We’re moments away from testimony from Federal Reserve Chairman Ben Bernanke who will speak before the Senate Banking Committee any moment now. The market is getting crushed again today as Wall Street tries to get a grip on the financial sector. The Dow is down nearly 200 points and isRead more
News Flash: Bernanke Set to Speak
Tuesday's Earnings Watch
Why You Never Buy at the Open
It's Official: Anheuser-Busch Agrees to Merger
Anheuser-Busch (BUD, $67.50, up $1.00) said “yes” to InBev’s $52 billion takeover bid in a deal that will create the world’s largest beer maker. The new company will be called Anheuser-Busch InBev. Both companies’ boards have signed-off on the paperwork which InBev will finance. The deal equates to $70 aRead more
Financial Stocks Get Lift
Over the weekend, the Federal Reserve and the Treasury Department announced a plan to help hurting mortgage giants Fannie Mae (FNM, $10.25, down $2.95) and Freddie Mac (FRE, $7.75, down $0.25). I can name quite a few stocks, and we’ve witnessed them here in the blog, that have lost 70%-80%Read more
Market Falling, Can't Get Up
Breaking News: Dow Slips Below 11,000
Fannie and Freddie Spell T-I-M-B-E-R!
When there’s smoke that usually means fire and that was my theme for Fannie Mae (FNM, $7.39, down $5.81) and Freddie Mac (FRE, $4.23, down $3.77) yesterday. Today’s headline is courtesy of the deep sell-off that both stocks are experiencing this morning. This latest debacle stems from the growing concernsRead more
InBev Raises Offer for Anheuser-Busch
It looks like InBev and Anheuser-Busch (BUD, $65.73, up $4.52) have begun negotiations for a friendly merger after InBev reportedly has raised its offer from $65 to $70 a share. BUD had been a reluctant takeover target and rejected InBev’s original $46 billion bid. Today’s news comes after a heatedRead more