Fallout from ongoing port congestion on the West Coast has implications for retailers, manufacturers, railroads and truck lines ... and their investors.» Read More
The Dow closed in positive territory on Wednesday overcoming worries that the banking sector would be a drag on stocks.
Plus, Cramer make the call on IBM, CSX, Celgene and more.
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Nationwide is on Sanjaya's side. The insurance company is reaching out to the growing number of Americans of South Asian descent by launching a hair-raising commercial featuring former "American Idol"contestant Sanjaya Malakar.
Warren Buffett's Berkshire Hathaway has added a new stake in NRG Energy, according to a just-released portfolio 'snapshot' of its holdings in U.S. publicly-traded stocks as of June 30. A sharply reduced stake in Anheuser-Busch may have been a bet that InBev's initially unsolicited offer for the U.S. brewer would prove to be unsuccessful. Conoco-Phillips data is kept "confidential."
For the week ending Friday, August 8, 2008, the U.S. markets ended the week on a positive note, cheered by a retreat in commodity prices, a Fed’s decision to keep rates steady at 2%, better-than-expected results in pending home sales, and a stronger dollar.
By anyone's reckoning, it was a rough week. Crude oil continued its relentless climb; banks and brokerages gave hints of more discouraging news; government data pointed to a weak economy; even strong companies like Nike, Oracle, and Research In Motion issued cautious guidance; and Federal Reserve policymakers, widely perceived as powerless to help, left interest rates unchanged. But all week, even through the worst of the market's sell-offs, CNBC guests offered
"People of all walks of life have been either guilty of overspending or the victim of some misfortune," says Greg McBride of Bankrate.com
To give investors an edge, CNBC asked the experts for their best trades now.
Longbow Research's Lee Klaskow says railroads are feeling the effects of Midwestern flooding. But he's still buying stocks.
With thousands of displaced people and the floods working their way from Iowa down to Mississippi, the worst flooding in the U.S. Midwest in 15 years is adding pressure to the recent rise in prices for food and corn-based ethanol. Here are some of the other businesses in the region, affected by the deluge.
For the first time in a long time, it looked as if oil was going to stay out of the market headlines. No such luck.
Here's our Fast Money Final Trade. Our gang gives you tomorrow's best trades, right now!
In Tuesday’s Web Extra find out how to play Border’s after the company slashed 20% of its corporate positions.
With high diesel-fuel prices putting the squeeze on trucking, shares of railroad companies are still in the green, according to Kevin Kirkeby of Standard and Poor's, and Lee Klaskow of Longbow Research.
To give investors an edge, CNBC asked the market pros for their best investment advice now.
Warren Buffett told reporters in Italy today that the high price of oil doesn't really affect his investment decisions. In response to a question from CNBC Europe's Anna Martin, Buffett said that while oil does affect his operating businesses, it has a similar effect on his competitors. "There's a real impact on society, but not much on our investment decisions."
Trains carry more for a lot less than trucks. But will diesel fuel slow them down? Lee Klaskow of Longbow Research gives the pros & cons.
The S&P and Dow eked out gains Monday as record oil prices boosted energy shares, but the Nasdaq slipped after a chipmaker's warning. What's the "Word on the Street?"
Cramer makes the call on viewers' favorite stocks.