Apr 20 How Should We Interpret the String of Positive Earnings Reports from U.S. Banks? Question: After three major banks – Citigroup, JP Morgan, and Goldman Sachs – announced better-than-expected earnings last week, Bank of America announced more than $4 billion in first-quarter profits today. How should we interpret this string of good earnings reports?… Continue reading
Apr 20 Bank of America Posts Better-Than-Expected Earnings By PBS News Hour Bank of America, the largest U.S. lender by assets, reported that its income in the first quarter of 2009 more than tripled to $4.2 billion. Continue reading
Mar 09 What Are the Benefits of the Stock Market? Question: How does having a stock market benefit the entire country? To the extent that IPOs represent a mechanism for gaining funds for projects that increase profits, it is very useful. But don’t stocks… Continue reading
Sep 21 Watch Los Angeles Times Resists Cost-cutting Measures The board of directors of the Tribune Co., the corporate parent of the Los Angeles Times, met Thursday to discuss cuts at the newspaper. But the editorial staff is fighting back. Media experts discuss the standoff. Continue watching