Manufacturing and corporate profits are both in recession mode, even though the rest of the U.S. economy continues to limp along.» Read More
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?
Municipal-bond prices fell Monday as we entered into one of the largest issuance weeks this year. The weakness in the face of increased supply may indicate that there is still a lot of nervousness about the muni market.
Note that, on a historical basis, the supply isn’t all that large.
The $20 billion loan JPMorgan Chase is providing to AT&T to finance the $39 billion acquisition of T-Mobile USA has raised a lot of eyebrows on Wall Street.
Assuming the deal gets the necessary regulatory approval, it will be the largest single-bank takeover financing in history. Although there have been bigger financings in the past, these are typically handled by a syndicate of banks operating together.
Three mid-level bankers in Goldman's tech investment banking group have left to take positions at ride service company Uber.
For a big group of stocks within the S&P 500, performance trends have been either decidedly positive or negative.
We asked the "Fast Money" traders what they were thankful for this Thanksgiving. Joe Terranova said, "The next 5 minutes."