Reuters: Obama says healthcare reform is essential to the recovery. Reuters: CIT (CIT) bond advisers will push for Chapter 11. Reuters: Democrats will fight with banks on consumer agency. Reuters: Amazon (AMZN)…
Wells Fargo & Company (NYSE: WFC) just posted a record quarter for earnings. The headline numbers are considerably better than estimates. This might make Warren Buffett and Berkshire Hathaway Inc. (NYSE: BRK-A)…
Reuters: A tech alliance between China and Taiwas is hurting Korea. Reuters: Spple (AAPL) easily beat forecasts. Reuters: CIT (CIT) still faces a number of financial challenges. Reuters: Yahoo!’s (YHOO) outlook was…
Short sellers upped their investments in stocks of the most prominent financial firms. Short interest in Bank of America (BAC), AIG (AIG), Wells Fargo (WFC), and Freddie Mac (FRE) all rose for…
Reuters: Japanes Topix index is expect to rise to 1,000. Reuters: The US may need a second stimulus package. Reuters: Hospitals have agreed to contribute $155 billion over ten years to help…
Reuters: Small banks are worried that new regulations will hurt their earnings. Reuters: A judge approved the sale of GM assets. Reuters: Rio Tinto (RTP) sold its food packaging assets for $1.2…
Short sellers jumped out of major financial shares but piled into the stocks for major industrial firms based on data as of June 15. Shorts clearly think the restructuring of the bank…
Warren Buffett of Berkshire Hathaway, Inc. (NYSE: BRK.A) (NYSE: BRK.B) just gave an interview to CNBC’s Becky Quick ahead of the “Power Lunch” segment. As far as green shoots in the economy,…
Deutsche Bank says that the commercial real estate market in America will not recover until 2017. Richard Parkus, Deutsche Bank head of Commercial Mortgage-backed Securities and Asset-Backed Securities Synthetics Research, told Reuters…
Reuters: Airlines are cutting back on first class seating. Reuters: Xstrata wants merger talks with mining rival Anglo American. Reuters: Employers are cutting 401 (K) plans. Reuters: Brand loyalty is being hurt by…
Bank of America’s (BAC) addiction to giving its senior employees huge bonuses has not ended. These used to be based on “performance.” A banker who created toxic asset products that could be…
Standard & Poor’s may still have at least some relevance in its debt ratings. This morning we saw a wave of downgrades at banks by the debt ratings agency on systematic-risk and…
Reuters: The US outlined new financial market reforms. Reuters: Obama lobbied MDs on his new healthcare package. Reuters: Russia hosted the first BRIC summit. Reuters: B of A’s (BAC) BlackRock (BLK) stake…
Palm (PALM) may not have had much of a choice in terms of which cellular company was going to market its new Pre. AT&T (T) and Verizon Wireless (VZ)(VOD) were probably not…
The short interest in most large banks fell very sharply for the period ending May 29, an indication that traders believe that TARP repayments and ongoing strong earnings mean the fate of American…
