The past quarter decade was a fun one for the American consumer. But after all that borrowing and spending consumers have re-discovered the benefits of thrift and prudence. This is good news for personal balance sheets but bad news for credit card companies.In a recent report Fitch Ratings forecast that US credit card issuers will continue suffering with respect to their earnings over the near term as a result of the lousy labor market bankruptcies and losses. The report as summarized here for us by the gang at Zacks Equity Research notes that major credit card issuers are still ...

U.S. financial stocks were posting their best performance in a week and a half late Monday, as the bellwether ETF tracking the sector rose more than 3%.

Shares of the following companies are making noteworthy moves in the U.S. stock market Friday: Avanir, I-Flow, Acorda and VeriChip.

J.P. Morgan analysts raise their third-quarter estimates on Capital One ahead of the credit-card firm’s financial report, saying they expect the company to post a quarterly profit for the first time in a year.

Money never sleeps they say but it certainly slumbers. Hit with a loss of energy stocks slipped a second successive session as sellers reclined in a La-Z-Boy (LZB) (-14.26%) before jumping into Bed Bath and Beyond (BBBY) (-3.25%). Apparently even Gordon Gekko last seen in need of arrest now requires a rest especially as today he is officially old. Alas even stuffing money into mattresses ain’t fail safe since Simmons’ night time reading is about to include an eleventh chapter.Meanwhile eyes were mostly moist in Steel City and not solely due to tear gas after Pittsburgh’s pride Alcoa (AA) ...

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NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by WallStSense.com

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A Cause for Concern for Retailers: Nearly 63% of Consumers Anticipate Spending Less Than Last Year on Holiday Gifts