The market is on an up-beat this morning after a handful of investment banks surprised the street with better then expected earnings.
Goldman Sachs (GS) is up 6.4% right now after reporting a smaller then expected drop in first quarter profit. The investment bank announced earnings fell 52% from a year earlier to $3.23 a share. […]
Last night it was announced that Bear Stearns would be bought out by JP Morgan for only $2 a share. This price Bear Stearns at a market cap of just $236.2 million.
This is significant as Bear Stearns was the fifth largest investment house. How bad Bear Stearns bet on mortgage backed investments will provide a […]
With the next Federal Reserve Meeting set to take place this upcoming week, many investors are left wondering what size of a rate cut will be announced.
Not even two weeks ago the market was expecting a half point cut, with a low probability chance at a three quarters cut. Now though it seems a three […]
The top stories from the week that was March 8th - March 14th 2008 via MarketWatch.com:
Eliot Spitzer Resigns
Bear Stearns Bailout!
A Better Pill?
The $200 Billion Fed Infusion
Electronic Arts Tenders Take-Two Takeover Offer
Looking ahead into next week, expect Bear Stearns earnings on Monday and the Fed Meeting on Tuesday to make the top list.
Share This
CPI reports came out this morning on a more positive note with a reading of 0% being delivered when 0.3% was expected for finlation. The same result came for core-inflation as well.
Energy prices though continue their upward climb which begs many to wonder if this is just a very temporary sign of relief.
The flat reading […]
The latest Wall Street Journal economic forecasting survey had 71% of 51 respondents say that the economy is now in a recession.
Tumbling retail sales tell a tale of weakening consumer spending, the primary driver of U.S. economic growth. Falling home prices, high gasoline prices, and the credit crunch all way into the picture.
Unemployment continues to […]
Today Google’s $3.1 billion dollar bid for online ad tracker DoubleCkick was cleared by European Union regulators, citing that competition will not be negatively affected for online ads.
With this piece of the puzzle set into place, there are no more hurdles for Google to pass to officially acquire DoubleClick.
Confrontation came with the likes of Microsoft […]
A big day today for the market as the indices across the board tested their previous lows from January.
The NASDAQ Composite finished the day down only .36% to a close of 1,212.49 and the S&P 500 closed down .84% to 1,293.37. Both of these closes are at fresh 52 week lows.
Over the last six days […]
The jobs report came out this morning before the market opened with a not so good message, payrolls had fallen by 63,000 which is the most in five years.
This came after January which was 22,000 and sought as very bearish. Overall the jobless rate declined to 4.8%, which relays a working force that continues to […]
Continuing off yesterday’s record close of $104.52 per barrel, today oil has continued where it left off intraday hitting prices as high as above $105.50.
Yesterday OPEC announced it would not alter its supply levels by boosting output, which caused the initial stir for oil to run from under $100 to nearly $105.
Set in 1980 during […]
Where talk is money.
Written by Tisa Silver [email] for b5media.
Accounting Solver
Behind The Buzz
Biz Chicks Rule
Biz Levity
Boss Hatch
Brandcurve
Business & Blogging
Buzz Networker
Common Sense PR
Contract Worker
Copyblogger
Daily Blender
Digital Money World
Doing Biz Abroad
E-shop Owner
Everyday Networker
Franchise Pick
Greener Assets
Health Care Insiders
Home Biz Notes
Interview Chatter
Just Make Money Online
Leadership Turn
LifeDev
My Organized Biz
One Vote Matters
Pimp Your Work
Project Management 411
Property Crossroads
Second Life Pros
Slacker Manager
Small Business Boomers
Startup Spark
Successful Blog
Talk Stock Trading
Taxgirl
The 501(c) Files
The Golden Pencil
Viva el Negocio
Work Boxers
Yielding Wealth
Recent Comments