By Jon Nadler
Weighed down by a retreat in crude oil and the dollars ascent to 72 on the index, gold prices took a nearly 2% tumble in the early morning prior to the New York opening.Yeste...
States are investigating how banks and securities firms marketed auction-rate securities to investors as recent failures in the credit markets have prevented many from liquidating the investment inst...
By Jon Nadler
After scaling up to $953.90 on the back of a new record of $115.50 in crude oil, gold prices turned back to the low $940's as the US dollar climbed to near 71.70 on the index....
JPMorgan Chase & Co. executives anticipate the real estate market to keep falling, with prices dropping as much as 9 percent in 2008.The New York-based bank's chief executive Jamie Dimon t...
Shares of Talbots Inc., the women's clothing department store, plunged more than 30 percent on Wednesday, a day after the company announced it had lost $265 million in credit.
A pair of the largest U.S. banks reported that profits in the first quarter fell due to the housing downturn but they still managed to beat Wall Street analysts' expectations sending shares higher.
Gold futures rose to its highest level in two weeks after the U.S. dollar fell to a new low against the euro. Silver also ended with gains.
JPMorgan Chase & Co., the third largest U.S. bank beat expectations on Wednesday, despite reporting a 50 percent drop in first quarter profit as it wrote down $5.1 billion in assets linked to mortgages and other loans.
By Jon Nadler
Gold prices took off for higher ground overnight as the divergent oil and dollar fueled additional speculative interest in the metal.There is still somewhat of a disconnect i...
Goldman Sachs lowered Alibaba's price target from 18 Yuan to 15 Yuan, or 16 percent, and lower the company's target price earnings ratio of 2009 from 33 times to 30 times, but maintained the stocks neutral rating.
The National Stock Exchange (NSE) has launched India's first ever Volatility Index or the India VIX, based on prices of options on the benchmark Nifty 50 Options prices.
Merrill Lynch, Inc, is expected to report a loss for the first quarter of the year on Thursday, and is also expected to write down several billion dollars' worth of securities linked to the falling housing market, along with markdowns related to mono-line bond insurer and leveraged buyouts.
Washington Mutual Inc. reported a first-quarter loss of $1.14 billion late Tuesday, as the lender continues to suffer from the mortgage meltdown and credit crisis.
Tokyo stocks rebounded Tuesday on buybacks after heavy losses the previous day but gains were limited as investors remain jittery ahead of upcoming earnings reports by major U.S. corporations and financial institutions.
Charles Schwab Corp, the discount brokerage said on Tuesday its earnings from continuing operations rose 29 percent, spurred of by a higher-than-expected number of new client sign ups.
UBS, the Swiss bank which has taken heavy losses due to the downturn in housing and credit markets, may eliminate about 10 percent of its workforce, according to reports.
Bear Stearns, the fifth-largest U.S. investment bank, reported late Monday that its first quarter profit plunged 79 percent just ahead of the confidence crisis which forced a sale of the bank to rival JPMorgan Chase & Co.
J.P. Morgan Chase & Co. is expected to report that its first quarter profit fell by more than 50 percent on Wednesday due to potential additional write-downs, and other expenses related to the tough mortgage market.
Greg McCoach is an entrepreneur who has successfully started and run several businesses the past 22 years. For the last eight of these years he has been involved with the precious metals industry as ...
Wachovia Corp. investors were hit with a double-whammy on Monday, after the fourth largest U.S. bank reported an unexpected loss for the quarter, cut their dividends, and announced a plan to sell diluted stock.
FGIC Corp. said late Monday it is considering selling itself and has commenced talks with potential investors and other parties regarding strategic alternatives, and said it will reach a decision with the next few weeks.
Deutsche Bank is looking to sell a debt of loans of leveraged buyouts to investors and private equity firms, for much less than the $20 billion dollars previously announced, Reuters reported.