Global stocks at two-week high, rally may stall
(Reuters) - Global shares edged up to their highest in nearly two weeks on Tuesday, but the rally looked to be running out of steam on the back of concerns over Europe's debt troubles and U.S.…
Banks Lead Greece Recovery
Greek stocks rallied, with the benchmark ASE Index climbing the most in more than 21 yrs, as EFG Eurobank Ergasias SA (EUROB) and Alpha Bank SA announced a merger. Eurobank and Alpha Bank each rose…
Industries Prone To Bubbles and Why
A bubble (sometimes called an asset bubble, financial bubble or investment bubble) exists when the market prices of assets in a particular class far exceed those assets' true value. These inflated…
Greek Banks to Merge
ATHENS—Two of Greece's largest lenders, Alpha Bank SA and EFG Eurobank Ergasias SA, Monday announced plans for an estimated €7 billion ($10.15 billion) tie-up that would create the country's largest…
What a week! My prediction for next week.
The nay sayers, glass half -empty, perma-bears, and high frequency traders did their best to crack my resolve. But beware, when you live out West with three ski resorts out your deck, highs in the…
Analysis: "Safe haven" assets start to look risky - Yahoo! Finance
Analysis: "Safe haven" assets start to look risky tA bank clerk removes 200 Swiss franc banknotes out of a money counter in a bank in Zurich August 16, 2011. REUTERS/Arnd Wiegmann On Friday August…
Can Apple Be Apple Without Jobs?
Wednesday evening's announcement from Apple (Nasdaq:AAPL) that CEOSteve Jobs was resigning could hardly be called a surprise, but it will certainly accelerate a transition process that has been…
Markets Await Bernanke's Jackson Hole Fed Meeting Remarks
For one weekend every year, the economic world turns its watchful eyes away from New York and Washington and to Jackson Hole, Wyo. This weekend, the Kansas City Federal Reserve will again host the…
Buffett’s Berkshire to Invest $5 Billion in Bank of America
Aug. 25 (Bloomberg) -- Warren Buffett’s Berkshire Hathaway Inc. agreed to invest $5 billion in Bank of America Corp., aiding a lender hobbled by costs tied to subprime mortgages. Buffett’s company…