Fitch has already warned today that if the United States dos not get a credible fiscal plan after the elections that it would likely downgrade the United States’ sovereign credit rating. Now…
US Senator Chris Coons (D-Delaware) is scheduled to introduce legislation today that would allow a wide range of renewable energy projects to qualify as master limited partnerships (MLPs). The partnerships are common…
SNL Financial has released its list of largest banks by assets and deposits. The list is as you might expect with the large money center banks being ranked, but where some of the…
Moody’s has telegraphed a banking sector review for quite some time, and it has actually been ongoing and the ‘bad news’ should be out very soon. We skipped many of the smaller…
The country’s largest financial institutions are having another good day today, despite the announcement by the European Central Bank (ECB) early this morning that it would not be lowering interest rates. Shares…
In a rare bit of good news, the ISM non-manufacturing index came in higher than expected this morning, at 53.7%, up 0.2% from April and the same amount above the consensus estimate.…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Monday. Amazon.com, Inc. (NASDAQ: AMZN) removed from Conviction Buy List at Evercore. Bank…
The European Union may form a central office of treasury to match the European Central Bank. (Reuters) Ford (NYSE: F) may create brands specific to the Chinese market. (Reuters) The slowing economy…
For the two weeks that ended on May 15, short sellers hit old and new Internet site companies alike. Among firms that had IPOs recently, the short interest in Zynga (NASDAQ: ZNGA) rose…
Wells Fargo & Company (NYSE: WFC) has replaced J.P. Morgan Chase & Co. (NYSE: JPM) as the safest bank in America. This did not happen overnight and it is not just because…
These are some of the top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Monday. Avon Products Inc. (NYSE: AVP) Cut to Sell at UBS. Bank of America…
The European Central Bank no longer offers help to Greek banks it believes are insolvent. (Reuters) Some brokerage firms stop taking orders for Facebook shares. (Reuters) Japan’s gross domestic product rises 3.5%…
The DJIA is off over 100 points, 136 points, to 12,686. The NASDAQ and S&P 500 are off by similar percentages. The carnage is particularly severe in a few sectors. News that…
J.P. Morgan Chase & Co. (NYSE: JPM) has done some severe damage to its image as the best risk manager of the large banks, and this damage may easily carry over into…
Jon OggThe short interest data is out using the April 30 settlement date. We have seen some drastic changes from the April 13 settlement date in many issues, followed by some surprises…
