Health Care: CBO on the New HELP Bill
On Thursday evening, the Congressional Budget Office (CBO) released a preliminary analysis of the latest version of Title I of the Affordable Health Choices Act,... Read »
Five More Banks Seized by Regulators, Making 52 in ‘09
Federal authorities closed 5 more banks on Thursday. Today’s action was somewhat unusual ; most bank failure announcements occur late Friday evening. From... Read »
Two More Banks Fail, Making 47 in ‘09
John Warner Bank of Clinton, and The First State Bank of Winchester, Ill., became the 46th and 47th bank failure of 2009. From the FDIC: The John Warner Bank, Clinton,... Read »
ECB Keeps Rates Steady
The European Central Bank [ECB] decided on Thursday to keep its benchmark interest rate unchanged at the record low level of 1%. ECB President Jean-Claude Trichet,... Read »
Oppenheimer (OPY): Stock Sales Buoy Investment Banks
According to Oppenheimer (OPY) bank analyst Chris Kotowski, who took over when famed analyst Meredith Whitney started her own firm, companies selling stock to raise... Read »
“Hire the Unemployed”
The stimulus package had two components, new spending and tax cuts. Everybody knew that the spending component would take time to put into place, six months or more... Read »
Buffett ‘Promoted’ to Mattress Salesman
This is a humorous video of Warren Buffett “promoted” from Chairman to a mattress salesman on the floor of Berkshire subsidiary Nebraska Furniture Mart.... Read »
A Bearish Jobs Report
The headlines in today’s job report were gloomy: » Nonfarm payrolls fell by 467,000 in June, more than expected and more than in May. » The unemployment rate... Read »
Consumer Bankruptcy Filings Increase 36.5% Y/Y
Bankruptcies resulting from household financial distress continue to increase. U.S. consumers made 675,351 bankruptcy filings in the first half, a 36.5% increase... Read »
Study of Sepracor’s (SEPR) Depression Drug Has Investors Gloomy
“Big percentage move on the down side out of Sepracor. It is down about 16% in the pre-market this morning… There’s Sepracor, $14.85 big drop as a depression... Read »
« View MoreMarket Latest - Real Time
- 5:36 PM The size of the Federal Reserve’s balance sheet shrank for a second week, dropping 1 percent to $2.01 trillion, as lending to commercial banks and other corporations declined. Comment!
- 5:34 PM Billionaire investor Wilbur Ross and hedge fund Elliott Management Corp. are considering bids for bankrupt auto-parts maker Delphi Corp.’s assets, two people familiar with the matter said. Comment!
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