The consensus among economists is that the Federal Reserve has run out of options to save the troubled American economy and collapsed stock markets. That may not be true, depending on how…
The Federal Reserve is under pressure to offer solutions to falling markets and a slow economy. (Reuters) The Swiss franc hits a record against the euro. (Reuters) Bank of America (NYSE: BAC)…
4.00 PM VIX panic index up 40% to highest level since credit crisis. DJIA closes at lows off 628 which is 5.3%.NYSE trades 2.3 billion shares NASDAQ off 6.9%. S&P down nearly…
Bank of America Corporation (NYSE: BAC) has rapidly turned into a runaway train. The latest suit from American International Group, Inc. (NYSE: AIG) for $10 billion for its massive mortgage fraud is…
The next challenge for Congress will be a tax deadlock. (Reuters) The Nikkei falls another 2% on news of a U.S. downgrade. (Reuters) Yields on Italian and Spanish bonds fall as the…
Some of the best known publicly traded companies in the world have stocks that will never reach their all-time highs again. Many of them are not troubled firms. In a number of…
Bank of America Corporation (NYSE: BAC) met earnings estimates this morning with its loss of -$0.90 EPS due to its multi-billion settlement announced at the end of June. The total loss is…
Screening for value in banks right now is probably a fools’ game. In fact, J.P Morgan Chase & Co. (NYSE: JPM) trades at close to 0.9-times book value and Citigroup Inc. (NYSE:…
Bank of America Corporation (NYSE: BAC) is back to being the worst of the worst of the Dow Jones Industrial Average components. Shares broke under $10.00 on Friday for the first time…
Twitter has, by most estimates, 225 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than…
Citigroup, Inc. (NYSE: C) has just started the earnings season for the banks “for the rest of America” today. Vikram Pandit just turned in earnings at $1.09 EPS (up from $0.90 a…
When J.P. Morgan Chase & Co. (NYSE: JPM) beat earnings and gave a solid report on capital ratios, loan loss reserves, credit metrics, and even on its top-line revenues. This seems to…
Updated throughout the day S&P has had private meetings with Congressional leaders to talk about the seriousness of a downgrade of US debt (Politico) China has privately warned the US about the…
Douglas A. McIntyre The EU has reached no decision on Greece. The IMF favors private sector involvement (Reuters) Japan warned about the economic results of the rapid rise in the yen (Reuters) The dollar fell…
Short sellers often invest in stocks that have had sharp short-term gains and may have reached peak valuations. That would put Netflix (NASDAQ: NFLX) on most of those lists, along with Sirius…
