The Federal Reserve took a risky step that will involve the purchase of $600 billion in securities. (Reuters) Nations in Asia and Latin America said they would alter policy to combat dollar inflows based on…
The Canadian government blocked BHP Billiton’s (NYSE: BHP) $39 billion takeover of Potash (NYSE: POT), which is based in Saskatchewan The move will likely severely damage Canada’s reputation as an open capital market. It will…
By Catherine Wood Inflation is dead, according to financial pundits in the papers and on TV. The Federal Reserve has kept interest rates near zero to stimulate the economy. Mortgage rates are at all-time…
In the midst of the one of the worst car sales environments in US history, GM has announced details of its IPO. If the company were not the leading auto company in the world’s…
Investors may be giddy with delight over last night’s decisive Republican victory in the midterm elections. But a reality check is in order. Marco Rubio, the new Republican Senator-elect from Florida, pointed out voters…
From AppleInsider: Apple has not provided enough evidence to prove that Nokia has violated patents, according to a memo from the International Trade Commission obtained by the International Trade Commission. The site calls it…
Just last week the Mortgage Bankers Association, MBA, released its forecast for mortgage rates and numbers for the rest of 2010 and 2011. The association expect 30-year mortgages to fall through the fourth quarter…
Twitter has, by most estimates, 145 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than one million…
The ADP employment report, sandwiched between Challenger Gray and the Friday government numbers, showed a tiny improvement in private sector payrolls. It was not enough to convince even optimists that the jobless rate will…
Updated throughout the day. BP plc (NYSE: BP) may keep its dividend low (WSJ) Chinese PE firm Hopu Investment Management will begin to shut down operations. (FT) Citigroup may be looking for a buyer…
Unemployment rates in the US may not get worse, but they won’t get better again soon, it seems. Challenger, Gray & Christmas announced that “Downsizing activity remained flat in October, as employers announced job…
Oil moved up to $84.69 on a path that may well take it above $90. US stockpiles were down 4.1 million barrels according to the American Petroleum Institute. OPEC has said that $90 oil…
T-Mobile says there is no need to switch to Sprint-Nextel (NYSE: S) to get the 4G speeds that Sprint WiMax offers. There is also no need to wait for the LTE 4G technology that…
The World Bank anointed China as the premier large growth economy. It reported that, while GDP improvements may moderate slightly, its 9.6% third quarter increase was surprisingly strong. The World Bank downplayed the risks…
The Democrats lost control of the House of Representatives and some of their lead in the Senate, as was expected. The reasons for the shift were obvious before the election. As has been true…
The Republicans took control of the House but not the Senate. Solar panel maker Solyndra was forced to halt expansion, to some extent because of Chinese competition. (NYT) Cotton prices will cause clothing retail costs…
Twitter has, by most estimates, 145 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than one million…
Updated throughout the day. The government will cut its stake in GM as low as 30% with the car company’s IPO (WSJ) The Fed will buy $500 billion worth of bonds (Bloomberg) Goldman Sachs…
The Treasury Department says it will make a profit on the investment it made for taxpayers when it bailed out AIG. That leads to the question of whether the US government can make money…
The Republicans will win the House of Representatives it seems. They may also control the Senate, although that is less likely. The President could face two hostile chambers of Congress. To one extent the…