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Wall Street looked set for another rally Tuesday, after the Dow recorded the biggest one-day point gain ever on Monday, as world markets continued to surge.
The US government will 1) take a $250 billion equity stake in the form of preferred shares which cannot be redeemed for three years, 2) guarantee bank-to-bank lending, and 3) remove deposit insurance levels for non-interest bearing accounts.
The best stock market day in 75 years will no doubt be followed by a less enthusiastic Tuesday session. But the good news is the international effort to thaw the credit freeze may have finally given the markets at least a temporary jolt of confidence.
With officials suggesting that the government will likely buy bank stocks soon, should you beat them to the punch?
Cramer responds to calls made by legendary investor Julian Robertson.
Big CEOs (Lloyd Blankfein from Goldman, John Mack from Morgan Stanley and Vikrim Pandit from Citigroup) are all meeting with officials from the Fed and Treasury at this moment to agree on a financial market stabilization initiative.
Wall Street looked set to rally Monday following a series of measures and cash injections by governments and central banks designed to prop up the banking sector and avoid a global meltdown.
The continued turmoil in the financial markets could spark a wave of mergers among banks and remaining brokerage firms in the coming weeks, according to Wall Street executives.
Some veteran investors say that the sell-off has gone much too far and stocks are poised to rally powerfully if the downturn is less severe than investors fear.
The Mad Money host lays out his strategy to get this economy and market back on track.
Treasury Secretary Henry Paulson says the government will now provide cash to financial firms in exchange for equity, as the government steps us rescue efforts.
In this Web Extra the traders talk GE and Goldman Sachs. How are they trading?
After an exhausting week the Dow closed lower Friday to record its worst week ever.
After trading in a 1,000-point range for the first time ever, stocks ended the day with a whimper, closing slightly lower amid hopes that the holiday weekend could bring good news.
Heightened concern about the health of big institutions and the need for direct government support has led to some startling ideas. One of them follows...
After an amazing, nearly 700 point drop in the Dow, then a rally back into positive territory, it certainly had the FEEL of some kind of selling climax.
Wall Street tried to fight its way back from a precipitous opening drop, with volatility promising to cause violent swings as the market battled to break a seven-day losing streak.
As an example of why credit remains locked, overnight Japan's Yamato Life Insurance failed with debt of about 270 billion yen. Moody's has downgraded both Morgan Stanley and Goldman Sachs.
Traders are in agreement on two points: 1) We are not trading on fundamentals. Forced selling is causing many stocks to trade well below fundamental values; 2) traders do not have faith in 2009 earnings projections, which is making it difficult to value stocks.
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.