Articles

Bank of America's acquisition of Countrywide is a good acquisition for the latter's employees (and for those who bought the latter's stock two days ago). It also stops the knock-on effects of the mortgage meltdown. But, it is potential disaster for Bank of America.

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.

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.

Bernanke is correct not to keep slashing the Fed funds rates.

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.

Banks are offering yields as high as 6.25% on Reward Checking accounts.

Sometimes real life is just hundreds of times more fascinating than fiction.

Don't expect a snap-back rally from Motorola.