Bank of America To The Credit Crisis Rescue
Region: IndiaAlthough Wall Street Opened with modest gains - with all three indexes about a third of a percent up - as of 2:15 pm Eastern, the big three are in the reed: The Dow Jones average down 0.07 percent, the tech-heavy NASDAQ do... more
Views: 1012Fed May Not Cut Rates Unless Jim Cramer Does Some More "Kvetching"
Region: IndiaU.S. stocks rallied to close for a fourth day of gains on Wednesday after signs that the Federal Reserve may interfere to alleviate further deterioration in the stock markets. The Dow rose 145 points to 13,236, while the N... more
Views: 956Miracle On Wall Street As Fed Intervenes In Favor Of Borrowers
Region: India
After a surprise move by the Fed to slash its “discount window” rate to banks that borrow, U.S. stock futures surged ahead pointing to a higher open. And it was a higher open. Well into the open, by 10:09 am,&n... more
Views: 814Mass Exodus Begins From Equities To Safe-Heaven Treasury's
Region: India
At 1:15 on Wall Street, the Dow Jones average is losing 2.24 percent, the NASDAQ 2.31 percent, and the S&P500 2.03 percent (Yahoo Finance). A mass exodus is under way out of equities as evidenced by the flight... more
Views: 2333Unusual Ordered Patterns In Stock Market Behaviour
Region: IndiaWall Street closed off their worst levels, after taking a beating in early trade on the last day of the trading week. The Dow closes 0.23 percent lower, the NASDAQ is down about half a percent, while the S&P index... more
Views: 1977Fed-Focus: Front And Center
Region: IndiaStocks opened in the red on Wall Street ahead of the Fed's decision on interest rates. Asia stocks closed mixed with the 225-share Nikkei closing up slightly by 0.04 percent, while the Hang Seng blue chip in Hong Kong ende... more
Views: 803Investor Liquidates Conscience
Region: New YorkNEW YORK, NY -- In an unprecedented move, a Wall Street trader today liquidated his conscience in order to settle its debts with his ego, a spokesman for the trader said. The trader, Franc DeFraud, made the move shortly a... more
Views: 1354Bombay Stock Exchange benchmark Sensex loses over 500 points
Region: India
The 30-share BSE barometer which opened lower by 446 points lost further and closed 502.07 points down at 14,274.94 points. The 50-scrip index Nifty on the National Stock Exchange also ended down by 121.70 points at 4,311.... more
Views: 1181Chinese Banks Duck Subprime Debacle
Region: United States
While western banks took a beating from the subprime debacle, news reports say Chinese lenders are posting profits. Somehow, Chinese stocks have been looking darn good in 2007, despite warnings of a overhe... more
Views: 1550Volcker and Obama: A Balanced Economic Partnership
Region: United States
Former Fed Chief Paul Volcker has emerged as a key economic adviser to Barack Obama, a position that could assuage economic conservatives. Paul Volcker Joins Obama “Rock Star” Tour Volcker, asso... more
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