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After an awful week on Wall Street last week, this one has been pretty good(so far) and been fueled by news from Citi that it operated at a profit for the first quarter and other news out of Washington about federal money headed to financial …

The head of the SEC, Mary Schapiro, said that next week the SEC will propose a reinstatement of the “uptick” rule.
The uptick rule was eliminated by the SEC in 2007. It required short sellers to sell their shares at a price above a stock’s most …

One day after the UK Financial Services Authority pulled a similar stunt, the SEC temporarily banned the short selling of almost 800 financial stocks. According to the ban, on October 3rd short selling can resume.
With the news on Friday, financial stocks rallied.
Here’s the list …

According to IMF director general Dominique Strauss-Kahn, more major financial institutions may be in trouble in the coming months. He said he also believes the world economy will recover in the next year.
Many are worried about the federal bail out of AIG. …

Citigroup posted a $2.5 Billion dollar loss for the second quarter. In my opinion, that?s not good at all. That would be called a disaster. However, this loss was less than expected, so it’s good? Yea, I’m confused. This was their 3rd loss in a …