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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 161 - 180 of 210

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January 2008
- Economic Worries Propel Silicon Valley Deals
  
  Wall Street Journal | Jan 17, 08 12:59 PM CST
  
  (Newser) - Recent acquisitions by Sun Microsystems and Oracle could be the opening round of new Silicon Valley deal-making, the Wall Street Journal reports, as tech companies worried about a US economic slowdown seek to strengthen their positions. Smaller companies struggling to stay afloat are tempting targets; bigger fish also want to invest in building web-based software and services—a still-growing sector. More »
- Bernanke Backs Stimulus Plans for Economy
  
  New York Times | Jan 16, 08 7:51 PM CST
  
  (Newser) - Ben Bernanke insists he won’t take sides in a congressional fray over how to revive the nation’s flat-lining economy. But the Fed chief says he will support an economic stimulus package—be it GOP tax cuts or Democrats' increased spending—as long as it is quick and temporary, the New York Times reports. Lawmakers are scrambling to devise ways to ward off a recession, and Bernanke testifies before a House panel tomorrow. More »
- Americans' Mood Sours Over Economy
  
  Reuters | Jan 16, 08 4:23 PM CST
  
  (Newser) - America’s spirits are sinking along with the economy, a new poll says. The Reuters/Zogby mood index fell from 97.3 to 94.2 this month, the lowest mark since polling began in July. The poll found that 48% of Americans expect a recession, up from 43% last month, and two-thirds think the US is headed in the wrong direction. More »
- Stocks Teeter on Oil News
  
  Wall Street Journal | Jan 16, 08 3:42 PM CST
  
  (Newser) - Stocks ended slightly down today partly in response to falling oil prices, which could provide a possible jump-start for consumer spending, the Wall Street Journal reports. "Considering that oil was near $100 not too long ago, this is a big move," one trader said. The Dow ended down 34.95 to 12,466.16, the Nasdaq 23.00 to 2,394.59, and the S&P 7.75 to 1,373.20. More »
- Fed Survey Shows Slowing Economy
  
  Bloomberg | Jan 16, 08 2:34 PM CST
  
  (Newser) - The Federal Reserve's regional business survey—released today, ahead of chief Ben Bernanke's appearance tomorrow before Congress—shows economic activity increasing more slowly, thanks to "disappointing" holiday sales. Some analysts think the survey—nicknamed the Beige Book—is evidence for a general economic slowdown, reports Bloomberg. "We are pretty much on the knife's edge'' of a recession, says one economist. More »
- JP Morgan Profit Drops 34% in Q4
  
  Bloomberg | Jan 16, 08 7:03 AM CST
  
  (Newser) - Subprime mortgage writedowns of $1.3 billion cut deeply into better-than-expected revenue gains at JP Morgan Chase in the fourth quarter, leaving the nation’s third-largest bank with net income of $2.97 billion, or 86 cents per share, a 34% drop from a year ago, reports Bloomberg. The writedown is a pittance compared to Citigroup’s $18.1 billion announced yesterday. More »
- Citigroup Woes Sink Stocks
  
  Bloomberg | Jan 15, 08 3:31 PM CST
  
  (Newser) - Stocks plunged today on news of Citigroup's big losses and surprisingly poor retail numbers. This is the worst start to a year by the S&P 500 since 1978, reports Bloomberg. "There seems to be no end of bad news,'' says one exec. The Dow was down 277.04 to 12,501.11, the Nasdaq 60.71 to 2,417.59, and the S&P 35.3 to 1,380.95. More »
- Retail Sales In Surprise Swoon
  
  Bloomberg | Jan 15, 08 8:42 AM CST
  
  (Newser) - Retail sales fell 0.4% in December, an unexpected drop that capped off retailers’ worst year since 2002 and is sure to fuel rampant recession fears. “Consumer spending slowed down pretty dramatically,” one economist tells Bloomberg. “We are kind of flying very close to a stall speed.” Prognosticators had expected sales to hold steady after November’s revised 1% gain; the lag suggests that gas prices, the housing slump, and the weak job market may be catching up with consumers. More »
- IBM Leads Stock Surge
  
  Wall Street Journal | Jan 14, 08 3:45 PM CST
  
  (Newser) - Stocks surged today, propelled by hopes for an interest rate cut and expectation-busting fourth-quarter results from IBM. "The Fed has a very hard job right now, but I think the market is saying it thinks they are up to the task," a trading exec told the Wall Street Journal. The Dow jumped 171.85 to 12,778.15, the Nasdaq 38.36 to 2,478.30, and the S&P 500 15.23 to 1,416.25. More »
- Economists Fear It's Too Late to Save Economy
  
  New York Times | Jan 13, 08 7:41 AM CST
  
  (Newser) - It may already be too late to quickly stop the economic tailspin triggered by the implosion of the housing market and booming energy prices, several experts believe, reports the New York Times . Perhaps the best that can be done is to make the crunch hurt a little less. “The question is not whether we will have a recession, but how deep and prolonged it will be,” said one analyst. More »
- BofA Faces Big Risks With Countrywide
  
  New York Times | Jan 12, 08 1:18 PM CST
  
  (Newser) - For Bank of America CEO Kenneth Lewis, buying beleaguered mortgage lender Countrywide Financial fits into his retail strategy to offer customers full-service banking and, in the process, sell additional services, reports the New York Times. But, whether BofA can cross-sell Countrywide’s customers aggressively enough to offset potential losses from the damaged lender’s mortgage business is a huge unknown. More »
- Dow Tanks on Consumer Woes
  
  Wall Street Journal | Jan 11, 08 3:25 PM CST
  
  (Newser) - The Dow plunged 246.79 points to 12,606.30 today as investors, worried about consumer spending, fled retailers and credit-card issuers. Analysts are concerned the mortgage crisis has finally hit pocketbooks, hurting credit, jobs, and public confidence, the Wall Street Journal reports.The Nasdaq slid 48.58