Why the focus has been on Mad Money and not the possibility for another Great Depression is beyond us.
History is no guide for investors right now, Cramer says.
Warren Buffett's bullish comments on banks, especially Wells Fargo and U.S. Bancorp, during this morning' Squawk Box on CNBC helped boost the financial stocks in Berkshire Hathaway's portfolio.
Monday: Warren Buffett told CNBC the U.S. economy has "fallen off a cliff." Prof. Nouriel Roubini, who predicted the current crisis, said the U.S. recession could last up to 36 months. But some M&A activity was seen: Dow Chemical and Rohm & Haas announced a deal; and Roche and Genentech are reportedly close to their own agreement. CNBC heard from experts who said steady growth companies are the way to invest now; and that the government rescue plan is going to create the first signs of recovery.
Stocks retreated in a yo-yo session as an earlier advance in the shares of energy and big-cap technology companies dissipated. But banks held gains as investors hoped for more clarity on the government plan to firm up the financial system, with Fed Chairman Ben Beranke meeting with President Obama today.
Bank of America is starting to withdraw offers to some MBA students that graduate from US business schools this year, the Financial Times reported Monday.
Every generation searches for an identity. There were the Baby Boomers, followed by slacker Gens. X and Y. It took a 50% drop in the Dow and more than 3 million jobs lost to figure it out. This is nothing to LOL about: It's Generation OMG!
Lately, I have been receiving numerous emails relaying credit card horror stories, in response to my frequent blogs on the subject. But the one I got on Friday takes the cake, says Patricia Chadwick.
For the first time since 1995, shares of Dow component American Express traded below $10 on Friday. It became the sixth current Dow component to trade with a single-digit price tag, joining General Electric, Alcoa, Bank of America, General Motors, and Citigroup.
Stock index futures pointed to a lower open for Wall Street, but were off the day's lows as Dow component Merck announced it will merge with Schering-Plough in a cash and stock deal.
At least two dozen US and European banks benefited from the rescue of AIG, with about $50 billion paid out to them since the Fed first gave aid to the insurance giant, the Wall Street Journal reported.
Somehow the powers that be have forgotten the lessons we learned from the Great Depression.
A rally in the last hour of trading lifted the Dow into positive territory on Friday, as surging oil prices drove energy stocks...
Stocks staged a late-day rally Friday, pushing the Dow to a positive close, after a report that a major UK bank has reached an asset-protection deal with the government.
Simply put, there is still too much negative sentiment - and sideline money is afraid to step in.
Stocks retreated as an early rally triggered by an on-target payrolls number fizzled.
As Bank of America hovers above its 52-week lows, options traders Friday are apparently anticipating that the stock will fall sharply in the next six months.
A long-running lawsuit brought by Enron investors against three financial firms over their dealings with the collapsed energy trader has been dismissed by a federal judge in Houston.
Merrill Lynch discovered a trading "irregularity" during a recent investigation of the troubled investment bank's London trading positions, the company said on Friday.
The latest overall job loss numbers showed a loss of 651,000 jobs in January and the unemployment rate climbed to 8.1%. This is the highest unemployment rate since 1983. The January and December numbers were revised to a loss of 655,000 and 681,000 respectively. 4.4 million jobs have now been lost since this recession began. Here is a breakdown of where the job losses were as well as which sectors were adding jobs.