If you just read the E*Trade Financial Corp. (NASDAQ: ETFC) release about firing CEO Steven Freiberg, you missed the biggest point. Freiberg’s tenure highlights were a drop of 50% in the share price, a…
If you think that the higher regulation of banks and financial institutions is immaterial, it is not. Even if the banks need far more regulation than what they had been accustomed to, the projected…
The U.S. Treasury has not had the best week when it comes to Treasury debt auctions. The 30-Year $16 billion Long Bond auction was a dud. You have to consider that the 30-year ‘on…
Cisco Systems, Inc. (NASDAQ: CSCO) is due to report its quarterly earnings in less than a week. So what is a guy supposed to think when he sees two strong analyst upgrades on such…
The Carlyle Group LP (NASDAQ: CG) is set to diversify its private equity business by purchasing TCW (Trust Company of the West) from Societe Generale. Whether this is a full buyout or a majority…
The Federal Trade Commission has reached a settlement with Google Inc. (NASDAQ: GOOG) over a cookie tracking issue. We have received an email confirming the press conference and seen the press release showing that Google will…
The U.S. Postal Service is posting a whopping $5.2 billion loss for its June quarter. The losses are widening and its metrics keep getting worse. Concerns are growing as mail volume continues to decline and the…
The market is back up against resistance on the charts! Today we are tracking the daily buy/sell points on the SPDR S&P 500 (NYSEMKT: SPY) as the most liquid equity ETF on the market to help…
The report on wholesale trade in the month of June is now out, but we have already seen some of this in trade deficit data and in the most recent Q2 GDP preliminary data.…
Wells Fargo & Company (NYSE: WFC) is the bank that we said has replaced J.P. Morgan Chase & Co. (NYSE: JPM) as the safest of the money-center banks in America now. Wells Fargo just…
How many companies see their shares rise on direct offerings of stock? Vringo Inc. (NYSEMKT: VRNG) is trading higher again today, but not on raising capital. The company announced that it has entered…
It almost seems too good to be true, but the U.S. trade balance for the month of June came in far better than many were expecting. For many years the market largely has ignored…
More decent news came out of the Labor Department this Thursday as the weekly jobless claims totaled 361,000 for the past week. The only problem is that we already saw the nonfarm payrolls gains…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Thursday morning. Allscripts Healthcare Solutions (NASDAQ: MDRX) raised to Overweight at JPMorgan. American Electric Power Co.…
If the United States had China’s growth numbers, the world would be in the biggest boom that it has seen in a lifetime. The problem is that China is not anywhere close to the…
Everyone loves a good turnaround story, particularly in down-and-out technology stocks. The problem is that many turnarounds can never turn around. Computer Sciences Corp. (NYSE: CSC) was touted over and over as a technology…
24/7 Wall St. is tracking eleven key stocks on the move in the after-hours session. Most are of course on earnings, but this shows the move and a brief comment on the news flow…
ZyngaZynga Inc. (NASDAQ: ZNGA) is a company where shareholders already have very little no control. Call it no control to be precise. Now the company’s CEO is just that much stronger to do as…
You probably saw the news that McDonald’s Corporation (NYSE: MCD) saw negative same-store sales growth early Wednesday morning. Frankly, the 1.6% drop ought to be considered a success when you consider that shares were…
American International Group Inc. (NYSE: AIG) has completed its third round of shares being sold by the government (ergo, the taxpayer). This third share sale went off far better than others. We even noted…