Short sellers appear to believe that the gyrations in the market will, on balance, bring the indices down. And some stocks, they are willing to gamble, will fall significantly. Their bets on…
Bank of America Corporation (NYSE: BAC) has been the subject of more rumors and more speculation than one could imagine. Most of the rumors and speculation feel like 2008 rather than 2011. …
Hurricane Irene will move up the East Coast, possibly hurting business activity. (Reuters) Sprint-Nextel (NYSE: S) to begin selling the Apple (NASDAQ: AAPL) iPhone 5 in mid-October. (Reuters) Samsung to begin an…
J.P. Morgan Chase & Co. (NYSE: JPM) is the highest credit quality of the money center banks in America. Bank of America Corporation (NYSE: BAC) is not. Far from it. You have…
There is a rumor circulated on Wall St. that JP Morgan (NYSE: JPM) will take over Bank of America (NYSE: BAC) within the week. The government will support the deal with a…
Federal officials may consider cuts in food stamp programs that serve 46 million people. (Reuters) Housing prices probably continued to fall in July. (Reuters) Toyota (NYSE: TM) and Ford (NYSE: F) to…
Jon OggWe won’t bother telling you what hard week this was, but we will tell you that at least some smart-money investors are out looking for bargains right now since stocks have…
Updated throughout the day Zerohedge: Fed’s Dudley Predicts Stronger Growth in Second Half of 2011. And JPM predicts 0.5% GDP in Q1 2012 USA Today: Reports: Bank of America cutting 10,000 or…
Douglas A. McIntyre A memo from Bank of America CEO Brian Moynihan (NYSE: BAC) says that the financial firm will cut 3,500 jobs this quarter. Further restructuring could push that number as high as 10,000. Analysts…
Douglas A. McIntyre Hewlett-Packard (NYSE: HPQ) may spin off its PC business because it bought enterprise software firm Autonomy for $10.3 billion. (Reuters) News Corp. (NASDAQ: NWS) begins to prepare for the possibility that James…
At about mid-day, the Dow is off nearly -4%, the Nasdaq is off nearly -4.5%, and the S&P 500 is down just over -4%. It’s not a good day, and things are…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Wednesday morning. Aixtron SE (NASDAQ: AIXG) Cut to Hold at Deutsche Bank. Bank…
SABMiller makes a hostile bid for Foster’s Group. (Reuters) The Swiss National Bank says the franc is overvalued. (Reuters) News Corp. (NASDAQ: NWS) management under more pressure as a reporter says News…
The 2011 Class of Private Equity-Backed IPOs is really off to a rough start. The market conditions of late have all culminated to create a cautious IPO environment and even a cautious…
Billionaire and hedge fund manager John Paulson of Paulson & Co. and of Paulson Management is a widely followed equity hedge fund manager for whale watchers. He has made billions of dollars,…
