A truckload of data will hit markets in the coming week, but it's the jobs report Friday when Wall Street is closed that will be the most important.» Read More
Another day, another final-hour swing. At 2:55pm, the Dow was once again drifting into negative territory. But unlike much of this week, when the markets sold off and ended at the lows of the day, a NBC News report revealing President-Elect Barack Obama’s nominee for Treasury Secretary propelled a strong late-day rally.
Back when things made sense in the stock market, a company announcing layoffs would be greeted as a positive sign that it was shoring up its bottom line.
Chaos reigns Friday: Lame-duck White House and Congress are unable to reach a decision on the financial crisis. Yet Citigroup stock inched up, despite misgivings over the CEO's determination not to break up the firm. And while legislators dither over the jet-setting Big 3 automakers' fates, one strategist told CNBC that Ford Motor stock could yet quadruple overnight. (You read that correctly.)
Banks are anathema to stock-market investors now, but Peter Sorrentino of Huntington Asset Advisors says that will change — probably around the middle of next year.
After lobbying President-elect Obama to be appointed Treasury Secretary, SEC Chairman, and Fed Chairman, Cramer offers his eight point, tough-love plan to restore the American Economy.
What’s the old tag line. The Citi never sleeps. Well the stock is certainly keeping investors up nights!
The New York Attorney General's office is negotiating with top Wall Street firms that received federal bailout money to forego executive bonuses this year, sources close to the attorney general told CNBC.
Shares of Warren Buffett's Berkshire Hathaway closed below $100,000 today (Monday) for the first time in just over two years. The most recent sub-$100K close before today was on October 20, 2006.
Citigroup CEO Vikram Pandit met with employees Monday to discuss major cut backs in the struggling firm's workforce aimed at calming market fears that the troubled financial services giant isn't taking the steps necessary to address its many ills, which include a bloated cost structured that has sent shares of its stock reeling.
Warren Buffett's Berkshire Hathaway sharply increased its stake in ConocoPhillips this spring and summer, accumulating a total of 84 million shares as of the end of the third quarter on September 30, according to Berkshire's just-released quarterly portfolio filing with the SEC.
If you're confused over changes in the TARP program CNBC's Steve Liesman thinks you could be missing something vital.
This stock's performance is a key barometer for the market, Cramer says.
US Bancorp is the latest Cramer-recommended bank to enter the M&A market.
Citigroup became the latest major lender to try to help borrowers stay in their homes, launching a program that may result in $20 billion of refinancings.
Almost 90 percent of homeowners in Mountain House, Calif., owe more on their mortgages than their houses are worth.
The Treasury Department's $700 billion bailout plan, also known as the Troubled Asset Relief Program (TARP), is one of the main U.S. tools to address the financial crisis.
Less than a month after walking away from Wachovia, Citigroup is in discussions to acquire another U.S. bank, the Wall Street Journal said.
Cramer makes the call on viewers' favorite stocks.
When all was said and done, futures are relatively flat. The game plan for the past two days has been to short the market going into the jobs report, and if it was not dramatically worse to push a modest rally.
The Dow plummeted on Wednesday, a day after Barack Obama's historic victory, as a fresh batch of dismal economic data underscored the massive challenges awaiting his administration.