Bailout and Financial Crisis News

Sources tell Reuters that securities regulators might start investigating the expert networking business. These professional networkers make a living by connecting investors with industry experts who could potentially have and divulge inside information to them. The trouble with experts who get paid to advise traders is they may be tempted “to cross the line to provide inappropriate [...]

Diana Olick found some interesting stats on the it offered: * 1.76 million taxpayers have filed for this credit in 2008 and 2009 * $12.45 billion in credit has been claimed * It appears as though the share of the homebuyer market consisting of first-time buyers [...]

The CBO and the Congressional Joint Committee on Taxation have just released its scoring of “budgetary effects of the reconciliation proposal, in combination with the effects of H.R. 3590, the Patient Protection and Affordable Care Act (PPACA), as passed by the Senate”. The link to the document is here. The CBO/JCT estimated reduction in the [...]

Different strains of medical marijuana at Coffeeshop Blue Sky in Oakland, California. (Justin Sullivan/Getty Images) By Jacob Goldstein A Harvard economist has estimated how much money states would raise by legalizing and taxing marijuana and cocaine. In a podcast a while back, Harvard’s Jeffrey Miron told [...]

(Robyn Beck/AFP/Getty Images) By Jacob Goldstein Wal-Mart already has “MoneyCenters” in 1,000 of its U.S. stores, and the company said yesterday it plans to to add 400 more by the end of the year. The centers offer services like check cashing and bill pay [...]

Philip Elmer-Dewitt: Day 1 estimate: 120,000 iPads sold: "Apple has been able to generate over $75 million in revenue in one day on a product that 99.9% of purchasers haven't touched or for that matter, even seen in person," said Victor Castroll, an analyst with Valcent Financial Group. "And, we're still three weeks away. That is [...]

by Christopher Flavelle, ProPublica - March 17, 2010 8:03 am EDT The Obama administration has spent $317 billion of last February’s American Recovery and Reinvestment Act, according to the latest numbers from Recovery.gov. The funds include $198 billion in spending and an estimated $119 billion in tax cuts, and represent just over 40 percent of [...]

(This guest post previously appeared at the author’s blog) The Chinese new year has only just started, and already trade tensions are ratcheting up. This is perhaps appropriate — astrologers tell us that the year of the Tiger is often a year of instability and conflict — and I suspect things will almost certainly get worse. [...]

Dow: Up 43 points to 10,685. NASDAQ: Up 16 points to 2378. S&P 500: Up 9 points to 1159. Takeover stocks like Harley-Davidson (HOG), General Growth Properties (GGP), and Benihana Inc (BNHNA) are all soaring thanks to increased speculation and in GGP’s case, a higher bid from Simon Properties. HOG closed at $28.35, up 7%, GGP closed at $15.14, [...]

From the Fed: Information received since the Federal Open Market Committee met in January suggests that economic activity has continued to strengthen and that the labor market is stabilizing. Household spending is expanding at a moderate rate but remains constrained by high unemployment, modest income growth, lower housing wealth, and tight credit. Business spending on equipment [...]

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