Finance Geek

It’s been a tough week for the stock market, which is ending on a desultory note as Facebook’s (FB) much-hyped IPO struggled. After pricing at $38 per share last night, underwriters were forced to delay the opening trade in Facebook Friday morning by about 30 minutes due to what the Nasdaq called “an issue in [...]

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Every day, Michelle Leder and the crew at Footnoted.com scour Securities and Exchange Commission filings for highlights and lowlights in executive compensation. Once a month, she joins us to discuss some of their top finds. As we discuss in the accompanying video, April showered a host of benefits on executives at a couple of companies [...]

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Yahoo! Finance to stream LIVE coverage of the Facebook IPO today starting at 10:45 am. WATCH IT LIVE HERE! In case you have not heard, Facebook goes public today and its initial public offering makes it the most valuable company at the time of its offering to ever go public. At $38 a share the [...]

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When JPMorgan announced a big trading loss last week, chairman and CEO Jamie Dimon said (among other things): “We’ll admit it, we’ll learn from it, we’ll fix it and we’ll move on.” But JPMorgan can’t move on because fixing the problem is proving extremely difficult — and the losses are mounting, now reportedly approaching $3 [...]

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Follow The Daily Ticker on Facebook! Facebook’s big day has almost arrived. Pricing of the social media company’s initial public offering will be announced this evening, with shares slated to begin trading on the Nasdaq Friday morning. Facebook’s IPO could value the company as high as $104 billion — making it the third-largest IPO in [...]

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Follow The Daily Ticker on Facebook! A handful of housing data this week supports the case that the U.S. housing market may be heading for a recovery. Housing starts rose more than expected in April, up 2.6% to 717,000 due primarily to a rise in single and multi-family starts, People falling behind on their mortgages [...]

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Follow The Daily Ticker on Facebook! Oil prices have tumbled in recent weeks as concerns over Iran’s nuclear ambitions have taken a backseat to worries about Europe’s debt crisis and the slowing global economy. But talks between Iran and U.N. negotiators continue and, despite reports of progress, the outcome is far from certain. In the [...]

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Follow The Daily Ticker on Facebook! J.C. Penney (JCP) shares tumbled Wednesday after the retailer reported a much wider-than-expected first-quarter loss, suspended its dividend and saw weakness across all core metrics. In an apparent rebuke to new CEO Ron Johnson’s strategy to change the company’s focus from discounts to everyday low prices, total sales fell [...]

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Follow The Daily Ticker on Facebook! Demand for Facebook (FB) shares is heating up ahead of its initial public offering, which is expected to take place Friday. The company announced Wednesday it is offering 25 percent more shares for investors to purchase. Facebook is now set to sell 421.3 million shares, up from 337.4 million, [...]

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Follow The Daily Ticker on Facebook! Americans have a lot of questions about the housing market. Has the housing market bottomed? When will home prices start rising? Should I buy or rent? Jack Otter, executive producer of CBS MoneyWatch, explores some of these questions in his new book “Worth It…Not Worth It?” The real estate [...]

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Earlier this month, Harvard Professor Martin Feldstein generated some headlines after declaring on Bloomberg TV “that this is a bubble in the stock market created by low long-term interest rates that the Fed has engineered.” Two weeks later, “a lot of air has come out of the stock market” and Feldstein sees more ‘deflation’ ahead [...]

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Follow The Daily Ticker on Facebook! The fallout from JPMorgan Chase’s $2 billion trading loss continues. Following yesterday’s departure of three high-ranking execs, including CIO Ina Drew, the focus is now shifting to the firm’s chairman and CEO Jamie Dimon. At Tuesday’s annual shareholder meeting, there’s a proposal on the ballot to strip Dimon of [...]

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Follow The Daily Ticker on Facebook! When Facebook (FB) goes public later this week, the next generation of ultra-rich 20-something techies will have been created. “You are looking at the potential of scores, if not hundreds of millionaires,” says Matthew Miller, editor for the Bloomberg Billionaires Index, a daily ranking of the wealthiest 20 people [...]

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Follow The Daily Ticker on Facebook! In, Unintended Consequences: Why Everything You’ve Been Told About the Economy Is Wrong, Edward Conard sets out to provide “a prescription for how to grow the economy.” Thanks to a recent NY Times Magazine article, and because he worked closely with GOP presidential hopeful Mitt Romney at Bain Capital, [...]

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Follow The Daily Ticker on Facebook! In late February Fed Chairman Ben Bernanke started warning lawmakers about the looming “massive fiscal cliff” that would bring the U.S. economy to its knees if Congress cannot agree on long-term fiscal decisions. Bernanke explained that the confluence of events happening Jan. 1, 2013 - the expiration of the [...]

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