The story of the week is the dollar's stabilization and the consequent stall in the stock market. European Central Bank President Jean-Claude Trichet said the ECB will gradually withdraw emergency cash. Read More
Following are the day’s biggest winners and losers. Find out why shares of A123 Systems and American Greetings popped while Moody's and Electronic Arts dropped. Read More
Several commodity ETFs and ETNs have announced that they are not issuing new shares, which means the only shares that will exist are the ones that exist now. Read More
For everyone who thinks the government is wasting money helping banks out, UBS pointed out this morning that the recent conversion of Citigroup's preferred shares into common has netted the Treasury a $10 billion (unrealized) profit. Read More
For everyone who thinks the government is wasting money helping banks out, UBS pointed out this morning that the recent conversion of Citigroup's preferred shares into common has netted the Treasury a $10 billion (unrealized) profit. Read More
U.S. stock futures up, Europe at the highs for the session, the dollar weaker, 10-year bond prices are at a 5 week high. August options expiration today. Read More
Following are the day’s biggest winners and losers. Find out why shares of McDonald’s and Arch Coal popped while Wells Fargo and Palm dropped. Read More
Stocks start Wednesday in what could be a low volume walk up to the three-day Memorial Day weekend. With the absence of much other news, traders this week have been looking over their shoulders at the credit markets, where a rush of new debt issuance is flashing positive signs for the economy. Read More