The Federal Reserve is under pressure to offer solutions to falling markets and a slow economy. (Reuters) The Swiss franc hits a record against the euro. (Reuters) Bank of America (NYSE: BAC) sued by…
2.25 PM Comments from the Fed killed the rally, and the DJIA dropped into negative territory. The central bank will keep interest rates low through mid-2013, but it did not indicate any intervention which…
By Douglas A. McIntyre It’s the middle of the year, and by now, most large public companies have reported financial results for the second quarter of 2011. Some of the figures have been terrible…
4.00 PM VIX panic index up 40% to highest level since credit crisis. DJIA closes at lows off 628 which is 5.3%.NYSE trades 2.3 billion shares NASDAQ off 6.9%. S&P down nearly 6.7%. Gold…
Active traders and day traders have many stocks to choose from this Monday morning. We are tracking news and moves in shares of EOG Resources, Inc. (NYSE: EOG), McDonald’s Corporation (NASDAQ: MCD), and Royal Dutch Shell…
Yahoo! Finance: Second Recession in U.S. Could Be Worse Than First http://yhoo.it/pKlnu1 CNNMoney: European finance officials are stepping up their efforts to slow the rising panic over the eurozone’s debt crisis. http://bit.ly/o01ugm CNNMoney: While…
Updated throughout the day. Groupon doubled subscribers this year to 115 million. It will also drop a controversial accounting method used in its IPO documents (Reuters) GDF-Suez may sell 30% of itself to China…
Credit rating agency opinions always provide the steps a company or government needs to take in order to improve its grade. Standard & Poor’s rating action on the U.S., which downgraded the country’s long-term…
American International Group (NYSE: AIG) will sue Bank of America (NYSE: BAC) for $10 billion because the insurance company claims the big bank misrepresented the risks of mortgage-backed paper. The legal action further muddies…
Larry D. Rosen, PhD, professor of psychology at California State University, Dominguez Hills, presented a paper at the American Psychological Association annual meeting in which he said, “While nobody can deny that Facebook has…
Verizon (NYSE: VZ) faces a strike of 45,000 of its workers. Members of the Communications Workers of America and the International Brotherhood of Electrical Workers walked out because Verizon wants sharp cuts to offset…
The next challenge for Congress will be a tax deadlock. (Reuters) The Nikkei falls another 2% on news of a U.S. downgrade. (Reuters) Yields on Italian and Spanish bonds fall as the ECB agrees…
nationsonline.orgThe European Central Bank will begin to buy the sovereign bonds of Spain and Italy as a way to provide the two countries time to get their houses in order and to shore them…
On the day that the US lost its Aaa credit rating as determined by S&P and as Europe tried to calm the markets about the risks of Spain’s and Italy’s sovereign debt, the US…
Many economists don’t believe that the US debt ceiling is the biggest problem the country faces. In their view the most compelling issue is unemployment, currently at 9.1% and, given the nearly inevitable contraction…
Active traders and day traders have many stocks to choose from this Friday morning. We are tracking news and moves in shares of Alcatel-Lucent (NYSE: ALU), Brocade Communications Systems (NASDAQ: BRCD), and DST Systems, Inc. (NYSE: DST).…
The sell-off, which has driven most stock markets around the world down by 10% in the last week, is likely to get worse. It is a sign that many believe a new recession has…
Gasoline prices are likely to plunge. The same economic concerns that have prompted a massive sell-off in equities have also driven down the price of crude. It has retreated to $83 from over $110…
More and more people have joined LinkedIn (NASDAQ: LNKD), the professional social network. These people either like to see powerful people on their friends lists, or they are looking for jobs LinkedIn said revenue…
Just as the U.S. government is being criticized for a huge deficit and an inability to control its growth, the cost the Treasury spends to raise money has fallen sharply. It is an example…