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Bank of America

Tax day: Oil prices celebrate by moving higher again

WASHINGTON, April 15, 2015 – That weeping and gnashing of teeth you hear in the background—accompanied by shattered pencils and smashed computer keyboards—is the sound of millions of frustrated American taxpayers rushing to finish their returns and mail them in (or file them electronically) before tonight’s annual midnight IRS filing deadline. The Maven never worries ...

Post-Alibaba, stocks down hard today as bears return

WASHINGTON, September 23, 2014 – It’s another typical Blue Monday on Wall Street today, as traders attempt to recover from twin weekend hangovers caused by a trifecta of allegedly bullish news late last week. The Fed announced, more or less, that it wasn’t going to raise interest rates anytime soon. Scotland decided to remain in ...

Cisco [CSCO] cans 6,000, bad news good, stocks up for now

WASHINGTON, August 14, 2014 – Stocks were up sharply after this morning’s opening bell on Wall Street, but they’ve backed off to a little better than flatlining this morning with major averages up only about half a percent or so. Jobless claims were “unexpectedly” higher (no surprise to any millennial who’s been trying to get ...

Shocker: Kinder Morgan [KMI] mega-merger rocks MLP universe

WASHINGTON, August 11, 2014 – Investors awoke this morning to a startling bit of news. The Kinder Morgan master limited partner (MLP) juggernaut has announced a mega-merger of its various entities. Mothership Kinder Morgan Inc. (KMI) will, in effect, “eat its own” as Forbes online prefers to head the event. By year’s end, KMI will ...