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Citigroup, JP Morgan Chase, and Merrill Lynch & Co, may be forced to write down an additional $34 billion in assets related to the subprime mortgage collapse. The irony is that an analyst from Goldman Sachs is making the prediction.
Read →Would you marry for the money? The WSJ.com just reported on some interesting findings from a survey of 1,134 people nationwide with incomes ranging between $30,000 to $60,000. The results are pretty surprising.
Read →Bernanke is correct not to keep slashing the Fed funds rates.
Read →The Fed today decided to cut the Federal Funds rate and the Discount rate by .25%. This is less than what many on the Street hoped and wanted but the Fed understands that inflation pressure is bubbling away.
Read →Banks are offering yields as high as 6.25% on Reward Checking accounts.
Read →Sometimes real life is just hundreds of times more fascinating than fiction.
Read →Don't expect a snap-back rally from Motorola.
Read →Merck and Schering Plough seem to be doing everything they can to protect their popular drugs from the results of a trial they designed and ran.
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