The opposite of expectations.
The message from the Russell 2000 is clear: this is very different from the dips seen in the prior two years.
In the old days, this type of action may have been construed as insider trading. But in today’s lax regulatory environment, it’s commonplace.
The innumerable vehicle recalls this year haven’t hit the demand for new cars. But they’re wreaking havoc next door.
Larger, more traditional lenders see the profitability of the subprime market and are piling into it.
“Frankly disturbing” – Retail analyst Brian Sozzi.
By Abigail Field, Attorney, Benzinga: Congress is infamous for doing nothing, as people who have lost their unemployment benefits viscerally know. However, today the Senate Financial Services Committee started the process of enacting the “Expiring Provisions Improvement Reform and Efficiency (EXPIRE) Act.” This act addresses dozens of tax breaks that ended last year. If the…