At the beginning of the month, former House Majority Leader Eric Cantor took a lucrative new role at Moelis & Co., a New York-based investment bank. The move, announced the day after Labor Day, seemed hasty—only two weeks after Cantor’s resignation from Congress. Suggestions abounded that the hope was...
Thursday was ripe with worries on Wall Street, the result of which was a drop of 264 points on the Dow and the S&P 500 falling more than 1.5% by market close.
Early analysis held that the plummet was attributed to concerns over worsening relations between the United States and...
It’s out of the frying pan and into the fire for Wall Street today.
After limping away from the last days of September, stocks took another big hit today as the Dow fell over 240 points and the S&P dipped another 1.3%. As of 2:00 p.m. today, the losses on...
Last week, the Federal Reserve announced the end of the third leg of quantitative easing, or QE3.
QE3 lasted for over two years, with the Fed buying between $40 billion to $85 billion in mortgage-backed securities each month. This number was tapered to $25 billion in August.
The greatest ‘side effect’,...
Today, the American public is focused on the mid-term elections—and rightfully so. All 435 seats in the U.S. House of Representatives are up for grabs, as are one-third of Senate seats. In addition, 36 of 50 states will have their governorships determined Tuesday.
These elections will go a long way...
Internationally renowned political insider Dick Morris reacts to the Republican victory in the mid-term elections. Morris is now on the campaign trail fighting to prevent the Democrats from another presidential election victory.
Dick Morris will be speaking at Crash Proof Retirement Educational Events throughout the tri-state area and your opportunity...
This morning, the Senate will hold a hearing on the topic of regulatory capture—a term used to describe the often-observed tendency of government officials to become a little too close to the institutions they’re supposed to be regulating.
The impending case made yesterday’s announcement from the Federal Reserve all the...
Wall Street has plenty to be thankful for this Thanksgiving. Stocks continue to break records, even as the recent rally slows considerably. On Monday, the S&P 500 broke its all-time high for the 43rd time in 2014.
But Tuesday morning’s economic reports cast a cloud over the market. The good...
Monday was a rough day for U.S. markets, but it appears this morning as though that may be just the start of a disastrous week for equities.
Tuesday saw a global rout on stocks around the world, as the eight largest indexes in Europe all dropped at least 2 percent....
The continued fall of oil prices was the big story on the markets this week. It was Wall Street’s worst week of 2014, and the Dow’s worst week in three years, as it dropped 683 points!! Lower gasoline prices may be keeping more money in your pockets, but oil...
