According to Reuters, American Express (AXP) earnings dropped 72% but still beat expectations. Reuters writes that Geithner was confirmed to be Treasury Secretary. Reuters reports that people lost confidence in business globally…
According to Reuters, a House committee advanced the economic stimulus bill. Reuters reports that China’s GDP growth slowed. Reuters reports that exports from Japan dropped sharply. Reuters writes that Sony (SNE) warned…
The raging debate about the largest American banks is whether their stock market values should be zero. Economist Nouriel Roubini, the most highly paid pessimist in the world, recently said that US…
According to Reuters, Chrysler and Fiat in are in talks about a possible partnership. Reuters reports that Carlos Slim will invest $250 million in The New York Times. Reuters writes that China…
According to Reuters, Detroit’s efforts to build "green" cars may come too late. Reuters reports that Obama is seeking the $350 billion still left in the TARP. Reuters writes that prosecutors will…
Usually when there are rumors that management is being changed at a company, its shares go up. There are stories flying around Wall St. that the Citgroup (C) chairman Win Bischoff will…
Three days ago, Sprint (S) traded at $1.79. Today, it hit $2.32 in early trading, up 30%. AT&T (T) and Verizon (VZ) are down during the same period, to some extent because…
Financial stocks may have enjoyed sizable bounces from their lows in November and December, but not all analysts are following them up. The insurrance sector and some of the re-insurance names have…
The management at AIG (AIG) is extremely clever. Every time it runs into trouble paying back the $144 billion credit facilities provided by the federal government, it asks for a change in…
Douglas A. McIntyre According to Reuters, housing and consumer confidence both suffered record drops. Reuters reports that GMAC eased lending rules after the government provided it with $6 billion. Reuters reports that the Madoff probe…
A Bloomberg review of the S&P 500 stocks shows that the fourth quarter of 2008 will probably be the sixth quarter of declining earnings. According to the news service, "Fourth-quarter profit at…
According to Reuters, as investors moved to cash, oil has come down, but that is not likely to last. Reuters writes that data from MasterCard (MA) shows holiday spending may have dropped…
If investors had a notion that short sellers were going to stay in big financials, they were wrong. Short interest in the weakest companies in the sector dropped. Shares short in Citigroup…
According to Reuters, Japan’s recession deepened as its exports fell sharply. Reuters reports that Ireland will spend $7.7 billion to bailout its largest banks. Reuters reports that Toyota (TM) will report its…
A lot of fairly well-known public companies either disappeared or went bankrupt this year. Circuit City is on the list. Based on the most recent news GM may get added soon. 24/7…
