Record snowfall failed to accumulate in the Northeast as forecast, and the impact should be muted for businesses in the affected areas, analysts told CNBC.» Read More
I spoke to one large mortgage broker in Philadelphia this afternoon, who said they were now quoting 30-year fixed rate mortgages at 5.5 percent, a drop of a half-point from yesterday's 6.0 percent. That is a big drop.
Stocks rallied Monday as investors welcomed news the government had stepped in to backstop troubled bank Citigroup. Shares of Citigroup jumped nearly 60 percent, ending just shy of $6 a share.
Discount and dollar stores are back in fashion and back in the black. Just about everyone else has his back to the wall.
You know it's been a bad Wall Street session when Cramer starts off his "Stop Trading" segment with the blunt comment, "This is a horrible market." He goes on to list the various factors: insurers, banks, retail and minerals (he didn't even mention the autos!).
Stocks fell on Monday due to concerns about an accelerating global slowdown after Japan fell into recession and Citigroup said it would cut 52,000 jobs.
Stocks ended at their session lows Monday following the latest wave of dismal news: Retailers reported profit declines, big banks prepared for job cuts and Japan officially declared itself in a recession.
As recession fears continue to spread globally, investment banks like Goldman Sachs scramble to survive — and investment gurus alter their tactics and strategies to roll with the damage. CNBC's expert advisors gave their outlooks on what's coming and what to do about it.
Stocks wavered after a morning selloff as investors shrugged of the latest wave of dismal news: Retailers reported profit declines, big banks prepared for job cuts and Japan officially declared itself in a recession.
Stocks declined Monday as the latest wave of dismal news washed over Wall Street: Retailers reported profit declines, big banks prepared for job cuts and Japan officially declared itself in a recession.
.More substantive is the talk of an automotive bailout; GM trading up about 5 percent pre-open. The House and Senate will be debating an interim financing solution this week, until the new administration takes control in late January.
Stock index futures were indicating a sharp loss Monday for Wall Street, as investors worried over the future of the auto industry and more signs emerged of a retail slump.
Warren Buffett's Berkshire Hathaway sharply increased its stake in ConocoPhillips this spring and summer, accumulating a total of 84 million shares as of the end of the third quarter on September 30, according to Berkshire's just-released quarterly portfolio filing with the SEC.
Boone Pickens says his company is "out of the market, and have been for several weeks," after his company was slammed by the credit crunch, shrinking by about 60 percent so far this year. Meanwhile, Mexico's Carlos Slim, the world's second richest man, comments on the economy. Following are today's top videos:
These are strange days indeed. Despite horrible headlines some stocks are trading higher. Much higher.
A new plan to keep homeowners from foreclosure could be a much-needed boost to that sector's retailers.
The Lightning Round is extended in this CNBC.com exclusive feature.
Cramer makes the call on viewers' favorite stocks.
Anyone want to look into trading in Goldman Sachs at the close yesterday? Goldman goes from $120 to $125 in the last 5 minutes of trading yesterday, while the broader market was dropping. Anything happen with Goldman after the close? Anyone?
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 Long's and Panera popped while Tesoro and US Steel dropped.