Posts By: Mike DiMayo

Hurricane Matthew economic damage nears 6 billion

Hurricane Matthew is estimated to have economic damages in the arena of six billion dollars to residential and commercial properties.  This amount does not include related losses due to additional flooding, business interruption or contents.... read more...

Feds target big bank commodity lines

The Feds have a proposed rule that could drive banks out of the business of owning, trading, or moving commodities such as oil and aluminum by making the lines too expensive.  The proposal was designed... read more...

E-Cigarette maker files for bankruptcy

NJoy, one of the biggest manufacturers of e-cigarettes, filed for bankruptcy on September 16th.  They have $234.4 million of debt that they can’t pay.  Several high-powered investors have been affected by the loss. Click here... read more