Banking, finance, and taxes
Banking, finance, and taxes Articles
ThinkstockThe Bank of England’s Monetary Policy Committee voted on Thursday to maintain the current economic stimulus plans. This is its version of quantitative easing, similar to what is being...
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ThinkstockThe term high frequency trading (HFT) might sound like to millions or billions of dollars per year in trading profits to many Wall Street trading professionals and hedge fund managers. To...
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ThinkstockThe Federal Reserve has reported that consumer credit in March rose by only $8.0 billion. Bloomberg was calling for consumer credit to rise by $15 billion, but today’s Fed report was...
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Jon OggWhat happened to all the talk about a rapid rise in interest rates? A Treasury bill auction today went off that effectively lends the U.S. government money for free. This was a four-week...
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ThinkstockWith the stock market trading at all-time and multiyear highs, the question on every investor’s mind is can the stock market go even higher? At 1,615, the S&P 500 is at 15.4 times...
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Investors and traders alike always seem to be on the lookout for new speculative investment ideas that can generate massive long-term or short-term gains. While investors get to see many Buy ratings...
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TwitterThis weekend will mark yet another annual shareholder meeting for Berkshire Hathaway Inc. (NYSE: BRK-A). Warren Buffett has even started to use Twitter to kick off what is often called The...
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Frank Golhen, via Wikimedia CommonsTrading at the NYSE Euronext’s NYSE MKT exchange was halted briefly today. What is important here is not that the trading halt barely last two minutes, but that...
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ThinkstockING U.S. Inc. (NYSE: VOYA) held its initial public offering (IPO) today and the U.S. insurance arm of Dutch-based ING Groep N.V. (NYSE: ING) raised $1.27 billion at an IPO price of $19.50 a...
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ThinkstockThe European Central Bank (ECB) was expected to deliver a rate cut on Thursday, and that is exactly what the market got. The overnight refi rate was cut to 0.50% from 0.75%. We also saw...
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ThinkstockBen Bernanke and the Federal Open Market Committee are leaving the near-zero rate policy flat at 0.00% to 0.25% for Fed Funds. That was expected and is expected to remain in place for some...
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Jon OggThe world of high yield dividends and high yield bonds has reached a level that seems almost unheard of just a year or two ago. If this is not a testament to junk bonds not being that junky...
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ThinkstockSpain’s Instituto Nacional de Estadística (INES) reported this morning that the country’s gross domestic product (GDP) shrank 0.5% sequentially in the first quarter of 2013, the...
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courtesy J.C. Penney Co. Inc.Retailer J.C. Penney Co. Inc. (NYSE: JCP) said this morning that it has received a commitment from Goldman Sachs Group Inc. (NYSE: GS) for a five-year $1.75 billion...
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ThinkstockLoews Corp. (NYSE: L) reported first-quarter 2013 results before markets opened this morning. The holding company reported adjusted net income of $334 million, compared with $392 million in...
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