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SATURDAY, NOVEMBER 7, 2009
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NEWS ABOUT: financial markets

financial markets stories: 56 news summaries

1 - 20 of 56 Stories | 1 2 3 Next >>

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 US Woes Send 
 Asian Stocks 
 Tumbling 

Nikkei, Hang Seng have their worst day in weeks

Jun 23, 09 5:43 AM CDT
(Newser) - Stocks in Asia tumbled to their worst finish in weeks, reports the Wall Street Journal, as continued fears about the US economy led to a sell-off of resource companies and exporters. The Nikkei in Tokyo and the Hang Seng in Hong Kong both closed down about 3%, echoing a... More »

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financial markets • Nikkei • Hang Seng • Asian markets • Asian stocks

MARKETS

 Bond Sales Drive Dow Up 32 


Jun 11, 09 3:16 PM CDT
(Newser) - Markets were up today on a successful sale of 30-year Treasury notes and other indicators of economic recovery, the Wall Street Journal reports. Bank of America saw a 9% upswing after its CEO testified on Capitol Hill. The Dow gained 31.90 to 8,770.92. The S&P rose... More »

MORE ABOUT:
stock market • NASDAQ • New York Stock Exchange • Dow Jones • financial markets • recession • Treasury Department • S&P 500 • Treasury note • economic recovery

MARKETS

 Banks Rally Late; Dow Up 1 


Jun 8, 09 3:10 PM CDT
(Newser) - The market was level today as financials awaited notice of which companies would be allowed to pay back TARP funds, the Wall Street Journal reports. The good news contrasted with a drop-off in commodities and a poor performance by Apple, which announced new iPhones, laptops, and operating systems. The Dow... More »

MORE ABOUT:
stock market • NASDAQ • iPhone • New York Stock Exchange • Dow Jones • Apple • financial markets • S&P 500 • TARP

(Newser) - The Obama administration is finalizing a legislative proposal that would strengthen the reach of financial regulatory agencies, the New York Times reports. The plan wouldn’t likely consolidate the four major bank regulators, which could meet with fierce opposition in Congress. “I don’t mind overlap as much as... More »

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Federal Reserve • financial markets • Chris Dodd • Treasury Department • Barney Frank • bank regulation • Obama administration • President Obama

(Newser) - Jon Stewart, take note: Jim Cramer is not that bad at picking stocks, the New York Times reports. A study of Cramer’s televised market advice shows that the former hedge fund manager beat the market in 2005-07. The raw numbers from the fictional “Cramer portfolio” outperformed the S&... More »

MORE ABOUT:
stock market • study • financial markets • recession • Jon Stewart • Jim Cramer • predictions

MARKETS

 Drugs, Oil Push Dow Up 50 


May 12, 09 3:15 PM CDT
(Newser) - Financials dipped today as firms continued stock sell-offs to finance TARP repayments, but strong performance by drug and energy companies stabilized the market, the Wall Street Journal reports. Merck and Pfizer were up as much as 2% and 6%, respectively; oil got a boost from $60 barrels. The Dow was... More »

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NASDAQ • Merck • New York Stock Exchange • Dow Jones • General Motors • Pfizer • financial markets • S&P 500 • oil prices • Jay-ZTV

(Newser) - The business world’s dependence on its own form of gambling—the “expectations,” or stock market—helped fuel the current financial crisis and the dot-com crash, writes Roger Martin in the Financial Times. “Neither would have happened if our business and capital markets theories had been as... More »

MORE ABOUT:
NFL • executive compensation • shareholders • financial markets • stock options • financial crisis • Jay-ZTV

OPINION

 This Rally May Be the Real Deal 

Positive indicators, better policy, historical benchmarks; the time is right for a bottom

Mar 26, 09 9:07 AM CDT
(Newser) - The tentative rally on Wall Street is reason enough for one economist to feel hopeful: "I’m ready to take another shot at calling the bottom," writes Michael Mandel in BusinessWeek. Since (apparently) bottoming out March 9, stocks have risen 20%, and the reasons behind the climb... More »

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stock market • Federal Reserve • durable goods • economic indicators • US-China trade deficit • financial markets • trade deficit • unemployment • Treasury Department • financial crisis

MARKETS

 Dow Drops 86 on Financials   


Mar 19, 09 3:23 PM CDT
(Newser) - Financial stocks led declines today as the boost from the Fed’s announcement of new plans to lower lending costs faded, the Wall Street Journal reports. Citigroup and Bank of America shares both fell at least 10%, giving back recent gains. Crude oil rallied to $50.80 a barrel, the... More »

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stock market • NASDAQ • financial markets • Dow • S&P 500

glossies

 'Viking Bankers' 
 Pillaged Iceland 

How Iceland went from fishing to finance to ruin

Mar 5, 09 2:48 AM CST
(Newser) - The bankers who ruined Iceland’s economy possessed the mentality of its fishermen—daring, aggressive, and devoted to the “lucky catch," Michael Lewis writes in Vanity Fair. It's no surprise—after all, they were the sons of fishermen whose massive profits helped modernize Iceland in the 1970s.... More »

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insurance • financial markets • fishing • Iceland • foreign currency • speculation • financial meltdown

OPINION

US Risks 'Lost Decade' With Zombie Banks

Japan's mistake of liquidity vs. solvency being repeated: Baker

Mar 2, 09 2:52 PM CST
(Newser) - Japan’s economic troubles in the 1990s—the so-called “lost decade”—provides a cautionary tale for America’s current problems, writes James Baker, a Reagan Treasury Secretary, in the Financial Times. Japan used piecemeal bailouts and implicit guarantees to insolvent banks rather than swift action. So the “... More »

MORE ABOUT:
finance • financial markets • credit crisis • FDIC • James Baker • financial crisis • recession depression

 Jittery Investors 
 Seek Direction From 
 Feng Shui Gurus 

In Asia, when a feng shui master talks, people listen

Feb 9, 09 3:07 AM CST
(Newser) - Hong Kong investors are invoking feng shui—the ancient Chinese art associated in the Western mind with interior decorating—to guide their depleted portfolios, the Wall Street Journal reports. Two inauspicious lunar eclipses have already predicted a grim year, and masters are warning investors to beware of the land of... More »

MORE ABOUT:
Barack Obama • investors • Hong Kong • spirituality • financial markets • financial crisis • President Obama • feng shui • Year of the Ox

ANALYSIS

 Battered Markets
 Crawl Into 2009 

2008 finishes as the worst year for the Dow since 1931

Jan 1, 09 9:22 AM CST
(Newser) - Weary relief that 2008 was finally over greeted the final bell at the New York Stock Exchange yesterday, but shaken investors worry about what 2009 holds, the New York Times reports. The final tally confirmed that the year was the worst for stockholders since the Great Depression. Stock plunges across... More »

MORE ABOUT:
stock market • Wall Street • New York Stock Exchange • stocks • financial markets • investment • financial crisis

OPINION

 Cramer Shares 
 'Obama Portfolio' 

Guru picks hot stocks for 2009

Dec 1, 08 12:47 PM CST
(Newser) - America isn’t out of the economic woods, but savvy investors should drop some kindling on their investment fires, James Cramer writes in New York. “Obama’s swift transition and desire to spend trillions to get us moving could prove that happier days will eventually beckon, at least for... More »

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investing • stock market • investments • financial markets • stock • James Cramer • Mad Money • financial stocks

Firms Wary of Treasury's Stalled Toxic-Asset Bailout

As Treasury shifts gears from assets to equity stakes, firms shy away

Nov 7, 08 10:22 AM CST
(Newser) - A survey of more than 400 financial institutions found a large percentage are reluctant to participate in the $700 billion bailout program because of confusion, the Wall Street Journal reports. As Treasury hastily shifted gears from the original plan to buy toxic debt to taking equity positions in banks, more... More »

MORE ABOUT:
asset management • financial markets • Treasury Department • mortgage backed securities • bailout • financial crisis

Hedge Fund Selloffs Behind Swooning Dow

Investors cashing out
in record numbers to meet obligations

Nov 7, 08 9:25 AM CST
(Newser) - Hedge funds are increasingly to blame for the swooning Dow, the Wall Street Journal reports, as demands from investors to withdraw funds have sparked a securities selling frenzy in recent days. The rush to withdraw comes as investors—endowments and  pension funds as well as wealthy individuals—see other investments... More »

MORE ABOUT:
Carl Icahn • financial markets • securities • Citadel Investment Group • hedge funds • financial crisis

As Investors Seek Cover, Central Banks Slash Rates

Seeking to loosen credit, central banks plan another round of cuts

Oct 28, 08 10:30 AM CDT
(Newser) - Central banks worldwide are slashing interest rates, attempting to stem the bleeding in financial markets as investors dump holdings, credit remains tight, and currencies spasm in value, the Washington Post reports. The Federal Reserve is set to cut rates for the second time in as many weeks tomorrow, while the... More »

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currency exchange • financial markets • yen • credit crisis • economic stimulus package • interest rate cut • financial crisis • financial meltdown

Asia, Europe Want Financial Reform Now

Beijing steps up as leaders craft plans to manage economies

Oct 25, 08 6:15 PM CDT
(Newser) - Asian and European world leaders joined forces today to call for stricter regulation of world financial markets and a shakeup of the monetary system, the Washington Post reports. The declarations marked the close of a 2-day summit in Beijing attended by more than 40 heads of state. Bailouts in the... More »

MORE ABOUT:
China • Europe • Nicolas Sarkozy • Asia • financial markets • IMF • Wen Jiabao • regulation • George W. Bush

OPINION

Buffett: I'm Buying American. You Should Be, Too.

When fear is rampant, the markets discount America's future

Oct 17, 08 9:32 AM CDT
(Newser) - “I’ve been buying American stocks,” Warren Buffett writes in the New York Times, and he'd like to see a stampede of others following suit. Sure, the financial system is a mess, global economies are faltering, unemployment is rising, and headlines will continue to terrorize markets. But markets... More »

MORE ABOUT:
investing • Warren Buffett • stocks • America • financial markets • Oracle of Omaha • financial crisis

(AP) - President Bush this morning confirmed the government's $250 billion plan to buy shares in banks, in the latest move to calm the turmoil in the financial markets and stave off a deep recession. Speaking from the Rose Garden after an early-morning meeting with economic advisers, Bush said the move will... More »

MORE ABOUT:
Henry Paulson • financial markets • bailout • George W. Bush • financial crisis • Wall Street bailout • financial meltdown

1 - 20 of 56 Stories | 1 2 3 Next >>


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