The U.S. will tap its Strategic Energy Reserve as a way to bring down gasoline prices. (Reuters) A large rise in iPad sales helps drive Apple’s (NASDAQ: AAPL) shares to new highs.…
GS.COMGoldman Sachs (NYSE: GS) was attacked by an executive director who left today. The reason for his departure was that he thinks Goldman is a culture of devils who love money and take advantage of gullible…
The Nasdaq rose above 3,000 for the first time since December 2000. The extraordinary move was helped by Apple (NASDAQ: AAPL), which makes up a large portion of the index’s value. But…
Most U.S. banks do well on Fed stress tests, but Citigroup (NYSE: C) does poorly. (Reuters) The prime minister of China says the government will speed up economic reforms to cushion the economy.…
Almost all of the stress tests for America’s 19 largest banks demonstrated the financial companies possess adequate capital to survive an economic event similar to the Great Recession. One exception was Citigroup (NYSE: C). Citi has had over two years…
Douglas A. McIntyre J.P. Morgan Chase & Co. (NYSE: JPM) has raised its dividend as we expected. Good news on the surface, but a true disappointment in reality. The bank has declared a quarterly dividend…
The next wave of stress tests on the U.S banks is due to come out by the end of this week. The Federal Reserve is expected to show that bank balance sheets…
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…
Richard “Dick” Parsons, former CEO of Time Warner (NYSE: TWX), will leave his post as Chairman of Citigroup (NYSE: C). Many observers believe he stayed far too long. Most of the Citi board…
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…
Jon OggThese are some of this Monday’s top analyst upgrades, downgrades, and initiations seen in Wall Street research calls. American Campus Communities Inc. (NYSE: ACC) Raised to Buy at Argus. American Electric…
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,…
President Obama may propose a new corporate tax rate. (Reuters) The U.S. Consumer Financial Protection Bureau will examine overdraft fees. (Reuters) Apple (NASDAQ: AAPL) will hold its annual meeting with the company in…
