Banks may not be lending to home buyers or single family home developers, but they are doling out big bucks to apartment developers.» Read More
The Treasury Department's $700 billion bailout plan, also known as the Troubled Asset Relief Program (TARP), is one of the main U.S. tools to address the financial crisis.
The American Bankers Association complained on Thursday that bankers around the country were “extremely upset” about how the Treasury Department was trying to offer them billions of dollars in fresh capital, say the New York Times.
Cramer explains how our markets have managed to stay afloat (somewhat) while other countries continue to plummet.
Stocks ended the day significantly lower but avoided a catastrophe, as an orderly selloff staved off what some thought would be a massive market capitulation.
Like we told you days ago consolidation in the financial services sector appears to be taking hold.
The equity market collapse began in the Far East as Sony shares slide 14 pct after they issued a profit warning. The electronics maker cut its profit forecast in half as the strong Japanese yen and the ongoing credit crisis is hurting demand for its cameras and flat TVs.
At least there was some good economic news today: both CPI and core CPI were below expectations, so inflation concerns are indeed receding.
Stocks will take their cue from credit markets in the week ahead and whether they are responding to any of the government's efforts to thaw the glacial credit freeze.
The US Treasury’s plan to inject cash directly into banks may be more effective in battling the credit freeze than having the government buy the banks' troubled mortgage debt ... provided the right banks get the cash.
Getting dumped stinks. You think you’ve found a wonderful partner only to realize those feelings aren’t returned. Poor Citigroup! Find out what Dick Bove has to say about the mess.
If Congress doesn't act quickly, deals like the one between JPMorgan and Washington Mutual will be the norm – until there are no small S&Ls left.
Stocks got an early boost from Buffett's vote of confidence in Wall Street but the meandering hearings on the bailout sucked the air out of the trading floor. By the closing bell, financials had fallen and only techs were left carrying the torch of hope.
Stocks made a modest advance Wednesday, boosted by Buffett's investment in Goldman Sachs and optimism that a bailout could boost tech spending.
Stocks made a modest advance Wednesday after Warren Buffett, one of the most highly-regarded investors, calmed the anxious market with a $5 billion investment in Goldman Sachs.
Don't judge all financial stocks by the Lehman-AIG-Merrill meltdown. Commercial banks look strong and will get stronger, according to Richard Bove and Jack Bouroudjian. The expert strategists offered their recommendations to CNBC. (Part One)
AIG's new CEO Edward Liddy discusses his new role at AIG while Dick Bove shares perspectives on what the regulation of Goldman Sachs and Morgan Stanley means for banks. Following are today's top videos:
Lesser stocks are fetching more. Why?
Futures are practically unchanged, with many traders noting this morning that hedge fund and mutual fund companies are continuing to see redemptions, and the profit outlook is still poor. As a result, there is debate about how strong buying interest will be here.
If you have a strong stomach and like a good gamble, the current volatility may be a good opportunity to put some money in play to beef up your portfolio gains in what's been a rocky year. While the pickings may seem slim, investment strategists say there are some opportunities within certain sectors, and if you are considering making broader bets, using options strategies can provide a good way to maximize gains while limiting losses.
When stadium naming rights started taking hold in the sports stadium building boom of the 90s, the airlines swooped in. Delta bought the rights to the arena in Utah in 1991, America West took Phoenix in 1992, United bought the Chicago Bulls and Chicago Blackhawks venue in 1994.