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Warren Buffett has certainly lost billions of dollars over the past year, but has he lost his title of "World's Richest Billionaire?" We'll find out when the 2009 edition of the widely-followed Forbes ranking of global wealth is released at 6p ET tonight (Wednesday).
On a week that saw a late-day rally for the Dow & S&P Friday, managing to close in positive territory for the day, following a dismal jobs report, increased concerns over GM's viability and another bailout for AIG, the markets fell 6% or greater for the week.
Cramer has calculated what he thinks is an absolute bottom for this bellwether index.
Despite the recession and almost daily layoff announcements from major companies, many employers across the country are actually hiring.
With the economy weakening, chief executives want Wall Street to see them as tough cost-cutters who are not afraid to lay off workers. But plenty of job cuts are not trumpeted in news releases, the New York Times reported.
Stocks slid on Thursday with the Dow and S&P falling to 12-year lows and the Nasdaq finishing at its lowest level since March 2003.
As General Electric continues to fall, the company that once boasted a half trillion dollar market cap, is now at risk of falling out of the Top 20 biggest companies in the S&P 500.
Two months into the year, the average dividend yield of the Dow 30 has continued to rise since the start of 2009, despite some significant dividend cuts like those from CNBC parent, General Electric. See how the 30 companies in the Dow compare.
If Press Secretary Robert Gibbs needs proof that President Obama's spending plans are hurting the markets, then he should look at the Dow. Or the S&P 500. Or the Nasdaq...
Despite a rash of recent cuts, playing dividends continues to be an important tool for investors, financial advisers say.
The company's fourth quarter earnings report is particularly devastating since the company comes up way short as far as Wall Street expectations are concerned, even though analysts have been falling all over each other over the past week to lower estimates.
The Dow Industrials, Dow Transports, and Dow Utilities are all hitting multi-year lows now. While the Dow Industrials and Dow Transports have been closing at new lows for days, the Dow Utilities closed below its October low for the first time on Friday.
Shares of Sony closed half a percent lower Monday after the electronics maker said CEO Howard Stringer would double up as president and directly oversee the electronics division at the centre of its problems.
The credit crisis and downward spiral of the economy can be a drag. But put some pictures or music to it and it can be downright fun. Let’s turn that frown upside down! For your weekend viewing pleasure, a few artistic interpretations of the current hole we find ourselves in.
Sony sent a message of change Friday in centering power in Chief Executive Howard Stringer, who will also become president and gain greater say over its core electronics business as Japan's iconic electronics maker tackles a painful global slump.
Dell will release its fourth quarter earnings after the bell tonight, and despite some draconian cost cuts and a rock-bottom share price, it is an unattractive investment. And will be for the foreseeable future.
Stocks jumped on Tuesday after Ben Bernanke delivered a big dose of relief when he signaled that nationalization of big banks was not at hand.
Tuesday: Fed Chairman Ben Bernanke warned the "severe" U.S. recession may drag into 2010 unless the government succeeds in stabilizing the banking system and financial markets. Debate continues on bank "nationalization," with Bank of America insisting it won't need a bigger U.S. stake; and analysts wondering if Citigroup actually needs the government to pick up more than 40 percent. Experts told CNBC that fears of nationalization are overdone — and we're now entering the epicenter of the recession.
With the market at a 12-year low, it's a healthy exercise to try and find some good things in this world. Here are 5 things we bet you didn't think of...
Finishing the day at 7,114.78 yesterday, the Dow closed at its lowest level since May 7, 1997. 7 of the 30 current Dow components were not in the index when the Dow last saw these levels.