ThinkstockThe Shanghai Composite, the exchange where most large Chinese companies trade, dropped 3.7%. The reason stated by experts was that planned government restrictions on cheap money for home buying would end. If property values drop,…
ThinkstockIn the coming weeks, the financial sector may move from worrying about the spending sequestration to the coming stress tests of the 19 major banks in the United States. We recently covered the Seven…
ThinkstockThe Federal Reserve Bank of Kansas City is often overlooked by economists and investors as being important in the national economic barometers. That might not be the case this year as Fed President Esther…
The U.S. Treasury just held an auction for its key 7-year notes on Wednesday and demand was deemed to be short of what bond investors wanted to see. Today’s auction was not a deathblow…
ThinkstockIt is usually interesting when Wall St. brokerage firms and research firms issue analyst coverage on each other. Sometimes the coverage is positive and sometimes it is negative. Many investors likely have to wonder…
ThinkstockCitigroup Inc. (NYSE: C) has a wide coverage of the financial universe, and that includes the banking giants. A report this Wednesday looks cautious on the firm’s coverage of the Canadian banking sector. The…
Last week’s release of the January FOMC meeting caused confusion due to so many Fed presidents and governors opining on how and when the FOMC might exit the quantitative easing of endless bond buying.…
courtesy U.S. Federal ReserveIt was just last week that we accused the Federal Reserve presidents and governors of wishing they could take back their wording and statements made in the January 20 to 30…
Frank Golhen, via Wikimedia CommonsThe research team at the Bank of America Corp. (NYSE: BAC) unit Merrill Lynch is resuming coverage of the public financial exchanges. IntercontinentalExchange Inc. (NYSE: ICE) was reinstated at Buy…
ThinkstockDeutsche Börse and CME Group Inc. (NASDAQ: CME) talked about a merger of the two big exchanges, and then apparently they did not. The consolidation of the sector has left some exchanges feeling small…
The minutes of the January 29 to 30 FOMC meeting released on Wednesday were the blame of the market sell-off. The communication so far is that this signals more and more growing trends of…
ThinkstockThe Federal Reserve has released its minutes of the January 29 to 30 FOMC meeting. The general conditions were positive and the caution was mostly around the weather at the time. While we generally…
ThinkstockIt looks as though things are becoming less and less dire by the week in Europe. Pressure continues to abate against the nation of the PIIGS. Even if austerity protests are taking place in…
Wikimedia CommonsJamie Dimon of J.P. Morgan Chase & Co. (NYSE: JPM) used to be a Teflon CEO. Now we have a shareholder action looking to split the role of chairman and chief executive for…
ThinkstockInterest rates have been kept at historically low levels by the Federal Reserve since the Great Recession began in 2008. The intent behind this was to spur loan activity and borrowing to grow the…