A stock market bounce built on desperation
News.com.au - But as the Wall Street Journal points out, the Fed could run low on these ‘unconventional tools’. Unless it actually started monetising debt - if so, jumping on a fast boat to Zimbabwe.
Will Consumer Spending Crush the US Dollar?
AME Info - An article in the Wall Street Journal today speaks about the degree of Middle Eastern investment into the US real estate market. With the dollar continuing to fall, these investments could pick up pace, providing support for the ailing housing market.
Stock market bounce a dead cat
News.com.au - The Fed’s offer to let Wall Street’s biggest investment banks borrow up to $US200 billion against their highly toxic mortgage-backed securities is however a breath of fresh air and will offer some short-term relief.
The Afternoon Wrap: Wednesday
New York Observer - The city has commissioned architects to design sculptural security barriers evoking the history of Wall Street to protect against terrorism. [Tribeca Trib]
Spitzer Resigns in Disgrace Over Scandal
Seattle Times - His dizzying downfall was met with glee and the popping of champagne corks among many on Wall Street, where Spitzer was seen as a sanctimonious bully for attacking huge salaries and abusive practices in the financial industry when he was New York
Stocks Blended After Fed Move, Record Oil
Forbes - Wall Street turned blended in erratic trading Wednesday, a day after a massive rally triggered by the Federal Reserve’s plans to pump liquidity into distressed financial markets. Profit-taking, mixed feelings about the efficacy of the Fed’s move, and
Experts: Don’t fear the weak dollar
CNN Money - Many on Wall Street say the Fed’s rate cuts are partly to blame for the weak dollar because lower short-term rates have helped fuel the rise in oil and other commodities and undermine confidence in the dollar.
Eagle Rock Energy Partners Q4 Loss Widens [EROC]
Stockhouse Canada - Wall Street had a consensus earnings estimate of $0.28 per share. Revenues for the full year increased to $779.199 million from $478.390 million last year, while analysts were looking for revenues of $865.98 million.
New York Gov. Spitzer resigns amid sex scandal
Reuters South Africa - NEW YORK (Reuters) - New York Gov. Eliot Spitzer resigned on Wednesday amid a scandal over a $1,000-an-hour prostitute, ending a career built on pugnacious investigations of Wall Street crimes and an image of moral rectitude. His resignation
Lazard analyst pulls Vertex Sell rating
CNBC - While some on Wall Street state Vertex has established a leadership position in what could be a multibillion dollar class of drugs, the company could face competition from Schering-Plough Corp., which is conducting midstage studies on its oral
Spitzer said to be negotiating with prosecutors
WLOX - The New York Democratic governor, who announced his resignation this day, is enmeshed in a expensive call girl scandal that could carry a series of charges as well as possible disbarment for the 1-time “Sheriff of Wall Street.
Insight: Wall St dominoes topple on Main St
Financial Times - Not a week goes by without news of fresh disruption in yet another segment of the financial markets. The dynamics are those of falling dominoes on Wall Street that increasingly end up on Main Street. With the frequency of policy announcements also
Spitzer Apologizes For ‘Public Failings’
KCTV 5 - Spitzer’s crusades had earned him the nickname “Sheriff of Wall Street.” At a morning news conference, Senate Majority Leader Joseph Bruno, Spitzer’s chief rival, stated he’d not yet heard from the governor but that he was moving on with the business
Stocks Blended After Fed Move, Record Oil
Chicago Tribune - NEW YORK - Wall Street turned mixed in erratic trading Wednesday, a day after a big rally triggered by the Federal Reserve’s plans to pump liquidity into distressed financial markets. Profit-taking, mixed feelings about the efficacy of the Fed’s
Spitzer resigns amid sex scandal
News.com.au - New York Governor resigns after sex scandal Dsigrace cheered by Wall Street Deputy will replace Spitzer as Governor NEW York Governor Eliot Spitzer has resigned amid a scandal over a $US1000-an-hour ($1070) prostitute, ending a career built on
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