You Survived Black Swan Month
Mar 2nd, 2009 | By Dave Gonigam | Category: Financial NewsCongratulations — you just survived Black Swan Month. And in the process, a persistent and seemingly prescient Internet rumor has been put to rest.
Posts Tagged ‘ Wachovia ’
Financials on the Brink, Housing in the Drin
Jun 3rd, 2008 | By Justice Litle | Category: Politics & EconomicsAnother day, another round of bad news from the brokers and the banks.
It’s a Bear Market in Credit
Jun 3rd, 2008 | By Dan Denning | Category: Stock Market InvestingIf the Aussie market follows the U.S. lead today, look out. Before we break for lunch here in Colorado, stocks in New York are taking a beating. The Dow Jones Industrials are down nearly 200 points. And it’s such a nice day out, too.
Day Two For Risk Aversion…
Jun 3rd, 2008 | By Chuck Butler | Category: International InvestingMore losses… Currencies rebound… Jumping off the bandwagon… Slowing renminbi appreciation? And Now… Today’s Pfennig!
Wachovia CEO Thompson Shown the Door After 32 Years of Service, WaMu’s Killinger Steps Down as Chairman
Jun 2nd, 2008 | By Jason Simpkins | Category: Politics & EconomicsG. Kennedy Thompson, formerly Wachovia Corp.’s (WB) chief executive officer, can now be added to the list of high-profile subprime casualties that already includes Citigroup Inc.’s (C) Charles O. “Chuck” Prince III, The Bear Stearns Companies Inc.’s (BSC) Chief Executive Officer James E. “Jimmy” Cayne, and Merrill Lynch & Co. Inc.’s (MER) E. Stanley “Stan” O’Neal.
The Latest Banking Sector Credit Crisis Will Lead to That Sector’s Next Group of Profit Plays
May 29th, 2008 | By Keith Fitz-Gerald | Category: Politics & EconomicsThree major U.S. banks – including Fifth Third Bancorp. (FITB) and Wachovia Corp. (WB) – got clobbered in recent days on the news that they’ve lost another $1.6 billion by making investments in the Citigroup Inc. (C) Falcon hedge fund that lost 75% of its value earlier this year.
Base Metals React Little to the Rate Cut
May 1st, 2008 | By Doug Casey | Category: Gold MarketThe base metals were mixed on Wednesday. Copper bottomed in the pre-dawn hours, then was up through most of the day, finishing at $3.9472/lb., up almost 2¼ cents.
Base Metals in the Red
Apr 22nd, 2008 | By Doug Casey | Category: Gold MarketThe base metals were all mired in the red on Monday. Copper retreated some more from the $4 level, falling from the pre-dawn hours straight through to late morning, then coming just off its intraday lows to finish at $3.918/lb., down 3 1/3 cents from Friday.
Credit Where Credit Is Due
Apr 18th, 2008 | By Ann Sosnowski | Category: Politics & Economics“The rise in consumer credit delinquencies is consistent with a rapidly slowing economy. Stress in the housing market still dominates the story, but it’s a broader tale.” James Chessen, ABA Chief Economist.
Citigroup Misses Earnings Estimates and Announces 9,000 Job Cuts
Apr 18th, 2008 | By Mike Caggeso | Category: Stock Market InvestingCitigroup Inc.’s (C) highly anticipated first-quarter earnings missed analyst’s expectations, as the largest U.S. bank posted its second straight loss and announced it will cut 9,000 jobs this year.