Archive for Investing/Dispatch/
January 30, 2008 @ 8:20 pm
· Filed under Investing/Dispatch/, news
A late-day rout in financial stocks guts a big rally after the Federal Reserve cuts two key rates. The problem is a downgrade of a big bond insurer. Amazon.com and Starbucks earnings disappoint, and shares move lower. Crude oil moves higher.
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January 29, 2008 @ 9:30 pm
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Investors expect the central bank to cut interest rates by a half-point Wednesday. Yahoo earnings disappoint; Lehman Bros. boosts its dividend. Wal-Mart has a 'stimulus program.' Durable-goods orders jump. Foreclosures jump 75%.
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January 28, 2008 @ 6:30 pm
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Investors see the Fed cutting key rates on Wednesday and push financial stocks higher. The Dow is now up 6.5% in less than a week. McDonald's slumps on concerns about flat U.S. sales. New-home sales tumble, but home-building stocks jump. Gold hits a new high.
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January 25, 2008 @ 8:10 pm
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Fear remains a big problem for investors as the Dow finishes down 171 points. Financial stocks weaken, and a big gain for Microsoft evaporates. Next week, the markets face a Fed meeting, a flood of earnings reports and reports on the economy and job growth.
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January 22, 2008 @ 9:05 pm
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Thanks to the Fed's rate cut, the blue chips come back from a 464-point drop at the open. But skeptics aren't sure a bottom has been made. Apple shares slump as guidance disappoints. Stocks open higher in Tokyo.
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January 22, 2008 @ 2:30 am
· Filed under Investing/Dispatch/, news
Recession fears in the United States spark a big global sell-off and could hit Tuesday's markets. Crude oil takes a dive, too. Earnings are due from Bank of America, Wachovia and Johnson & Johnson. Apple reports after the bell.
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January 18, 2008 @ 7:45 pm
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Stocks fall for a fourth straight week. The president's $145 billion stimulus plan doesn't excite. Takeover talk spurs Washington Mutual shares. Advanced Micro Devices shares jump 12%. Markets are closed Monday for the Martin Luther King Jr. holiday. A big week of earnings is on tap.
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January 17, 2008 @ 7:45 pm
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Stocks suffer their biggest sell-off since November as a weak manufacturing report and new worries about financial stocks frighten investors. Fed boss Bernanke calls on Congress to use tax breaks to stimulate the economy. Merrill Lynch falls 10% after reporting a $10 billion loss.
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January 16, 2008 @ 7:45 pm
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A rally in JPMorgan Chase offsets a 12% drop in Intel shares. A Fed report sees a slowing economy -- but not a recession. Crude oil and gold fall. Consumer inflation in 2007 is the worst in 17 years. Oracle will buy BEA Systems.
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January 11, 2008 @ 6:55 pm
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Bank of America's rescue of Countrywide offers no relief to a slumping market. Gold briefly touches $900 an ounce. Citigroup will get $10 billion in new capital. American Express is the second credit card company in two days to warn on profits. Tiffany gives a dull outlook.
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January 11, 2008 @ 3:30 pm
· Filed under Investing/Dispatch/, news
Economic uncertainty, global demand and inflation fears push the metal higher. $1,000 an ounce may not be far off.
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January 10, 2008 @ 9:30 pm
· Filed under Investing/Dispatch/, news
The Japanese automaker nearly overtakes Chevrolet as the top US brand as most automakers suffer a rough December. Chrysler and Honda show small sales gains. 2008 is shaping up as a rough year.
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January 10, 2008 @ 9:30 pm
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The Japanese automaker nearly overtakes Chevrolet as the top US brand as most automakers suffer a rough December. Chrysler and Honda show small sales gains. 2008 is shaping up as a rough year.
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January 10, 2008 @ 7:45 pm
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The Dow jumps 118 on news that Bank of America may take over troubled Countrywide Financial. Fed boss Bernanke vows 'substantive' action to help the economy. Delta Air Lines seeks a merger partner. Wal-Mart was a rare winner on holiday sales.
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January 10, 2008 @ 7:15 pm
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The credit card company blames the mortgage mess for its reduced outlook and sets aside $60 million for possible damages in a Visa lawsuit.
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