Under this plan, buyers will be allowed to pay half their balance now and the remaining half on the day the Dow Jones reaches 10,000 or by Nov. 15, 2009, whichever comes earlier. Read More
Warren Buffett's Berkshire Hathaway has agreed to make a new $300 million investment in USG Corporation, sending shares soaring for the big Chicago-based building materials maker. But USG will be paying a high interest rate for Buffett's "expression of confidence." Read More
Warren Buffett doesn't appear to be worried about multi-year lows in the stock market. In an interview on Fox Business Network, a smiling Buffett says "it's happened before" and it's been even worse. As for the sharp drop in Berkshire's stock price, Buffett says that's also happened in the past and he jokes that he hopes he lives long enough for it to happen to him again several times in the future. Read More
Events move much faster than individual corporations, unions, and governments can act. However, they all are finding ways to adjust. While I expect the learning curve to remain steep, the knowledge is getting processed and acted upon Read More
House Speaker Nancy Pelosi is saying that Congress is ready to help Detroit on one huge condition. "You show us the plan (for using $25 billion to become healthier companies) and will show you the money," Pelosi said. Read More
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Layoffs: From Stock Boon to Burden Back when things made sense in the stock market, a company announcing layoffs would be greeted as a positive sign that it was getting its act together and shoring up its bottom line. Things are more than a little different these days.
Currency Prediction: Dollar Will Collapse Two years ago, celebrated investor Peter Schiff predicted the financial markets were headed for a crisis. What's his prediction now? The dollar is going to fall. Hard.
Recessions have a way of focusing the mind. They also help the "uber-rich" pull up the drawbridge, says Hugh Hendry of hedge fund group Eclectica, who was on "Squawk Box Europe" this morning. Read More
Considering the S&P is dancing with its 2002 lows, does it have much farther to fall? Find out from celebrated technical analyst Louise Yamada! Read More
Not only are shoppers hitting the mall less frequently, they’re also hitting the computer less frequently this holiday season and that has e-tailers pulling out all the stops — before the turkey even hits the oven. Read More