U.S. equity markets opened higher this morning even though the number of new U.S. claims for unemployment benefits rose more than expected before markets opened (more coverage here). The news was more than offset…
ThinkstockWells Fargo & Company (NYSE: WFC) is set to report earnings early on Friday morning. We voted this bank as the safest of the money-center banks before and that still stands. This is the only…
courtesy of Google Inc.Just last week, Google Inc. (NASDAQ: GOOG) agreed to be nice and cut short a two-year investigation by the Federal Trade Commission (FTC) into some of the company’s business practices. Smoke…
ThinkstockToday’s 30-Year Treasury Bond auction, the long bond auction, managed to look better than yesterday’s 10-year Treasury Note auction. Yesterday’s tone looked as though it was going to set a dismal tone for longer-term…
ThinkstockAn auto industry analyst has said that Chrysler Group LLC, which is majority owned by Italy’s Fiat SpA, could be worth as much as $13.5 billion just three years after the company filed for…
Apple Inc. (NASDAQ: AAPL) has enjoyed one of the best runs that a stock could enjoy over the last decade. In fact, Apple is still the largest company by market capitalization even after the…
ThinkstockPrices for WTI crude have risen above $94 a barrel for the first time in nearly four months today, reaching a high point of $94.70 a barrel on the Nymex. Brent prices have also…
courtesy of Wal-Mart Stores Inc.Two Democratic members of Congress, Henry Waxman and Elijah Cummings, said today that they have written a letter to Michael Duke, CEO of Wal-Mart Stores Inc. (NYSE: WMT) citing documents…
We have reported at great length recently on the lists put out by Wall Street firms that highlight their best of the best picks. Whether it is the “Conviction Buy List,” a “Focus List,” or…
ThinkstockIn January 2010, France’s supermajor oil & gas company Total SA (NYSE: TOT) paid about $2.25 billion for a 25% stake in the Barnett shale leases owned by Chesapeake Energy Corp. (NYSE: CHK). The…
Jon OggHerbalife Ltd. (NYSE: HLF) is getting more aggressive against short seller Bill Ackman of Pershing Square. After seeing shares fall from over $42 to under $25 in December after Ackman disclosed his short…
ThinkstockThe federal Consumer Financial Protection Bureau (CFPB) announced today the adoption of new rules for mortgage lenders that prohibit deceptive teaser rates or no-documentation from borrowers, as well as requirements that lenders make a…
thinkstockThe U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks declined by 201 billion cubic feet last week, above an average expected drop of around 186 billion cubic feet. Natural gas…
ThinkstockIf you watch and read financial news avidly, you will almost certainly admit that with all of the stories on Washington D.C., the fiscal cliff, Obama administration officials leaving in droves, gun control and…
ThinkstockThis week at the Consumer Electronics Show in Las Vegas, some of the biggest companies in the world will debut the next generation of products and technology. The goods on display are the product…