-
Why Ron Paul's Proposed Military Cuts Could Ruin the Economy
Wednesday, January 11, 2012 - 1:23pm
Perhaps the most intriguing development in the Republican US presidential nomination race has been the ascendancy of Ron Paul. Although it seems unlikely that he can win the nomination, he’s managed to carve out a dedicated support base of voters. The key to his appeal has been his back to basics...
Read More >> -
S&P Announces Changes to Small Cap 600 Index
Wednesday, August 24, 2011 - 6:08pmOritani Financial (NASDAQ: ORIT) will replace optionsXpress Holdings (NASDAQ: OXPS) in the S&P SmallCap 600 index after the close of trading on Wednesday, August 31, 2011. optionsXpress Holdings is being acquired by S&P 500 constituent Charles Schwab (NYSE: SCHW) in a deal expected to be...
Read More >> -
Countries with Credit Ratings Higher than the US
Sunday, August 21, 2011 - 1:44amAfter Standard & Poor's downgraded the United States debt from AAA to AA+, investors have been looking to the countries with AAA ratings. Here are the countries with ratings of AAA according to Standard & Poor's. Australia Austria Canada Denmark Finland France Germany Guernsey Hong...
Read More >> -
Wednesday, August 17, 2011 - 1:30pm
S&P Cuts US Growth For Next Three Years
When Standard & Poor cut the US rating, the reaction of the country was akin to that of Mike Tyson after he was knocked out by Evander Holyfield. The stunned silence and feeling of “that should not happen to us” was tangible. However, S&P has just turned up the dial. In its latest report,...
Read More >> -
Financials and Oil Stocks Lead Market Plunge
Monday, August 8, 2011 - 12:52pm
Another day, another freefall. All U.S. Indexes are currently undergoing massive selloff, as traders and investors weigh the negative implications of Standard & Poor's downgrade of U.S. debt. The S&P 500 (SPX) has lost 44.8 points (3.74%) thus far in today's session, currently trading...
Read More >> -
S&P Does Not Believe U.S. will Default
Wednesday, July 27, 2011 - 1:02pmStandard & Poor's President, Deven Sharma, told a House Financial Services subcommittee Wednesday he does not expect the U.S. will default on its obligations and that the agency is waiting to see a final plan about deficit reduction. He repeated the company's view that there has to be a "...
Read More >> -
S&P Says 50-50 Chance of U.S. Downgrade
Thursday, July 21, 2011 - 10:43amStandard & Poor's reiterated on Thursday it sees a real risk that future U.S. government deficits may meaningfully miss discussed targets and that there is a 50-50 chance the U.S. AAA credit rating could be cut within three months, perhaps as soon as August.
Read More >> -
Monday, May 23, 2011 - 9:04am
News Summary for May 23, 2011
U.S. stock index futures look weak this morning while investors' digest all the bad news from the euro zone crisis. Political and fiscal troubles plague the European Union with debt in peripheral economies highlighting the biggest struggle. Highly watched Greece was downgraded by Fitch Ratings to B...
Read More >> -
Low Durable Goods Orders Not Affecting US Stock Futures
Friday, September 24, 2010 - 9:52amU.S. stock futures rose this morning (9/24) despite a bigger-than-expected drop in U.S. durable-goods orders as euro zone concerns eased up following an unexpected spike in German business sentiment, according to The Wall Street Journal. Dow Jones Industrial Average futures were +115 points at...
Read More >> -
Corporations Remain Tight-Fisted Despite Surplus Of Cash
Monday, September 20, 2010 - 10:45amUnprecedented levels of cash have been reported at corporate levels, as noted by Barron's . Howard Silverblatt, Standard & Poor's senior index analyst and statistical guru recently compared the sums to other money measures, found that, according to Barron's, "second-quarter cash and equivalents...
Read More >>
