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Citi bank as well as Bank of America’s stocks fell today because of fears about nationalization. However, is nationalization such a bad idea for these banks that have proven in the past that they can’t handle responsibility.
Yes, by now everyone knows (at least somewhat) …

Today when I was driving past the gas station I noticed that, once again, gas had gone up. This time from $1.86 to $1.89, however when it came time tonight to write today’s posts, oil had fallen. Now, I know to take my own advice …

When watching oil prices it is a struggle between the economic outlook and other external factors. Yesterday the violence between Israel and Hamas caused oil to jump because of fears of output and exporting problems, but today it fell because of a “grim economic outlook.”
With …

Best Buy has posted a 77 percent 3Q profit loss this year and it fears consumer spending will get worse.
As a precautionary measure, Best Buy has begun to offer employee buyouts for corporate employees and cut capital spending by 50%. In 2009, it also plans …

Stocks are up (so far) today due to Citi calming investors’ fears with a government bailout. The bailout will keep the huge financial company from going under.
Not only is the Dow up (right now) over 300 points, but Citigroup’s stock is also trading almost 52% …