Short sellers reduced their positions in major financial firms and their positions in major tech stocks were divided, based on data from the NYSE and Nasdaq for the period that ended February…
The Fed is unlikely to act with bond purchases if February unemployment figures are good. (Reuters) Low inflation in China could drive banks there to ease capital requirements to increase credit access.…
The next wave of stress tests on the U.S banks is due in the coming week. While many of the banks have reportedly been asking regulators to be less transparent, there are some…
The Wall Street Journal reports that Bank of America (NYSE: BAC) may add new consumer bank fees, several months after it withdrew a plan to charge $5 for some transactions. The press…
Statements by Bernanke about the uneven economy push stocks down. (Reuters) Chinese factory activity grows more than expected in February. (Reuters) Facebook sets new advertising tools for major marketers ahead of its…
Berkshire Hathaway Inc. (NYSE: BRK.B) (NYSE: BRK.B) is very widely followed due to the great performance through time and due to the following of the great Warren Buffett. It has been an…
Cult stocks and controversial stocks often have an unusually high short interest. What is amazing is that the bets against these companies sometimes go off the charts and we see some very…
Yahoo! (NASDAQ: YHOO) threatens a patent suit against Facebook, citing a number of violations. (Reuters) TransCanada (NYSE: TRP) cuts the length of its Keystone XL pipeline in the hopes of finishing some…
Warren Buffett and Berkshire Hathaway Inc. (NYSE: BRK.A) have invested in banks on and off, and the public filings show that Berkshire is a larger and larger stake holder in Wells Fargo…
The nation’s biggest banks are losing customers to smaller local competitors according to a recent survey by J.D. Power and Associates. Between 10% and 11.3% of 5,000 surveyed customers at large, regional,…
The annual letter for Berkshire Hathaway Inc. (NYSE: BRK-A) is out and the discussion immediately jumps in about who will succeed Warren Buffett, book value, buybacks, and the portfolio. Berkshire Hathaway’s book…
Steve Wynn pushes major shareholder Kazuo Okada off the board of Wynn Macau. (Reuters) AIG (NYSE: AIG) makes a large profit on portfolio gains. (Reuters) Apple’s (NASDAQ: AAPL) legal fight with Proview International…
Flickr, Images of MoneyA recent report on foreclosure abuses in San Francisco has dimmed the excitement of a settlement of foreclosure abuses among banks, the federal government and state attorneys general. The amount of that…
If you think ratings agencies do not quite matter any longer, today may be a reminder that they can still create at least some nervousness even if they are just late to…
The three major US stock indexes opened slightly higher this morning, but the DJIA almost immediately turned south and remained in negative territory all session. The Nasdaq composite and S&P 500 turned…
