Stocks saw a Ben Bernanke-fueled rally Friday, even though the Fed Chief warned that the economy continues to remain weak in the short term.
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Investors stuck with U.S. Treasuries Friday as they sought safety after Federal Reserve Chairman Ben Bernanke failed to announce any new stimulus measure to jumpstart the economy...at least for now.
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Investors will be focused on insurers, who could be footing a massive bill as a hurricane bears down on the East Coast.
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Warren Buffett earned $357 million in paper profits on Thursday simply on warrants related to his $5 billion equity infusion into Bank of America. Not bad for a day's work.
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Apple's shareholders are willing to give the company's newly anointed Chief Executive, Tim Cook, at least two years to prove himself.
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There is probably a greater chance that an earthquake will hit Jackson Hole, Wyo., on Friday at 10 a.m. ET than there is of Federal Reserve chairman Ben Bernanke announcing a third round of quantitative easing.
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Gold prices recovered from earlier losses Thursday to close modestly higher after a major sell-off Wednesday.
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Bank of America CEO Brian Moynihan has a new BFF. His name is Warren Buffett. Heard of him? Shares of the bewitched, bothered and bewildered bank were up 9% in early afternoon trading Thursday after Buffett's Berkshire Hathaway announced it was investing $5 billion in preferred shares of Bank of America.
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Bank of America finally caught a break.
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Apple's stock slipped about 1% Thursday, recovering from an after-hours sell-off sparked by news that Steve Jobs was stepping down as CEO.
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