Banking Put

Nicholas Perna is the economic adviser to Webster Financial Corp. and chief economist and managing director of the consulting firm Perna Associates. He is also a visiting lecturer at Yale University.

NEW YORK (TheStreet) -- Wall Street's confidence eroded post-haste on Wednesday as poor economic data again reared its head and Greece's not-so-sudden instability suddenly became problematic. The resulting...

NEW YORK (TheStreet) -- The market got a reprieve Monday from the rampant bearishness that's pervaded Wall Street for the past month as apparently salvation lies in still more shopping. The push vaulted...

NEW YORK (TheStreet) -- Stocks finally found a reason to rally on Thursday, seizing on a jump in exports and a narrower than expected deficit to muster up the buying power to break a six-day losing...

NEW YORK (TheStreet) -- Even with Tuesday's smart gains, May was an ugly month for stocks. The Dow Jones Industrial Average finished down 241 points, or 1.9%, in May, its worst monthly performance on...

Merck & Co., the world's second-biggest drugmaker by revenue, will focus on progress on its drug pipeline and cost cutting since its November 2009 acquisition of Schering-Plough Corp., when it reports...

→ Washington’s Blog The Financial Crisis Inquiry Commission is releasing its report Thursday. The New York Times has a preview of the report, which shows that the Commission will slam...