Groupon Inc. (NASDAQ: GRPN) is getting into the business of mobile payments for small merchants. The move is to compete with Square, which just received a valuation of more than $3 billion, and other mobile payment…
Bank of America Corp. (NYSE: BAC) is issuing coverage updates on the U.S. regional banking sector, with price target upgrades as it is “mining the melt-up” seen in the rise in bank stock prices.…
After the markets closed today, Goldman Sachs Group Inc. (NYSE: GS) announced that current CFO David Viniar will retire after 12 years in the position and 32 years with the firm. Goldman named Harvey…
In remarks this morning in Ann Arbor, Michigan, Chicago Federal Reserve President Charles Evans offered a strong endorsement of last week’s FOMC decision to begin a third round of quantitative easing. Evans’s remarks are…
William C. Dudley, President and Chief Executive Officer of the New York Federal Reserve, was speaking today. Unlike other critical voices of QE3 from Dall Fed President Fisher today and from Richmond Fed President…
Another Federal Reserve president is talking against the notion of more and more quantitative easing. This morning’s appearance by Dallas Fed President Richard Fisher on CNBC was out talking against this latest round of quantitative…
The U.S. Treasury has disclosed its monthly Treasury International Capital (TIC) report. Investors and economists use this barometer to determine which nations are buying or selling U.S. Treasury notes and bonds. This usually has…
Banks are back in favor. The most recently announced round of quantitative easing via mortgage-backed securities purchases from the Federal Reserve follows a ratings action earlier this year in which Moody’s downgraded 15 of the…
Delinquencies at Capital One Financial Corp.’s (NYSE: COF) U.S. credit-card business rose in August from the month earlier, while charge-offs slipped, according to a filing with the Securities and Exchange Commission. The McLean, Va.-based…
The bickering over the structure that banks and sovereign bailouts should take continues among Europe’s leaders. As a meeting of the finance ministers of the region ended, two critical issues remain unresolved. The first is whether…
NYSE Euronext, Inc. (NYSE: NYX) is settling an SEC charge for what may be nothing more than a slap on the wrist. The Securities and Exchange Commission today brought what is the first ever charge…
If you do not know Marc Faber by name, perhaps you have heard of the Gloom Boom & Doom Report that he publishes. He is well known for criticism of monetary policies, as you…
Bank of America Merrill Lynch is getting more bullish for its 2013 S&P 500 market outlook. The new target is 1,600. The problem is that the macroeconomic call is saying that stocks are now…
Following today’s announcement from the FOMC that the Federal Reserve will begin another round of easing, the central bank has made a number of changes to its economic forecasts. The June forecast projected 2012…
Ben Bernanke and the FOMC delivered today on the promise of quantitative easing to start buying mortgage-backed securities to the tune of $40 billion per month. The measure would allow for $23 billion or so…