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Merrill Deal May Not Be Worth $50b If Bank Of America Stocks ...
The landscape of Wall Street, ever changing, transformed this weekend with the liquidation of Lehman Brothers (LEH) and the purchase of Merrill Lynch (MER) by Bank of America (BAC). The latter took down one of the largest and...
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Gold Experiences Biggest 1-Day Gain, Dollar Slides
Gold prices and exchange traded funds (ETFs) are soaring after the government bailed out American Insurance Group (AIG) and the dollar fell. The largest gold ETF shot up 11.6% along with prices - the biggest one-day gain ever. ...
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US Government Now Member Of DJIA Through Ownership Of AIG
Blogging this market everyday shortly after the close seems useless since the news cycle is moving faster than prices. I’m just gonna say this is as volatile a week as we and most others predicted, and it’s not over. ...
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Russians Say “Nyet” To Stock Markets: Suspend Trading
As an ex-cold war kid, there still not much about the former Soviet Union that I find appealing. Sure, the missiles aren’t much of a threat anymore, but the truth is the country has been has been run by gangsters ever since...
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US Markets Plunge, Gold Experiences Largest 1-Day Rally And Morgan ...
Well here we are again, another horrible day in the financial markets. Stocks plunged again, with the Dow giving up 449.36 points to close at 10609.66. The Nasdaq fell 109.05 points to 2098.85, and the S&P 500 gave up...
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Jim Rogers Interview: How The Federal Reserve Will Fail And The ...
The US financial crisis has cut so deep - and the government has taken on so much debt in misguided attempts to bail out such companies as Fannie Mae and Freddie Mac - that even larger financial shocks are still to come, ... ...
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Banks World-Wide Feeling The Impact Of The US Financial Crisis
To find out how the US financial crisis is beginning to play out in foreign markets, we spoke late last week with Zacks senior analyst Ann Heffron, CFA recently about how banks around the world under her coverage are currently...
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Heavy Sell-Off Of US Stocks Puts Downside Pressure On US Dollar
Stock markets are still spooked on Wednesday following the US government’s rescue of AIG (AIG), the world’s largest insurance company late Tuesday. In the forex markets, the US dollar is trading with a weaker hand. ...
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The AIG Rescue And The Failure Of Regulation
In this morning’s Financial Times, there is a great piece on the AIG (AIG) rescue, the potential impact if the government had allowed the company to fail, and the failure of regulation:. From the FT:. AIG was not too big to fail, ...
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Goldman Sachs Not Immune To Market Turmoil
Goldman Sachs (GS) has held up remarkably well throughout the 2008 Financial sector decline, but even it is now not immune from sharply and rapidly declining prices, as the markdowns in the Financial sector continues. ...
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How To Survive The Financial Tsunami
If you have any money in the market, you probably have just one question on your mind right now: “What should I do?” Monday was the worst day in the markets since the Sept. 11 attacks of 2001, after the news about the liquidation of ...
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Keep On Top Of News If You Have An Insurance Policy With AIG
The Federal Reserve lent the soon-to-be-former-Dow-component AIG (AIG) $85 billion. In exchange, the company must sell off its assets to pay back the loan. The interest rate is LIBOR plus 8.5%, which is equivalent to the terms of...
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Wednesday Investing Roundups: Oil, Adobe, Citigroup
Oil prices extended their decline yesterday (Tuesday), falling $10 a barrel in a dramatic, two-day slide as the outlook for US, as well as global, energy demand grew weaker. Light, sweet crude for October delivery fell $4.56 to settle ...
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Seems Like The Fed May Want To Hike Interest Rates In October Meeting
The US central bank’s Federal Open Market Committee (FOMC) yesterday (Tuesday) left the benchmark Federal Funds rate target at 2.0%, after many had expected the central bank policymaking committee to cut rates in the wake...
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Market Update: Oil Stays Above $92
Oil prices are staying firm above $92, gold rising, US dollar falling a bit. The market remains weak in the face of mounting problems in the financial sector. S&P’S CHAMBERS: PRESSURE IS BUILDING ON THE AAA US SOVEREIGN RATING, ...
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