Manufacturing and corporate profits are both in recession mode, even though the rest of the U.S. economy continues to limp along.» Read More
A lot of people seem to be skeptical of the idea that Tim Geithner could issue Treasury bonds even after the debt ceiling was breached.
Four UBS employees were escorted out of the bank's Stamford, Connecticut offices Tuesday.
The story was first reported by Bess Levin at DealBreaker. UBS has confirmed it through a spokesperson.
I’ve said over and over again that municipal bond experts do not have a good model for predicting defaults.
The core problem with municipal bond forecasting is, ironically, the historical strength of muni bonds. So few muni defaults occur that we lack evidence about which types of bonds and issuers are more likely to default. As a result, most financial modeling is just useless when it comes to predicting defaults.
The verdict on Raj could come any day now, and things just got weird.
Right now, it's looking like he's guilty on at least the majority of the charges against him.
Every day we see it in the headlines. Four dollar a gallon gas has just hit this city or that one. Concerns over whether this will lead to a consumer crunch are widespread.
Retail Analyst, Brian Sozzi at Wall Street Strategies, recently analyzed the impact of the gasoline prices on discretionary spending.
Sozzi says that right now the consumer has yet to change their spending habits due to rising gas price. But there is an important target price he's looking at that could change that trend.
Experts in finance are probably some of the most dangerous people in the world when it comes to forecasting.
Too many of them believe that their unusual accumulations of facts and knowledge about a subject—say, muni debt or mortgages or derivatives—are readily translated into predictions about the future.
When bond marketing makes for a hilarious internet video, you know there's a credit bubble somewhere.
Much of the discussion over the debt ceiling assumes that the final word on the matter will rest with Capitol Hill lawmakers. A note today from Citigroup analyst Brett Rose suggests that this assumption might not be sound.
Rose argues that the US Treasury Department has several tactics to keep funding government operations and debt obligations in the event that the debt ceiling is reached, according to Business Insider .
Ugh!$6 buck gas? [CNBC.com's Jeff Cox]
If big banks are swimming in cash, why aren't they lending? [CNNMoney via Fortune]
Benny and the Press: Bernanke to speak to a room full of journalists today. [WSJ]
There's a batch of earnings today including GE, McDonald's and Morgan Stanley. Get your earnings coverage here . [CNBC.com]
If there's any doubt the Fed is targeting December for its first rate hike, just look at the bond market.
Italy plans to launch a series of bad bank-style measures as early as the end of the year, the FT reports.
Hillary Clinton's close ties to Wall Street is an image she can't seek to shake, The New York Times reports.