JPMorgan Chase & Co., the second- biggest U.S. bank by assets, said
profit rose 67% to a second straight record as provisions for bad
mortgages and credit-card loans tumbled.
The sharpest drop in unemployment in more than a quarter century
obscures a simple fact: The jobs market still isn't working for many
Americans.
by Axel Merk
Economists, as well as Fed Chairman Ben Bernanke, like to tell us that food and energy inflation does not count. But they may be wrong.
Questions raised by a bankruptcy examiner's report on the September 2008
collapse of Lehman Brothers Holdings Inc. prompted regulators to take a
closer look at oversight of company audits.
The odds are five out of six, or about 83%, that interest rates will
rise, albeit with breaks and intervals, for the next 20 years,
according to Loomis Sayles vice chairman Dan Fuss...
The biggest increase in profits in more than a century is telling
investors that this is no time to sell stocks, even after the Standard
& Poor's 500 Index rallied 97%.
An immigration policy consistent with America's heritage and highest
ideals could dramatically spur economic growth and solve many of our
problems, former Florida Governor Jeb Bush told attendees...
by
Millionaires were a little less optimistic about the economy in March compared with February, according to a recent survey.
Optimism among U.S. chief executive officers surpassed the highest level
reached before the recession as more business leaders projected
increased sales, investment and hiring.
Confidence among U.S. consumers dropped more than forecast in March as
fuel costs surged to the highest level in more than two years.
U.S. executives are starting to spend the record $940
billion in cash they built up after the credit crisis, just in time for
annual shareholder meetings.
by
Despite Middle East instability and the nuclear disaster
in Japan, affluent investors remain most concerned with U.S. economic
weakness, according to Fidelity Investments.
Here's a little secret the Federal Reserve Board doesn't want you to
know. On September 24, 2008, while financial markets were collapsing, Morgan
Stanley borrowed $3...
The world is beset by crises, from an earthquake and
tsunami in Japan to revolution and repression in the Middle East. For
one small segment of the population, however, it's party time.
The Federal Reserve will disclose details of emergency loans it made to
banks in 2008, after the U.S. Supreme Court rejected an industry appeal.
by
From the market lows of March 2009 to the geopolitical volatility of March 2011, financial advisors reflect on how client attitudes have changed during the past two years.
The Fed's stringent stress tests on U.S. banks may mean downscaled proposals to restore dividends and share repurchases.
The meltdown at the Fukushima Daiichi nuclear plant has prompted many financial commentators and others to plant their feet firmly in their mouths.
Pimco's CEO believes it is too early to conclude the disaster taking place in Japan, and its aftermath, will have only a transitory economic impact.
The yen strengthened against the dollar on speculation Japan will delay intervention to limit the
currency's advance as the nation struggles to avert disaster at a
nuclear-power plant.
