The latest inflation number for the UK economy is punchy. The analysts were looking for CPI at a little over 2.5 percent - the annualized figure as delivered is 3 percent. April came in at 0.8 percent. Food and energy prices are making it hard for the Bank of England to cut interest rates. This should be supportive for the British pound. But the market smells blood. Read More
With its recent run-up, is it time to jump further into the financials sector? Here is a stock screen of some stocks you may want to look at. Read More
When Warren Buffet treated his 31,000 plus audience to his annual Berkshire Hathaway gathering in Nebraska recently he was asked about the banks. When would he be happy to buy back into U.S. investment banks? Read More
Nobody should be surprised by the talk about a cash-raising exercise at RBS. The real question is why it is taking so long for the banks to acknowledge the continued deterioration in the quality of the assets they own. Read More
This wasn't fun to write. In Friday's earnings report, writedowns, job cuts and turnaround plans will likely speak louder than any successes Citigroup had doing, you know, banking. That doesn't mean you can't make money trading Citi. Read More