The Dow Jones industrial average, or DJIA, is perhaps the mostly widely recognized index in the world. When people talk about “The Market” in cabs and in bars, and on the phone,…
GM’s (GM) auditors expressed doubt that the car company will remain a “going concern.” Accountants often offer these opinions. They don’t usually mean much. If GM gets $100 billion from the federal government…
Douglas A. McIntyre There was always a sweet bit of fiction in the notion that Ford (F) was so much better financially than GM (GM) or Chrysler that it could weather the global economic downturn…
Hyundai is now the most successful car company in the US and it has the numbers to prove it. It has come up with a way to sell cars to people who…
According to Reuters, Obama spoke about the economy with optimism as his aides defended the budget. Reuters reports that a Senate panel will question Swiss banking’s secrecy policy. Reuters reports that foreclosures…
It was never supposed to come to this. The global recession has hurt car companies with weak balance sheets such as GM (GM) and Nissan and forced them to turn to their governments…
According to Reuters, too much dependence on government aid could cause a second recession when the companies are forced to stand on their own. Reuters reports that Obama is considering funds to…
On reading Warren Buffett’s much-anticipated letter to Berkshire Hathaway’s shareholders, one can’t avoid being struck by his faith in the ability of the American people to overcome adversity and to move the…
According to Reuters, AIG (AIG) will receive as much as $30 billion from the government in a deal which pieces of some of the insurance company will be owned by the Fed.…
According to Reuters, Obama is prepared to put up to $750 billion into banks. Reuters reports that the government and Citigroup (C) has worked out an equity conversion deal that will give…
GM (GM) posted a loss of $9.65 a share for Q4 2008 compared to analyst forecasts of a $7.40 loss. Under most circumstances, that would be terribly bad news. For the full…
Douglas A. McIntyre Short sellers think financial stocks believe that financial stocks still have further to fall. Based on data as of February 15, short sellers kept a big bet on Citigroup (C). Share short…
According to Reuters, Obama is pushing for a new health-care plan which will take ten years to fully take effect. Reuters says Obama is pushing for quick Wall St. reform. Reuters reports…
The federal government has seen fit, perhaps appropriately, to cap the pay packages of bankers and will probably do the same with auto company executives. What has not been limited so far…
Douglas A. McIntyre According to Reuters, Obama set out his goals in an address before Congress. Reuters reports that UAW leaders are urging members to vote for the new Ford (F) contract. Reuters reports that…
