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Stories Tagged With Finance

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YES

NO

12 Pikks

Is Now the Time to Buy BP Stock?

Apparently we should all be buying BP stock right now. At least that's the recommendation of the people paid to know these things: financial analysts who follow the company. Of the 17 surveyed by Bloomberg this week, 12 recommended it as a "buy." Five said hold. None said sell. Of course, analysts rarely label a stock as a sell, and a hold is often construed as nearly the same. Still, seriously? Two days after the stock tanked 15 percent, erasing $30 billion of BP's market capitalization, and not one analyst thinks you should sell it?
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THRIVE

FAIL

5 Pikks

$1.5 Million In Series A Funding For Online Pawnshop

If a customer decides not to repay the pawn loan amount and any unpaid pawn service charges (“redeem” the loan) after the 180 loan period, the customer “forfeits” the property to Internet Pawn in full payment of any and all amounts owed to them. Internet Pawn will then sell the item.
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SHOCK

YAWN

4 Pikks

Federal Eye - Eye Opener: SEC porn investigation

A new investigation by watchdogs at the Securities and Exchange Commission finds that dozens of agency employees used government computers to look at explicit images in the last five years.
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1 comment (last by kapauldo)
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USEFUL

USELESS

4 Pikks

A primer on financial derivatives

A growing variety of derivatives are designed to meet different financial needs. In a "swap," the most common form of derivative, two parties agree to exchange flows of income from different investments to manage different risk exposures in their respective portfolios. One party in such a deal might want the potential of rising income from an investment with a floating interest rate, while the other might prefer the predictable payments ensured by a fixed interest rate. In this case, the sides agree to trade in what is known as a "plain vanilla swap."
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1 comment (last by randyc)
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FUNNY

SAD

8 Pikks

Most luxury cars are sold to poor people and other factoids

86% of all luxury vehicles are driven by people who are not millionaires. $16 what most millionaires pay for a haircut (including tip)
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1 comment (last by bowlofsoup)
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HOORAY!

BOO!

14 Pikks

Senate Rejects 15% Limit on Credit-Card Interest Rates

Despite complaints that banks and credit card companies are gouging customers by charging outrageous interest rates, the Senate on Wednesday easily turned back an effort to cap interest rates at 15 percent.
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14 comments (last by onionheadhat)
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APPROVE

OBJECT

12 Pikks

House Passes Credit Card Bill That Helps Consumers

Bill would restrict late fees and sudden interest rate changes. Riding a crest of populist anger, the House on Thursday approved a bill to restrict credit card practices and eliminate sudden increases in interest rates and late fees that have entangled millions of consumers. The legislation passed by a bipartisan vote of 357-70 following lobbying by President Barack Obama and members of his administration.
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8 comments (last by bowlofsoup)
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SURPRISING

NOT

12 Pikks

AIG Employees to Repay $50 Million in Bonuses

It had been a brutal week inside AIG Financial Products. News that the firm had doled out more than $165 million in retention payments over the past week had angered the country and sent lawmakers into fits of rage. American International Group's president, Edward M. Liddy, had asked that the unit's employees consider returning some, if not all, of the money. New York Attorney General Andrew M. Cuomo had subpoenaed AIG for a list of Financial Products employ
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FAIR

FOUL

13 Pikks

Jon Stewart ridicules CNBC's Cramer for pre-crash recommendations

The LA Times reports today that a full out media war is bubbling up between Comedy Central's Jon Stewart and CNBC's Jim Cramer. Stewart is mocking Cramer for his recorded recommendations to buy Bear Stearns in the weeks and days leading up to it's tanking, and his repeated insistence that everything was fine while the market were crashing.
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2 comments (last by randyc)
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INTERESTING

BORING

3 Pikks

Recipe for Disaster: The Formula That Killed Wall Street

A year ago, it was hardly unthinkable that a math wizard like David X. Li might someday earn a Nobel Prize. After all, financial economists—even Wall Street quants—have received the Nobel in economics before, and Li's work on measuring risk has had more impact, more quickly, than previous Nobel Prize-winning contributions to the field.
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SMART

DUMB

15 Pikks

American Express offering cardholders $300 to get lost

There was a time when carrying an American Express card gave one a sense of elevated self-importance. So how do you suppose those customers feel today when the company offers them $300 if they will pay off their balance and get lost?
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THRIVE

FAIL

31 Pikks

Noca - cheaper paypal competitor that only uses checking accounts

Noca, an online payments start-up we wrote about last year, is launching its official payment service today. Formed by ex-Visa employees, Noca originally offered a micro-payments system via two Facebook applications, OneClickPay and HelpYourWorld. The company is now offering payment services for unlimited amounts. Currently, Noca has two clients; digital content provider Klatcher.com and a local little league site. The advantage of Noca’s system is that it allows online merchants to bypass high transactional fees (usually 2-3 percent plus $0.30) imposed by credit card companies on consumer purchases.
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10 comments (last by kapauldo)
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