Meredith Whitney is making headlines: She has not been this bearish in a year! Whitney was the first to call the bubble in financial stocks. And then she predicted the stock market rally. But now Whitney is starting to turn negative again. Read More
With today’s rally, the S&P 500 is once again back above the 1,100 level. The index has hovered above that threshold intraday on five different trading sessions during the past month. However it has fought some resistance there, failing to close above that level on each of those days. In fact, the S&P has not closed above 1,100 since October 2, 2008. Read More
Alice Schroeder's authorized biography of Warren Buffett is now available in a trade paperback edition. In an "updated and condensed" version of The Snowball: Warren Buffett and the Business of Life, Schroeder adds a new 31-page chapter covering events after the hardcover's publication last year. She candidly describes how Buffett made a "series of characteristic brilliant moves interspersed with some surprising errors" as the financial crisis unfolded. With thanks to Bantam and Random House, here is an excerpt from Schroeder's new material. Read More
The National Retail Federation released a new report today that finds that consumers are still cautious, and now retailers and advertisers are trying to figure out how to make the most of a tough holiday season. Read More
Now that September retail numbers are behind us, Brian Tunick at J.P. Morgan is looking at October, and beyond. For one thing, he says 45 percent of teenagers say the whole vampire thing is "getting a little played out". Well, sort of. More on that in a moment. Read More
Following are the day’s biggest winners and losers. Find out why shares of Procter & Gamble and United Airlines popped while Navistar and Monsanto dropped. Read More