There’s no time for the Treasury secretary to take a much-needed marketing course. So Cramer broke down the bailout so we could see just how imperative it really is.
For a second day officials urged Congress to swiftly act on a Wall Street bailout or risk "serious consequences" for the economy and financial markets...
Warren Buffett said we were on the "brink" last week. That's pretty scary when you look at the unsettled nature of credit markets yesterday and again today, as Congress wrestles on hours of live television with the request to save Wall Street from itself.
Warren Buffett was interviewed live by telephone on CNBC's Squawk Box this morning about his surprise investment of at least $5 billion in Goldman Sachs. This is part three of the complete transcript of that conversation.
Warren Buffett was interviewed live by telephone on CNBC's Squawk Box this morning about his surprise investment of at least $5 billion in Goldman Sachs. This is part two of the complete transcript of that conversation.
He's probably smarter than a lot of other people as well. He certainly showed how smart he is when he jumped at the opportunity to get a 10% yield on a piece of paper from Goldman Sachsspacer.
It is now a week an a half since we saw the collapse of Lehman. Here is a snapshot of how the various banks have fared since that notorious weekend.
Warren Buffett was interviewed live by telephone on CNBC's Squawk Box this morning about his surprise investment of at least $5 billion in Goldman Sachs. This is part one of the complete transcript of that conversation.
Anyone want to look into trading in Goldman Sachs at the close yesterday? Goldman goes from $120 to $125 in the last 5 minutes of trading yesterday, while the broader market was dropping. Anything happen with Goldman after the close? Anyone?
There may still be value in the markets if investors choose carefully from the stocks carnage debris.
Warren Buffett tells CNBC he's making a $5 billion investment in Goldman Sachs because "the price was right, the terms were right, and the people were right." He also made it clear that he would not have bought anything right now, if he wasn't confident Washington will do the "rational" thing and approve the financial bailout proposal put forward by Treasury Secretary Henry Paulson.
In a surprise return to Wall Street, Warren Buffett's Berkshire Hathaway has a deal to make a $5 billion investment in Goldman Sachs. Up until now, he has rejected all pleas to come to Wall Street's aid during the current crisis.
Electricitie de France's management is "mixed" on continuing its challenge to Warren Buffett's "bargain buy" of Constellation Energy, now that the Baltimore company's board has recommended a sale to Berkshire Hathaway subsidiary MidAmerican Energy.
The Bush administration's controversial financial bailout proposal may be getting a heavy dose of criticism today from angry lawmakers on Capitol Hill, but Warren Buffett tells us he wholeheartedly supports the plan. He told CNBC's Becky Quick over the weekend, "It's what I would do if I were there."
Watch out, Warren! Your name is getting kicked around in Washington as the common-sense financial wizard the nation needs in these troubled times.
AIG's new CEO Edward Liddy discusses his new role at AIG while Dick Bove shares perspectives on what the regulation of Goldman Sachs and Morgan Stanley means for banks. Following are today's top videos:
Berkshire Hathaway's last-second spike to $147,000 a share at Friday's closing bell didn't last long. As of early afternoon in New York today (Monday), shares of Warren Buffett's holding company are back to about where they were Friday just before the spike, around $132,000 each.
The highly-anticipated first authorized biography of Warren Buffett was supposed to be kept under wraps until its official release on September 29. But tonight the Associated Press is out with some of Buffett's "flaws", as revealed in The Snowball: Warren Buffett and the Business of Life.
Constellation Energy Group's French joint-venture partner isn't happy with Warren Buffett's just-finalized deal to buy the Baltimore-based company.
In a stunning last-second spike, shares of Warren Buffett's Berkshire Hathaway closed today (Friday) at $147,000 each. That's an increase of $18,990 a share, or 14.83 percent, the biggest one-day move ever for Berkshire.