Posts Tagged ‘Wall Street’

On Tuesday, Mitch McConnell, the Senate minority leader, called for the abolition of municipal fire departments. Firefighters, he declared, "won't solve the problems that led to recent fires. They will make them worse." The existence of fire departments, he went on, "not only allows for taxpayer-funded bailouts of burning buildings; it institutionalizes them." He concluded, "The way to solve this problem is to let the ... Full story

There are a few questions I'd love to see answered about Goldman's Abacus deal: How were the prices of the credit default swaps in the deal determined? We know how the names were determined: Paulson drew up a list, ACA whittled down the list and added some names of its own, Paulson vetoed a few of those names, and ultimately a final list of 92 ... Full story

Here’s your fine-how-do-you-do Friday roundup of consumer news from around the Web: –There’s was always that nagging feeling throughout the taxpayer-funded bailout of Wall Street that these guys were more than victims of circumstance. And now we have federal authorities charging Goldman Sachs with fraud for having bet against — and profited from — the same mortgage products it was hawking to investors. If so, ... Full story

When Steve Jobs introduced the iPad several weeks ago, one of the key announcements was that the new tablet device would feature an e-reader that would compete directly with the Amazon Kindle and would also have a built-in electronic bookstore. I have spent the last week with a new iPad using the iBooks app and shopping in the iBookstore to see how it works. ... Full story

Food Matters by Dr. Sherrill Sellman, MD (excerpt from Dr. Sellman’s newly released book) April 10, 2010 These days, young women are besieged by many challenges. Social pressures, economic concerns, health problems, schoolwork, and family tensions all tilt the stress barometer into the dangerous red zone. Skipping meals, eating junk food along with starvation diets have become a way of life for ... Full story

A New York investor named John A. Paulson is at the heart of the fraud lawsuit filed today by the Securities and Exchange Commission against Goldman Sachs. Paulson's hedge fund company allegedly paid Goldman Sachs to structure a financial investment product that allowed Paulson & Co. to choose which ... Full story

If you are new to the market and think today was some sort of game changer… please don’t worry.  Malfeasance is now the root of the US casino, we go through one of these episodes every 3-5 years and come back stronger and more malfeasant! (I made that word up)  That said, days like today are for enjoyment since they break up the normal – ... Full story

Friday's 1.52 point drop was its first loss since April 8Apple (AAPL) had a down day on Wall Street Friday, an occurrence that has become so rare lately investors don't quite know what to make of it. The stock closed at $247.40, down .61% on a day in which the Dow ... Full story

It was shaping up to be a very good month for Yahoo (YHOO) shares. Heading into today’s session, the stock was up 15% in April and Yahoo’s share of the search business finally showed signs of stabilizing. Negativity surrounding Google’s (GOOG) report, however, has interrupted the momentum, with Yahoo shares finishing down 4.2% today to $18.17. Yahoo is still up 10% since March 31 ... Full story

By Newt Gingrich April 15th is an obvious date because it is the annual day when income taxes are due. April 18th is equally important because it will be the 235th anniversary of American militia firing “the shot heard round the world” when they stood up to British professional soldiers at Concord and Lexington and drove them back ... Full story