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Federal Reserve Holds Fed Funds Rate at 2%
The Fed stood pat on rates today, keeping the Fed Funds Rate at 2%, despite widespread turmoil on Wall Street. Weak growth is fighting inflation to a standstill within the Fed. Savings and money market rates and cd rates should remain relatively stable or even trend higher with this announcement.
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Fed Funds Futures Point to Significant Probability of Rate Cut - May Want to Lock in CD Rates
As late as Friday, it looked like a virtual lock that the Fed would keep rates at 2%. But the activity of the last couple of days has dramatically increased the odds the Fed will lower rates. If you are thinking of opening a CD, now may be a good time.
Read →We know the FDIC protects deposits, but what happens if your insurance company goes under? Below is some information.
Read →In this type of environment, we will quickly find out what GE is made of.
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Lehman's Collapse - Markets May Not Fall As Much as You Think
Everyone is predicting a horrible day on Wall Street today and for the next couple of days. I'm not so sure. Here's why. Lehman's stock has already taken its beating. As the chart below shows, Lehman, as well as the other... Read →
Bank of America is Overpaying for Merrill Lynch
I just cannot figure out what they are smoking at Bank of America to pay $44 billion for Merrill.
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Tumultous Weekend - Merrill Lynch Sold to Bank of America; Lehman Close to Bankruptcy
In the blink of an eye, two icons of Wall Street look like they may cease to exist as independent companies. In a surprise move, Bank of America looks set to purchase Merrill Lynch. After scrambling unsuccessfully to find a buyer, Lehman Brothers is preparing to file for bankruptcy.
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Greenspan on CBS's This Week Says More Financial Failures Probable
Former Fed chief Alan Greenspan said today on CBS's This Week that more major financial institutions may fail and that the government should not protect them all.
Read →Washington Mutual, stung from billions in mortgage related losses may be forced to sell its branch and deposit branches in order to raise money to stay afloat, says one analyst.
Read →How will the seizure of Fannie and Freddie impact you in your day-to-day lives? Read on.
Read →The government finally stepped in and seized Fannie Mae and Freddie Mac, putting it out of its housing bubble induced misery. Everyone stands to benefit except for the US taxpayer, who is now on the hook for billions.
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A Sumsung - Sandisk Acquisition?
Samsung and Sandisk have confirmed discussions about an acquisition. This would be a brilliant move for Samsung, but doesn't serve Sandisk's shareholders well at all.
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I Warned You About Nokia
Nokia's warning today was a long time in coming, and it isn't any surprise. To be certain, this isn't a "buying opportunity". Steer clear.
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IPhone 3G Faces Same Problem as 2G Version
The problem with the iPhone 3G is ATT,just as it was with the iPhone 2G.
Read →The credit crisis has taken its toll on many sectors. The municipal bond market has remained largely unscathed to date. But municipal investors need to open their eyes. These bonds are about to be the next shoe to drop in the credit markets.
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