Everyone is making money off of the break-up and financing of AIG (AIG) except the insurance company itself and the taxpayers who put up $180 billion to save it. One of the…
Reuters: A bubble may be forming in the corporate bond market. Reuters: Wall St. firms have made $1 billion on the break up of AIG (AIG). Morgan Stanley(MS), Goldman Sachs (GS), JP…
Andrew Cuomo, who is running for governor of New York State without having announced it, is denouncing Wall St. because of its big pay packages while in his current role as state…
Reuters: Microsoft’s (MSFT) results and forecast were weak. Reuters: CIT (CIT) may sell its aviation finance business. Reuters: Fatigue at the Fed is leading to questions about its expanded role. Reuters: Twitter…
This morning’s earnings call from J.P. Morgan Chase & Co. (NYSE: JPM) echoes some of our concern of what is coming in the next wave of real estate problems which could cause…
These are some of the top stocks to watch this morning for active trading today based on pre-market and after-hours volume activity. There are links through to each with more detailed coverage…
JP Morgan (JPM) reported second-quarter 2009 net income of $2.7 billion, an increase of 36% compared with net income of $2.0 billion in the second quarter of 2008. EPS was $.28 compared…
Douglas A. McIntyre Investor Mark Mobius gets placed in the pantheon of money men including Soros and Buffett. He may not be as rich, but he has been in the market for decades and has…
Reuters: The US may give CIT (CIT) short term loans. Reuters: Intel (INTC) issued a positive forecast and indicated that the PC market may be improving. Reuters: The US CPI was up…
Reuters: Riots in China show the nation is in flux. Reuters: The US is considering mortgage aid for the unemployed. Reuters: The June budget gap was $94 billion. Reuters: Rattner stepped down…
This is the real week for earnings season where the floodgates open. That is particularly the case for some of the top banks, investment banks, and brokers. Goldman Sachs Group, Inc. (NYSE:…
The Congressional Oversight Panel which keeps track of the effectiveness of the TARP program claims that the government has gotten much too little for the warrants it received as part of the loans that…
Douglas A. McIntyre Reuters: Pandit bought time at Citigroup (C) with a management reshuffle. Reuters: Obama’s healthcare and climate plans are running into resistance. Reuters: AIG (AIG) will pay more executive bonuses in July. Reuters: …
Reuters: The promise of mobile TV is being destroyed by smartphone use of software applications. Reuters: More attacks on websites in the West are expected and North Korea is suspected. Reuters: China…
The Treasury said that it plans to dispose of the warrants that it got from banks as part of bail out financing given to, and, in some cases, forced upon major US…
