According to Reuters, Fed chief Bernanke said the resurgence in financial strains in recent weeks had dimmed the outlook for the U.S. economy. Reuters writes that Dell’s (DELL) profit rose but if…
The good news is that Goldman Sachs (GS) believes that the "U.S. Federal Open Market Committee to cut interest rates to 3% by mid-2008, down from its earlier forecast of 4%," according…
Douglas A. McIntyre Air France KLM SA (NYSE:AKH/ADR) shares traded up roughly 7% Thursday after beating earnings from price hikes and fuel hedging. After United Rentals (NYSE:URI) said it was suing Cerberus on the broken…
Oil is not at $200. It trades just below $100, and there are some reasons it could drop. The economies in the US and Europe are probably slowing, which should bring down…
According to Bloomberg "Goldman Sachs Group Inc.’s (GS) Global Alpha hedge fund may lose about $6 billion in assets this year, a 60 percent decline, because of trades that went awry and…
Douglas A. McIntyre According to Reuters, Goldman Sachs (GS) issued a report saying the housing sector had much further to fall and that some financial institutions would have to raise money to stay in business.…
The brokers at Merrill Lynch (MER) are tired of the lack of respect that they have had over the last several years. Stan O’Neal, the former CEO, treated them and their chief…
Douglas A. McIntyre Goldman Sachs (GS) has downgraded Citigroup (C) to "sell" "with the broker seeing up to $15 billion in write-downs from collateralized debt obligations over the next two quarters," according to MarketWatch.
Just think about it. Stocks with multi-billion market caps down 40% this year. Merrill (MER) and Bear Stearns (BSC) are down about that much. Lehman (LEH) is down 20% and Morgan Stanley…
According to Reuters, some auto industry experts think car sales could hit a 15-year low in 2008. Reuters reports that the OPEC summit ended with members disagreeing about what to do about…
Losses related to record U.S. home foreclosures using a “back-of-the-envelope” calculation may be as high as $400 billion for financial companies, Jan Hatzius, chief economist at Goldman (GS) in New York wrote…
The New York Post has reported that NYSE (NYSE:NYX) CEO John Thain will be made the new head of Merrill Lynch (NYSE:MER). The announcement is expeted after the close. This also follows…
Newspaper chain Gatehouse (GHS) has been down as much as 15% today on poor earnings and a downgrade from "buy" to "neutral" at Goldman Sachs (GS). And, this may just be the…
Goldman Sachs (GS) is trading up 6% on word from its CEO that the firm "does not expect to take any significant asset write-downs," according to Reuters. There have been rumors that…
The CEO of Virtual Iron, Ed Walsh, spoke exclusively to 24/7 Wall St. partners in two separate interviews. Virtual Iron is the virtualization company owned in part and backed by Goldman Sachs…