6:15am ET
Media
Media Digest (8/25/2011) Reuters, WSJ, NYTimes
Steve Jobs resigns as CEO of Apple (NASDAQ: AAPL) and will be chairman. Tim Cook to take over as CEO. (Reuters) Gold falls sharply and may be hurt by CME (NASDAQ: CME)…
CME Coverage Page 10
1:47pm ET
Banking, finance, and taxes
Mr. Dumas Idea of the Day: E.U. Financial Transaction Tax (NYX, NDAQ, CME, ICE)
If you can count on the Europeans to do one thing, it is to invent new taxation methods regardless of whether or not it makes sense. After Merkel and Sarkozy met today,…
11:14am ET
Commodities & Metals
Why Higher Gold Margins Do Not Matter to Gold Prices (CME, GLD, IAU, GDX, GDXJ)
Less than two months ago, CME Group Inc. (NYSE: CME) lowered margins on its 100-ounce Comex gold contracts in what the company said was part of its “normal review of market volatility…
12:52pm ET
Investing
Commodities Watch: Comex Lowers Gold Margins, Raises Some Ags (CME, GLD, IAU, MOO, DBA)
The CME Group Inc. (NYSE: CME) has announced changes to its margin requirements for a number of commodities. The changes, some increases and some decreases, cover a variety of oil-related contracts, gold,…
8:35am ET
Investing
Top Analyst Upgrades & Downgrades (AIG, BKH, BXP, CI, CME, FCEL, JRCC, LDK, MFB, WFR, MU, ORCL, SQI, SODA, SFG, UA, ZLC, ZIP)
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Friday morning. American International Group, Inc. (NYSE: AIG) Started as Buy at BofA/ML.…
7:56am ET
Banking, finance, and taxes
Public Exchange Envy… BATS Files For IPO (NYX, NDAQ, CME, CBOE, ICE, BATS, BAC, C, CS, DB, JPM, MS)
The U.S. is about to get another electronic exchange listed as a public stock. BATS Global Markets, Inc. wants to come public and has just filed for an initial public offering. The…
3:15pm ET
Commodities & Metals
Commodities Watch: Margin Increases, Possible Flooding Hit Crude; Growers, Traders Watching the Weather; Platinum Forecast at $1,925 in 2011 (CME, SWC, PPLT, PGM)
Today’s commodities news starts with a rise in margin requirements on crude oil contracts, and then looks at weather effects on both crude oil refining and US grain prices. We conclude with…
Jon C. Ogg 11:50am ET
Investing
SEC Operational Plans If Government Closes Down (NYX, NDAQ, CME, ICE, CBOE)
If you are like the rest of who are upset about some ‘minor market issues’ like Bernie Madoff, Raj, Octopussy, and the dozens of other extreme violations of securities laws, then you…
7:35am ET
Banking, finance, and taxes
From Shame to Antitrust: NYSE and NASDAQ-ICE Merger (NYX, NDAQ, ICE, CME)
First it was the shame that one of America’s greatest names was going to effectively be foreign-owned. The NYSE Euronext, Inc. (NYSE: NYX) is currently in a pending merger agreement with Deutsche…
4:09am ET
Media
Media Digest (3/10/2011) Reuters, WSJ, NYT, FT, Bloomberg
Moody’s cuts Spain’s rating and said current cuts were possible (Reuters) China posted a trade deficit of $7.3 billion. It was the worst in seven years and may have been caused by…
12:01pm ET
Banking, finance, and taxes
Mergers Meet Valuation Concerns in Exchanges (NYX, NDAQ, ICE, CBOE, CME)
The recently announced merger between the NYSE Euronext, Inc. (NYSE: NYX) and Deutsche Boerse has created a conundrum in the sector of exchanges. Now there is a need to consolidate, but the…
11:35am ET
Banking, finance, and taxes
More Exchange Mergers; Regulators Should Say No! (NYX, NDAQ, CME, CBOE, ICE)
Exchanges are already too powerful. Now comes word that NYSE Euronext (NYSE: NYX) is in advanced talks with Germany’s Deutsche Boerse. Shares were halted per the NYSE request. The good news for…
8:18am ET
Investing
Top Analyst Upgrades and Downgrades (ARG, AGNC, BRCM, CIM, CME, FSLR, HBAN, ICE, MNKD, MCD, MFA, MGI, NFLX, NTAP, ORCL, SNCR, VRTX)
These are some of this Monday’s key analyst upgrades, downgrades, and initiations seen in Wall Street research calls. Airgas Inc. (NYSE: ARG) Raised to Overweight at Piper Jaffray. American Capital Agency Corp.…
8:19am ET
Investing
Top Analyst Upgrades and Downgrades (AXP, CME, GLW, DF, DNDN, DB, EXPE, KR, NEE, SOL, SAFM, TSN, VIP)
These are some of this Wednesday’s key analyst upgrades, downgrades, and initiations seen in Wall Street research calls. American Express Co. (NYSE: AXP) Started as Overweight at JPMorgan. CME Group Inc.(NYSE: CME)…
8:01am ET
Investing
Top Analyst Upgrades and Downgrades (CP, CME, GOOG, GDOT, ICE, NDAQ, N, NVTL, NYX, CRM, SNN, SMSI, SYMC, WFMI)
These are some of this Friday’s key analyst upgrades, downgrades, and initiations seen in Wall Street research calls. Canadian Pacific Railway (NYSE: CP) Cut to Market Perform at Raymond James. CME Group…