China's online money market funds have transformed how millions of Chinese invest their savings, but some see red flags. The FT reports.» Read More
Warren Buffett's European media blitz continues today with a news conference in Madrid. It's the third time he's met with reporters in as many days. With his customary bottle of Coca-Cola in front of him and a scratchy voice, Buffett said there would be no deals announced today or tomorrow, or anytime soon, as a direct result of his trip.
Sometimes a stock is hot and other time it just burns. Following are the Fast Money misfires.
Connecticut Attorney General Richard Blumenthal says his look at a possible conflict of interest involving Warren Buffett's Berkshire Hathaway and Moody's is "simply one facet" of a broader investigation into the credit rating agencies. In an interview today (Thursday) with NBC station WVIT in Hartford, Blumenthal calls the Berkshire-Moody's relationship a "symptom of flaws in a system rife with conflicts of interest and problematic relationships."
Connecticut's Attorney General Richard Blumenthal tells Bloomberg he's investigating a possible conflict of interest involving Warren Buffett's Berkshire Hathaway. Berkshire owns a big stake in the credit rating agency Moody's, which recently gave Berkshire's new bond insurer its highest rating, a triple-A.
Following are the day’s biggest winners and losers. Find out why shares of Coach and Broadcom popped while Gannett and XTO Energy dropped.
Cramer makes the call on viewers' favorite stocks.
In a live on-set interview during today's Closing Bell on CNBC, MBIA's new CEO Jay Brown told us he's "comfortable" going up against Warren Buffett's new bond insurance company, although he acknowledges that Berkshire Hathaway can be "tough" competition. In response to a question about Buffett "going after" his business, Brown suggested Buffett might not be in it for the long haul.
Warren Buffett's new bond insurance company has backed more than 100 municipal bonds in the past two days, according to Reuters, which calls it a "development that shows just how fast the new unit is growing in a field where rivals are struggling."
Troubled bond insurer Ambac Financial Group said it has rejected extra guarantees on municipal bonds offered by billionaire investor Warren Buffett -- and it may not be the first to have done so.
Major rating agencies are holding off downgrading bond insurers MBIA and Ambac Financial Group while they attempt to work out a bailout plan, bankers working on the bailout told CNBC.
Bond insurers, whose foray into the subprime debt market has led to billions of dollars in losses, are facing more downgrades of their prized Triple A rating.
Wall Street bond rating agencies are poised to downgrade two big bond insurers, Ambac Financial Group and MBIA, even though New York state insurance regulars would like to get a postponement until the state can develop a bailout package, CNBC has learned.
Hedge Fund manager William Ackman, of Pershing Square Capital, is submitting data to the SEC and insurance regulators in New York State alleging that bond insurers MBIA and Ambac are understating their losses.
Officials with the New York State Insurance Department have reached out to Wall Street bond rating agencies to suggest that they postpone a downgrade of bond insurers until the state can develop a bailout package for the troubled sector, CNBC has learned.
As the subprime crisis spreads to the bond insurers, the big bond rating agencies are conducting internal reviews of their practices to determine what caused them to miss one of the biggest financial debacles in years, sources tell CNBC.
What's the most abysmal public company trading today? Find out what the traders have to say – and let us know what you think!
Cramer makes the call on viewers' favorite stocks.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
A union filed a shareholder lawsuit against Moody's on Wednesday claiming the rating agency did not tell investors it "assigned excessively high ratings" to bonds backed by subprime mortgages.
At TheStreet.com's Stockpickr, James Altucher singles out some stocks that have two things going for them. First, they have big stock buybacks underway .. and second, they're already in Warren Buffett's portfolio.
Publisher McGraw-Hill Cos is replacing the president of Standard & Poor's, the company's financial services division, effective immediately, amid questions about the role of credit-rating agencies in the subprime mortgage crisis.