-
Fintech Focus For October 16, 2020
Thursday, October 15, 2020 - 6:42pm | 2217Read More...Quote Of The Day: Cowboy innovation is worse than no innovation at all. - Alan Konevsky Fintech Movers: The shift toward touchless payments is dramatic, with 8x more earnings calls mentions vs. last year. - CB Insights Metromile eyes insurance transparency. Intel bought digital currency for 5...
-
Spain Slashes Growth Forecasts, Sees Widening Deficit
Friday, April 26, 2013 - 10:44am | 703Read More...Just as markets were gripping with , Spain has slashed its growth forecasts for 2013 and now expects a wider contraction in 2013. Also, Spain does not expect to meet the EU deficit targets for an additional two years under the current assumptions. For 2013, Spain revised down its growth forecast...
-
Benzinga Market Primer, Friday, December 28
Friday, December 28, 2012 - 8:29am | 774Read More...Futures Drop on Cliff Fears U.S. equity futures fell in early Friday trade as indications that leaders will return early were not enough to restore confidence that a deal can be reached to avoid the Fiscal Cliff. Now, it appears likely that a deal will be reached to push the tough decisions into...
-
Benzinga Market Primer, Thursday, December 27
Thursday, December 27, 2012 - 8:23am | 834Read More...Futures Flat on Debt Ceiling Fears U.S. equity futures were flat in early trading Thursday following a letter from Treasury Secretary Geithner to leaders stating that the debt ceiling would be breached on December 31 unless the Fiscal Cliff were to be avoided and the ceiling raised. Geithner has...
-
Benzinga Market Primer, Wednesday November 28
Wednesday, November 28, 2012 - 7:39am | 868Read More...Futures Drop on Fiscal Cliff Fears U.S. equity futures fell in pre-market trading as traders renewed fears over the fiscal cliff saw stocks skid Tuesday and futures continue to move lower overnight. Comments from Senate Majority Leader Harry Reid Tuesday that Congressional leaders were not...
-
PIIGS Nations: Not Just Good At Accumulating Debt, but Pretty Good at Soccer Too
Monday, June 11, 2012 - 3:42pm | 500Read More...As the UEFA European Championship, commonly known as Euro 2012, continues through the first matches of the group stage, an interesting pattern arises. Of all sixteen nations in the tournament, only three nations, the Czech Republic, Italy, and Ireland, have not defaulted since the year 1300....
-
UEFA Financial Fair Play Regulations: A Lesson for the European Debt Crisis
Thursday, May 31, 2012 - 12:57pm | 711Read More...Fans of European club football, governed by the United European Football Association (UEFA), know that football clubs have been struggling with debt and excess leverage. Just like other corporations, football clubs took advantage of cheap credit to fund their operations, either to build new...
-
Facebook's IPO Losses Could Have Bailed Out Bankia and Bought a Whole Lot of Gold
Tuesday, May 29, 2012 - 4:19pm | 454Read More...We all have seen Facebook (NASDAQ: FB) miraculously fall from grace and go from media darling to media devil in about as much time as it takes for high-frequency traders to make millions of trades, i.e. about a second. So, with all of the wealth (well, paper wealth for some) that has been...
-
More QE, More US Downgrades, More Pain in Spain
Tuesday, May 29, 2012 - 1:21pm | 651Read More...This morning, Egan-Jones Ratings slashed its rating of the Kingdom of Spain another two notches, after cutting it two notches last week, to a rating of B. For those who are unsure, Egan-Jones uses a similar scale to S&P and Fitch, so investment grade is above BBB- and sub-investment grade is BB...
