ThinkstockThe Office of the Comptroller of the Currency lowers its rating of J.P. Morgan Chase & Co. (NYSE: JPM) management. (Reuters) Fannie Mae and Freddie Mac expect to pay back taxpayer money sooner than…
ThinkstockThe odds of winning millions in the lottery are extraordinarily low. When the Powerball jackpot reached $587 million in late 2012, a player had a one in 175 million chance of winning the whole…
thinkstockHere are today’s five biggest gaining stocks at closing: eFuture Information Technology (NASDAQ: EFUT) is up 44% at $4.19. Atossa Genetics Inc. (NASDAQ: ATOS) is up 34.1% at $12.35. Primo Water Corp. (NASDAQ: PRMW)…
The recent drop seen in Apple Inc. (NASDAQ: AAPL) may not have been a shock to many astute investors and it may not be a shock to anyone who has read much market history.…
U.S. equity markets opened higher this morning but worries about a resolution to the banking crisis in Cyprus soon took over and pushed shares down. In other parts of Europe, Spain’s bad loan ratio…
ThinkstockAre Fannie Mae and Freddie Mac really still safe from the bankruptcy chamber? 24/7 Wall St. is looking for a reality check here and we find it surprising that the giant moves here have…
The Cypriot parliament has just voted against stealing assets from depositors to fund the nation's bailout of its banking system. This is good news as it sends a message to the European Union that…
ThinkstockEnergy producer Harvest Natural Resources Inc. (NYSE: HNR) saw its share price cut nearly in half earlier today following a company filing with the U.S. Securities and Exchange Commission (SEC) this morning stating that…
A fresh report from the Employee Benefit Research Institute is signaling that most Americans are going to be retiring with nowhere close to having enough assets and savings for retirement. The long and short…
Brian Solis, via Wikimedia CommonsA 1994 Oregon Republican gubernatorial candidate, Craig Berkman, was charged with fraud today by the U.S. Securities and Exchange Commission (SEC) for a “Ponzi-like scheme” around last year’s initial public…
thinkstockChesapeake Energy Corporation (NYSE: CHK) is raising more capital, with this latest offering being a debt offering to the tune of about $2.3 billion. The laddered maturity schedule is going to be three years,…
courtesy of WalgreenThe nation’s largest drugstore chain, Walgreen Co. (NYSE: WAG) this morning announced that it and its European partner Alliance Boots have entered into a 10-year contract with drug distributor AmeriSourceBergen Corp. (NYSE:…
Fifth Third Bancorp (NASDAQ: FITB) is confirming last week’s news that the bank stress tests and the Federal Reserve’s Comprehensive Capital Analysis & Review is allowing for a higher bank dividend. The regional banking…
Wikimedia CommonsJ.P. Morgan Chase & Co. (NYSE: JPM) was a bank we already knew was effectively denied permission to raise its dividend. If you have tracked the stress tests and the return of capital…
ThinkstockBond yields have risen over the past month or two, and many investors expected those yields to keep rising. That was before Monday. The latest European debacle in Cyprus wanting to steal depositor funds to pay…