Global Financial Markets

Stories

Stories 81 - 100 of 210

<< Prev 1 2 3 4 5 6 7 8 9 ... 11 Next >>

July 2008
- SEC Aims to Check False Rumors on Wall Street
  
  New York Times | Jul 14, 08 9:15 AM CDT
  
  (Newser) - After months of urging from business, the Securities and Exchange Commission announced plans yesterday to clamp down on the rumor mill that can induce Wall Street gyrations with false information. Last week's market turbulence pushed the feds to make the move before this week's trading, the New York Times reports—but proving that false information has been spread maliciously is a tough task. More »
- Amid Selloff, Gold King Won't Flush His Throne
  
  Wall Street Journal | Jul 7, 08 2:53 PM CDT
  
  (Newser) - With gold prices hovering around $1,000 an ounce, one Hong Kong jeweler is melting down the shining palace he spent a decade building, unloading chandeliers and armored knights—everything but his 24-karat toilet, the Wall Street Journal reports. "I don't care if gold hits $10,000 an ounce," Lam Sai-wing says of the Lenin-inspired commode. "I'm not melting it down." More »
- Speculators Didn't Do It
  
  The Weekly Standard | Jul 5, 08 7:21 PM CDT
  
  (Newser) - Politicians are blaming high oil prices on an old scapegoat: speculators, writes Dean Barnett in the Weekly Standard . But if speculators were hoarding oil, it would be stockpiled, and inventories would soar. Instead, inventories remain constant. This is obvious "to anyone who took an introductory economics class," Barnett writes. "Demand is relatively high. That means higher prices." More »
- Feds Plan to Allow Foreign Accounting Rules
  
  New York Times | Jul 5, 08 7:17 AM CDT
  
  (Newser) - Federal officials are proposing to loosen accounting regulations, allowing American companies to shift to international standards that offer more latitude in reporting earnings, the New York Times reports. The move would make businesses more competitive, the administration argues, but it would also effectively exempt them from the investor-protection measures instigated after the collapse of Enron, critics note. More »
June 2008
- Stocks Drop to 2008 Low as Bad News Piles Up
  
  Associated Press | Jun 26, 08 12:45 PM CDT
  
  (AP) - Stocks tumbled today as Wall Street contended with a barrage of bad news: another surge in oil prices and warnings of trouble in the key financial, automotive, and high-tech industries. The major indexes showed losses of more than 2%, including the Dow Jones industrial average, which shed more than 250 points and dropped to its lowest level in more than a year. More »
April 2008
- Scientists Work on New 'Green Revolution'
  
  LiveScience | Apr 25, 08 1:00 PM CDT
  
  (Newser) - Food scientists are plotting a new "green revolution" to solve a growing food crisis, LiveScience reports. Facing what a World Food Program official called a “silent tsunami” of world hunger, researchers are working on a sequel to the first "green revolution" of the mid-20th century, whose innovations included the fertilizers, pesticides and better irrigation that helped increase crop yields. More »
February 2008
- Paulson Wants to Toss Pennies
  
  Associated Press | Feb 29, 08 4:15 PM CST
  
  (Newser) - Henry Paulson sees little point in pennies and would stop their production if he could, the AP reports. “The penny is worth less than any other currency,” the Treasury Secretary said today in a radio interview. But a sea change in change isn't imminent: Paulson says he has bigger challenges to tackle in the last year of the administration. More »
- Stocks Tumble on Weak Data
  
  Bloomberg | Feb 28, 08 3:56 PM CST
  
  (Newser) - Stocks fell more than they had in a week today amid reports of sluggish economic growth, rising jobless claims, and fears of failing banks, Bloomberg reports. The Dow fell 112.10 points to 12,582.18, the Nasdaq fell 22.21 points to 2,331.57, and the S&P 500 12.34 points to 1,367.68. The government said GDP grew by 0.6% last quarter, below analysts' estimates. More »
- Freddie Mac Reports Record $2.45B Loss
  
  Bloomberg | Feb 28, 08 10:27 AM CST
  
  (Newser) - Freddie Mac, the nation’s second-largest mortgage finance company, lost $2.45 billion in 2007's fourth quarter, topping the record $2.02 billion it lost the previous quarter, Bloomberg reports. Freddie’s CEO predicted still-greater losses ahead as loan defaults take their toll, but said the company had raised enough money to weather the storm—unless things get drastically worse. More »
- Stocks Flat After Roller Coaster
  
  Wall Street Journal | Feb 27, 08 3:21 PM CST
  
  (Newser) - Stocks ended mainly flat after mixed news had indices seesawing throughout today's session, the Wall Street Journal reports. Economic news was bad in general, but Federal Reserve chairman Ben Bernanke and housing regulators cheered the markets with upbeat comments. The Dow ended up 9.36 to 12,694.28, the Nasdaq up 8.79 to 2,353.78, and the S&P down 1.27 to 1,380.02. More »
- Bernanke Signals New Rate Cuts
  
  Wall Street Journal | Feb 27, 08 9:15 AM CST
  
  (Newser) - Federal Reserve Chairman Ben Bernanke today said that the board stands ready to cut interest rates again to give the economy "adequate insurance against downside risks," reports the Wall Street Journal. The move, which follows 2.25% in cuts to the key rate since September, is widely expected at the Fed's March 18 meeting. More »