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Companies are cutting jobs by the tens of thousands. State and local governments are penny-pinching, too. So what about Uncle Sam?
More companies announced layoffs on Thursday as the employment picture continued to dim.
This week alone, U.S. companies including Sprint, Home Depot, Caterpillar, Texas Instruments, and others announced they would cut more than 60,000 jobs.
Following are the day's biggest winners and losers. Find out why shares of Home Depot and Wellpoint popped while Legg Mason and Novartis dropped.
More companies announced layoffs on Tuesday as the employment picture continued to dim.
We'll never get the sustained marketwide rally we need until President Obama steps in to save this sector.
Here's our Fast Money Final Trade. Our gang gives you tomorrow's best trades, right now!
Following are the day’s biggest winners and losers. Find out why shares of Chesapeake Energy and Home Depot popped while Apollo Group and U.S. Bancorp dropped.
Plus, get the Mad Money host's calls on General Electric, Home Depot, Lowe's and more.
Major indexes finished higher after a yo-yo session Monday, with banks ending mixed after several attempts at a rally.
Stocks rallied, led by banks, after a wobbly open Monday. The market also got a boost from a blockbuster pharma deal, which helped overshadow a gloomy outlook from Caterpillar and other earnings worries.
Stocks got a boost from a better-than-expected report on the housing market, which overshadowed Caterpillar's gloomy outlook and other earnings worries.
Another round of layoffs was announced by big-name companies Monday, adding to the gloom over rising unemployment.
Caterpillar posted fourth-quarter profit of $661 million, or $1.08 per share Monday morning, compared to $975 million or $1.50 per share in the prior year period. CAT, which also says it is will offer buyouts to 25,000 employees, dropped more than 8 percent five minutes after the open. Here's how I'm playing it!
Stock index futures pointed to a dip at the opening, despite a mega-deal brewing in the pharmaceutical sector.
It's all about capital preservation right now, Cramer says.
The Consumer Price Index fell another 0.7% after having its biggest one month drop ever last November. The core rate, excluding energy and food, remained unchanged. Here is a breakdown of the inflation benchmark to show you where costs are falling most.
The market seemed to shrug off bad news from two major banks and Apple. So is the bottom?
Major indexes declined Thursday as investors digested the latest round of earnings and layoff news. Bank of America skidded amid news that the bank is going back to the government for help, while JPMorgan ticked higher after beating earnings estimates.
Most stocks are down, but the Mad Money host has found a few names worth buying.