FOMC: QE2 As Long As the Eye Can See
The FOMC, as expected, has left the Fed Funds rate unchanged in another 10 to 1 vote. More important is the FOMC’s outlook on the economy, inflation, and on quantitative easing progress. Ben Bernanke…
Banking, finance, and taxes
All Banking, finance, and taxes Articles
Newest first · Page 189PIIGS Banks Watching Rising Spanish Bond Yields (STD, BBVA, AIB, IRE, NBG)
Tracking European banks, particularly those in the lands of the PIIGS, often requires looking at individual national sovereign debt issues on top of banking-related news. That is the case in Spain today and the…
Despite Fresh Highs, Berkowitz & Fairholme Keep Adding AIG Shares (AIG)
American International Group Inc. (NYSE: AIG) keeps seeing Fairholme Capital Management, L.L.C. and Bruce Berkowitz take a larger stake in the company. AIG shares hit a new 52-week high just last week after the…
Junk Bond Funds Losing Face On Treasury Yields (HIO, MHY, PHK, HYG, JNK)
As the economic outlook continues to improve, lower Treasury bond prices and higher yields seem to be putting pressure on several of the key high-yield bond funds on the market seen in closed-end funds…
Swift Set for IPO, A Re-Public Offering (SWFT)
Swift Transportation Co. (NASDAQ: SWFT) is set come public this week, and that should read “come public again.” The trucking giant is coming back as a public company on Wednesday after shares price on…
Long-Dated Treasury Yields at 6-Month High (TBT, TLT)
Treasuries are seeing a continued slide as the impact of QE2 and raised economic projections along with higher inflation in China. The 10-Year Treasury hit a yield above 3.39% and that marks the highest…
Dean Foods Able to Raise Capital (DF)
Dean Foods Co. (NYSE: DF) has been an awful stock for investors in the dairy sector in 2010. Shares are actually down more than 50% from the year’s high. This morning saw an interesting…
PIIGS Banks Hot Again, One Doubled in Two Weeks (AIB, IRE, NBG, STD, BBVA)
The banks in the lands of the PIIGS are seeing some bids yet again today. That makes three in a row of big moves in Ireland, and now we have Greece and Spain today. …
Suddenly, Bond Yields May Shine Over Stocks (TBT, TLT)
QE2 has so far had no impact on keeping Treasury bond yields lower. Lower taxes, higher deficits, European bailouts, and a still-present race by nations devaluing currencies are all to blame. The rise seen…
More Love For Irish Banks (AIB, IRE)
Irish shares are ripping higher again this morning after big gains in Tuesday. This morning there are comments from Irish Finance Minister Brian Lenihan denying any default possibilities. Lenihan was noted as saying that…
Consumer Credit Rises For Second Month
Who said borrowing is dead? We have now seen two consecutive months of rising credit in America. While September consumer credit was revised to a gain of $1.2 billion rather than a gain of…
GE Capital Presentation, Almost An All-Clear Sign (GE)
General Electric Co. (NYSE: GE) is often hard to evaluate but if any unit will rule the roost, that is arguably GE Capital. This continued improvement was part of our thesis when we named…
GNC: Chinese Food Company Wants to Muscle Up (IBM, BX)
It appears that the talk about China’s Bright Food Group Co. wanting to buy US nutritional retailer GNC Holdings Inc. is about to prove true. The Wall Street Journal is citing “people familiar with…
After Gov’t Exit, Citi Can Still Double (C, MS)
The U.S. Treasury has exited its stake in Citigroup Inc. (NYSE: C). Normally you would expect shares to drop when you see 2.4 billion shares sold out or so, but that is not the…
Treasury Files to Unload Citi Stake (C)
An SEC filing right after the close of trading on Monday is showing that the Treasury is set to unload shares of Citigroup, Inc. (NYSE: C). The filing did not disclose how much is…