financials

Initial jobless claims rose in the week ended May 26 and the economy continued to grow near stall speed, according to data released this morning. Initial jobless claims increased 10,000 last week to 383,000 and the prior week's number was revised higher to 373,000. In other employment news, the ADP...

Tomorrow is the informal meeting of the European Commission and the European heads of state, which is a meeting to help set the agenda and decide on exactly what they will sign at the formal meeting in June. There will be lots of headlines and quoting of every person there, but I think that there...

Financial stocks, which had moved up in early trading on upbeat results from Morgan Stanley (NYSE: MS), closed lower yesterday, after a congressional panel probing the financial crisis subpoenaed credit rating agency Moody's Corp (NYSE: MCO). MCO had allegedly failed to comply with a request for...

Financial stocks, which had moved up in early trading on upbeat results from Morgan Stanley (NYSE: MS), closed lower yesterday, after a congressional panel probing the financial crisis subpoenaed credit rating agency Moody's Corp (NYSE: MCO). MCO had allegedly failed to comply with a request for...

Gary Shilling has said his piece for 2010, and eleven specific areas are 'sells' in his view. Here's what Shilling suggests NOT owning this year: 1. U.S. stocks in general 2. Home-builder and selected related stocks 3. Big-ticket consumer discretionary equities 4. Banks & other financial...