New regulations to better control high-risk trading on Wall Street were ushered in on Tuesday by government regulators seeking ways to prevent future financial crisis caused by high-risk business practices. The rules are an expansion of the Dodd-Frank regulatory law and will give the government more control over the $700 trillion derivatives industry, a murky… Continue Reading
Mario Draghi is the head of the European Central Bank. With the debt and economic crisis looming dangerously over several crucial European nations, the power Draghi wields is formidable. One observer, Franklin Allen, professor of finance at the University of Pennsylvania’s Wharton School of Business had this to say about Mario Draghi: “In terms of… Continue Reading
The financial ministers of the euro zone’s largest economies will meet on Tuesday prior to the upcoming full-blown summit of the European Union to be held on Thursday. The financial ministers of Germany, France, Spain and Italy hope to come up with a plan to shrink their differences on how to deal with the present… Continue Reading
Warren Buffet, founder of Berkshire Hathaway, is one of the most successful investors today. His experience and wisdom are both something to emulate, and many of his quotes have inspired businesses and individuals in the past. “When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever” And: “Rule No.… Continue Reading
A new found sense of optimism has hit the international markets, after Spain sought assistance for its ailing banks. Asians stocks and the euro both saw an upsurge and China’s exports jumped in May from a year earlier. As analysts at Credit Agricole CIB in Hong Kong said, ‘‘Market sentiment has improved on the back… Continue Reading
The U.S. economy’s recovery has been disappointing thus far, and recent data has foreshadowed a potential slump as the global situation worsens. Payroll averages have fallen since last year, while the Labor Department’s recent report reveals additional instability. Macroeconomics Advisers’ Joel Prakken explained: “The sharpness of the deceleration seems consistent with other incoming data suggesting… Continue Reading
Today the unemployment rate is 8.1% down from 9.9% in November, 2009, but still not down to pre-recession unemployment figures. There are three job seekers for every one job available. Those who have been unemployed for lengthy periods are about to lose their unemployment benefits, about half a million losing their benefits sooner than they… Continue Reading
Mark Webber came in first at the Formula 1: Monaco Grand Prix this past week. After the race, he shared his immediate thoughts: “An incredible day; this place gives you such amazing memories. There were different parts of the race where I had to be incredibly focused and make sure we really capitalised on the… Continue Reading
While some analysts fear that Facebook’s “less than stellar” IPO performance might dissuade other similar companies from going public, at least not soon, others believe no real harm was done and tech companies and social networking companies should not be discouraged. "Whether Facebook is worth $95 billion or $100 billion, it's immaterial," said Jeremy Liew… Continue Reading
Tim Marlow of Bridford, a luxury car asset provider, recently shared some advice for car dealers in the industry. “Dealers are letting easy money walk out of the door by not offering to quote on finance when customers already have lenders in mind or are considering using in-house options,” he said. “When buyers look at… Continue Reading