Money: Goldman's Political Influence, Fannie Mae Stocks Still Trading Heavily...
New York Times finance reporter, Louise Story explains why Goldman Sachs is choosing not to put money into political advertising, despite the Supreme Court ruling that lessened restrictions. She also...
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GM IPO Details Emerge
(Alex Goldmark, Transportation Nation) General Motors post-bailout, post-bankruptcy IPO is expected to raise between $8-$13 billion and transform the U.S. government's role from majority owner to...
View ArticleOil Prices Spike Amid Turmoil in Egypt
Oil prices have been floating around $90 a barrel for weeks, but now, the turmoil in Egypt has pushed the price up. Crude oil jumped close to 4% on Friday and then 3.2% yesterday to settle at $92.19 a...
View ArticleFinancial 411: Stock Futures Down Amid Overseas Concerns
GM ProfitsGeneral Motors has posted its first profitable year since 2004. The automaker that was bailed out by the taxpayers before eventually filing for bankruptcy said it's now growing again. Profits...
View ArticleFinancial 411: Stocks Surge on Strong Earnings
Dow at highest level since 2008What a difference a few days make. The week started off with a sharp drop in the stock market after S&P lowered its outlook on U.S. debt. But Wednesday, stocks soared...
View ArticleIn Search of Value in a Sluggish Economy
Markets had severe case of the Monday's yesterday as stocks plunged. The Dow Jones industrials saw a drop of 634.76 points and not one stock in the Standard & Poor's 500 index saw an increase. In a...
View ArticleStocks Drop as Attention Returns to Weak Economy
The Dow Jones industrial average closed down 520 points Wednesday on a day that concern over the weakening economy continued to percolate on Wall Street and send stocks tumbling.Investors turned their...
View ArticleStocks Rally, End Day With Large Gains
Markets kept the gains made throughout the day. The Dow Jones industrial average gained 423 points, or 3.95 percent, to close at 11,143.31. The S&P 500 gained 51 points, or 4.63 percent, to close...
View ArticleMechanical Traders May Be Partly to Blame for Market Fluctuations
Stocks plummeted yesterday, with the Dow Jones Industrial Average falling more than 400 points and Standard & Poor’s 500-stock index closing down 53.24 points, at 1,140.65. The day was just the...
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Dow Plunges as Fear About Global Economy Sends Markets Lower
Stocks plunged Thursday, extending a rout around the world. Indicators across the financial markets had investors concerned that there's no clear way the U.S. will avoid another recession.At the close,...
View ArticleGold Prices Plunge to $1600 Per Ounce
For months gold had been on a fantastic run, but last week gold prices plunged 9.6 percent, and then Monday another 2 percent, to $1,600 an ounce. Investors usually consider gold a safe bet, but they...
View ArticleAnalyzing Facebook's NASDAQ Debut
Facebook will make its much-anticipated debut today on NASDAQ as a public company. As of last night, Facebook's offer had risen to $38 a share, putting the total value of the company at $104 billion....
View ArticleGoogle's 3Q Earnings Leak Early, Stock Plunges
Google Inc.'s stock plunged suddenly on Thursday afternoon after it released its third-quarter earnings report early, apparently by mistake.The Web search and advertising company's stock fell $68.19,...
View ArticleBill Ackman: The Life and Times of the Activist Investor
If you follow the stock market or the business news, you’ve seen two companies dominating the headlines this week: Herbalife and J.C. Penny. And while it might seem that these two companies have...
View ArticleTwitter Shares, Where You Might Find Them Now
"We’ve confidentially submitted an S-1 to the SEC for a planned IPO. This Tweet does not constitute an offer of any securities for sale."And with that tweet, Twitter announced that is going public and...
View ArticleRussia Fails to Stop Ruble Crash
Russian President Vladimir Putin likely wants some hard currency this Christmas season. It's not charity—Russia has raised its interest rate to a shocking 17 percent to try and stop the free fall of...
View ArticleTrader Charged in Connection with Market 'Flash Crash'
A multimillionaire futures trader accused of being a key figure in bringing on the 2010 "flash crash" - when the Dow Jones Industrial Average plunged 600 points in five minutes - was arrested in Great...
View ArticleChina Stuns Markets With Second Day of Currency Devaluation
In a bid to shore up domestic exporters, China has devalued its currency for a second day—the renminbi was down 2 percent yesterday, and 1.6 percent today.The sudden devaluation has caught investors...
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