‘Financial Markets’ Archives
Interesting: The Stock Market, between 1950 – 2006, moved 5% or more in one day 34 times. In 2008 its happened 42 times.
Hang On! The Year isn't Over, Yet! Source
Automaker Unions Willing To Give Big Three Concessions
United Auto Workers union head Ron Gettelfinger announced that the union's workers could approve some concessions to the Big Three U.S. automakers if the right situation arises. UAW entered into new labor contracts with GM, Ford and Chrysler in 2007. Gettelfinger indicated that if the government authorized loans to the Big Three automakers, it [...]
Automakers CEO’s To Accept $1 Salaries?
You heard it right. Ford Motor Company and General Motors, 2 of the Big Three U.S. automakers, have confirmed that each of their CEO's will accept a $1 salary in 2009 if their company accepts bailout money from the federal government. Ford also released a turnaround plan to Congress, the 1st of the Big Three U.S. automakers to do so, but critics [...]
NYSE drops over 600 points after trying out new Fad Diet. Expected to Rebound after trying out Krispy Kreme’s new Holiday Doughnuts.
Stocks tumbled today, with fears about the economy driving a selloff as manufacturing slumped to a 26-year low and the U.S. economy was officially declared to be in a recession. The Retail sales over the holiday weekend have yet to be fully realized but including "Black Friday," the day after Thanksgiving, shoppers spent $41 billion in the [...]
Markets Strong During Thanksgiving Week
The markets closed on Friday up 102+ points. It marked the 5th straight day that the DOW had closed on the positive side. That hasn't happened since July 2007. Here is Fox's Financial Markets Week in Review. The upcoming Jobs report is not supposed to be pretty, so continued gains at the start of December should not be expected. Let's hope [...]
How Low Can You Go?!?!
The Dow fell 444.99 points today, closing at 7,552.29. Ouch. The S&P 500 fell 54.14 points today, closing at 752.44. Ouch. The Dow is now at its lowest point since March 2003. The S&P 500 is now at its lowest point since April 1997. Check out CNN's financial crisis coverage of the market's collapse today. How low can you go??? We suggest [...]
Dallas Maverick’s owner slapped with personal foul by SEC.
Today the Dallas Maverick owner, Mark Cuban, was handed a complaint by the commission for insider trading. It alleges that Mark Cuban was informed of an impending stock offering at Mamma.com (a search engine company now know as Copernic.), and that within hours of learning of it, he dumped his stocks. According to the complaint, Cuban called his [...]
Dow Up 300+ Points on Election Day
The Dow Jones Industrial Average closed at 9,625.28 today, up more than 300 points. The 305.45 gain (3.28%) was the largest gain on a Presidential Election Day since the 1.2% gain recorded when President Ronald Reagan defeated Walter Mondale in 1984. Some economists felt that the gain was a result of Wall Street's relief that the election was [...]
