Articles

Goldman Sachs announced it apparently weighing opening an internet bank, according to the Wall Street Journal.

Harvard has lost extraordinary amounts of money. Harvard will survive, but the question is what this signals for other non-profits that cannot absorb these types of losses.

Here is a risky strategy that I am following as interest rates move lower.

DollarSavingsDirect, an online division of Emigrant Bank is offering a 16 month CD at 4% APY.

Harvard today announced that its endowment had dropped by 22% or $8 billion. The loss is greater than the total endowments of all but 4 universities. This marks the popping of one of the last bubbles - higher education.

Online brokers are stepping up in a bid to grab customers amid a volatile market. Etrade is offering up to $500 cash for users who join its Power ETrade program.

Bill Gross, who manages the largest bond fund in the world for Pimco posted an interesting column in which he made the case that stocks are not inexpensive when you consider that the leveraged finance model is dead. I thought these were wise words.

The National Bureau of Economic Research says we entered a recession in December 2007. This raises a bunch of interesting questions.

15 to 20 years ago, CNN set a new standard in broadcast journalism. The Mumbai attacks shows what a disaster it has become.

If you speak to anyone with a pulse, part of the discussion inevitably turns to how to protect your cash in such a low rate environment.

For all of the bad news that we hear day in and day out, there are some positives. Today, we learned that personal income actually rose in October. That's right, people who are working are making more.

I noticed recently that AmTrust has significantly lowered its rates to the point that it has fallen off most of the rate tables. Then I received word of an email they were sending out. Now, it turns out they are being monitored by the OTS.

Over the last two weeks, the Fed has set up programs to purchase mortgage backed assets, student loans, credit card loans, and more to help restart lending. But it might not make a difference because consumers are already eyeball high in debt and need less of it, not more.

Chase is offering 25,000 miles on their Chase Travel Rewards Credit Card. No fee for the first year and no caps or blackout periods.

Citibank and any other bank that participates in the Temporary Liquidity Guarantee Program are eligible to receive unlimited FDIC insurance on checking accounts and even some types of interest bearing accounts.