Wall Street Archives - Page 2 of 26 - Money Morning - Only the News You Can Profit From
Volcker Rule Means "Sleepless Nights Ahead for Bankers"
After two years of review and lengthy revisions, all five regulatory agencies unanimously passed the controversial Volcker Rule on Tuesday.
The 953-page new version of the Volcker Rule imposes a strict ban on proprietary trading (when banks use their own funds to make trades). In effect, it bans banks from trading for their own gain. Included in the revised version is new wording targeting the sort of risk taking that was responsible for last year's $6 billion trading loss at JPMorgan.To continue reading, please click here...
Why These Wall Street Criminals Will Never Be in Jail
Today's Washington will never bring charges against Wall Street criminals – criminal charges, that is.
Five years have passed since the peak of the subprime financial crisis, in which the nation's largest banks formulated sloppy loans that taxpayers ended up paying for. Wall Street's greed cost the United States nearly 9 million jobs (6% of the workforce), a 30% fall in housing prices, and a 50% dip in the stock market.
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How the Masters of the Financial Universe Use Derivatives for Fun and Profit
Jon Stewart just did a very funny piece on "The Daily Show" about a new derivatives dust-up that Bloomberg News broke.
Earlier this year, a big Wall Street firm bought a credit default swap on debt that a private company owed to a third party. So the firm was set up to make money if that company missed any payments.In fact, this "game" has gotten even more dangerous...
The Volcker Rule Surprises Wall Street – Thanks to JPMorgan
Federal regulators will vote tomorrow (Tuesday) on the Volcker Rule, and this latest draft includes stricter language than Wall Street had expected…
The Volcker Rule, proposed by former U.S. Federal Reserve Chair Paul Volcker, is a central provision of the 2010 Dodd-Frank Act reform law. It would stop banks that receive federally insured deposits from engaging in risky trading practices and force Wall Street banks to end or spin off proprietary trading operations. The goal is to prevent future taxpayer bailouts.close to clamping down on some of Wall Street's worst excesses...
The Highest Paid CEOs in America
Most chief executives of major corporations earn millions of dollars in base salary, but that's not all they get (just take a look at how the highest-paid CEOs in America make their money).
Total CEO compensation includes perquisites, bonuses, and stock options, among other things.
In fact, the great bulk of CEO compensation does not come from base salaries. Even the highest CEO base salaries fall under $10 million. It's all the other goodies that push total CEO compensation miles past $10 million.Is anyone really worth that kind of money?
Stock Market News Today: Why the Dow Soared 322 Points
The biggest stock market news today stemmed from the surging Dow Jones Industrial Average, wh ich climbed more than 300 points today.
All sectors were up today. The S&P 500 closed up about 2.18%, or 36.12 points, at 1,692.52, and the Do w ended up 2.18%, or 322.64 points, at 15,125.62.To continue reading, please click here...
The Government Shutdown's Long-Term Effects
The political temper tantrum known as the government shutdown is now a week old, the rhetoric is heating up, and there's no sign that the peace pipe will be smoked anytime soon.
While the politicians at the top of this heap continue to be rewarded with their government paychecks, more than 2.1 million government workers do not. Some 800,000 Uncle Sam employees were initially furloughed (although 350,000 from the Defense Department were just called back), and another 1.3 million will most likely see their paychecks delayed.To continue reading, please click here...
Biggest Stock Market News Today: Apple, BB&T, and GM
Stocks this week are off to a heavy start as investors await more speeches from nine U.S. Federal Reserve executives this week that could shed light on the timing of the quantitative easing (QE) taper. Three of those speeches are scheduled for today.
Comex gold prices are weighed this morning as the market hopes some of this week's comments from the Fed include insights into future monetary policy moves. Comex gold for December delivery is now trading at $1,324.76, down 0.37%.
In the week ahead in stock market news, the U.S. Congress and the Obama administration will continue to debate the U.S. budget and debt ceiling issues as investors will keep an eye on any new developments regarding Syria and U.S. action there.To continue reading, please click here...
The Greatest Criminal Enterprise in the World
From the Editor: Shah Gilani is one of the few people who can show you how it really is. In this case, he's going to show you the real reason the Fed chose not to taper. If you're overly idealistic, don't read this. It will only anger you. That, of course, is why Shah's naming names today…
Ben Bernanke is the don of the greatest criminal enterprise in the world.
And yesterday his made monsters, the Five Families, lined up to kiss his ring, again.
By not "tapering" or reducing the $85 billion a month ($45 billion in Treasuries and $40 billion in agency mortgage-backed securities) the Fed is buying from banks, the Fed is saying to its hit men, "We are family, and as long as Johnny Law is coming after you, we've got your back."Let's name names... and then I'll tell you the REAL reason the Fed didn't taper yesterday
How to Prepare for "The Mother of All Bubbles"
From the Editor: No fewer than 165 stocks on the major exchanges hit new 52-week highs yesterday, which is all the more reason to take notes today… Shah's been identifying bubbles for decades, ever since his hedge fund days. And now that he uncovers them for individual investors, his readers know firsthand that "bubble watching" is more than a wealth protection strategy.
They made 218% the last time Shah prepared them. And they made 371% and 455% the time before that. Those bubbles were little, too, compared to this one…
There are lots of reasons to be fully invested in the stock market. And that's why it's so important right now to keep an eye on all the bubbles.
They're everywhere. And we have plenty of reasons to fear any number of them bursting.