Wall Street might search for motivation this week (AP)

Posted by admin on February 16, 2009 under News | Read the First Comment

Wall Street might search for motivation this week (AP)

A trader watches a stock monitor on the floor of the New York Stock Exchange February 13, 2009. (Shannon Stapleton/Reuters)AP – The stock market doesn’t have much to hang its hat on.


Banktown Charlotte feeling the sting as economic downturn hits Wall Street South

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Banktown Charlotte feeling the sting as economic downturn hits Wall Street South
CHARLOTTE, N.C. – The financial collapse has hit the city known as Wall Street South.For years, Bank of America Corp. and Wachovia Corp. helped turn Charlotte into a financial powerhouse. Now, the bi…

World markets rise after Wall Street bounceback (AP)

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World markets rise after Wall Street bounceback (AP)

An investor looks at the electronic stock price board at a private securities company Friday Feb. 13, 2009 in Shanghai, China. Chinese shares rose Friday to a five-month high on investor enthusiasm about higher liquidity in the economy after the central bank confirmed January bank lending hit a record high. The benchmark Shanghai Composite Index jumped 3.2 percent, or 72.7 points, to close at 2320.79, ending the week up 6 percent. (AP Photo/Eugene Hoshiko)AP – World stock markets rose Friday, boosted by a late turnaround on Wall Street and renewed hopes about government economic stimulus plans as Group of Seven finance ministers gathered in Rome.


Waking the Slumbering Bull

Posted by admin on February 15, 2009 under News | 2 Comments to Read

Waking the Slumbering Bull
Posted by: Ben Levisohn on February 13 Despite some attention getting jumps and slumps – like a 300 point drop following Treasury Secretary Geithner’s disclosure of the bank rescue plan on Feb. 1…

How the major market indexes fared Thursday (AP)

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How the major market indexes fared Thursday (AP)

A trader watches a stock monitor on the floor of the New York Stock Exchange February 13, 2009. (Shannon Stapleton/Reuters)AP – The stock market made a late-day comeback Thursday, on hope that homeowners will get more help with their mortgages.


Stocks to cut their apron strings with Washington

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Stocks to cut their apron strings with Washington
U.S. stocks, at the beck and call of Capitol Hill in the past month, get a chance to cut those ties in the week ahead, as Congress heads home and a smattering of corporate and economic releases take o…

SEC enforcement chief Linda Thomsen resigns (AP)

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SEC enforcement chief Linda Thomsen resigns (AP)

In this Feb. 4, 2009 file photo, Linda Thomsen, director of the Division of Enforcement at the Securities and Exchange Commission (SEC), testifies on Capitol Hill in Washington. Thomsen, the top cop at the SEC is leaving the government less than a week after receiving an angry dressing-down before Congress over the agency's failure to detect a massive alleged fraud scheme. (AP Photo/Susan Walsh, File)AP – The top cop at the Securities and Exchange Commission is leaving the government less than a week after receiving an angry dressing-down before Congress over the agency’s failure to detect a massive alleged fraud scheme.


US stocks end lower on economic woes

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US stocks end lower on economic woes
Investors sent Washington a message this week: They won't commit to stocks until the government commits to a plan.Stocks fell Friday, leaving the Dow Jones industrial average at its lowest close since…

U.S. offers $2 trillion bank plan (Reuters)

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U.S. offers $2 trillion bank plan (Reuters)

Federal Reserve Chairman Ben Bernanke waits for an announcement by Treasury Secretary Timothy Geithner in the Cash Room of the Treasury Department in Washington, February 10, 2009. (Larry Downing/Reuters)Reuters – U.S. Treasury chief Timothy Geithner on Tuesday unveiled a new bank rescue plan that would put $2 trillion to work mopping up bad assets and restoring credit, but stock markets plunged on fears it would not work.


N.Y. stocks continue to fall on financial concerns+

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N.Y. stocks continue to fall on financial concerns+
NEW YORK, Feb. 13 (AP) – (Kyodo)—(EDS: CHANGING HEADLINE, ADD INFO) New York stocks continued to fall Friday with the Dow Jones index sinking to a three-month closing low amid persistent concern …