Bank of America, Citigroup and Wells Fargo received some not so good news late Tuesday as Moody's Investors Service lowered their outlook to negative because of a new law that will likely lower the possibility of government bailouts.
When Americans Stop Shopping, the World Suffers
With the U.S. consumer economy in the doldrums, the impact is being felt globally. From China to Germany and Canada to Japan, America's major trading partners are struggling to adapt to a sudden decline in U.S. imports.
Continue Reading | 39 CommentsMarket Update:
Stocks fall after drop in durable goods orders
Columns
Vitaminwater Label, Name Misleading, Judge Tells Coca-Cola
9:00 AM 07/28/10
Moody's Cuts Outlook for Several Big U.S. Banks
7:45 AM 07/28/10
An Investor's Best Approach to the Bull vs. Bear Battle
4:15 PM 07/27/10
A Key Bond Market Thaws, but It May Be Only Temporary
3:18 PM 07/27/10
Google Woos Zynga as War with Facebook Looms
12:00 AM 07/28/10
Harley-Davidson's New Line Revs Customers' Engines
7:30 PM 07/27/10
Richest Americans You've Never Heard Of
6:30 AM 07/28/10
Microsoft's Bill Gates, Berkshire Hathaway's Warren Buffett and Apple's Steve Jobs are all household names in addition to being among the wealthiest people in the country. But do you know Fred DeLuca, Peter Buck or Donald Hall? Probably not. Yet their products are likely an integral part of your daily life.
DailyFinance Wire
- James Altucher: Gold Is Just a Rock, Buy Stocks
- Corning Earnings Beat Predictions, But Shares Dip on Flat Outlook
- Vitaminwater Label, Name Misleading, Judge Tells Coca-Cola
- Mortgage Applications Fall 4.4% on Refinancing Decline
- CVS Posts Second-Quarter Earnings of 65 Cents Per Share
- WellPoint Earnings: Health Insurer Tops Estimates, Raises Guidance
- Sprint Earnings Beat Street on Subscriber Growth, Stock Soars
- Daily Blogwatch: The Only Gold Stock I'd Buy
- Durable Goods Orders Fell 1% in June
- Comcast Earnings Beat Estimates, Declares Quarterly Dividend
- Authorities to Investigate Companies Related to Gulf Oil Disaster
- Boeing Earnings Drop, Reaffirms Guidance
- Moody's Lowers Outlook on BofA, Citigroup, Wells Fargo
- Winn-Dixie to Close 30 Stores, Reduce Staff in Cost-Cutting Plan
- Inside Wall Street: Construction Giant Foster Wheeler Could Be Building a Rebound
- Impressive Earnings Send Asian Markets Higher
- BP Claims $9.9 Billion Tax Credit on Gulf Cleanup Costs
- Amazon's $189 Kindle Sells Out
- When Americans Stop Shopping, the World Suffers
- Richest Americans You've Never Heard Of
- Social Game On: Google Woos Zynga as War with Facebook Looms
- WSJ: Google Is Developing a Potential Facebook Rival
- Harley-Davidson's Modest New Line Still Gets Customers Fired Up
- Disney Buys Social Network Game Firm Playdom for $563.2 Million
- Legal Briefing: DBH CEO Allegedly Looted Company and Got 50 Cent
Newswire
- Telefonica to buy control of Brazil's Vivo
- Stocks fall after drop in durable goods orders
- Boeing 2Q profit falls; 747-8 may slip into 2011
- Orders for big-ticket goods fall 1 percent in June
- BP hopes to turn page with new CEO, leaner company
- Oil dips to near $77 after surprise US supply jump
- ConocoPhillips 2Q earns more than double
- CVS 2Q profit falls, announces deal with Aetna
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