Finance Geek

Follow The Daily Ticker on Facebook! Last decade’s housing boom is still inflicting a world of pain for lenders, homeowners and the financial system. Home prices are still falling. But there are growing signs that a sector that had become a massive drag on growth is now becoming a factor that can add to growth. [...]

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Follow The Daily Ticker on Facebook! By Daniel Gross Last decade’s housing boom is still inflicting a world of pain for lenders, homeowners, and the financial system. Home prices are still falling. But there are growing signs that a sector that had become a massive drag on growth is now becoming a factor that can [...]

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As the dust settles on Facebook’s botched IPO, a lot of fingers are being pointed, regulators are investigating and at least one class action lawsuit has been filed against Morgan Stanley and Facebook. “There are issues that we need to look at specifically with respect to Facebook,” SEC Chair Mary Schapiro told reporters Tuesday after [...]

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By Daniel Gross When it comes to the economic future of China, it seems we live in a world of black-and-white, binary choices. Either it is poised to become the world’s largest economy and roll on as a juggernaut for decades to come. Or it is a giant, unsustainable bubble that is poised to pop [...]

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Follow The Daily Ticker on Facebook! European heads of state are meeting in Brussels Wednesday to discuss the euro zone’s sovereign debt crisis and more importantly, the fate of Greece. Germany’s Angela Merkel expressed a willingness to drop some of her austerity demands on Greece at last weekend’s G8 summit; some fear this reversal comes [...]

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Follow The Daily Ticker on Facebook! Jamie Dimon was not on Capitol Hill Tuesday but he and JPMorgan’s big loss were center stage at a Senate Banking Committee hearing. “The company’s massive trading loss is a stark reminder of the financial crisis of 2008 and the necessity of Wall Street reform,” said Committee Chairman Tim [...]

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Follow The Daily Ticker on Facebook! In an unprecedented move, in June 2011 the U.S. Treasury Department granted the Chinese government direct-bidder status to purchase U.S. Treasuries direct from the U.S. government, reports Reuters. All other central banks must purchase U.S. Treasuries through primary dealers on Wall Street, which then place bids on their behalf [...]

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And now comes some news about the Facebook (FB) IPO that buyers deserve to be outraged about. Reuters’ Alistair Barr is reporting that Facebook’s lead underwriters, Morgan Stanley (MS), JP Morgan (JPM), and Goldman Sachs (GS) all cut their earnings forecasts for the company in the middle of the IPO roadshow. This by itself is [...]

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Follow The Daily Ticker on Facebook! Every time oil and gas prices jump, as they have in the past year, a great cry goes up: If only America had an energy policy. Well, we do have an “energy policy,” it’s just being directed by ExxonMobil (XOM), not Washington, D.C., according to Steve Coll, president of [...]

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Follow The Daily Ticker on Facebook! Prices at the pump have fallen 6.19 cents per gallon in the past two weeks and are down more than 12 cents from the year-to-date high in early April according to the latest Lundberg Survey that tracks 2,500 stations across the country. The decline in gasoline prices mirrors the [...]

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With the glaring exception of Facebook, stocks rose modestly Monday morning amid hopes global policymakers will try to stimulate growth rather than focusing on austerity. At Saturday’s meeting at Camp David, G-8 leaders stressed their “imperative is to promote growth and jobs.” Separately, and perhaps more importantly, Chinese Premier Wen Jiabao declared this weekend “to [...]

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Facebook (FB) traded sharply lower this morning, crashing through Friday’s IPO price. And this unleashed a new round of criticism and disappointment among investors who apparently thought they would get a lot of free money from Facebook just for participating. There are two specific complaints about the IPO. The first, that NASDAQ blew the offering [...]

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Provided by Business Insider Very few topics have received as much attention as the student loan/debt bubble. The size, scope, and impact of this problem is an enormous anchor weighing down our next generation and our nation’s economy. Make no mistake, this anchor is not only impacting thousands of students and families but is also [...]

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As part of our live coverage of Facebook’s (FB) IPO Friday morning, I put in some limit orders to buy the stock. I wanted to have some ’skin in the game’ and have the same experience as our viewers. What I experienced was a few minutes of terror, followed by relief and then frustration; in [...]

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As part of our live coverage of Facebook’s IPO Friday morning, I put in some limit orders to buy the stock. I wanted to have some ’skin in the game’ and have the same experience as our viewers. What I experienced was a few minutes of terror, followed by relief and then frustration; in part, [...]

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