Results for Mike Caggeso
Verisk and Santander Ignite Resurgent IPO Market
The global initial public offering (IPO) market is the hottest it’s been in two years, underscored by a pair of IPOs that this week alone raised nearly $10 billion.
In the United States, insurance risk manager Verisk Analytics Inc. pocketed $1.88 billion…
Boom, Bust and Rebuild: Bank of America and the Kenneth Lewis Legacy
There are many ways to view Kenneth Lewis’ eight-year reign as Bank of America Corp. (NYSE: BAC) chief executive, but two seem to hold the most landscape.
On one hand, the $130 billion he spent on acquisitions – FleetBoston Financial Corp.,…
Job Losses Push Mortgage Delinquencies and Foreclosures to New Records
By Mike Caggeso
Associate Editor
Money Morning
Mounting job losses have pushed mortgage delinquencies and foreclosures to new records in the first quarter.
According to the Mortgage Bankers Association (MBA), the U.S. delinquency rate increased to a seasonally adjusted 9.12%.…
Business Economists Predict Recession Will End in Third Quarter
By Mike Caggeso
Associate Editor
Money Morning
A detailed report from the National Association of Business Economics (NABE) says the U.S. economy will recover in the third quarter after a continued contraction in the second.
NABE said the near-term setback…
First Quarter Housing Prices Fall at Record Pace, Buyers Still on Sidelines
By Mike Caggeso
Associate Editor
Money Morning
Home prices continued their two-year decline in March, with prices down 18.7% for the month compared to last year, and a record 19.1% decline for the first quarter compared with the first quarter…
Gold Prices in Danger of Falling From Year’s High Point
By Mike Caggeso
Associate Editor
Money Morning
Gold prices are sitting near their highest point since March, and their fourth-highest price point ever, as a result of a global weariness of stimulus-induced inflation and a stock market pullback.
According to…
As India Inflation Nears 30-Year Low, Policymakers are Priming Third Stimulus
By Mike Caggeso
Associate Editor
Money Morning
India’s annual inflation clocked in at a shockingly low 0.61% in the week ended May 9, and 0.48% the week prior, opening a window for policymakers to resuscitate the economy without worrying about…
Treasury Selling as Much as $1 Trillion in Bank Assets With Fed and FDIC
By Mike Caggeso
Associate Editor
Money Morning
The U.S. Treasury Department’s is pressing the go button on its Public-Private Investment Program and re-expanding the $1 trillion Term Asset-Backed Securities Loan Facility (TALF).
Treasury Secretary Timothy Geithner said to the Senate Banking…
Looking For the Next Global Profit Play? Take a Look at These Emerging Market ETFs
By Mike Caggeso
Associate Editor
Money Morning
Like most investors, Harvard University’s billion-dollar endowment fund took a beating during the global financial crisis. Many investors cashed out, opting for the safety of the sidelines.
But Harvard called a new play.
During the…
U.S. Housing Starts and Permits Revisit Record Lows in April
By Mike Caggeso
Associate Editor
Money Morning
U.S. housing starts and permits unexpectedly plummeted to record lows in April, torpedoing hopes of a housing market recovery as well as hopes the overall economy is regaining traction.
Starts for privately owned homes…
Click here for audio and video featuring your favorite Money Morning contributors.
RSS