You could hear the screams on Wall Street (and perhaps a few sighs of relief that the bloodletting was over -- for today at least) when the Dow closed down 427 points -- to a level BELOW 8,000 for the first time in over five years. The market's in "critical condition," says Cramer, and likens it to a "hospital emergency room."    Read More

As President-elect Barack Obama rushes from secret job interviews with ex-primary rivals, to briefings on the global financial crisis, to discussions of saving the U.S. auto industry, the post-election period may feel frenetic.    Read More

For $35, you can order a wood coffin filled with actual shredded money and a plaque of your choice, including "R.I.P. Lehman Bros., 1885-2008", and "R.I.P. Bear Stearns, 1923-2008."    Read More

Not all the emails I received about some Merrill Lynch financial advisors feeling "insulted"--according to a recruiting firm--were full of anger at the Merrill employees. Some were quite supportive.   Read More

After I blogged about a recruiting firm claiming that dozens of Merrill Lynch Financial Advisors feel "insulted" by the retention packages being offered by Bank of America, I got a lot of email. Here's a sampling of the "you've got to be kidding me they're lucky to have a job" emails.    Read More

Just four years ago, after President Bush won re-election with expanded Republican majorities in Congress, academics, journalists and party strategists wondered whether his blend of free market economics, cultural conservatism, and national security hawkishness might create long-lasting Republican rule.    Read More

It becomes a monumental problem for Apple's valuation when you consider that if Apple didn't defer iPhone revenue, the product would account for 44 percent of Apple's fourth quarter revenue, and a whopping 63 percent of its profits from the device.   Read More

The market leaving you speechless? Here's a new market vocabulary making the rounds. My favorite is the new definition of "profit."    Read More

Late in the day Treasury Secretary Paulson did disappoint traders by saying it would take several weeks before Treasury would buy assets, but he also mentioned the powers to inject capital into financial institutions that the Treasury now has.    Read More

We’ve become accustomed to calling this an age of parity between the two parties. But Republicans and Democrats enter the election homestretch a study in contrasts--of philosophy, strategy and confidence. Democrats view the Wall Street bailout as what Barack Obama calls "the final verdict" on the free-market ideology that has dominated American politics for a generation.   Read More