Jefferies Group, Inc. (NYSE: JEF) should finally get some vindication showing that it is truly not the next MF Global like so many rumors and short seller attacks may were suggesting. The investment banking…
Bill Gross, the bond king, should spend less time on television and more time in his office shoring up the poor results of his PIMCO Total Return Fund. It has had $17 billion in…
Olympus may hire its former CEO, Michael Woodford, in the midst of an accounting scandal. (Reuters) Foreign investment in China drops for the first time in 28 months. (Reuters) Holiday sales continue to tick…
Americans have started using their credit cards again — and in a big way. Credit card debt jumped 154% in the third quarter of 2011 compared with the same period a year ago, according…
As expected, the European Central Bank has followed through with some of the market expectations of a rate cut. Unfortunately, not all rate cuts are created equally. Thursday’s decision from the central bank was a cut…
Jamie Dimon of J.P. Morgan Chase & Co. (NYSE: JPM) is well-known for being outspoken. At a Goldman Sachs financial conference today, Mr. Dimon spoke out with his usual wording which some believe makes…
Bank of America (NYSE: BAC) CEO Brian Moynihan has no credibility left on Wall St. That makes his comments that the financial firm’s balance sheet has improved hard to believe. Skepticism will continue to show…
According to media reports, Citigroup (NYSE: C) will fire 4,500 people MarketWatch reports The bank will make the cuts which are less than 2% of its workforce, in an effort to trim costs, , citing…
The entire world now knows about the European Union warnings from S&P on Monday. This morning came word that the ‘AAA’ long-term credit rating on the European Financial Stability Fund is now also being…
Sarkozy and Merkel have gone from killers of the markets to saviors of the market, and oddly enough there is no full resolution yet to the Euro Zone debt crisis other than he hope…
Berkshire Hathaway Inc. (NYSE: BRK.B) does not get new analyst calls all that often, so when a new call comes up or when a change in ratings comes up it really tends to stand…
Sprint Nextel Corporation (NYSE: S) has decided not to leave Clearwire Corporation (NASDAQ: CLWR) in the dust. The two companies have had a history of tie-ups and the risk that it is going to…
The Federal Reserve has issued some news that equity investors are going to love, and bond investors may enjoy the news as well as it could stop the blood-letting of bond spreads. The Federal…
Standard & Poor’s is at it again… more downgrades and this time in the ailing banking sector. While we focused solely on the U.S.-based banks here, the downgrade was handed aimed at 37 of…
Bank of America Corporation (NYSE: BAC) has not done well with a good market nor with a bad market. The big gap-up Monday was sold off and now the lows on Tuesday have violated…