From:www.businessweek.com
In this frenetic world, where action is often a substitute for thought, sometimes the right thing to do is nothing at all. Federal Reserve Chairman Ben Bernanke has taken that phlegmatic message to heart. On May 9, he and the other nine members of the Fed’s Open Market Committee voted unanimously to do diddly-squat about […]
From:www.businessweek.com
Over the past 13 weeks, the S&P 1500 Managed Health Care subindustry index has risen from the dead, and now has a relative strength ranking of 4, indicating that its trailing 12-month price performance is in the top 30% of all 136 subindustries in this composite benchmark (which consists of the Standard & Poor’s 500-stock […]
NPR recently interviewed past employees of subprime mortgage broker Ameriquest, and even with all of the information that’s come during the current mortgage foreclosure crisis, some of the stories are shocking. Former employees describe the company not just failing to mention payment increases and upward adjustments in mortgage rates, but directly telling consumers that […]
If you’re in financial crisis, the single most important thing is that you take action: educate yourself, make a plan, and follow through. Financial problems don’t go away on their own and wishful thinking won’t make next month better than this one.
For many people who find themselves in a financial bind that just keeps getting […]
How things have changed. The luxury-home builder now expects to take a second-quarter charge of $90 million to $130 million to account for falling home values across the country.
“You could generalize that earnings visibility is low for Toll Bros. for the next few quarters and for the homebuilder group also,” says Standard & Poor’s […]
After a rocky session, the Dow Jones industrial average pushed to a new record after the Federal Reserve announced that they kept the federal funds rate at 5.25% and remains worried about inflation. Investors liked the message: expect more of the same steady rates for the time being while the economy remains in a Goldilocks […]