It will be a shame when the day comes that Apple can’t put out good news every day. The market has become used to it. Apple (NASDAQ:AAPL) now has the 9th highest market cap of all companies traded on a US exchange at $173 billion, about the same at Procter & Gamble (NYSE:PG) and JPMorgan  ... Read more

I've long recommended just letting everyone write their tax checks directly to Wall Street management. Would save a mint in clerical expenses. Looks like we should start at JP Morgan. Morgan Stanley revealed today that it had set aside 72 percent of its second-quarter revenue for compensa ... Read more

As banks and credit unions stop accepting California IOUs, a market for the securities has sprung up on eBay and Craigslist. Not so fast... California Sets Terms on IOUs as Questions Arise . As California continues to issue "IOUs", more controversy is brewing over their use. On one side, ... Read more

Time for a little follow up on the SKF that ate Pittsburgh. So let's see, SKF traded 21,281,331 shares on Friday. With a close of $250.07, that translated to $10,640,665,500 worth of the Dow Jones financial index that changed hands. JPM makes up 8.65% of the index, so that translates into $920 ... Read more