Traders are also watching Brazil after its election surprise.» Read More
Good earnings? Check! Good economic data? Check. Is everything is lining up for a big summer?
Alice Schroeder's authorized biography of Warren Buffett is now available in a trade paperback edition. In an "updated and condensed" version of The Snowball: Warren Buffett and the Business of Life, Schroeder adds a new 31-page chapter covering events after the hardcover's publication last year. She candidly describes how Buffett made a "series of characteristic brilliant moves interspersed with some surprising errors" as the financial crisis unfolded. With thanks to Bantam and Random House, here is an excerpt from Schroeder's new material.
Investors are looking for glimmers of economic hope in the everyday basics, from cereal to pens to cleaning supplies.
Cramer makes the call on viewers' favorite stocks.
JP Morgan's $2 per share take over of Bear Stearns is a 93% discount from Bear's closing price of $30 on Friday and 99% of its 52 week high. Here are the biggest 1 day percentage drops of the S&P 500 constituents.
While July existing home sales came in in line with expectations, the pace is still weak and the increase in inventory (to 9.6 months supply at the current sales pace) is especially unwelcome. This occurred before the recent credit crunch, so the concern is that difficulties in the mortgage market may further impact sales in August. However, there are other things to keep in mind.