Category Archives: Wall Street

Stocks post biggest two-week gain since November

By doris | Published: June 19, 2010

Full Story at msnbc.com NEW YORK – Here’s something for investors beaten down by the market’s sharp declines this spring: The Dow Jones industrial average just had its best two weeks since November.

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AIG bailout spared Wall Street, watchdog says

By doris | Published: June 11, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — The federal government could have pressed the private sector to help rescue AIG when the company was on the verge of collapse in September 2008, a government watchdog has found. Instead, it let Wall Street off easy. The government’s $182 billion bailout of the global insurer has [...]

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Stocks end day lower after early rally collapses

By doris | Published: June 10, 2010

Full Story at msnbc.com NEW YORK – The stock market had another late-day slide, this time because of fears that the Gulf oil spill will threaten BP’s dividend and perhaps land the company in bankruptcy court. The Dow Jones industrials, up about 125 points late Wednesday morning, closed down 41. Most selling came in the [...]

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Stocks end day at lowest level in seven months

By doris | Published: June 8, 2010

Full Story at msnbc.com NEW YORK – Traders gave in to another case of last-hour anxiety Monday and drove stocks to their lowest level in seven months. The Dow Jones industrial average, down just 42 points at 3:15 p.m., closed down 115, or 1.2 percent. That extended the Dow’s sharp drop from Friday, when it [...]

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World markets tumble on recovery fears

By doris | Published: June 7, 2010

Full Story at msnbc.com LONDON – World stock markets tumbled Monday, dragged down by weak U.S. employment figures and fresh fears that Europe’s debt crisis is spreading. The euro, which has turned into the barometer for investor risk appetite in recent weeks after Greece’s debt crisis, fell below $1.1900 to its lowest in more than [...]

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Wall Street hopes to dodge two reform bullets

By doris | Published: May 25, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — With any luck, Wall Street can still escape two of the harshest elements of Washington’s reform efforts. The two measures, included in the Senate bill passed last week, take direct aim at some of the more risky — and profitable — parts of banks’ business. One proposal [...]

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Senate passes sweeping Wall Street reform

By doris | Published: May 21, 2010

Full Story at money.cnn.com WASHINGTON (CNNMoney.com) — The Senate on Thursday passed the most sweeping regulatory overhaul of the financial system since the New Deal. The bill, which passed 59-39, imposes more oversight and stronger capital cushions for the largest banks and Wall Street firms, while aiming to stop bailouts, shine a light on complex [...]

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Washington pushes for free credit scores

By doris | Published: May 19, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — People who are denied credit or a job because of their credit history may soon be able to get their credit score free of charge, thanks to an amendment passed by the Senate Monday evening. The measure, part of the massive Wall Street reform bill being debated [...]

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Obama: FedsObama: Feds looking into stock market plunge

By doris | Published: May 8, 2010

Full Story at msnbc.com President Barack Obama said Friday that regulatory authorities were probing one of the wildest trading days in Wall Street history that left investors, government officials and traders scratching around for a cause.

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Investors should care about Greece

By doris | Published: May 6, 2010

Full Story at msnbc.com BOSTON – A financial tremor in one corner of the globe can leave cracks in an investment portfolio. It’s a painful lesson just as many U.S. investors are regaining their confidence. The stock market remained volatile on Wednesday. After falling 112 points earlier in the day, the Dow Jones industrial average [...]

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Wall Street reform: Senate showdown set

By doris | Published: April 20, 2010

Full Story at money.cnn.com WASHINGTON (CNNMoney.com) — With SEC charges against Goldman Sachs in the background, Democrats plan to start debating the Wall Street reform bill in the Senate this week, even as Republicans continue to say they oppose the bill. “Our bill ends too big to fail, bailouts end forever,” said Sen. Chris Dodd, [...]

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Mixed finish for stocks

By doris | Published: March 16, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — Stocks ended mixed Monday, fighting back from big losses, as investors weighed Moody’s warning about the United States’ AAA rating and a proposed bank regulation bill ahead of Tuesday’s Federal Reserve meeting. The Dow Jones industrial average (INDU) added 17 points, or 0.1%. The S&P 500 index [...]

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Big majority wants Wall Street regulation

By doris | Published: March 12, 2010

Full Story at msnbc.com WASHINGTON – An overwhelming majority of Americans wants Wall Street subjected to tougher regulation in the aftermath of the bank bailout and the bonus scandals that have rocked the U.S. financial sector, according to a Harris poll released on Thursday. The findings suggest that 82 percent of Americans want the government [...]

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Washington’s bonus tax fantasy

By doris | Published: February 9, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — The government’s plan to tax Wall Street’s bonus bounty is shaping up to be nothing more than a pipe dream. Hoping to ride the wave of populist outrage against financial firms like Goldman Sachs, lawmakers have been hard at work hatching legislative schemes aimed at reining in [...]

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