Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

NEWS ABOUT: markets

Speculation on New Fed Rate Cut Tempers Losses

Stocks dip early, then tick closer to even ahead of mid-afternoon announcement

(Newser) - Stocks swung upward after big opening losses today, the Wall Street Journal reports, helped by speculation that the Federal Reserve might step in to help AIG and cut interest rates. The Dow, down 155 early, was just barely negative before noon, with a similar pattern from other indices. “We're... More »

AIG Credit Rating Cut Triggers Mad Dash for Cash

Feds in emergency talks with investment banks to avert another crisis

(Newser) - Insurance giant AIG teetered on the brink of catastrophe last night as ratings agencies downgraded the beleaguered firm's credit ratings, forcing it to raise $14.5 billion to meet debt obligations, reports the Wall Street Journal. Federal Reserve officials were holding emergency talks with Goldman Sachs and JPMorgan Chase in... More »

After Big Drop, Stocks Hold

Dow takes 300-point tumble early, but market remaining stable

(Newser) - Stocks have taken a beating today, with the Dow off more than 300 points early, the Wall Street Journal reports, but there’s been a noticeable lack of panic among traders. If the current loss holds steady, it will represent just the sixth-worst day this year, despite the massive upheaval... More »

Stocks Plunge at Open

AIG, Lehman take huge hits, but Merrill takeover stabilizes market slightly

(Newser) - Stocks tumbled at the opening bell this morning, with the Dow dropping more than 300 points after a weekend that turned the financial industry on its head. Lehman Brothers’ collapse and AIG’s request for $40 billion from the Federal Reserve “are causing a major financial panic this morning,... More »

Tips for Candidates on Cyber Security

Next president must find right balance of regulation for internet safegaurds

(Newser) - Noting that both candidates have plans to ensure our collective cyber security, Bruce Schneier, in Wired, lays out some essential policy advice for the next president:
  • Use the government’s enormous purchasing power to make security software producers do better. Make security requirements for government software high, and those improvements
... More »

Fannie, Freddie Edge Back From the Brink

Panic eases after turbulent trading, but big test is yet to come

(Newser) - Fears of a collapse of Fannie Mae or Freddie Mac finally eased yesterday after a stomach-churning rollercoaster ride that saw a 50% nosedive for the mortgage giants in early trading, writes the Wall Street Journal. A week of panic, prompted in part by reports that the government was preparing rescue... More »

Fannie, Freddie Plunge Gives Short Sellers a Field Day

Very quietly, the sharks are making a killing

(Newser) - With the rest of the world wringing its hands over fears of a Fannie Mae or Freddie Mac collapse, one tribe on Wall Street is smiling: the short sellers. Investors have bet against Fannie and Freddie in growing numbers as the two mortgage lenders' positions grew more precarious. But handsome... More »

Goldman Sachs Switches Forecasters

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

(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 »

Pork Shortage Plagues China

Beijing dips into pork preserve to avoid crisis

(Newser) - Pigjacking is China's latest crime. Sounds like a joke? Crooks are scoffing the swine thanks to a boom economy and a pig shortage that has hogs highly valued. With a record winter storm stranding thousands and sparking unrest, Beijing is dipping into its official pork preserve—hoping to calm a... More »

Another Day, Another Rally

Good news comes late in the day as rate-cut hopes persist

(Newser) - Stocks rose for a second straight session today thanks to a late rally. Flagging techs dragged down the markets initially, but then got a boost from a cheerful report on durable goods orders on the first day of the Fed meeting, reports CNNMoney. The Dow climbed 96.41 to 12,... More »

Stocks Plunge, Battle Back

Markets decline, but emergency rate cut moderates effect

(Newser) - Stocks declined today but ended the session up from the depths of their initial plunge, as the Fed's emergency rate cut seemed to calm freaked-out investors. "This at least gets people from piling in on the short side of things," one strategist told MarketWatch. The Dow fell 128.... More »

Stocks Rebound After 400-Point Plummet

(Newser) - Stocks are rallying back after a terrifying open that saw the Dow fall over 460 points within minutes, the Wall Street Journal reports. Since then, buyers have returned, spurred on by the Fed’s unprecedented 0.75% emergency rate cut. The rally has so far recouped all but 145 points... More »

European Markets Yo-Yo

London, Frankfurt bourses swing wildly in early trading

(Newser) - European markets went haywire in early trading Tuesday as investors reacted to a second straight day of Asian declines and awaited the reopening of Wall Street. After a disastrous showing for the Nikkei, Hang Seng and other Asian bourses, European markets plunged: the FTSE 100 dropped 200 points minutes after... More »

Markets Rise on Tech Rally

(Newser) - Sharply higher earnings and a bullish forecast from software giant Oracle kicked off a market rally this morning, but fears about the financial sector continued as Bear Stearns reported its first-ever (and steeper than expected) loss. Another late rally boosted the tech-rich Nasdaq 39.85 points to 2,640.86;... More »

Wall Street Watching Fed's High Wire Act

Rate cut expected in unusually tough decision this week

(Newser) - All eyes are on the Fed this week, with Wall Street expecting a quarter-point rate cut when the group meets Tuesday and Wednesday. But the decision is an usually tough one, the AP reports, with the tight rope between controlling inflation and keeping markets fluid more precarious than it has... More »

Stocks Up on Microsoft Earnings

Nasdaq, others jump on Countrywide optimism and possible rate cuts

(Newser) - Optimism prevailed on Wall Street today as Microsoft clobbered estimates and Countrywide promised the worst was behind it. The tech-heavy Nasdaq led the way, gaining 53.33 to finish at 2,804.19. The S&P 500 rose 20.87 to 1,535.28; 65% of its components have beaten... More »

Afternoon Rally Fades, Revives

Tech-heavy Nasdaq outperforms other indexes

(Newser) - The markets seesawed today as an afternoon rally faded then revived, led by the tech-heavy Nasdaq. Friday's bloodbath lingered into this morning, but a speech by Fed governor Randall Kroszner raised hopes for a rate cut, reports the Journal. The Dow closed up 44.95 at 13,566.97, the... More »

A Mixed Day on Wall Street

Financial-sector blues and oil prices battle tech gains

(Newser) - A grim financial sector and ever-rising oil prices cancelled  an encouraging tech rally during a so-so day in the markets. Yahoo and Intel reported sunny profits, but news of oil clearing the $89 mark doused the rally. The Dow finished down 20.4 to 13,892.54, the S&P... More »

Wall Street Hunts for Its Next Bubble

Emerging markets upswing could mirror '98 tech boom

(Newser) - With the Fed’s rate cut in place, Wall Street has visions of another bubble—this time in emerging markets. The Dow skyrocketed 2.5% on news of the cut, but even that was dwarfed by 4.2% gains in the Bombay Sensex and 4.3% in Brazil’s Bovespa.... More »

What Inflation? Consumer Prices Fall 0.1%

Fed's rate cut looks good as housing, gas prices hit books

(Newser) - Ben Bernanke is likely patting himself on the back right now, Bloomberg reports. US consumer prices fell 0.1% in August, the first decline this year, making Federal Reserve chairman’s rate cut look good, with inflation potentially under control. “Core inflation has now been falling for nearly a... More »

Stories 41 - 60 | << Prev   Next >>
NEWS FROM OUR PARTNERS
Other Sites We Like:   24/7 Wall St.   |   Betty Confidential   |   BuzzFeed   |   Cracked   |   Fark   |   Timelines   |   The Frisky   |   Geek Sugar   |   NewsOne