The Federal Reserve keeps saying that many of its dealings with the financial industry must remain secret. Congress keeps insisting that no such secrets should be kept from the taxpayers who are funding the massive bank bailout. …
Many people who fly on airplanes do not like it one bit. Some of these are claustrophobic while others object to the fact that they are not allowed to smoke at 37,000 feet anymore.…
Investors find it disconcerting to see the stocks in the huge financial institutions that are at the foundation of the global capital system trading up and down 25% a day, and, in some cases…
Short sellers were figuring that after the bank rally late last month, banks shares were likely to give back some gains. That was working until Wells Fargo (WFC) reported that it would have a…
According to Reuters, banks have been asked to keep the results of the “stress tests” of their financial conditions confidential. Reuters reports that the Fed says its current plan is to prevent inflation. Reuters…
Baker Hughes (NYSE: BHI) has released its weekly rig count. The overall count between the U.S. and Canada did post another drop despite the notion that oil prices have risen back to where many…
GE (GE) is surging based on the assumption that results from Wells Fargo (WFC) are an indication that earnings from the conglomerate’s financial services business will be relatively strong. The stock is trading up…
Apple (AAPL) is up today, but so is almost everything else. The company is getting special attention from investors because Credit Suisse upgraded its view of the firm’s prospects for the second quarter. Apparently,…
The CBOE Volatility Index, or the VIX or the ‘fear index,’ has been rolling over and dying because of the rally we have seen over the last five-week period. The DJIA is currently back…
The government is now insuring insurers. Guess who’s at the center of the drama. By Chadwick Matlin of The Big Money In honor of spring cleaning, it’s worth taking inventory of what’s underneath the…
Equity One, Inc. (NYSE:EQY) joined the ranks of REITs wanting to raise cash to pay down debt. The REIT priced 6.5 million shares of common stock at $14.30 per share. This will bring in…
Bill Ackman’s Pershing Square’s fund that invests solely in Target (NYSE: TGT) saw its value gain 48% in March. For the month of March, Target saw its shares rise by 21%, but Ackman’s Target…
By John Tamny of RealClearMarkets Back in 2000 and 2001, the first stage of the Internet era ran aground in an ugly way. From Webvan to theGlobe.com to eToys, investors saw their stakes in…
FuelCell Energy, Inc. (NASDAQ:FCEL) has received final approval from the Connecticut Department of Public Utility Control to build 9 plants that will together generate 27.3 megawatts of electricity. The state issued preliminary approval of…
A-Power Energy Generation Systems, Ltd. (NASDAQ:APWR) is a Chinese maker of distributed power generation systems and, just recently, wind turbines. The company reported fourth quarter and full-year 2008 results before the market opened this…
We are still seeing overall weak trends in the retail sector. This is no shock based upon the overall drop in the economy and the growing army of unemployed workers out there. But there…
The weekly jobless claims is still a dismal reading. Thankfully, it was just a tad less dismal than before. The new drop came in at -20,000 from 674,000 to 654,000. The expected drop was…
Wells Fargo & Co. (NYSE: WFC) is going to be taking the bank stocks significantly higher, particularly the Direxion Financial Bull 3X Shares (NYSE: FAS). The company is releasing earnings on April 22, but…
Wal-Mart’s (WMT) same-store sales were light, by a lot. For the four weeks of March, revenue was actually down 2% to $36.2 billion. International sales killed results by dropping 15% to $8.1 billion.
These are some of the early bird analyst upgrades and downgrades we have seen on Wall Street this Thursday morning ahead of the long weekend: Bed Bath & Beyond (NASDAQ: BBBY) Cut to Neutral…