Articles

I count myself among the pool of investors who believed that oil could spike higher and bought some Canadian oil trusts - pwe and erf - only to find that they now trade at the same price that they did when oil was at $80 a barrel. The catch is the new Canadian tax act that will affect these things differently in 2011 and stop them from moving up no matter what happens to oil until then.

BusinessWeek is running an article stating that India's growth is expected to drop ffrom 9% to 7% this year. As one of the countries gulping oil, will this help to pop the oil bubble?

Chinese consumers have been socking away money in time deposits (what we call CDs) for the last year and while you would think banks might like it, they don't. Banks worldwide suffer when consumers shift their money from low interest savings to higher interest savings and time deposits.

The abandoned resort town of McAllister ranch is emblematic of the problems facing Lehman Bros as it struggles to survive and remain independent.

Bank of America is offering $75 to open a My Access checking account online. There's a catch though.

Everbank raised the rates on its money market and savings accounts today, continuing a general bank trend of rising rates.

Indymac raised the rate on its 12 month CD to 4.30% APY make it the clear rate leader on the BestCashCow rate table.

Emails from UBS continue to paint a picture of banks knowingly selling damaged and failing investment products to individual investors in bids to reduce their own exposure.

Preliminary figures show Japanese inflation at a 10-year high of 1.5%.

The Fed didn't raise rates today but it will have to before the end of the year. The EU will make sure of that.

Ben Bernanke proved today that he is too weak to stay as chairman of the federal reserve.

The Fed today announced it was keeping rates at 2% as was widely expected. It's announcement opened the door for future rate hikes as its statement mentioned the danger of inflation.

IndyMac yesteday raised the rate on their 6 month and 12 month CDs, which are now offering 4% APY and 4.25% APY respectively.

The Federal Reserve is expected to keep the Federal Funds rate at 2% tomorrow but traders and banks have already anticipated a future rate increase.

M&T Bank, NA is offering some of the highest rates on 2 and 3 year CDs. The only problem, a somewhat kluge application process.