NEW YORK/ CHICAGO, July 26- Record low interest rates so far have failed to spur a wave of new borrowing in the $3.7 trillion U.S. municipal debt market, with one exception: its weakest borrowers are seizing the opportunity to prop up their finances at costs they can afford. Some cash-strapped areas, including Illinois and low-rated Chicago, can also issue bonds for... » Read More
After ending 2007 with a gain of almost 29%, their best year since 1998, shares of Warren Buffett's Berkshire Hathaway have been showing some weakness in the New Year. Today's "Ahead of the Tape" column in The Wall Street Journal has an idea about what's pulling down BRK.
Short-dated Treasury debt prices rose Thursday after Federal Reserve Chairman Ben Bernanke's remarks solidified expectations the Fed would aggressively pare interest rates to forestall a recession.
The country's top insurance regulator tells Cramer his plan to get the business back on track - and why he reached out to Berkshire Hathaway.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Warren Buffett's brand-new municipal bond insurer, Berkshire Hathaway Assurance Corporation, has sold its first coverage, backing a $10 million bond issued by New York City yesterday. Ajit Jain, who runs Berkshire's insurance businesses, tells the New York Times, "We're tip-toeing into the market, doing very small deals. We want to see if we can get the pricing that we find acceptable to us. Once we find this is real, we'll put in a lot more capital." He also describes how a call from a New York regulator played a key role.
The man who oversees the insurance operations for Warren Buffett's Berkshire Hathaway tells CNBC that Berkshire is talking with troubled bond insurers like MBIA and Ambac about a possible partnership or purchase, although it doesn't sound like anything major is imminent. Ajit Jain's comment came in response to a question from Erin Burnett in a live interview on CNBC's Street Signs about why Berkshire chose to "build" its own bond insurer rather than buy an existing company like Ambac or MBIA.
Treasurys were mixed Wednesday but off earlier lows, buffeted by a stock market struggling to rebound from its worst new year start in history on persistent recession worries.
Treasurys were weaker Tuesday but off their lows as traders skipped back and forth between stocks and bonds on worries about a recession induced by the prolonged deterioration in the housing market.
Four stocks with Fed-proof dividends at bargain basement prices.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
U.S. Treasuries eased on Monday, giving back some recent gains in the wake of their strongest weekly rally in more than two months.
Treasury prices rose after a report that employers created far fewer jobs than expected in December stoked recession worries.
U.S. Treasuries rose Friday, sending short-dated yields to three-year lows as grim jobs data prompted investors to increase bets on Federal Reserve interest rate cuts.
U.S. Treasury debt prices fell Thursday as unexpectedly firm data and signs of improvement in recently troubled credit markets dimmed the allure of safe-haven government bonds.
U.S. Treasurys rallied Wednesday as investors raised their bets on the likelihood of recession and interest rate cuts after a survey showed the manufacturing sector contracted in December.
What fresh ideas will make investors money in the coming year? CNBC asked some experts to weigh in with their thoughts.
U.S. government bond prices pared gains Monday after a higher-than-expected reading on November existing home sales.
Treasurys stormed higher Friday, sending yields to one-week lows as surprisingly grim housing data highlighted concerns that the economy was mired in a slump as 2007 drew near its close.
U.S. government bond prices extended gains on Thursday after a weaker-than-expected eading on November durable goods orders and a jump in new jobless claims.
U.S. Treasurys fell Wednesday in choppy, post-Christmas trading with benchmark yields at their highest levels since mid-November, prompted by a recovery in stocks and a poor two-year note auction.
Treasurys slid in a shortened, pre-holiday session, as easier credit conditions and news that Merrill Lynch had raised billions of dollars in a private placement pushed stocks up, drawing investors away from safe-haven U.S. government debt.
U.S. Treasuries rose on Wednesday after Standard & Poor's offered a grim assessment of bond insurers, reviving the credit concerns that have kept government bonds well bid for several months.