Gold Price Bubble? Gold prices, what's ahead?
Stock Market Up and down, but when is the next bubble?
WASHINGTON — Federal Reserve Chairman Ben Bernanke will provide Congress with a fresh assessment of the country’s fragile economic health that probably will note some recent improvements, but still warn that it will take time — perhaps years — for the economy to get back to normal. At the same time, Bernanke is likely to [...]
WASHINGTON — The U.S. is expected to direct about 10 of the 19 banks undergoing government stress tests to boost their capital, according to several people familiar with the matter, a move that officials hope will quell fears about the solvency of the financial sector. The exact number of banks affected remains under discussion. It [...]
General Motors Corp. may be more likely to end up in bankruptcy based on the Obama administration’s willingness to place Chrysler LLC into court protection to safeguard union health-care benefits. With GM and its biggest bondholders at odds over resolving $27 billion in unsecured claims by a June 1 deadline, the Chrysler model indicates that [...]
Americans and American businesses earning profits overseas will pay an estimated $210 billion dollars more in taxes over the next decade if Congress approves stricter international tax laws outlined by the Obama Administration Monday. The Administration is proposing severe restrictions on certain international tax deductions, as well as seeking mechanisms to extract more information from [...]
Bank of America (BAC: 10.43, 1.75, 20.16%) on Monday contradicted a report saying it was planning to raise $10 billion in capital. The Financial Times had reported that BofA was found by the government’s stress tests to need at least $10 billion of capital, and that the company was working on plans to raise new [...]
While it may be too soon to call a bottom in the struggling housing market, a industry gauge of home sales showed sales activity is now up from a year ago — and the average price of a home moved higher in March. The National Association of Realtors said Monday that its March pending existing [...]
What do the Bill & Melinda Gates Foundation and Halliburton (HAL: 22.33, 1.48, 7.1%) have in common? Both the charity and the oil industrial giant own senior secured positions in the now-bankrupt Chrysler. In a bankruptcy filing made public on Monday, the embattled auto maker listed dozens of mutual funds, city and state pension funds, [...]
Chrysler filed for bankruptcy protection Thursday afternoon in New York, a move President Obama said would give the company a “new lease on life.” The president also announced that Chrysler has met his demand to strike a partnership with Italian automaker Fiat and said he thinks the alliance has a “strong chance of success.” You [...]
The Federal Reserve on Wednesday left a key interest rate near zero and said it will continue to use all available tools to improve liquidity in credit markets and increase lending. Because the economy has continued to contract since the Fed’s last meeting in March, the central bank said it will continue to purchase mortgage [...]
DETROIT–General Motors Corp (GM: 1.83, -0.22, -10.73%) on Monday offered its final plan to reorganize outside bankruptcy by slashing bond debt, cutting over 21,000 more U.S. jobs and emerging as a nationalized automaker under majority control by the U.S. government. GM Chief Executive Fritz Henderson said the automaker would file for bankruptcy protection if an [...]