U.S. regulators said that Wells Fargo needed to improve a crisis plan showing how it could be shut down without causing financial mayhem.» Read More
Here’s what we need to keep stocks moving in the right direction.
Citigroup's report of a profitable start to 2009 notwithstanding, earnings in the financial sector have been dreadful. So why is Fifth Third Asset Management's Mary Jane Matts so enthusiastic about financials?
Trust us, we'd rather be talking about profits than politics. But it seems the government will decide the market's fate.
Some bankers say the conditions for taking TARP money have become so onerous that they want to return the bailout money, the New York Times reports.
Could we actually rally two days in a row? That hasn't happened in almost a month, believe it or not.
Following are the day’s biggest winners and losers. Find out why shares of Alcoa and Wells Fargo popped while Newmont Mining and Brown-Forman dropped.
Stocks posted their best day in four months on Tuesday with Citigroup leading the Dow higher...
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.