The following stories are from TheStreet, a leading provider of business news.
What al-Qaeda Has to Do With Debt Downgrade
BOSTON (TheStreet) -- With every day of market decline and economic pain, we need to face a terribly unpalatable question, and it's not whether Standard Poor's is credible or if the downgrades will send the economy into a tailspin (or, perhaps, if we are already in a tailspin). FULLSTORY
4 Reasons Why a Repeat of the 'Crash of 2008' Is Unlikely
The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.
NEW YORK (Bullion Bulls Canada) -- With many investors now having descended back to full-fledged panic mode, it is obviously the perfect time to explain why 2011 could never be another event like the "Crash of '08." In distinguishing 2011 from 2008, many of the distinctions involve the degree of collapse which is possible/probable. Thus, I am not rejecting the suggestion that we are on the brink of another "crash," but rather pointing out that the nature of any such crash would be remarkably different. FULLSTORY
Bank of America's Latest Day From Hell
NEW YORK (TheStreet) -- Bank of America(NYSE:BAC) shares plunged 20.07% Monday, as investor concerns continued to snowball amid a market selloff, a lawsuit from AIG(NYSE:AIG) and the sale of more than seven million shares by hedge fund Appaloosa Management. FULLSTORY
Making Money From Restaurant Reservations
BOSTON (TheStreet Ratings) -- OpenTable(OPEN) is scheduled to report quarterly earnings after the market close today, and analysts expect the online-reservations provider to cash in. FULL STORY
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