Millions of Americans with shoddy credit records are obtaining used car loans, resembling the subprime mortgage mess, The NYT found.» Read More
Tuesday: Rep. Barney Frank (D-Mass.) said the uptick rule will soon be reinstated but the SEC said that mark-to-market regulations would remain in place. Citigroup shares skyrocketed nearly 40 percent and many other financials followed suit — lifting the market with them. General Electric* shares enjoyed an assurance from Citi and AT&T said it'd add — yes, add — 3,000 jobs and invest up to $18 billion. CNBC heard from experts who said that investors are nearly ready to get out of cash — and gave a prescription for bear repellant.
So, the folks who made all those bad loans are supposedly now keeping watch over the appraisal business, making sure independent appraisers are not inflating or deflating values due to pressure from lenders???
As of midday Tuesday, all major indices are up 4 percent or greater. If the rally holds, the S&P 500, Dow, and NASDAQ Composite would be poised for their biggest percent increase since late November of last year.
Financial stocks are rallying Tuesday. Is the market bottom starting? Frederic Dickson at D.A. Davidson & Co. and Jack Ablin at Harris Private Bank offered their insights to investors.
Warren Buffett's three-hour appearance on CNBC's Squawk Box Monday morning generated headlines, moved bank stocks, and even caught the attention of the White House. Now you can download a PDF of the complete transcript.
Futures are stronger as bank stocks are trading up for a second day. Vikram Pandit, Tim Geithner and Sheila Bair are all out talking about the banking crisis.
Why the focus has been on Mad Money and not the possibility for another Great Depression is beyond us.
We ran out of time on TV, but you'll find your first move for Tuesday right here - in the Fast Money Web Extra.
Warren Buffett's bullish comments on banks, especially Wells Fargo and U.S. Bancorp, during this morning' Squawk Box on CNBC helped boost the financial stocks in Berkshire Hathaway's portfolio.
Following are the day’s biggest winners and losers. Find out why shares of Geron and Wells Fargo popped while HSBC and Proctor & Gamble dropped.
Stocks retreated in a yo-yo session as an earlier advance in the shares of energy and big-cap technology companies dissipated. But banks held gains as investors hoped for more clarity on the government plan to firm up the financial system, with Fed Chairman Ben Beranke meeting with President Obama today.
This is part four of the preliminary transcript and video clips of Warren Buffett's appearances on CNBC's Squawk Box on Monday, March 9, 2009.
A big pharmaceutical deal is doing nothing to help stocks pre-open. Once again stocks overseas are being led down by banks.
This is the archive of a live blog of Warren Buffett's appearances on CNBC's Squawk Box on Monday, March 9, 2009. Buffett answered questions submitted by CNBC viewers and CNBC.com users.
It was a week of short-lived rallies and dismal data, with breath-taking drops for giants like CNBC.com parent General Electric and battered automaker General Motors. The experts looked for a bottom, and focused on the future. One highly-regarded analyst even predicted a bottom within days.
Somehow the powers that be have forgotten the lessons we learned from the Great Depression.
Stocks staged a late-day rally Friday, pushing the Dow to a positive close, after a report that a major UK bank has reached an asset-protection deal with the government.
Simply put, there is still too much negative sentiment - and sideline money is afraid to step in.
Stocks retreated as an early rally triggered by an on-target payrolls number fizzled.
As Bank of America hovers above its 52-week lows, options traders Friday are apparently anticipating that the stock will fall sharply in the next six months.