Who cares what the “Smart Money” is doing right now? The market is now processing a concurrent Chinese and American slowdown, so believe me when I tell you that if this continues, the Smart Money is just as screwed as the Dumb Money. …
Then they go on to point out that the average bank account’s interest rate is .75% versus the ridiculous .04% that traditional money market funds are paying, so maybe some of the $1.1 trillion went there. …
According to the article, the automatic money machine’s operators don’t even know what the stocks are that it’s trading. Again – the machine almost can’t lose money because it’s holding stocks for an average of 11 seconds. …
As the US Senate prepares to vote as early as this week on legislation rewriting the rules for Wall Street, the financial industry is holding fundraisers for lawmakers at a rate of almost one every business day this month, …
Despite the nearly $1 trillion aid package assembled by the European Union, euro doubters on both sides of the Atlantic were unbowed on Monday — and preparing to make new wagers against the currency.
I love this 15 rule infographic by Ryan Snook. Based on a Wall Street Journal article about money lessons for kids, it’s highly concise and at the same time, fairly all-encompassing. I’ll bookmark this for when my kids are old enough. …
Two more big companies — the Hartford Financial Services Group and Discover Financial Services — are preparing to pay back the billions of dollars that they received from the government’s banking bailout.
Swedish Saab dealers have made an unsolicited offer of $24 million dollars to help Spyker raise the funds it needs to buy the carmaker from General Motors, Dagens Industri reported.
A new report sheds new light on how banks like Citigroup, Wachovia and Bank of America unwittingly shifted hundreds of millions of dollars on behalf of African politicians, their relatives and associates.
A new report sheds new light on how banks like Citigroup, Wachovia and Bank of America unwittingly shifted hundreds of millions of dollars on behalf of African politicians, their relatives and associates.
