Obama has tried to get the business community to support his concern that the lack of approval of an increase in the debt cap would be a catastrophe (Reuters) A former head…
Bank of America Corporation (NYSE: BAC) has found itself as the king of the mortgage mess after it decided to acquire Countrywide. By acquiring the company’s corpse rather than trying to just…
One school of thought about negative publicity is that its impact dissipates over time. It is hard to disprove that theory, especially in the case of large companies. And sometimes it takes…
The acting head of the IMF said that the US does not need stimulus because exports and disposable income will lift GDP. (Reuters) Facebook’s facial recognition technology is increasing worries about privacy.…
Goldman Sachs (NYSE: GS) may release papers to investigators that show its trading behavior at the start of the credit crisis used flawed math and that the bank did not violate regulations.…
Did you heed the call “Sell in May and Go Away!” this year? It turns out that as of mid-day we now have nearly half of the 30 Dow Jones Industrial Average…
Updated throughout the day. JP Morgan (NYSE: JPM), UBS, and Deutsche Bank have been added to the list of financial firms targeted by the NY State Attorney General over mortgage backed securities…
Jon OggIt is a big day for analyst research calls. These are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Friday morning. The AES…
Jon OggMany Dow Jones Industrial Average stocks have just recently sold off more than 10% and many are almost at that key 10% sell-off mark. Historically investors have used 10% as the…
Jon OggWe have already seen (some) of the position changes of Warren Buffett, but the old guy wouldn’t share many ‘confidential positions’ so we are whale watching in other ponds. We wanted to…
The Dow Jones industrial average, the best-known barometer of the U.S. stock market, has been on a tear recently, gaining more than 16% over the past year. Investors have not yet recovered…
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…
Citigroup (NYSE: C) reverse split its stock and each stockholder with 10 shares got one. That took the price of Citi to $44. No one was fooled by the action. The big…
Citigroup, Inc. (NYSE: C) is about to get a huge stock makeover. This is its last week as a stock in the single-dollar digits. At least that is what the world hopes. …
The recent weakness in stocks could just be the start of what to expect in the weeks ahead. It is early May and already we have seen the Dow Jones Industrial Average…
