Markets rose modestly on Monday after investors weighed data from earnings season.
It’s earnings season. In fact it’s prime time for companies’ first-quarter earnings.
For company players the game is about trying to beat analysts’ estimates, to get your company’s stock to pop so you look better than your reflection.
But, the game is rigged.
For the fourth straight trading session, U.S. stocks climbed on news that General Electric Co. (NYSE: GE) and Morgan Stanley (NYSE: MS) and other companies beat quarterly expectations.
Wall Street is full of adages, superstitions, and myths – and that includes the explanation of why the stock market is closed on Good Friday.
Last week Bank of America (BofA) got slammed by the Consumer Financial Protection Bureau for fraudulent marketing and sales of “add-on” products.
The CFPB found that they had ripped off credit card customers by selling them identity theft protection and credit protection programs, without ever actually providing much of anything.
Read all about BofA’s shady marketing practices… the other banks that have also engaged in fraud…
The post Bank of America (NYSE: BAC): Someone from This Fraud Machine Needs to Go to Jail appeared first on Money Morning – Only the News You Can Profit From.
The bankrupt Mt. Gox Bitcoin exchange took another step toward oblivion today (Wednesday) when the Tokyo District Court dismissed its application for civil rehabilitation and steered it on a path to liquidation.
Chart watchers have noticed an eerie pattern – the bull market of 1982, which ended in the Black Monday stock market crash of 1987, looks way too much like the current bull market.
Gold prices took a beating Tuesday, plunging nearly 2% and marking the yellow metal’s worst day of the year.
With the deadline for the Chinese Bitcoin exchanges to be cut off from their bank accounts upon us as of today (Tuesday), the Bitcoin price is rising.
Wait, what?
It was waiting for me when I got home Saturday night. I finished it by Sunday morning. Although it’s only 271 pages, it took me 12 hours to read it because I wanted to savor every word and let it soak in.
