Subprime Problems

John Prestbo’s Indexed Investor: Bull’s first year holds lessons for investors

Hansen — Tue, 09 Mar 2010 10:00:09 +0000

What a difference a year makes. I last wrote those words on Oct. 8, 2008, one year after the U.S. stock market peaked. This time, the occasion is happier.

Before the Bell: Payrolls data, Capital One, RCN in spotlight

Hansen — Sun, 07 Mar 2010 10:00:18 +0000

U.S. stock futures extended gains Friday after a report showing a 36,000 drop in nonfarm payrolls during February.

Capital One cut to neutral by Goldman Sachs

Hansen — Sun, 07 Mar 2010 10:00:18 +0000

LONDON (MarketWatch) — Capital One Financial was cut to neutral from buy at Goldman Sachs as the broker said it’s becoming more cautious because loan shrinkage is continuing, a new Fed late fee directive could reduce subprime revenue by 5% to 10% and February delinquencies may tick up. Discover Financial Services was kept at buy as the late fee impact is smaller and as they are growing on-card loan and network revenue.

Simon Constable: Stopping bubbles could destroy innovation

Hansen — Fri, 05 Mar 2010 10:00:13 +0000

Market bubbles might not be all bad, writes Simon Constable.

Sovereign-crisis trades spark regulatory backlash

Hansen — Fri, 05 Mar 2010 10:00:13 +0000

Trades used to bet on or hedge against sovereign-debt risks have triggered a swift backlash from regulators in the wake of a 9% swoon by the euro in recent months.

FSA chairman warns no quick-fix for regulation

Hansen — Wed, 03 Mar 2010 10:00:15 +0000

The U.K.’s top financial regulator warns law makers they won’t find a simple fix to the problems that caused the financial crisis.

Dodd, Shelby eye competing plans for mortgage regs

Hansen — Wed, 03 Mar 2010 10:00:15 +0000

Senate Banking Committee Chairman Christopher Dodd has dropped plans for a separate, stand-alone agency to protect consumers against credit-card and mortgage fraud in a bid to restart stalled reform legislation.

Market Snapshot: U.S. stocks edge higher, end month with gains

Hansen — Sat, 27 Feb 2010 10:00:13 +0000

U.S. stocks on Friday cap their best month since November with modest gains, lifted by some improvement in U.S. economic data, though worries about consumer spending and sovereign debt kept a lid on optimism.

US Stocks Edge Higher On GDP, Other Data; DJIA Up 22

Hansen — Sat, 27 Feb 2010 10:00:13 +0000

Stocks neared a quiet end to a volatile month, edging higher thanks to improved readings of gross domestic product and purchasing managers’ activity. As the end of trading for February neared, the Dow Jones Industrial Average was recently up 22 points, or 0.2%, at 10342.80, on pace to finish the month with a 2.7% gain.

US Stocks Ending Month On A Positive Note; DJIA Up 13

Hansen — Sat, 27 Feb 2010 10:00:13 +0000

Stocks crept higher as improved readings of gross domestic product and purchasing managers’ activity bolstered the market in February’s final trading session. The month has turned out to be a good one for investors despite rising concerns about sovereign debt and the pace of the global economic recovery.