Investors had been closely watching the results, particularly for Citigroup, whose CEO had said his job should be on the line if they failed.» Read More
I'm in Las Vegas today where that panel is checking in with the public on whether TARP is having any impact. If you wanted to pick one town to provide feedback on how well the Treasury Department is gambling $330 billion (so far), why not ask Las Vegas?
Cramer offers hard proof that bear raiders operated unchecked in their effort to profit from the American financial system's near collapse.
The list of investors who say they were duped in one of Wall Street's biggest Ponzi schemes includes some of the world's biggest banks and hedge funds, the super rich and the famous.
Cramer makes the call on viewers' favorite stocks.
Who knew reassessment based upon fact was a radical concept?
With the failure to pass an auto loan bill, the Treasury Department is now essentially the "last line of defense" for the auto makers. They can now provide a bridge loan through the TARP, or provide or guarantee a debtor-in-possession facility to fund a pre-packaged Chapter 11 proceeding.
Following are the day’s biggest winners and losers. Find out why shares of Baidu.com and UnitedHealth popped while Costco and Harley-Davidson dropped.
Stocks closed higher as a rebound in oil prices boosted energy shares and offset worries about the fate of the auto industry bailout.
Murky signs: Markets had rallied Wednesday morning on the belief that an auto industry bailout was all but certain. But some GOP legislators are opposing the White House deal with congressional Democrats. A top analyst sees financials in critical condition until 2010, but a peer says he's been buying bank stocks and socking them away. And a CNBC guest said commodities are going to lead a 50% S&P rally.
Influential bank analyst Meredith Whitney remains bearish about the economy, and her outlook for the banks that "lubricate the economy" is grim.
With solid decision-making like that, any recipient should be honored.
ExxonMobil is the largest stock in the S&P 500. Wal-Mart, the nearest competitor, is a little more than half that size. ExxonMobil has been notably outperforming the market recently. Since early September, Exxon has been up about 5 percent, while the S&P 500 has been down 30 percent.
Washington’s been a lot harder on Wall Street than you might think. Here’s why the Citi rescue is a signal to buy.
Oppenheimer’s Meredith Whitney sees some real dangers ahead in the banking sector. Find out what’s got her attention.
While some investors were standing on the sidelines during the market rally, Alan Lancz was busy buying, with a one-word explanation: Valuation. (Part One)
While some investors were standing on the sidelines during the market rally, Alan Lancz was busy buying, with a one-word explanation: Valuation. (Part Two)
Amid all the headlines asking if Warren Buffett has lost his "touch" as Berkshire Hathaway's stock tumbles, comes a Bloomberg story today headlined Buffett Stock Picks Beat Financials Index As He Dodged Subprime. The takeaway: Buffett's moves to increase Berkshire Hathaway's holdings of Wells Fargo and U.S. Bancorp, while avoiding subprime lenders, are "paying off."
Choosing among banks is a potentially hazardous task for an investor these days — but Jim Hardesty of Hardesty Capital Management says the financial sector will be out front, as the economy and the markets recover.
The U.S. government's plan to inject $20 billion into Citigroup seemed to drive a stock market rally Monday — but failed to reassure analysts overall. CNBC canvassed the experts for their outlooks: Despite the uncertainty, one strategist says financials will lead the recovery — and another sees hyperinflation as the real danger ahead.
Stocks rallied on Monday as investors applauded the decision by Washington to inject $20 billion into Citigroup...