Wall Street Rumors – June 17, 2008
Daily rumors covering the global markets. Subscribe to the update feed here.
Goldman’s Earnings Slip 11%
Goldman Sachs Group Inc. (NYSE:GS) reported an 11% drop in fiscal second-quarter net income amid credit losses, though the firm’s results improved from the first quarter despite many expecting a worse performance for the spring period.
Lehman Posts $2.8 Billion [...]
Wall Street Rumors – June 16, 2008
Daily rumors covering the global markets. Subscribe to the update feed here.
Bear Stearns Hedge Fund Managers May Face Indictments
Federal prosecutors, capping a yearlong investigation, are preparing to file criminal charges against managers of two Bear Stearns Cos. (NYSE:BSC) hedge funds whose collapse helped mark the start of the credit crisis.
AIG Ousts Sullivan, Taps [...]
Wall Street Rumors – June 13, 2008
Daily rumors covering the global markets. Subscribe to the update feed here.
AIG Group Tied to Swaps Draws Focus of Probes
Government probes of American International Group Inc. (NYSE:AIG) have cast a spotlight on its entrepreneurial financial-products business, which has been the source of profits and controversy over the years.
As Microsoft Walks Away, Yahoo Enters [...]
Wall Street Rumors – June 12, 2008
Daily rumors covering the global markets. Subscribe to the update feed here.
Citigroup to Close Hedge Fund; Blow to CEO
Citigroup Inc. (NYSE:C) is closing a hedge fund co-founded by Chief Executive Vikram Pandit, 11 months after Citigroup bought the fund’s management company for more than $800 million.
Stimulus Checks Bolster Retail Sales
U.S. retail sales [...]
Wall Street Rumors – June 11, 2008
Daily rumors covering the global markets. Subscribe to the update feed here.
ABC Likely to Reshape ‘World News’ Webcast
Walt Disney Co.’s (NYSE:DIS) ABC News is close to scrapping the current format of its daily “World News” Webcast, an online version of the evening news anchored by Charles Gibson, which the network trumpeted as a major [...]
Wall Street Rumors – June 10, 2008
Daily rumors covering the global markets. Subscribe to the update feed here.
Bernanke Unshaken by Jobless Rise
The surprising jump in the unemployment rate last month — a half-percentage point — hasn’t materially affected the economic outlook, Federal Reserve Chairman Ben Bernanke said in a speech Monday night.
Will Masses Embrace Apple’s [...]
Watch Business & Finance Videos for Free at InvestorTrip.com
InvestorTrip.com Video Center Has Officially Launched!
Last month, we added our first bit of video content when we partnered with WallStrip to stream their daily video updates.
Well, guess what? We just formed a new partnership with TheNewsRoom to bring you some of the best financial video content on the internet.
Some of our content providers include:
WallStrip
WallStreetJournal.com
BBC
Associated Press
Reuters
Etc
Watch [...]
Wall Street Rumors – June 9, 2008
Daily rumors covering the global markets. Subscribe to the update feed here.
Lehman Plans Higher Capital Raising, Expects to Post $2.8 Billion Net Loss
Lehman Brothers Holdings Inc. (NYSE:LEH) unveiled plans Monday to raise $6 billion of fresh capital from an array of investors which, according to a person familiar with the [...]
How Stock Market Volatility Effects Investment Returns
In my last article, I explained why volatility does not measure risk. It’s an assertion by none other than Warren Buffet himself. I hope the historical data I used convincingly illustrated the point.
If volatility doesn’t measure risk, then what can we learn from it?
Let’s look at this simple example. [...]
Forum Changes, Most Popular Threads This Week
Earlier this week, I made some changes to the Investor Trip Forum Community to improve the overall user experience. The number of open forums has been reduced from 5 to 2, so it’s much easier to browse and find the content you are looking for.
You can discuss topics in the two main forums: investing [...]
