Obama’s Austerity Agenda And Sequestration

March 22, 2013 MEDIA ROOTS — “Both parties have conspired to bring us disaster,” says Professor William K. Black, a leading white collar criminologist, who also teaches economics and law at the University of Missouri-Kansas City. “This has strangled the recovery and may even put the economy back into recession.”  Professor Black gives a crucial […]

Fed stress testing banks against 13% unemployment, 50% drop in stock market

By Joe Weisenthal | BusinessInsider.com The Fed just announced that the latest round of bank stress tests will come out Thursday at 4:30 PM ET. As a reminder, this is the doom scenario banks will be stress tested against: The supervisory stress scenario for CCAR 2012, which was designed in November 2011, depicts a severe […]

3 doomsaying experts who foresee economic devastation ahead

By Adam Shell, USA TODAY Behind the mainstream Wall Street happy talk about more stable financial markets and an improving economy are grim warnings of tough times ahead from a small cadre of doomsayers who warn that the worst of the financial crisis is still to come. Harry Dent, author of the new book The […]

S&P 500 Rises to Highest Level Since 2008

By Rita Nazareth, Bloomberg.com U.S. stocks rose, sending the Standard & Poor’s 500 Index above its highest close since 2008, as better-than-estimated consumer sentiment and home sales reports bolstered confidence in the world’s largest economy. American International Group Inc. added 2 percent after profit jumped 77 percent. Salesforce.com (CRM) Inc., the largest seller of online […]

Earnings Propping Up Market, For Now

By Ed Butowsky, FOX Business Why are stocks going higher when there is so much risk to earnings. Simply put, stock prices move up and down based on expected earnings. However, institutional investors and professional money managers add one more criteria to the evaluation process. With more than 90% of the volume on the stock […]

Euro zone loses patience with Greece

Euro zone finance ministers told Greece on Saturday it could not go ahead with an agreed deal to restructure privately-held debt until it guaranteed it would implement reforms needed to secure a second financing package from the euro zone and the IMF. Euro zone ministers had hoped to meet on Monday to finalize the second […]

Stocks Gain as Dollar, Treasuries Fall on Manufacturing Recovery Outlook

By Michael Shanahan and Rita Nazareth, Bloomberg.com Stocks (SXXP) rose, erasing a four-day drop in U.S. benchmark indexes, while the dollar and Treasuries fell on signs global manufacturing is strengthening. Silver and aluminum led commodity gains, while natural gas slid. The Standard & Poor’s 500 Index added 1.2 percent to 1,328.38 at 12:58 p.m. in […]

Stocks Gain as Dollar, Treasuries Fall on Manufacturing Recovery Outlook

By Michael Shanahan and Rita Nazareth, Bloomberg.com Stocks (SXXP) rose, erasing a four-day drop in U.S. benchmark indexes, while the dollar and Treasuries fell on signs global manufacturing is strengthening. Silver and aluminum led commodity gains, while natural gas slid. The Standard & Poor’s 500 Index added 1.2 percent to 1,328.38 at 12:58 p.m. in […]

Treasury ups auto bailout loss estimate

BY DAVID SHEPARDSON, DETROIT NEWS Washington -The U.S. Treasury Department boosted its estimate of government losses in the $ 85 billion auto bailout by $ 170 million. In the government’s latest report to Congress this month, the Treasury upped its estimate to $ 23.77 billion, up from $ 23.6 billion. Last fall, the government dramatically […]

Hackers shut down Tel Aviv Stock Exchange, El Al websites

ShareThis Hackers shut down Tel Aviv Stock Exchange, El Al websites –The hack comes in the wake of a series of cyber attacks over the past two weeks. 16 Jan 2012 Hackers shut down both the Tel Aviv Stock Exchange (TASE) and El Al’s respective websites on Monday, one day after a hacker network threatened […]