Stocks soar as world’s central banks move to support big banks just hours after S&P downgraded them
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...No bazooka but lots of small arms fire from the EuroZone finance ministers’ meeting yesterday
Just to keep everyone focused at the meeting of EuroZone finance ministers, Italy sold 7.5 billion euros of bonds with the yield on the three-year bonds in the auction climbing to 7.89%. Last month the yield on three-year bonds sold at auction was 4.93%.
Corning announces the bad news everyone expected and stock heads toward buying territory–but not quite yet
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Up 47% since November 10, I think it’s time to take the money and run in Central European Distribution (even if you have a long-term loss)
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...European Central Bank role in stabilizing euro debt markets looks more likely today with IMF as channel
The idea of using the IMF to channel loans from the European Central Bank to Spain and Italy has been around for weeks so why give it new credence today? Because sources are saying that EuroZone finance ministers have concluded that leveraging the European rescue fund would fall short of what’s needed to stabilize the market
To know how strong Black Friday retail sales really were we’ll have to wait until this weekend
Monday stocks soared in part at least on reports that retail sales on Black Friday, the official start of the holiday shopping season, climbed by 6.6% from the same day in 2010. The figures have met with a lot of skepticism–which I think is good news for stock prices
Stocks are so oversold that odds say this should be more than a one-day bounce–if Europe cooperates
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Stocks rally on hope that EuroZone leaders are finally getting serious about ending the crisis
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Italy to get $800 billion credit line from the IMF, La Stampa reports
Italy’s “La Stampa,” one of Italy’s most influential newspapers, has reported that the International Monetary Fund is preparing a 600 billion euro ($794 billon) credit line that Italy can use if its current liquidity squeeze becomes a deeper crisis.