U.S. Treasury Borrows Money for Free
What happened to all the talk about a rapid rise in interest rates? A Treasury bill auction today went off that effectively lends the U.S. government money for free. This was a four-week T-Bill…
Banking, finance, and taxes
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Newest first · Page 119Deutsche Bank Says Rotate from Industrials to Banks and Technology
ThinkstockWith the stock market trading at all-time and multiyear highs, the question on every investor’s mind is can the stock market go even higher? At 1,615, the S&P 500 is at 15.4 times trailing…
Thirteen Stocks Expected to Rise 40% to 100% — or More
Investors and traders alike always seem to be on the lookout for new speculative investment ideas that can generate massive long-term or short-term gains. While investors get to see many Buy ratings and some…
Berkshire Hathaway 2013 Annual Meeting Focus: Buffett Portfolio Changes
TwitterThis weekend will mark yet another annual shareholder meeting for Berkshire Hathaway Inc. (NYSE: BRK-A). Warren Buffett has even started to use Twitter to kick off what is often called The Woodstock of Wall…
NYSE MKT Hits Trading Glitch
Frank Golhen, via Wikimedia CommonsTrading at the NYSE Euronext’s NYSE MKT exchange was halted briefly today. What is important here is not that the trading halt barely last two minutes, but that more than 400 symbols…
Bank IPO Kicks Off Below Expected Range
ThinkstockING U.S. Inc. (NYSE: VOYA) held its initial public offering (IPO) today and the U.S. insurance arm of Dutch-based ING Groep N.V. (NYSE: ING) raised $1.27 billion at an IPO price of $19.50 a…
ECB Delivers on Interest Rate Cuts
ThinkstockThe European Central Bank (ECB) was expected to deliver a rate cut on Thursday, and that is exactly what the market got. The overnight refi rate was cut to 0.50% from 0.75%. We also…
Bernanke and FOMC Adopt Change in QE Asset Buying Language
ThinkstockBen Bernanke and the Federal Open Market Committee are leaving the near-zero rate policy flat at 0.00% to 0.25% for Fed Funds. That was expected and is expected to remain in place for some…
Extreme Dividend and High-Yield Trend: Junk Bond Spreads Reach Crush-Depth
The world of high yield dividends and high yield bonds has reached a level that seems almost unheard of just a year or two ago. If this is not a testament to junk bonds…
Spanish GDP Contracts 0.5% in First Quarter
ThinkstockSpain’s Instituto Nacional de Estadística (INES) reported this morning that the country’s gross domestic product (GDP) shrank 0.5% sequentially in the first quarter of 2013, the seventh consecutive quarter of falling GDP in the…
Why J.C. Penney Financing Buys Years of Operating Safety
courtesy J.C. Penney Co. Inc.Retailer J.C. Penney Co. Inc. (NYSE: JCP) said this morning that it has received a commitment from Goldman Sachs Group Inc. (NYSE: GS) for a five-year $1.75 billion senior secured…
Loews Earnings Stung by Low Energy Prices
ThinkstockLoews Corp. (NYSE: L) reported first-quarter 2013 results before markets opened this morning. The holding company reported adjusted net income of $334 million, compared with $392 million in the same period a year ago.…
New Monster Bond Fund from Jeff Gundlach and DoubleLine
ThinkstockJeff Gundlach is widely considered to be one of the top bond fund managers out there. He is also well-known for calling an Apple Inc. (NASDAQ: AAPL) short selling opportunity a couple hundred dollars…
New Senior Loan ETF Launched by First Trust
ThinkstockThey say there is an exchange traded fund (ETF) strategy for just about everything. Now investors can get exposure to the senior loan market as one method of protecting assets against rising interest rates.…
Why Citigroup Will Favor Stock Buybacks over Dividends
Citigroup Inc. (NYSE: C) is defying the market trends so far on Wednesday as the company’s annual shareholder meeting. The bank is still in what will be a multiyear turnaround. At the company’s annual…