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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: financial markets

financial markets stories: 56 news summaries

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OPINION

Here Comes
Era of Activist Government

It's necessary, and McCain is better suited for the job: Brooks

Jul 18, 08 10:17 AM CDT
(Newser) - With daunting issues demanding immediate action—energy, the markets, and crumbling infrastructure to name but a few—the US is about to enter a phase of "government activism," writes David Brooks in the New York Times. Bad news for John McCain, right? Maybe not. As past periods of... More »

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health care • energy • John McCain • politics • financial markets • infrastructure • change • Teddy Roosevelt • conservatives • Benjamin Disraeli

 World Markets
 Tumble, Dollar
 Hits New Low 

Euro hits $1.60 as banks lead declines

Jul 15, 08 7:32 AM CDT
(Newser) - World stocks hit their lowest level since 2006 today as credit-market losses and weakening consumer confidence sent shares falling, reports Bloomberg. The big banks, from UBS in Europe to Cathay in Asia, led declines. The MSCI World Index, Morgan Stanley's indicator of global finance, has now slid into bear market... More »

MORE ABOUT:
financial markets • pound • euro • yen • Asian markets • European markets • US dollar • weak dollar • financial crisis

Fed Feared 'Contagion'
If Bear Failed

Bernanke and crew
felt they had to act,
minutes show

Jun 27, 08 1:30 PM CDT
(Newser) - If the Fed hadn't taken the unprecedented step of helping bail out Bear Stearns, a sweeping "contagion" would have doomed the markets, its members say. In newly released minutes from its March 16 meeting, the Fed reasons that the “prominent position of Bear Stearns” left it no choice... More »

MORE ABOUT:
Ben Bernanke • Federal Reserve • Bear Stearns • financial markets • financial crisis

MARKETS

 Citi's Blahs Make Little Dent 

Drop in oil prices help stocks finish slightly higher

Jun 19, 08 3:38 PM CDT
(Newser) - Stocks posted moderate gains today as oil futures dropped below $135 per barrel on news of China's move to raise prices by trimming subsidies, MarketWatch reports. With traders little moved by warnings of further writedowns ahead for Citigroup, the Dow closed up 34.03, at 12,063.09. The Nasdaq... More »

MORE ABOUT:
Citigroup • Dow Jones • Bear Stearns • financial markets • Nasdaq • credit crisis • oil price • S&P 500

Industry Shakeout
Clips Hedge Funds

It's a fund-eat-fund world as companies mature, face crunch

Jun 17, 08 3:22 AM CDT
(Newser) - A massive shakeout is transforming the world of hedge funds, the Wall Street Journal reports. Tougher market conditions mean smaller funds are merging or closing their doors, and new ones are facing difficulty getting started. The business, which mushroomed from a few hundred firms to 8,000 over a decade,... More »

MORE ABOUT:
asset management • capital • financial markets • hedge fund • investment • capital markets

'Monster' Markets Brought World to Edge: German Prez

Köhler, former head of IMF, rips lust for profit, calls for tightened regulaion

May 15, 08 8:15 PM CDT
(Newser) - Germany's president, a former head of the International Monetary Fund, blasted the system of financial markets responsible for the global credit crisis as a “monster," Der Speigel reports today. Horst Köhler said the world “came close to a collapse of the global financial markets" as the... More »

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Germany • financial markets • derivatives market • credit crisis • investment banks • credit market chaos • Horst Kohler • financial crisis

 Treasury Wants
 Mega-Fed to
 Monitor Markets 

Plan would merge agencies, allow Fed to swoop in on threats

Mar 28, 08 10:14 PM CDT
(Newser) - The Treasury wants a newly empowered Federal Reserve to monitor market stability and swoop in on institutions that threaten it, the New York Times reports. If approved by lawmakers, the Treasury plan would merge a jumble of regulatory agencies and combine the SEC with the Commodity Futures Trading Commission. But... More »

MORE ABOUT:
Wall Street • Federal Reserve • Henry Paulson • SEC • financial markets • regulations

 Why Close the Markets Today? 

Observing Good Friday one reason; superstition about 1907 panic another

Mar 21, 08 3:10 PM CDT
(Newser) - The Big Board is closed today—but the reason is open to some debate, Bloomberg reports. The last time the markets opened on Good Friday was 101 years ago, when they saw one of two huge crashes that made up the Panic of 1907. Fear of repeating that catastrophe may... More »

MORE ABOUT:
New York Stock Exchange • Dow Jones • financial markets • Nasdaq • superstition • S&P 500 • Good Friday • Panic of 1907

Goldman Sachs Switches Forecasters

'Belle of the bull market' Cohen has more pessimistic successor

Mar 18, 08 6:39 AM CDT
(Newser) - Goldman Sachs has replaced its famously bullish chief forecaster, Abby Joseph Cohen,  with a less upbeat analyst, Bloomberg reports. Cohen will remain as senior investment strategist, handing over the daily predictions to David Kostin. Kostin sees a decline for the S&P 500 to 1160 in the short run,... More »

MORE ABOUT:
Goldman Sachs • financial markets • recession • markets • bear market • bull market • Standard and Poor

Will Lehman Be the Crunch's Next Victim?

Shaky confidence means its biggest fear may be fear itself

Mar 18, 08 4:52 AM CDT
(Newser) - After a collapse of confidence sank Bear Stearns last week, some traders are betting that Lehman Brothers will be the next victim of the credit crunch. Its stock went on a rollercoaster ride yesterday—plunging 40% at one point and closing down 19%, the biggest fall since the firm went... More »

MORE ABOUT:
Wall Street • Bear Stearns • financial markets • Lehman Brothers • brokerage • subprime crisis • financial crisis

OPINION

Did Fed Freak With Emergency Rate Cut?

Decision smacks
of panic—and worse trouble yet to come

Jan 23, 08 10:13 AM CST
(Newser) - Yesterday's steep interest rate cut—just a week ahead of a scheduled policy meeting—made the staid Federal Reserve come across as spooked and jumpy, leaving many to wonder if the Fed knows of worse news to come, Reuters' Ros Krasny writes. The surprise .75-point cut "is a declaration... More »

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Ben Bernanke • Federal Reserve • financial markets • recession • Asian markets • European markets • interest rate cut

Stocks Dive on Citigroup News

Only energy stocks advance, with oil briefly hitting $86 a barrel

Oct 15, 07 3:40 PM CDT
(Newser) - Stocks fell more than they had in over a month today after Citigroup reported a 57% third-quarter loss. Of the S&P's 10 industry groups, only energy advanced, with oil closing at a record $86.13 a barrel. The Dow lost 108.28 to close at 13,984.80, the... More »

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stock market • Citigroup • financial markets • oil price

Windy City Finance Biz Lures New Yorkers

Hedge fund says prices, lifestyle win converts

Sep 23, 07 2:51 PM CDT
(Newser) - If a Chicago-based hedge fund goes public, can it relocate East Coast talent to the Windy City? Citadel Investment Group, which is signaling interest in an IPO, says many New Yorkers fall in love with the city. Yet some still give it the cold shoulder:  "A lot of... More »

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Chicago • New York • financial markets • Citadel • Chicago Mercantile Exchange • hedge fund • financial services

Market Rallies on Corporate Gains, Labor News

GM, McDonald's bolster stocks

Sep 13, 07 4:12 PM CDT
(Newser) - US stocks rallied today, with blue chips and Countrywide Financial at the helm. A General Motors' analyst upgrade and  a higher-than-anticipated dividend at McDonald's helped drive the Dow up 133.23 points, to 13,424.88. Countrywide rose 14% on news that the battered lender has lined up $12 billion... More »

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General Motors • labor • stocks • financial markets • Countrywide • crude oil • job market

Dollar Plummets to 15-year Low

Job loss data fuels panic about US economy

Sep 8, 07 1:18 PM CDT
(Newser) - Panic over the state of the US economy pushed the dollar to a 15-year low against major currencies yesterday. The drop came on larger-than-expected July payroll declines, data one analyst called “simply horrific.” Many fear that the credit crunch will drive down consumer spending, igniting a recession. Investors... More »

MORE ABOUT:
currency exchange • financial markets • recession • US economy • euro • yen • US dollar

Dow Breaks 14,000 Barrier

Jul 19, 07 10:13 PM CDT
(Newser) - The stock market swept aside sub-prime anxieties today to surge past the 14,000 mark; the 82.19-point run-up was fueled by strong results from IBM and Exxon Mobil. It was the 32nd record close for the Dow Jones Index this year, and—with just 58 trading days since the... More »

MORE ABOUT:
New York Stock Exchange • investors • Dow Jones • financial markets • stock exchange

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