The storm hitting Wall Street ramped up to category 5, and it's not over. Wednesday's markets illustrated in every way the fears investors have been living with since the credit crises began a year ago.
Morgan Stanley is negotiating with the Chinese government for a fresh infusion of funds into the beleaguered investment bank, sources tell CNBC.
British bank Barclays said it could acquire some of Lehman Brothers' businesses while economists discuss the future of the financial sector. Following are today's top videos:
Will history repeat itself, but in a good way? Cramer thinks it might.
Wall Street tumbled to a three-year low on Wednesday after the rescue of AIG failed to calm a crisis of confidence in global markets, leaving banks scared to lend to each other.
"Panic" is breeding stock-buying opportunity, says Bill Quinn, chairman of American Beacon Advisors. He offered CNBC his investment advice amidst market turbulence.
Morgan Stanley, one of the two last major American investment banks, is considering a merger with the Wachovia Corporation or another bank, according to people briefed on the discussions, reported the New York Times.
Even as the money in your low-interest bearing savings account is probably making you more this week than the money in your trading account, the money in your brokerage account is actually probably safer from an insurance perspective.
The U.S. dollar dropped Wednesday against the euro and against the yen, after news that the Federal Reserve would bail out AIG. But CNBC's Matt Nesto reports that the Fed continuing to hold interest rates steady might make the greenback a good buy.
Wall Street suffered another beating Wednesday at the hands of investors panicking over the state of large banks, as they flocked from stocks and sent safe-haven areas like gold soaring.
But late news of possible deals involving Morgan Stanley and Washington Mutual might help ease market jitters on Thursday.
As the crisis on Wall St. continues, there continue to be a number of financials that are up over the past three days. Here is an updated list of the S&P Financials that are winning and losing in the aftermath.
For a solution, Cramer says, we need only study our past.
Bears say the are accurately reflecting conditions, and in fact they have been accurately reflecting conditions all year. This is the main argument for bears: the most bearish positions--as reflected in the credit markets--have been the most correct positions this year.
On Monday, for example, mutual fund investors panicked and pulled $10.9 billion out of the market (TrimTabs), with particularly large outflows ($4 b) from global funds.
Morgan Stanley is trading down 16 percent, despite several positive analyst comments on their earnings, as traders note that credit spreads are widening. The Reserve's Primary Fund, a money market fund, "broke the buck" (the net asset value of the fund fell below $1) because it owned Lehman paper.
The unprecedented government rescue of insurance giant AIG calms the market's angst, but the question is whether credit markets will cooperate with the Fed and what other shoes are there left to drop.
Morgan Stanley officials are weighing whether the firm should remain independent or merge with a bank given the recent turbulence in the company's stock, CNBC has learned.
American International Group will avoid bankruptcy with the help of an $85 billion bridge loan from the federal government, in exchange for an 80 percent stake in itself, sources told CNBC.
Morgan Stanley announced quarterly results earlier than expected, and Sandisk rejected a buyout offer from Samsung. Here's how to trade the news.