We had been informed that Moody’s was going to finally release its massive downgrade of the banking system today. The Moody’s warning came back in February that the downgrade was coming, so this…
24/7 Wall St. has been expecting this highly anticipated Moody’s downgrade of the large banks and investment banks for weeks. It appears that the wait is over as the downgrade is set…
Flickr, Images of MoneyAs part of the $26 billion mortgage foreclosure settlement reached between the federal and state governments with a number of mortgage lenders, borrowers who believe that their homes were…
The three major US stock indexes opened slightly lower this morning as markets waited patiently for an afternoon announcement from the FOMC. When the word finally came that Operation Twist would continue…
J.P. Morgan Chase & Co. (NYSE: JPM) was already at highs not seen in a month yesterday and now it appears as though this one is heading even higher on Wednesday. The…
Jon C. Ogg Shares of Bank of American Corp. (NYSE: BAC) are up about 5% today on two bits of news. First there’s the story that the bank is negotiating a sale of its wealth…
J.P. Morgan Chase & Co. (NYSE: JPM) is leading the markets higher this morning ahead of the Jamie Dimon testimony. The problem is that Bank of America Corporation (NYSE: BAC) is trumping…
The three major US stock indexes opened lower this morning following European markets where equities also traded lower this morning. US data related to retail sales (our coverage here) and producer prices…
Two things happened today in the Jamie Dimon hearing in front of Congress over the $2 billion loss (or is it $4 billion yet) for J.P. Morgan Chase & Co. (NYSE: JPM). …
Members of the Chesapeake Energy (NYSE: CHK) board are close to picking a new chairman. (Reuters) Apple’s (NASDAQ: AAPL) lack of success blocking rivals in court and the slow introduction of the iPhone…
Tiger Woods could win the U.S. Open this weekend and complete the comeback that may move him back into the spot as the world’s number one golfer, a position he held for years. Some…
If Jamie Dimon, CEO of J.P. Morgan Chase & Co. (NYSE: JPM), is really going to be grilled hard in Congressional hearings on Wednesday, then why is it that shares of J.P.…
Apple (NASDAQ: AAPL) will challenge Google (NASDAQ: GOOG) with its own map service. (Reuters) A Manpower Group survey shows that companies in most parts of the world do not want to add…
As new regulations have eaten into their profits, banks have looked for new ways to increase revenue from their customers. Many banks tried, unsuccessfully, to implement debit card fees. More successful for…
China’s growth slows in May. (Reuters) Troubles in Europe and the slowing of emerging economies threaten U.S. company earnings. (Reuters) China’s exports rose rapidly in May, which may help its domestic economy.…
