Articles By Eleazar David Meléndez
When San Franciso-based Wells Fargo & Company (NYSE:WFC), releases quarterly results Friday morning, analysts will be examining the corporate filing for hints as to the state of the U.S. housing market.
When New York-based banking behemoth JPMorgan Chase and Co. (NYSE:JPM) reports its financial results for the latest quarter on Friday morning, the market's collective attention will be focused on just one figure: the one finally detailing how much JPMorgan lost as a result of its ill-advised strategy of putting huge "hedge" bets on the CDS derivatives market.
A regularly scheduled auction for $21 billion worth of 10-year Treasury notes was off the charts Wednesday, with massive, unexpected demand for the government paper temporarily driving the yield on those securities to 1.464 percent, a record.
A Spanish activist group fighting against bank-ordered evictions has stepped up its protest activity and embraced law-breaking -- and sometimes violent -- methods to stop the physical removal of families from their homes.
In long forgotten days, before most bank profits came from risky speculation and taxpayer bailouts and those institutions still lived or died by their ability to attract depositors, customers who opened new checking accounts were often given toasters as tokens of appreciation.
The U.S. is currently in a recessionary cycle and, no matter what they say, there's nothing policymakers can do to stop that. That's according to Lakshman Achuthan, co-founder of the Economic Cycle Research Institute.
Italian Prime Minister Mario Monti told reporters Tuesday that Italy won't need a Greek-style bailout, but said the country may need to tap into the European Stability Mechanism (ESM), Europe's all-purpose bailout bucket, asking the fund to subsidize sovereign borrowing by buying Italian government bonds.
Airbus and Boeing are ramping up their global supply chain efficiency to meet a huge number of orders.
The world's major economies extended their slowdown in May, with conditions deteriorating significantly in India and Italy, according to a statistical indicator released by the Organisation for Economic Co-operation and Development on Monday. Even in Brazil, one of the few economies surveyed that is expanding, the pace of growth slowed.
Boeing Company (NYSE: BA) has extended its lead in 2012 orders over European rival Airbus SAS with a multibillion-dollar commitment from a leasing company that the Chicago-based company revealed this week in Airbus' backyard.