Topic: Cumberland Advisors
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‘Fiscal cliff’: Will Wall Street light a fire under Congress?
So far at least, many on Wall Street seem to think that no matter what happens over the next few days with the fiscal cliff, Congress will still come through early in the new year.
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Moody's ratings cut for giant banks: a new weight on US economy
Moody's downgrade of the US banking system, following turmoil in Europe's banking sector, is a blow to reputation of banks but is not expected to tip the economy into recession.
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G8 summit: Euro crisis and possible 'Grexit' overshadow agenda
The G8 leaders hosted by Obama at Camp David have several global issues on their minds: Syria, nuclear proliferation, famine. But the eurozone debt crisis is once again the dominant concern.
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Gas prices high? Oil price survey points to more increases.
Gas prices could be headed higher as oil prices are set to rise, a new survey finds. High gas prices could threaten recovery.
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Stocks plunge on fears of a 'full-blown recession'
Stocks fell sharply on a variety of factors – from a pessimistic Federal Reserve to reports that Europe might be headed for a recession. But falling stocks don't guarantee a recession is coming.
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Global markets drop sharply on US, Europe outlook
Global markets reflect worry about rising interest rates for eurozone's weakest nations and possibility of a US recession. Among global markets to tumble most: Germany, down 5.3 percent and France, down 4.7 percent.
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Why the stock market took a pounding Thursday
The Dow Jones Industrial Average shed 419.63 points to close at 10,990.58. News from Europe and unfavorable economic reports in the US appear to be factors.
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Wall Street, wary but expectant, awaits debt ceiling deal from D.C.
The markets are counting on Washington to raise national debt ceiling by Aug. 2, but that's not all. Wall Street also expects a deal that cuts the size of US budget deficit. How much is it looking for?
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How exposed is US economy to the Greece debt crisis?
Because of concerns about Greece, the US stock market has fallen about 7 percent, dropping for six weeks. Although it broke the losing streak last week, there is still uncertainty among investors.
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Why Egypt protests unnerved the stock market today
The stock market today fell by 166 points, with investors worried about shipping through the Suez Canal and the possibility that protests will spread through the Middle East.
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The New Economy
BP oil spill 2010: How much will it cost?The BP oil spill will cost an estimated $12.5 billion or more. BP announced Monday it will pay for all cleanup costs in the Gulf of Mexico.
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Goldman Sachs under fire: Is Wall Street cheering or cowering?
On Wall Street, Goldman Sachs is admired to a certain extent for its ability to generate profits. But the firm is also resented for a certain swagger.
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In surprise move, the Federal Reserve raises a key discount rate
Stocks in Europe and Asia fell overnight after the Federal Reserve moved to raise its 'discount rate' by a quarter point.
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Obama's federal budget: What's in it for cities?
President Obama's federal budget includes proposals to increase housing assistance and boost programs that help low-income Americans. That's good news for cities.
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What Wall Street wants from Obama in State of the Union
President Obama has responded to recent setbacks by striking a more populist tone, and his primary target has been Wall Street. Bankers are hoping he takes a more inclusive line in his State of the Union address Wednesday.
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Why debt at Dubai World is shaking world financial markets
As conglomerate Dubai World delays debt payments, most analysts look for Arab Monetary Fund to step in to avert a crisis in financial markets. That's not likely, though, until Sunday.
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Is 'Cash for Clunkers' stalling out?
Most people interested in trading in an old car – and getting a generous credit on the purchase of a new one – have apparently already rushed to participate in the program.
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US unveils new $800 billion plan to loosen credit
The money will go to unfreeze mortgage and consumer lending.
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Backlash to federal bailout grows among voters
Liberals and conservatives sign online petitions and complain to Congress. Some push alternative plans.
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As crisis deepens, Fed steps up role
The collapse of Bear Stearns sends the central bank scrambling to ease fears.
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Fed's bold $200 billion move
The central bank's unusual cash infusion aims to keep banks lending.
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Mortgage crisis fallout spreads to 'muni market'
Investors are wary of insurance guarantees for some bonds issued by cities to fund capital projects.
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Big lenders begin to find stable ground
Stronger financial institutions are purchasing weaker ones. Case in point: Bank of America has announced it will purchase Countrywide Financial.
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