Until China's domestic economy becomes more dominant, the country is simply reacting to the worldwide economy, former Wells Fargo chief Dick Kovacevich says.» Read More
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...
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.