With the $3B merger between United and Continental announced, one has to wonder what is in store for US Airways.
Is the U.S. decoupling again? U.S. stock opened higher, though Greece and Spain are both down about 1 percent on concerns that contagion has not been contained and there will be more bailouts.
The new reputational/political risk associated with the market in key stocks (BP, Goldman, Massey) is the biggest story of the week. A good example of the uncertainty in the trading community is a note sent out by Buckingham Research this afternoon regarding Goldman. It is titled: Litigation/Political Risk Too Difficult to Handicap...
As the titan of Wall Street continues to be bombarded by SEC civil fraud charges and now a criminal inquiry, can its franchise remain intact?
Dow drops at least 114 points midday, financials lead declines. What's ailing financials? What isn't..?
As the fallout continues from last week's devastating oil spill in the Gulf of Mexico, fresh uncertainty is emerging over the future of offshore drilling in the United States.
Spills, investigations, and reputational risk: Several companies in 3 different areas (energy, financials and coal) are experiencing problems Friday.
Real GDP increased about $162 billion since the second quarter of 2009, when the economy bottomed out. Wall Street for 2009 paid out bonuses of nearly $150 billion on profits twice that amount. The rest of the economy, on balance, went backwards.
Just how dumb can you be? The guys that took the other side of the Fabulous Fab-concocted CDO-Squared whatever it was weren't stupid because they bet wrong on the housing market.
President Obama has appointed three new doves to the Federal Reserve Board, thereby taking command of the nation’s central bank.
Europe about flat this morning, strong belief that a package for Europe will be announced Sunday or Monday
Federal prosecutors have opened an investigation into trading at Goldman Sachs, raising the possibility of criminal charges against the Wall Street giant, The New York Times reports.
A terrific day, with 3 stocks advancing for every 1 declining, volume moderate, as we again approach the highs for the year. It's been a fairly broad advance, with particularly strength in financials and cyclicals like consumer discretionary and industrials.
On the heels of the Napolitano press conference, in which the Homeland Secretary said the Deepwater Horizon spill in the Gulf of Mexico was of "national significance," energy stocks have come off their highs, and several are in negative territory.
Heard the one about the two economists and a lawyer? But, maybe the more apt question is, heard the one about three doves, or about two doves and a sometimes hawk?
After three entire days, the Republicans finally relented Wednesday after reducing bailout language in the current Dodd bill, but the debate and amendment process is just beginning.
Every now and then an idea takes hold that is, conceptually, so elegant and alluring as to be nearly irresistible. Resolution authority – like the call of the Sirens – has enchanted every US official who was in a decision-making capacity during the financial crisis.
Right now investors face a V-shaped-recovery theme at home and the serious debt troubles plaguing Greece, Spain, Portugal, and perhaps other countries in Europe.
Europe is up, as are U.S. stocks, on hope that the EU will complete talks with Greece on a financial aid package that could be announced this weekend.
As Congress prepares to debate financial reform legislation, lawmakers are keeping their distance from Goldman Sachs and its well-connected lobbyists, the New York Times reports.