The story of American business has been about shipping the country’s manufacturing jobs overseas. However, there is another part of the story. Every year, American companies hire thousands of highly skilled foreign…
Bloomberg reported this morning that, for the first time, the value of transactions in exchange-traded funds (ETFs) that track the Standard & Poor’s 500 Index is set to surpass the turnover for…
American International Group, Inc. (NYSE: AIG) is just one more step closer to being a self-governing company without the oversight of taxpayers and the government. Still, AIG owes all of us taxpayers…
A Goldman Sachs report predicts a strong possibility the Federal Reserve will ease monetary policy by September. The most probable reason is that the economy will show evidence of a rapid slowdown…
Douglas A. McIntyre A Goldman Sachs (NYSE: GS) report predicts a strong possibility the Federal Reserve will ease monetary policy by September. The most probable reason is that the economy will show evidence of a…
The three major US stock indexes opened higher this morning in advance of Fed Chairman Ben Bernanke’s semi-annual report to Congress and following some data on inflation (more coverage here), industrial production,…
If you were just looking at Goldman Sachs Group Inc. (NYSE: GS) you might think that all was well on Wall St. after the bulge-bracket firm beat its earnings estimates. When you…
Yahoo! (NASDAQ: YHOO) appoints Google’s (NASDAQ: GOOG) Marissa Mayer as CEO. (Reuters) A Senate report says that HSBC (NYSE: HBC) handled Iran and drug cartel funds. (Reuters) Many investors do not like Google’s move…
The three major US stock indexes opened lower this morning following some lackluster data on the US economy. The Empire State manufacturing data improved, but retail sales posted an unexpected decline (our…
This Friday is going to mark a key earnings day when we get earnings from J.P. Morgan Chase & Co. (NYSE: JPM) and Wells Fargo & Co. (NYSE: WFC). These two earnings…
The world’s largest companies have never had a reputation for showering investors with information about their financial situations and operations. The rules that might make them do so are too lax. Government authorities…
Some wireless companies oppose the use of their networks as a means to make political contributions. (Reuters) Chinese inflation falls as the nation’s economy cools. (Reuters) The push to put together a European…
courtesy Facebook Inc.This week marks the end of the Facebook, Inc. (NASDAQ: FB) analyst quiet period for those many brokerage firms which have analysts who will finally be free to initiate coverage…
In a rare move, Goldman Sachs Group (NYSE: GS) has made some changes to its Conviction Buy List on competing banks. The reason this is so rare is because when analysts of…
The heads of Germany, France, Spain and Italy meet to seek a solution to the financial crisis in the eurozone. (Reuters) A “bug” interrupts Twitter service twice. (Reuters) Moody’s downgrades 15 banks,…
