The billionaire investor told clients his firm was subpoenaed by prosecutors in New Jersey, according to a letter obtained by CNBC.» Read More
The Lightning Round is extended in this CNBC.com exclusive feature.
Yesterday, Kohl's and JC Penney reported August same store sales slightly better than expected. Today Wal-Mart, Target, Gap, American Eagle (reaffirms third quarter guidance), Pacific Sunwear all reported sales above expectations. However, department stores did not fare as well.
“Drive and Deliver,” a documentary film about truck drivers that is scheduled to make its debut next week, looks like a Hollywood movie and is directed by a Hollywood director. But “Drive and Deliver” is not being bankrolled by a big studio. Rather, the estimated $2 million budget is being underwritten by a division of the Navistar International Corporation to help promote a new long-haul truck, the New York TImes reports.
There is a change in sentiment as traders are trying to get their hands around the extent of the slowdown in global growth. New issues for the market: --global growth slowing.
On Tuesday night, the Pentagon issued a $2.7 billion order for 3,100 more Mine-Resistant Ambush-Protected vehicles, or MRAPs -- designed to protect troops from roadside bombs in Iraq. Herer are the seven manufacturers that will gain from the order.
Navistar may look like a risky stock, but Cramer said it could be a real moneymaker.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.