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NY's Leadership Role As World Financial Capital "Permanently Damaged"
Region: United States
New York, NY (GroundReport) - The New York Stock Exchange has been imposing sight for the many tourists visiting Wall Street each day. But that's about to change. Once a symbol of captialist prosperity, the downturn in ec... more
Views: 1160 Rating:
Global Markets “Have More Fear to Digest”
Region: United StatesLondon, England (GroundReport) – As evidence mounts against global bank rescue efforts, financial markets are showing signs of turmoil in anticipation of a worldwide recession in the wake of the credit crisis. ... more
Views: 407 Rating:
Oil Headed For A Correction, Despite $200 A Barrel Prediction
Region: United States
Despite oil prices hovering $123, nearing the $200 a barrel prediction, investors managed to stay in the race and continued to make bets on Wall Street. All the big three indexes were higher by the end of the day, Tuesday.... more
Views: 1157 Rating:
Impact of Global Market Turmoil Persists
Region: United States
As of 1 pm in New York, all three big indexes - the Dow Jones industrials average, the NASDAQ compositie and the S and P 500 continue to slump in negative territory. Among the Dow components, 18 of the 20 components are... more
Views: 1183 Rating:
Bernanke Confident In Long-Term Prospects Of U.S. Economy
Region: United States
As of 1:46 pm, all three indexes on Wall Street are in the green Thursday with the Dow Jones industrials average up about a third of a percent, while the broader indexes - NASDAQ and S and P 500 are up 0.13 percent and 0.3... more
Views: 979 Rating:
Equities To Close Quarter At A 4-Year Low As Wall St. Prepares For Paulson Plan
Region: New York
According to emerging reports, stocks are moderately higher on Wall Street despite a sell-off in Asian stock bourses. The mixed open in New York comes amid anticipation of Treasury Secretary Henry Paulson's plans to overh... more
Views: 1332 Rating:
Asian Stocks Slide On Lower U.S. Consumer Spending
Region: Japan
On the first day of the trading week in Asia, stocks are off to a bleak start. Much of the angst stems from worries that consumer spending in the world's largest economy will affect Asia's exports of clothing, autos, and e... more
Views: 1033 Rating:
Successful Long-Term Investing Requires "Intestinal Fortitude"
Region: United States
In an article on MSN Money, Guru investor, John Reese talks about some reasons why investors tend to fail in the current market scenario. Reese began his investment research firm based on the hyposthesis that investors co... more
Views: 1121 Rating:
Paulson Plan To Re-Regulate Wall Street Following Near Collapse Of Bear Stearns
Region: New York
After the near collapse of investment banks like Bear Stearns, Wall Street is awaiting an overhaul of its regulatory system. The re-regulation was announced by Treasury Secretary Henry Paulson last week, reports the Associ... more
Views: 772 Rating:
"Should I Move My 401K To A Money Market?"
Region: New York
With home values dropping, the contagion of the subprime debacle, and uncertainty in the financial markets, analysts are pointing to an economic downturn, better known as a recession. Only, recession can be a sc... more
Views: 2286 Rating:
