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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Author ArchiveFollow 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 [...]
May
23
2012
Facebook Fallout: Morgan Stanley May Face Legal Liability, Attorney SaysPosted by: yahootechticker in Yahoo Tech TickerAs 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 [...]
May
23
2012
China Airborne: What China’s Big Bet on Aerospace Means for Its ModernizationPosted by: yahootechticker in Yahoo Tech TickerBy 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 [...]
May
23
2012
Greece Is Tearing Europe Apart Politically, Socially and Economically: William BlackPosted by: yahootechticker in Yahoo Tech TickerFollow 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 [...]
May
22
2012
JPMorgan’s “Wild, Crazy Insane Gamble” Puts Global Economy at Risk: Bill BlackPosted by: yahootechticker in Yahoo Tech TickerFollow 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 [...]
May
22
2012
“What’s Geithner Thinking?” Treasury Grants China Direct Access to Buy TreasuriesPosted by: yahootechticker in Yahoo Tech TickerFollow 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 [...]
May
22
2012
Facebook Bankers Secretly Cut Facebook’s Revenue Estimates In Middle Of IPO RoadshowPosted by: yahootechticker in Yahoo Tech TickerAnd 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 [...]
May
22
2012
U.S. Energy Policy…Brought to You by ExxonMobilPosted by: yahootechticker in Yahoo Tech TickerFollow 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 [...]
May
21
2012
Gasoline Prices Keep Falling But Relief Could Be Short LivedPosted by: yahootechticker in Yahoo Tech TickerFollow 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 [...]
May
21
2012
Hope for More Bailouts Boosts Global Stocks, But Can’t Save FacebookPosted by: yahootechticker in Yahoo Tech TickerWith 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 [...]
May
21
2012
Facebook Crashes Through IPO Price But That Doesn’t Make It a ‘Failure’Posted by: yahootechticker in Yahoo Tech TickerFacebook (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 [...]
May
21
2012
Student Loan Bubble Putting Hundreds of Colleges At RiskPosted by: yahootechticker in Yahoo Tech TickerProvided 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 [...]
May
18
2012
Trading Glitches at Nasdaq Mar Facebook IPOPosted by: yahootechticker in Yahoo Tech TickerAs 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 [...]
May
18
2012
“Crisis Meltdown” at Nasdaq Mars Facebook IPOPosted by: yahootechticker in Yahoo Tech TickerAs 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, [...] |