Millions of Americans with shoddy credit records are obtaining used car loans, resembling the subprime mortgage mess, The NYT found.» Read More
A year after financial tremors first shook Wall Street, a crucial artery of modern money management remains broken. And until that conduit is fixed or replaced, borrowers will see interest rates continue to rise even as availability worsens for home mortgages, student loans, auto loans and commercial mortgages, says the New York Times.
The rapid slide in commodities prices is fueling the runup in stocks. But market pros think the switch might be short-lived.
With commodity prices coming down, many parts of the market can start their return ascent.
Berkshire Hathaway's second quarter earnings release shows operating profits are down as the insurance industry suffers. Berkshire's long-term potential profits from the stocks it holds are down even more as Wall Street struggled in the first half of the year.
Will recent legislation save the struggling housing market? HUD Secretary Steve Preston, Wells Fargo VP Mary Coffin and Nobel Prize-winning economist Joseph Stiglitz weigh in.
Warren Buffett is perhaps the biggest Wall Street whale of them all. But big bets on struggling financials have contributed to a nearly 25% decline in shares of Berkshire Hathaway. Has this whale been beached?
Cramer means it when he says it. Our great national nightmare is over.
Here's our Fast Money Final Trade. Our gang gives you tomorrow's best trades, right now!
Stocks declined Monday, led by financials after two more banks folded. Oil ticked higher after three straight weeks of decline, clipping consumer-discretionary stocks, including homebuilders, airlines and retailers.
At least not the kind we need right now, Cramer says. Here's why.
More banks are likely to fail before the financial sector recovers, creating a cautionary environment for investors and consumers.
Treasury Secretary Henry Paulson said the nation's four biggest banks were ready to kick-start a market for covered bonds that could help significantly expand home mortgage financing.
No doubt the financials are a volatile sector right now. Here's how we recommend you play it.
Durable goods advanced .8% when expectations were for much less. Without the highly volatile transportation figures, the number was even better at a +2% reading. New home sales were better than hoped for at a 530,000 rate and the prior month was revised upwards.
The housing report was not so far off the expected and was not nearly as bad as it was treated. We declined because we are in a bear market.
What's moving in the options market? BJ's Wholesale Club, Wells Fargo, and Coal, according to Rebecca Darst of Interactive Brokers.
The next six months will be a buyer's market, Cramer says. Plus, more on XTO Energy, Wachovia, and the much-anticipated XM-Sirius merger.
San Diego City Attorney Michael Aguirre said Wednesday he filed a lawsuit against Bank of America Corp and its Countrywide unit to prevent the mortgage lenders from foreclosing on homes in his city, which he aims to make a "foreclosure sanctuary."
A major Middle Eastern investor should help the company. But there are more reasons to like this stock.
Oil is way down and financials are way up. We're in a trendless no man's land at this point. Which way will they go?