Category: Finance

Bank of America, the second-largest U.S. bank by assets, said Wednesday that its earnings slumped in the third quarter after it agreed to a settlement with the government over its sale of mortgage-backed securities. The Charlotte, North Carolina-based bank reported net income of $168 million for …

You can get a one-time use coupon code for $10 off a $100+ purchase at Costco.com if you visit SavingsTooBig.com and share the deal. I’d say the easiest option is Twitter as I didn’t even have to actually post the tweet to get the …

U.S. stocks are closing slightly lower, giving up an early gain. Tax preparer H&R Block slumped 6 percent after the company said that its attempt to sell a banking unit was getting bogged down. Hewlett-Packard …

LONDON (Reuters) – Warren Buffett, the billionaire chairman and chief executive of conglomerate Berkshire Hathaway, has cut his vehicle's stake in troubled British grocer Tesco to below 3 percent, according to a stock market notification. The filing, published on Thursday, said that on Oct. 13 Berkshire reduced its Tesco holding to "…

Google versus Facebook? Industry thought leaders in the search marketing space have long speculated about how Facebook can compete with Google in terms of its lucrative advertising business. Well, according to recent reports, Facebook could soon surpass Google in terms of its remarketing capabilities with the launch of its Facebook…

It's going to be another wild one! ; As you can see from Dave Fry's S&P chart, we dropped all the way to 1,820 on the S&P yesterday, before recovering just after 1pm on an report from Bloomberg that indicated: Federal Reserve Chair Janet Yellen voiced confidence in…

By Euan Rocha TORONTO (Reuters) – Sales of existing homes in Canada jumped in May from April driven by a sharp increase in listings and a deferred start to the spring buying season after a long winter, the Canadian Real Estate Association (CREA) said on Monday. The industry group for Canadian …

TIMEThe Incredible Shrinking Mutual Fund ManagerTIMEOver the past year, nearly 70{04524d497bea0ade6defd1388b5c9b25998d95475e2938b4fa9d615e63ad1540} of the new money invested in mutual and exchange-traded funds has gone into index portfolios, like Vanguard Total Stock Market Index, now the biggest fund in the world. Such funds aren't really managed at all. They don'…

Google reports earnings after the market closes at 4 pm, east coast time. We’ll be covering it live, so tune in! It’s been a busy quarter for Google. It announced that it’s working on drones, investing in an Amazon competitor, Google Express, and it just released a new smartphone, TV gadget, …

To further summarize the volatile week we just had, below is a look at the recent performance of various asset classes using our key ETF matrix, which covers US equity strategies and sectors, currencies, country ETFs, commodities, and fixed income. As shown, declines of 3-5{04524d497bea0ade6defd1388b5c9b25998d95475e2938b4fa9d615e63ad1540} were seen across the board …

If you were looking for a spike in bearish sentiment following the brutal action in stocks last week, you didn’t get it. As shown below, bulls remained in the majority in our weekend Bespoke Market Poll, coming in at 54{04524d497bea0ade6defd1388b5c9b25998d95475e2938b4fa9d615e63ad1540} versus bearish sentiment of 46{04524d497bea0ade6defd1388b5c9b25998d95475e2938b4fa9d615e63ad1540}:

Below is a look at the percentage of overbought versus oversold stocks in the S&P 500 over the last year. As shown, 63{04524d497bea0ade6defd1388b5c9b25998d95475e2938b4fa9d615e63ad1540} of stocks in the index enter today in oversold territory, which is the highest reading we’ve seen in a year. Just 10{04524d497bea0ade6defd1388b5c9b25998d95475e2938b4fa9d615e63ad1540} of S&P 500 stocks are …

European equity markets have gotten absolutely slaughtered recently. Interestingly, though, sovereign default risk for some of the countries that have seen their stocks fall hardest hasn’t ticked higher. Below are price charts for the major equity indices of France (CAC), Germany (DAX), Italy (FTSE MIB) and Spain (IBEX 35). Below …

The S&P 500 closed yesterday at nearly 3 standard deviations below its 50-day moving average. The late-day selloff that we saw was extreme to say the least. As shown below, the index has now clearly broken its uptrend channel, so the bulls certainly have work to do. That being said, …