Question: What does Phil LeBeau call "the biggest question" about the Big 3's "Show and Tell Time"? Answer: Is $25 billion enough?
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Closing Bell: What does Phil LeBeau call "the biggest question" about the Big 3's "Show and Tell Time"?
What exchange traded fund (ETF) investors and Wall Street analysts have suspected for awhile is officially confirmed: the United States is in a recession, and it’s been going on for one year. The question now is, where does an investor go from here? Aaron Siegel for Investment News reports that the National Bureau of Economic Research Inc. confirmed that, numbers and indicators aside, we ...
The skyrocketing value of commodities sliced into profits at many a corporation in early 2008, as companies suddenly found raw materials costs had doubled or tripled. But anyone who responded to that by trying to hedge against a repeat of that is going to be hit again — this time on the way down. Already, several major corporations have taken hedging-related losses in the third quarter as...
UnitedHealth Group Inc. (NYSE: UNH) has made some rather bold predictions for 2009. What is interesting here is that these projections are not the projections of old showing continued growth nor showing continued goals total dominance. But the possible surprise here is that this depends upon the state of just how bad things get in the economy and also upon several factors which might now be ou...
Filed under: Law, Bank of America (BAC), HousingEveryone cheered when Countrywide Financial, owned by Bank of America (NYSE: BAC), agreed to modify loans under a settlement with 11 state attorneys general reached in October.Everyone, that is, except the people who held those mortgages and stood to lose hundreds of millions of dollars as a result of slashed balances and reduced interest rates. S...
Citigroup, Inc. (NYSE: C) is still in a pinch despite more than a 100% bounce from recent lows, and its still-relatively new CEO is caught right in the middle of a storm he might not escape. This call comes with some mixed emotions because what is obvious is that Vikram Pandit has been trying to make this horrible banking year and this horrible environment as painless for the company's employe...
Here's my premise. EUR/USD is bottoming....... .....when it reverses, badly-battered crude will rally.......... .......thus I have bought DIG....... ..........and DBA....... Shout out to G.W.: <yoda voice>War does not make one great..........</yoda voice>. Twerp.
Filed under: Forecasts, Recession, Financial CrisisA good rule for a forward-thinking executive to observe is never go anywhere -- at least don't walk into any meeting -- without the latest projections or models for the U.S. economy for the year ahead. How's the U.S. economy likely to perform in the year ahead? Well, here are the summaries of economist David H. Wang's models based on predetermi...
Just because they've dropped doesn't mean they're bargains.
Tenuous 12/2/2008 11:45 AM It's true. Another reason that those big hedgies are sitting in so much cash is because they have been dealing with partners who want their money back. How could you not believe that Paul Tudor Jones is going to come back from this and prevail? He's down 5% in his major fund, but that doesn't matter to people. Meanwhile, it feels like ...
