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December 2, 2008 8:20:38 AM CST



Global Financial Markets track this thread

Started by Robinthieu; Last updated by Robinthieu | View history

Global Financial Markets

In economics, a financial market is a mechanism that allows people to easily buy and sell (trade) financial securities (such as stocks and bonds), commodities (such as precious metals or agricultural goods), and other fungible items of value at low transaction costs and at prices that reflect the efficient market hypothesis.

Stories

Stories 181 - 200 of 210

  • January 2008
    • Gains Dashed on Jobs Angst

      Gains Dashed on Jobs Angst

      (Newser) - The market lost substantial early gains today to finish about even, with weak December auto sales and rising oil costs adding to anxiety over tomorrow’s jobs report from the Labor Department. The Dow closed up 12.8 points to 13,056.7, as GM stock declined 2.5% and Ford fell 2.9% on poor showings last month, MarketWatch reports. More »

    • Fed Remains Open to More Rate Cuts

      Fed Remains Open to More Rate Cuts

      (Newser) - Fed officials will consider deeper rate cuts and a "substantial further easing of policy" if the turmoil in the credit and housing markets continues, according to minutes of last month's meeting. Officials displayed surprise at the extent of the housing crisis and acknowledged that market strains "could persist for quite some time," the Wall Street Journal reports. More »

    • In Turnabout, '07 Mess Hurt Brokers More

      In Turnabout, '07 Mess Hurt Brokers More

      (Newser) - Ordinary investors did fairly well in 2007, but their brokers and other big financial players lost their shirts in the subprime collapse. How did that happen? The New York Times observes that “parallel markets” have developed in recent years, with stocks and bonds available to most, and specialized, acronym-heavy securities like CDOs, MBSs and SIVs available only to favored insiders. More »

    • Market Plummets to Start Year

      Market Plummets to Start Year

      (Newser) - The Dow fell 214.11 to 13,050.71 today, giving 2008 its first record: biggest point drop to start a year. Climbing commodity prices and poor manufacturing readings led the sharp 1.7% decline, and spiking crude oil futures sealed the bearish day. One strategist fretted over the Institute of Supply Management’s weakest manufacturing figures in four years, warning of “a slowdown in economic activity.” More »

  • December 2007
    • Markets Sink, But '07 Sees Gains

      Markets Sink, But '07 Sees Gains

      (Newser) - The markets took a tumble today, trimming but not eliminating yearly gains, MarketWatch reports. The Nasdaq, benefiting from its relative insulation from the housing crisis, rose 9.8% in 2007, although it fell 22.18 points today to end at 2,652.28. The Dow fell 101.05 to close at 13,264.82, a yearly gain of 6.4%, and the S&P 500 fell 10.13 to 1,468.36, up 3.5% for the year. More »

    • E-Commerce All Grown Up, Sales Growth Finally Slows

      E-Commerce All Grown Up, Sales Growth Finally Slows

      (Newser) - Online sales continued to out-pace traditional retailers this season, boasting a 19% spike, but fell compared to 25-30% growth rates in past seasons, the New York Times reports. While e-tailers beat the scrawny 3.6% sales growth of traditional stores, experts attribute the slowdown to the maturing of online shopping. More »

    • Stocks Mixed on Housing News

      Stocks Mixed on Housing News

      (Newser) - The markets were mixed in a volatile session today, with the Dow ending just slightly higher after more bad news from the housing sector erased an early-morning 100-point rally, Marketwatch reports. The Dow rose 6.26 to close at 13,365.87, and the S&P 500 climbed 2.12 to 1,478.49, but the Nasdaq fell 2.33 to 2,674.46. More »

    • Bad News Brings Out the Bears

      Bad News Brings Out the Bears

      (Newser) - The markets suffered steep losses today following the one-two punch of bad news from Pakistan and the Commerce Department. In the wake of Benazir Bhutto’s assassination and a disappointing durable goods report, the Dow fell 192.08, the largest drop in a week, to 13,359.61, while the Nasdaq plummeted 47.62 to 2,676.79 and the S&P 500 fell 21.39 to 1,476.27. More »

    • Student Lender Sallie Mae Plans $2.5B Stock Sale

      Student Lender Sallie Mae Plans $2.5B Stock Sale

      (Newser) - With a credit rating bordering on junk-bond status, embattled student loan provider Sallie Mae plans a public stock offering to raise $2.5 billion, reports the Wall Street Journal . The company will use $2 billion to buy back its own stock futures, which have lost value recently following a failed attempt to take the company private. More »

    • Stocks Stall Amid Retail Woes

      Stocks Stall Amid Retail Woes

      (Newser) - The markets nudged higher today despite poor holiday retail results and continued housing problems. Target predicted a possible 1% sales drop in December, stoking investor fears about sluggish retail numbers, MarketWatch reports. The Dow closed up 2.36 at 13,551.69, the Nasdaq up 10.91 at 2,724.41, and the S&P 500 up 1.21 at 1,497.66. More »

    • Apple Shares Smash $200 Barrier

      Apple Shares Smash $200 Barrier

      (Newser) - Apple's shares hit a record high today, climbing $1.80 to $200.60 before retreating to close at $198.95. Strong sales of the Macintosh computer, iPod, and iPhone fueled the rally, reports Bloomberg, and Apple says sales this holiday season will be the highest in its 31-year history. The company's stock price has more than doubled in 12 months, meaning Apple now has a higher market value than Dell, IBM, and Intel. More »

    • Near 300,000, New Orleans Hits 65% of Its Former Size

      Near 300,000, New Orleans Hits 65% of Its Former Size

      (Newser) - New Orleans is now at 65% of its pre-hurricane population and looks poised to pass the 300,000 mark at any day now. Although many neighborhoods are still in need of rebuilding and dotted with vacant lots, the growth represents a "significant indication of New Orleans' sustained viability as a major city," urban planners conclude. The new numbers bring the Big Easy to the size of a Pittsburgh or a Tampa. More »

    • Stocks Rise on Credit Optimism