Wall Street Rumors – July 11, 2008
Daily rumors covering the global markets. Subscribe to the update feed here.
Rattled Markets Set for Early Slide
Futures turned sharply lower Friday as Fannie Mae (NYSE:FNM) and Freddie Mac (NYSE:FRE) continued their harrowing descent and oil prices shot back into record territory, gaining back all of a large selloff in crude that cheered stock [...]
wall street Rumors – July 10, 2008
Daily rumors covering the global markets. Subscribe to the update feed here.
Dow Chemical Agrees to Buy Rohm & Haas for $15.3 Billion
Dow Chemical Co. (NYSE:DOW) said Thrusday it has agreed to buy Rohm & Haas Co. (NYSE:ROH) in an all-cash deal valued at $15.3 billion, possibly signaling the start of a consolidation wave [...]
Yuan rise slows Chinese manufacturing
Photo Source: Talent in China
It was inevitable hat the Yuan would eventually rise as the large trade surplus that China currently operates made its way back to businesses. As the Yuan has accelerated, the rise has slowed down the economy, indicate by the slowing of exports and manufacturing growth. Export orders are down for the [...]
Wall Street Rumors – July 9, 2008
Daily rumors covering the global markets. Subscribe to the update feed here.
Oil Reverses Slide As Iran Tests Missiles, Inventory Data Awaited
Crude oil futures spiked more than $2 a barrel Wednesday as investors braced for a weekly U.S. government oil data report that could show a further drawdown
in the country’s crude inventories, while saber-rattling [...]
Exchange traded funds in the stock market
Photo Source: State Street Global Advisors
Exchange traded funds were highly uncommon, even just a few years ago. Today, you can buy any kind of ETF, including international funds, gold funds, oil funds, Dow funds, double Dow funds, and many more options. If there’s an investment, chances are you can buy it through an ETF.
Exchange traded [...]
Wall street Rumors – July 8, 2008
Daily rumors covering the global markets. Subscribe to the update feed here.
Bernanke Says More Steps Needed to Ensure Market Stability
U.S. financial markets need to be made more resilient and stable, Federal Reserve Chairman Ben Bernanke said Tuesday, possibly by giving the central bank much broader authority to collect information and exercise authority over [...]
Could China favor a free float Yuan to end dangerous speculation?
Photo Source: Yale Global
After a decade long peg of 8.3 Yuan to one US dollar, China may institute either another absolute peg or a free float currency in order to take out the speculators that it blames for high inflation and other economic concerns. Since shifting from a complete peg to a peg against a [...]
Wall Street Rumors – July 7, 2008
Daily rumors covering the global markets. Subscribe to the update feed here.
GM Weighs More Layoffs, Sale of Brands
DETROIT — Bruised by a deep sales slump and a half-century-low in its stock price, General Motors Corp. (NYSE:GM) is preparing to cut thousands more white-collar jobs and is considering whether it should sell or shutter more [...]
Consumer confidence dropping in Hong Kong
Photo Source: Gayot
The Chinese stock market has rallied and bottomed, but it should be noted that the Chinese markets are still very well attached to the US markets. After weak economic news in the United States, the Chinese market followed in much the same way. It was reported that Hong Kong’s retail sales grew at [...]
It’s not easy being a retiree in an unsettled market
Photo Source: Citizen Tom
For retirees, the current market events present an unfortunate circumstance, where many retirement portfolios are stuck between a rock and a hard place, whether in fixed income, equity or the trusted stock market. With a huge rally in commodities, combined with the dropping stock market and money market accounts that pay half [...]
