U.S. stocks closed mildly lower on Wednesday as investors remained anxious ahead of an impending Greek parliament vote.» Read More
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.
The Street has been making this distinction for months, and it is now accelerating. For example, look at some of the smaller regional banks that have less exposure to construction/real estate than others, and how they have performed in the last year:
With all this news about Fannie, Freddie, Lehman, WaMu, and others, you might be asking yourself, are there any good banks out there. Here is a screen for stocks from the S&P Financials sector that are actually doing well for the year.
A number of U.S. banks stand to gain after the government takeover of Fannie Mae and Freddie Mac, Dick Bove, analyst at Ladenburg Thalman & Co., told CNBC.
Oil prices, which have plunged 26% in the past month and a half, could continue moving lower in the coming weeks, analysts believe.
The rapid slide in commodities prices is fueling the runup in stocks. But market pros think the switch might be short-lived.
Philip Duff of Duff Capital Advisors offers CNBC the hedge-fund view of where Merrill Lynch, regional banks, the markets and oil are headed.
U.S. money manager BlackRock posted a better-than-expected 23 percent rise in second-quarter profit as assets under management rose.
The two factors moving the market today were 1) the drop in oil, now down almost 10 percent in two days, and 2) the rally in financials.
Anxiety about the cost of raising money triggered some serious selling that ended with blood running down the Street...
U.S. banks may need to raise $65 billion of additional capital to cope with mounting losses from a global credit crisis that will not peak until 2009, Goldman Sachs & Co analysts said on Tuesday.
The Lightning Round is extended in this CNBC.com exclusive feature.