Fannie Mae and Freddie Mac shares had their best day in more than two decades on Wednesday after Wells Fargo's strong earnings spread relief across Wall Street, even as a plan to prop up the two mortgage finance titans met resistance from congressional R

U.S. stocks fell, extending the market's worst monthly drop in almost six years, as record oil prices dragged down consumer shares and mobile-phone companies declined on concern demand is waning. AT&T Inc. and Verizon Communications Inc. dropped after Lo

Funds that invest in banks and brokerages are luring the most money this year, even as the shares they buy post their biggest declines in almost five decades because of mounting credit-market losses.

Curtis Jensen, manager of Third Avenue Small-Cap Value, says a safe business is one that possesses a rock-solid balance sheet and the fortitude to weather unforgiving financial markets and rocky economic times.

July 21 (Bloomberg) -- Asian stocks rallied the most in four months, led by financial companies and raw-material producers, on speculation profits can withstand a global economic slowdown.