The balance between a potential downgrade of US debt and strong bank results left the market without conviction. That leaves open the issue of whether the American debt cap and the flood…
J.P. Morgan Chase & Co. (NYSE: JPM) is the first of the banks to report earnings and the results are ahead of estimates. America’s top bank reported $1.27 EPS on $27.4 billion…
Jon C. Ogg China’s GDP grew at a 9.5% rate last quarter and the country increased inflation forecasts (Reuters) Moody’s cut Ireland’s rating to junk (Reuters) EU leaders may let Greece default (Reuters) Netflix (NASDAQ:…
Each year, Capgemini publishes the U.S. Metro Wealth Index, which ranks the number of high-net-worth individuals living within the ten largest metropolitan statistical areas. According to the report, high-net-worth Individuals “are defined…
The coming week will be the unofficial start of earnings season, with the major flow of corporate earnings reports seeing the floodgates opening the following week. We have already identified the 15…
JP Morgan (NYSE: JPM) may become the largest lender in the U.S. soon (Reuters) Jobs numbers may show that the economy has finally turned the corner (Reuters) Fitch downgraded Minnesota from AAA…
This is the Twitter-24/7 Wall St. market report for July 7, 2011.These tweets are a sign of which companies the Twitter universe is interested in. Is there there is wisdom in crowds?
24/7 Wall St. is probably not alone in noticing that there were very few earnings warnings issued by the major companies that dictate market trends going into the end of June. That…
Treasury officials examine ways to prevent default if an August 2 deadline to increase the debt cap is not met by Congress (Reuters) LaGarde will give a Chinese official a top job…
Banks object to plans that would allow regulators to clawback pay if a bank becomes troubled and has to be liquidated (Reuters) Geithner has not told The White House he wants to…
Banks were already having a good day, but a new ruling has come out from the Federal Reserve on interchange fees. Maybe the proper description would be “less bad” of news. Banks…
Do voluntary markets for renewable energy work? Government-mandated energy portfolios sort of work although the energy costs more and utilities — and consumers — often wail at having to buy the more…
Microsoft (NASDAQ: MSFT) will launch a cloud version of Office to compete with Google (NASDAQ: GOOG). (Reuters) Oil fell on Greek debt concerns. (Reuters) Sony (NYSE: SNE) said its protected content made…
Yesterday’s announcement by the International Energy Agency that member nations, including the US, would release 60 million barrels of crude sliced 5% off the price of a barrel of WTI crude. Oil…
The IEA and OPEC disagreed about the size of oil reserves. (Reuters) Greece has an agreement with the EU and IMF along with new austerity plans. (Reuters) A Reuters poll says most…
