hope.
Stocks made a modest advance Wednesday, boosted by Buffett's investment in Goldman Sachs and optimism that a bailout could boost tech spending.
Warren Buffett said we were on the "brink" last week. That's pretty scary when you look at the unsettled nature of credit markets yesterday and again today, as Congress wrestles on hours of live television with the request to save Wall Street from itself.
Secretary Paulson is doing the right thing in his afternoon testimony: he is arguing that this is not a bailout, it is an asset purchasing program. The $700 billion is for Working Capital to buy mortgages.
The Treasury secretary — whoever that may be in a few months — will be with vested with perhaps the most incredible powers ever bestowed on one person over the economic and financial life of the nation. It is the financial equivalent of the Patriot Act, says the New York Times.
Investors who think the ban on short selling provides a buying opportunity could get stung by a likely selloff when the rules expire Oct. 2.
Warren Buffett was interviewed live by telephone on CNBC's Squawk Box this morning about his surprise investment of at least $5 billion in Goldman Sachs. This is part three of the complete transcript of that conversation.
In whatever form it takes, the government rescue plan for the nation's financial system should provide an entry point for investors looking to buy bank stocks again.
Stocks made a modest advance Wednesday after Warren Buffett, one of the most highly-regarded investors, calmed the anxious market with a $5 billion investment in Goldman Sachs.