The Congressional Oversight Panel that keeps track of the TARP has a message for the Administration: The home loan modification program is moving so slowly that it cannot come close to matching the rate at which…
Reuters: Daimler kept its earnings and dividend outlook for 2010. Reuters: American International Group (NYSE: AIG) raised $2 billion thought an aircraft sale. Reuters: Intel Corporation (NASDAQ: INTC) results lifted markets in Asia. Reuters: …
Ambac Financial Group, Inc. (NYSE: ABK), the troubled muni bond insurance and financial guaranty company, was up to $3.39 earlier after opening at $2.95 this morning and after closing at $2.25 on Monday. At about…
Famous economist Nouriel Roubini has so many opinions on the future of the financial world that he is almost always right 50% of the time. He now says the Fed will keep rates at…
Companies that functioned primarily as natural gas producers have looked elsewhere for profits as the price of natural gas sticks around $4/thousand cubic feet. The development of tight shale plays, which yield very high…
Hulu, the premium video site owned by NBC Universal, News Corp., The Walt Disney Company, and Providence Equity Partners, began to make impressive strides as it passed the number of videos viewed at Microsoft,…
It may only be a matter of time before Ernst & Young gets in trouble in its role as auditor regarding the disintegration of Lehman Bros. The New York Times reported today that “In…
Updated throughout the day. New Hope, which is trying to buy Macauthur Coal, has begun to talk to the target’s large shareholders. (Reuters) OPEC might hike production if prices for crude hit $90 to…
Twitter has, by most estimates, 75 million visitors a month, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than…
By John Tamny of Forbes Fed Chairman Bernanke continues to give speeches suggesting government bailouts saved the economy, as though the U.S. economy is some kind of living, breathing, entity. But since it’s nothing…
Another major piece of news that should drive crude has come out. The IEA has revised its figure for global oil demand upward. Global oil demand will hit a record high this year, the International…
JPMorgan (JPM) and other big US banks have started a campaign against the Administration’s proposed program for them to cut the amount of the principles on the mortgages of millions of people. The White House…
A series of events in recent days is making it more unlikely that China will allow any revaluation of the yuan and increase the chance that the US will label it a “currency manipulator.…
The White House believes that the deficit has peaked and that the shortfall for the first half of 2010 will be much less than expected. The Administration bases this on an analysis of higher tax…
Many tech stocks have doubled or tripled from the March market lows. Short sellers are in many cases willing to bet that ride is not over. The short interest in Micron (MU) rose 75…
Twitter will start to sell ads on its 75 million member micro-blogging system, a move likely to anger some who worry about privacy and behavioral targeting of marketing messages. Members may even attack the…
“Never look over your shoulder. Something might be gaining on you.”–Satchel Page Jack Welsh once said that GE would sell any division of the conglomerate that was not No.1 or No.2 in its industry.…
Reuters: The Chinese president told Obama that the nation will make its own decision on the yuan. Reuters: Growth and cheap phones were key to Q1 industry growth. Reuters: Twitter will start to sell…
In 2009, there were just three Atlantic storms that earned the hurricane monikers — Bill, Fred, and Ida. None of these storms made landfall in the US as hurricanes. The predictions from Colorado State…
The Treasury Department released the statement of public debt as of March 31. According to the release, the national debt stood at $12.7 trillion. The statutory limit for public debt is set at $14.3…