Most analysts on the Street have rarely met an S&P 500 stock they didn't like, or at least weren't willing to hang out with for a while.» Read More
Today is the one year anniversary of the passage of the giant health care reform bill. The future of the Patient Protection and Affordable Care Act is still uncertain. More than half of the nation's states are suing the federal government over this law.
Some federal courts have ruled that portions of the law are unconstitutional. Others have upheld the law. It seems certain to come before the Supreme Court.
One segment of the population that has been extremely vocal in its opposition to the law is the small business community. I asked Karen Harned, executive director of the NFIB Small Business Legal Center, to discuss the one year anniversary of health care reform and their efforts to expedite the case to the Supreme Court. The National Federation of Independent Business is a part of this lawsuit to overturn this controversial law.
The guys on the trading floor were probably a tad bit jealous when one of their own was called to play goalie for the Florida Panthers hockey team's practice at Madison Square Garden Tuesday morning.
Adam Reasoner, a 26-year-old bond trader and the younger brother of the Panthers center, Marty Reasoner, was called to fill in for the Panthers goalie Scott Clemmensen. Clemmensen was unable to play because of an injury.
Adam played hockey at Boston College for two seasons and said he keeps in shape playing with other financial professionals on Wednesday nights at Chelsea Pier, he told the Miami Herald.
Woah! Estimated damage from Japan quake is about $309 billion — that's about four times Katrina [Bloomberg]
Egyptian stock market opens and tumbles [MarketWatch]
Fed objects to Bank of America dividend increase so the bank will ask again. [CNBC.com]
Lloyd Blankfein to testify at Galleon trial [NYTimes DealBook]
Donald Trump said he 'duped' Gaddafi [CNN Money]
The big question on everyone’s mind when it comes to municipal bonds is simple: Will states and cities be able to pay their interest and principal on time, and in full?
Unfortunately, no one really knows the answer. The source of our ignorance, ironically, is the historical strength of muni bonds—the low default rates. So few muni bonds have defaulted historically — only four major cities in 40 years, and zero states — that we just don’t know what metrics to use to predict defaults.
Is the muni leverage explosion a statistical illusion?
On Day 9 of the Raj Rajaratnam insider trading trial, the wiretaps were pulled out again after a day and half of straight testimony from Intel, PeopleSupport and Moody's executives.
As always, Raj starred in the recording. This time, his guest was Rajiv Goel, the former Intel executive who has already plead guilty to occasionally tipping his longtime friend on a merger between Sprint and Clearwire .
That sound of pounding hooves you’ve been hearing is of investors entering Japan, not leaving the disaster-ravaged country, which has become an unlikely darling for fund money.
Inflows into Japan ETFs since an earthquake and tsunami ravaged the nation have confounded market strategists and generated as many cautions as buy signals.
The preliminary estimate of the University of Michigan consumer confidence index unexpected dropped in March to the lowest level since last October. The headline index dropped from 77.5 to 68.2. But by far the worse drop was in the expectations of the future, which plunged from 58.3 to 71.6.
So what does plunging consumer confidence in the future mean for businesses, investors and consumers?
Most analysts have rarely met a stock they didn't like, or at least weren't willing to hang out with for a while.
Some energy-linked stocks have sold off unfairly, presenting a good buying opportunity, according to a renewables pro.
The U.S. may not be as strong as investors think because it is growing overly dependent on the consumer for economic growth, Jim O'Neill tells CNBC.