The S&P 500 took another pop up late afternoon Tuesday to the highs for the day—and just shy of highs for the year. Traders are citing Intrade, which allows investors (gamblers) to bet on the direction of anything, now giving 84.9 percent odds that Massachusetts Republican State Senator Scott Brown will defeat Democrat Martha Coakley.
Times Square was hit by a flash mob of "homeless" Uncle Sams today, who were there giving the Naked Cowboy a run for his money, asking passerbys if they could spare some change —$12 trillion, to be exact.
US airlines are trading up 1 to 2 percent today. Airline earnings season begins this week with AMR (AMR, Jan 20), Continental (CAL, Jan 21), and Southwest (LUV, Jan 21) all reporting this week. Traders still getting over the shock of Japan Air Lines (JAL) bankruptcy; JAL has been bailed out 4 times in past 10 yrs by the Japanese government...
The Obama administration may be tempted to wage a two-front war on climate change and joblessness by pushing for green jobs in the renewable energy sector, but such a strategy will mean committing to a long campaign.
It's early, but sell the news is the mantra so far for earnings. Stock are futures down, bonds and the dollar are up this morning. The S&P 500 recorded its largest down day in almost a month last Thursday, despite a good report from Intel. In-line (Citi) or even slightly better than expected earnings (Intel) may not be good enough...
One day shy of his first year as President, Barack Obama faces the biggest threat to his incumbency and possibly to his power.
The Democratic party must feel the same sense of chaos as Tuesday dawns and the "safest" spot in the Senate, the late Ted Kennedy's seat, goes to the voters with the outcome very much in doubt.
This weekend, Democrats are struggling to hang on to a seat held by Mr. Kennedy for 46 years in one of the most enthusiastically Democratic states in the country. Conservatives are enjoying a grass-roots resurgence, and Republicans are talking about taking back the House in November.
Senate banking negotiators are discussing plans that could significantly weaken - or even jettison - President Barack Obama's proposed independent consumer finance agency.
President Obama’s misbegotten bank tax is precisely the wrong policy at precisely the wrong time. It will wind up backfiring across the board.
In extended trade, investors were gaming food stocks after billionaire investor Bill Ackman followed Warren Buffet into Kraft with a 2 percent stake.
What’s all the screaming about? Wall Street’s total compensation simply isn’t out of control. And the pay critics, in their pious, get-tough crackdown, are only ensuring a new round of outrage when some of these banks recover.
Stocks are losing steam this afternoon, with the Dow posting a triple-digit decline for its worst showing so far in the New Year. Dragging down the markets today are the financials, which is the lagging sector on the S&P 500. Weighing on that sector today: still little evidence of improvement in bank credit losses following JPMorgan’s report this morning.
The Obama administration's mortgage relief plan provided help to only 7 percent of borrowers who signed up last year, another black mark for the struggling program.
There was news enough recently for the bulls and/or the bears and you can take your pick.
Stock futures indicated a slightly lower open this morning after the S&P and Dow closed at new 52-week highs yesterday. Futures dipped a little following JPMorgan’s earnings report, and remained lower as the dollar rises to the highs of the week in early trading. On the dollar strength, trading lower this morning are commodity stocks.
Whereas the global regulatory and political powers-that-be made a good job of feigning coordination in their collective panic-button-pushing stimulus at the height of the financial crisis, it seems that it’s everyone for themselves in the scramble to punish the perceived perpetrators.
Investors are whispering that Washington is gunning for Wall Street after the White House proposed a new bank tax.
My worry is that President Obama’s overly ambitious political agenda will take a toll on business, hurting investment and growth by spending massive new sums of taxpayer money and imposing a daunting thicket of new and higher taxes..
S&P 500 is sitting near 15 month highs, but why doesn't it feel that way? We have continued the slow drift higher that began (again) in November, but outside of that little has changed: still no pickup in volume or volatility. Here's what active traders said about it...