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• Facebook Shares Rise After Sluggish Performance Since IPO
  Facebook shares climbed Wednesday in early trading after its long-awaited initial public offering was followed by a two-day slide in stock price.
• Roger Altman: Roiling Markets May Force Lawmakers to Avert ‘Fiscal Cliff’
  Wall Street could force Washington to address a pending fiscal nightmare, says Roger Altman, chairman at Evercore Partners and former Deputy Treasury Secretary. At the end of the year, tax breaks are set to expire while automatic spending cuts are set to kick in, a...
• Facebook Selloff Almost Snowballed Into Run on Stock
  The Facebook selloff just after the company's initial public offering came dangerously close to escalating in a run on the stock, traders say.
• Martin Sieff: Obama Is a 'C-Minus President, at Best' as US in Shambles
  President Barack Obama is barely passing when it comes to managing the economy and ensuring the country remains competitive in global trade arenas, says Martin Sieff, author and chief global analyst at The Globalist research center. Like those before him, Obama is not doing...
• S&P’s Stovall: Stock Market ‘Ready for Bounce’
  Various factors indicate that stocks are “ready for a bounce” and that declines will be contained, says Sam Stovall, chief equity strategist at S&P Capital IQ.
• Global Economic Group: Americans are Wealthiest but Not Happiest
  Money can't buy happiness, researchers at a Paris-based economic think tank have concluded.
• Majority Of Unemployed Attended College
  Disputing the widely held belief that having a college education will reduce the likelihood of unemployment is the fact that most of today's unemployed workers attended college.
• MarketWatch's Paul Farrell: Facebook Fiasco Could Destroy US Economy
  MarketWatch's Paul Farrell is worried that American investors are blowing a newer, bigger bubble: a Black Swan by the name of Facebook that truly can bring down the economy, bigger than 2000 and 2008 combined.
• Regulators, Investors Turn Up Heat Over Facebook IPO
  Facebook Inc. s initial public offering is getting less friendly with each passing day. Investors and regulators raised new concerns about the $16 billion IPO as Facebook shares fell a second straight day, extending losses to 18 percent below the $38 offer price.Morgan...
• Morgan Stanley: Facebook IPO Followed the Rules
  Morgan Stanley defended its role in Facebook Inc.'s initial public offering after a Massachusetts regulator subpoenaed the bank over talks between an analyst and investors about the social media company's revenue outlook. Morgan Stanley followed the same procedures for the...
• Brokerage Watchdog: Morgan Stanley May Face Probe
  Morgan Stanley could face regulatory scrutiny over claims that an analyst shared negative news about Facebook Inc. with institutional investors before that firm's initial public offering last week, according to the head of the Financial Industry Regulatory Authority. If...
• Hulbert: Major Stock Indicators Point to More Gains
  With the Standard & Poor's 500 Index having dropped 7 percent from its April high, some forecasters say the bull market is over. But investment guru Mark Hulbert doesn't agree. That's because only a minority of the indicators that have accompanied prior major stock market...
• Vanguard's Bogle: Facebook IPO a Classic Case of Greed
  Those who got burned in Facebook's initial public offering can blame their own greed for the mess they're in, says Vanguard founder and retired CEO Jack Bogle. Blame a willingness to invest in an overpriced fad of a stock, which plunged 11 percent the day after going public...
• Global Economic Group Fears Euro Crisis Will Snap Brittle Recovery
  The United States and Japan are leading a fragile developed world recovery that could be blown off course if Europe fails to contain the damage from its problem debtor states, the OECD said on Tuesday. It urged eurozone leaders to embrace all options for tackling the...
• Roubini: $600 Billion Hole Will Push US Into 'Nasty Recession'
  The number of fiscal expirations slated for 2013 will create a $600 billion hole that plunges the nation into a nasty recession, says New York University economist Nouriel Roubini. At the end of this year, tax cuts are set to expire while automatic spending cuts kick in,...
• SEC Probing JPMorgan's Financial Reporting
  The U.S. Securities and Exchange Commission will look into the "appropriateness and completeness" of JPMorgan Chase & Co's financial reporting, SE C Chairman Mary Schapiro told the Senate Banking Committee on Tuesday.
• SEC Chief: Facebook IPO Issues Should Be Reviewed
  The top securities regulator said on Tuesday that the problems surrounding Facebook's initial public offering should be reviewed, but those issues should not shake investor confidence in the markets. I think there is a lot of reason to have confidence in our markets and in...
• JPMorgan CEO Dimon: Botched Trade Will Be Forgotten in a Year
  The billion-dollar botched trade at JPMorgan Chase will be forgotten by year's end, says bank CEO Jamie Dimon.
• Robert Reich: Big Banks Need to Be Broken Up
  The United States needs to resurrect legislation that would break up large financial institutions by preventing investment banking and commercial banking from operating under one roof, says Robert Reich, former Labor Secretary under President Bill Clinton.
• Bove: Buy JPMorgan Shares, Rumors of Trouble Are a ‘Farce'
  Forget the $2 billion botched trade at JPMorgan. The bank is one of the best out there, with top management, and is a good buy right now, says Dick Bove, a banking analyst at Rochdale Securities.
• Rasmussen: Less Than Half of Americans See Home as Best Investment
  Less than half of Americans view buying a home as a family's best investment, a low for this year, a Rasmussen poll finds.
• FT: Secret Central Bank Aid Props Up Greek Banks
  Secret central bank aid is propping up Greece, The Financial Times reported.
• Facebook Flop Prompts Finger-Pointing Blame Game
  After one of the most anticipated initial public offerings in history, Facebook’s 11 percent drop Monday prompted investors to fault everything from Morgan Stanley’s role as lead underwriter, to the company’s greed and the Nasdaq Stock Market.
• David Murrin: Massive Stock Rally Coming Despite UK Turmoil
  Despite European turmoil that's not going to subside, a heady rally is coming as many stocks are oversold, says David Murrin, chief investment officer at alternative investment firm Emergent Asset Management,
• Study: Older Americans Are Quickly Getting Poorer
  The rate of poverty is rising among older Americans as they age — as is the number of people entering poverty — according to a new study from the Employee Benefit Research Institute.

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