It is usually a wonder when you see bank and brokerage firms analyst upgrades or downgrades on competitors in the bank and brokerage sector… Are they really downgrading themselves? That is the…
The DJIA has risen for eight straight days and the verdict is still out as to how today’s close will go. With major indexes trading over 50% above their March lows and…
The volatility late last year and in March should have pushed all of the speculators out of the US stock markets. Very few investors made money and a number of individuals and…
Reuters: Price cuts on video consoles by Microsoft (MSFT) and Sony (SNE) have causeD the competition in the field to heat up. Reuters: AIG’s (AIG) new CEO says he is working hard…
Paulson & Co. Inc. has become a very influential firm that can now move a market after John Paulson made billions from properly betting against the fate of the US financial and…
Reuters: Derivatives traders dipped into $4 trillion in client collateral. Reuters: Home sales and durable orders improved. Reuters: The US softened its stance on private equity deals to buy banks. Reuters: The…
Reuters: Senator Edward Kennedy died at age 77. Reuters: The US Postal System is seeking 30,000 job cuts. Reuters: US housing and confidence data moved up. Reuters: White House and CBO debt…
Short sellers moved out of tech stocks in large volumes at mid-month. Based on short interest figures as of August 14, shares short in Intel (INTC) fell 33% to 88.3 million. The…
By Douglas A. McIntyre The federal judge who was supposed to approve a $33 million settlement between Bank of America (BAC) and the SEC over omissions in the bank’s proxy statement for…
Douglas A. McIntyre The settlement over Merrill Lynch bonus payments that has been negotiated between the SEC and Bank of America (BAC) is a sham. The compensation that was paid was legal, after all. Why…
Douglas A. McIntyre Reuters: Bernanke will be reappointed as Fed chief. Reuters: New deficit projects could hurt Obama’s plans. Reuters: The SEC and Bank of America (BAC) asked a judge again to approve a deal…
Notorious bank analyst Meredith Whitney of Meredith Whitney Advisory Group is out with some new harsh predictions calling for the demise of more banks. It is actually not all really bad news,…
The precious time of senior government officials must not be so precious. Federal agencies seem to be spending more and more time looking back on the financial crisis to see if it…
The Fed made hundreds of billions of dollars in short term loans to banks. It was necessary, in the opinion of the agency, to do that to preserve the financial system as…
Fidelity Management & Research Company, or FMR, was among the giants which released its quarterly holdings over the most recent days. While it is always interesting to see which holdings are the…