When hedge-fund manager Todd Buchholz got a call from his mom about a CD that paid 4%, he was dubious. Here is their hilarious exchange.» Read More
Cramer's beating his drum again. Ben Bernanke, prepare yourself.
Pimco's bond guru was wrong about a recent offering, the bank says.
The Treasury secretary has long depended on investors like Pimco to keep failing banks afloat. What does he do now that the option's gone?
Some interesting intelligence from one of the ground zeroes of the housing market: Florida. Paul Miller of FBR published some financial “ramblings” (his word not mine) on a recent trip to Florida’s West Coast.
Oil prices, which have plunged 26% in the past month and a half, could continue moving lower in the coming weeks, analysts believe.
Download the complete CNBC transcript of Warren Buffett's three-hours of live appearances on Squawk Box's August 22 remote from Omaha.
Here's our Fast Money Final Trade. Our gang gives you Tuesday's best trades, right now!
The Dow tumbled on Friday after a warning by computer maker Dell that companies worldwide are cutting back on technology spending spooked the tech sector.
U.S. bank Wells Fargo and insurer AFLAC are worth snapping up even though the financial sector has been sold off indiscriminately, because they are steady players that offer strong long-term growth, Jason Pride, director of research from Haverford Trust told CNBC Wednesday.
The Dow fell sharply on Monday as credit concerns hounded financial stocks while global growth worries hurt big technology and industrial companies.
A big drop in oil provided nice support for stocks. Oil went from $114 to $121, then all the way back to $114, in two days! Stocks were drifting lower midday Friday, but when oil started moving down aggressively, the market stabilized, and a few sectors like airlines and retailers had modest rallies. Financials also stabilized today, though they are down for the week.
There are three big questions floating around on the Street today: First, does the debt of Fannie/Freddie take a haircut? Most traders would say no prior to today, but Ben Bernanke's comments that debt haircuts might be in order for some (he did not specifically say for Fannie Mae or Freddie Mac) has given many pause...
Fast Money Now – the trades you need while the market is open
The bottom line on Lehman Bros.: All the talk about a possible investment in Lehman from Korea Development Bank -- or anyone else -- is really beside the point. The reason Lehman has dramatically underperformed even its poorly performing peers this year is the large exposure they have to the worst performing parts of the market.
Warren Buffett tells our Becky Quick that he has been adding recently to one of the two stakes Berkshire Hathaway already has in a pair of financial stocks: American Express and Wells Fargo. But, in keeping his custom of not revealing too much, he won't say which one. Even so, investors are bidding up the price of both stocks this morning. It's just one of many comments Buffett made during a series of live appearances with CNBC's Becky Quick throughout this morning's three hours of Squawk Box. Here's a summary of the highlights.
THIS IS A LIVE BLOG ARCHIVE OF WARREN BUFFETT'S APPEARANCES ON CNBC'S SQUAWK BOX THIS MORNING. BUFFETT SPOKE WITH BECKY QUICK LIVE IN OMAHA, NEBRASKA. ALL TIMES ARE EASTERN.
The options market continues to boil on the outlook for the financial sector and market volatility in general, according to Rebecca Darst of Interactive Brokers. And one pharamceutical company is drawing attention as well.
Mark writes, “Does Soros’ purchase of 9.5 million shares of Lehman make you more bullish on this name?”
A happy ending to the saga of Kim and Scott Fisher, whom I've been blogging about for two days. They managed to find a buyer for their home willing to pay more than what they owed WaMu and Wells Fargo -- except they couldn't cover $35,000 in closing costs, and the home was heading into foreclosure. Finally, some good news....
Kim and Scott Fisher are watching the clock tick down. As I blogged yesterday, they have an offer on their home for an amount which will allow them to pay off their first mortgage to Washington Mutual and a second mortgage to Wells Fargo. But the Fishers do not have enough to cover $35,000 in closing costs, and they say lenders won't help. Plus, they say WaMu has moved to foreclose on the home. What a mess.