While the stock market has been going gangbusters recently, many analysts are growing increasingly concerned that a downturn is looming. There are several factors that will determine how bad the downturn will be.
The financial, real estate, and homebuilding sectors have led the market’s recovery since March. If the stock market run is to [...]
Financial giants Citigroup and JPMorgan are being sued in U.S. District court for allegedly conspiring with education finance company Nelnet to illegally recruit student loan borrowers. The lawsuit charges that all three companies received federal student loan subsidies by making false claims.
The civil action suit was originally filed back in May 2008, but the [...]
In recent weeks the dollar has been losing ground to key currencies. The greenback is down 2.6% this month compared with the euro, and 5.4% year-to-date. Bu what may be bad for the dollar can be good for investors – if you know where to look.
Companies that make goods in the United States [...]
Gallup has an interesting new study about Presidential approval ratings and the behavior of the Dow Industrial Average. In short, sometimes the trend lines go together, sometimes they don’t.
Here’s the chart comparing Barack Obama’s approval rating to the Dow thus far into his presidency:
Here’s the chart for George W. Bush:
As you can see, there’s [...]
The banks Citigroup and Bank of America continued good progress in announcing first quarter profits of $4.2 billion (3 billion euro) and $2.4 billion ( 1.7 billion euro).
In the same period last year, Citigroup, the beneficiary of aid $ 45 billion (32 billion euro) from the American state, made a loss of $ 2.5 billion, [...]
The cratering stock market has been hard on individual investors around the globe, but large pension funds have suffered too. The Organization for Economic Cooperation and Development recently issued a report on how pension plans around the world have suffered in the financial crisis.
Overall, the unweighted average among pension funds around the world was [...]
Citigroup has launched an exchange of shares worth 58 billion dollars, after which the U.S. government would get a participation of 34% in the third largest bank in the United States.
In the program, Citigroup will offer common shares in exchange for preferential securities of 33 billion dollars. Other preferential shares for 25 billion dollars, held [...]
With the image of Jim Cramer hawking stocks fresh in people’s heads, there is a widespread belief that the media contributes to and inflates asset bubbles like the stock market run-up. But a new study published in the Journal of Financial and Quantitative Analysis argues that the media does not play such an outsized [...]
Banks go bankrupt, stock exchanges fall, and people lose their homes and jobs. There are many indirect effects that can make your life hard: inflation, a volatile exchange rate, growth rates on loans, rising prices and so on.
Look what you can do to get better with the crisis:
1. Do not dramatize. Don’t panic. Periods of crisis [...]
