While the Burlington Northern deal is getting a lot of attention, it has not brought pre-open trading in the S&P futures into positive territory yet. Risk aversion has become a more prominent theme since last Wednesday, when the S&P 500 dropped below its 50-day moving average for the first time since July. Read More
President Barack Obama has described how his Administration intends to overhaul U.S. financial regulations. The hallmarks of these reforms, he said, would be transparency and accountability. A more difficult challenge will be to persuade the Federal Reserve System to release similar information on the $2 trillion of emergency loans it made as part of its economic recovery program. Read More
This week's agreement by Swiss bank UBS to name US account holders is being seen as a watershed, leaving many wealthy Americans scrambling to figure out what to do. Read More
Stock futures have been weak overnight, though they popped off their lows when June Personal Spending came in slightly higher than expected, though still at a very low level. Read More