Category Archives: Wall Street

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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Goldman’s Blankfein collects $9 million bonus

By doris | Published: February 8, 2010

Bonus, given again. Why so much to handle money? What did he and all the others do to desire that big of a bonus? A lot of Americans do a good job every day and we are lucky we get paid. I didn’t understand why they have to get so much for a bonus. Full [...]

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Is a bonus tax in our future?

By doris | Published: December 14, 2009

Full Story atmoney.cnn.com NEW YORK (Fortune) — The odds aren’t on its side, but a bonus tax could happen in the United States too. The United Kingdom this week slapped a 50% tax on bankers’ bonuses above about $40,000. The one-time tax will be paid by all banks with employees in the country. France pledged [...]

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Sweeping bank reform bill clears House

By doris | Published: December 12, 2009

Full Story at money.cnn.com WASHINGTON (CNNMoney.com) — The House passed legislation Friday aimed at preventing the next big financial crisis, ushering in the most sweeping set of changes to the banking regulatory system since the New Deal. The bill, which passed 223-202, imposes more oversight and stronger capital cushions for the largest banks and Wall [...]

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Stock markets to focus on jobs

By doris | Published: December 10, 2009

Full Story atmoney.cnn.com NEW YORK (CNNMoney.com) — Stocks were poised for a mixed start Thursday as investors awaited some reports on the labor market. Dow Jones industrial average futures were lower, while Nasdaq-100 and S&P-500 futures were up slightly. Futures measure current index values against their perceived future performance and offer an indication of how [...]

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Time to drain Wall Street bonus pool?

By doris | Published: November 6, 2009

Full Story atmoney.cnn.com NEW YORK (Fortune) — Is the Fed about to hit the brakes on the Wall Street gravy train? A year after they survived the financial meltdown with considerable taxpayer help, Goldman Sachs (GS, Fortune 500) and Morgan Stanley (MS, Fortune 500) stand to spend $35 billion combined this year on employee compensation. [...]

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Wall Street’s broken rally

By doris | Published: November 2, 2009

Full Story at money.cnn.com NEW YORK (CNNMoney) — Last week’s big selloff did more than just rattle investors: it put an end to a seven-month win streak that had pushed the S&P 500 more than 60% above the March lows. While the monthly decline was small — less than 2% — it emerged after a [...]

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Microsoft wows the Street

By doris | Published: October 24, 2009

Full Story atmoney.cnn.com NEW YORK (CNNMoney.com) — Microsoft Corp.’s stock soared early Friday after the software giant reported quarterly sales and profit that fell from year-ago results but easily beat Wall Street’s forecasts. Shares of Microsoft (MSFT, Fortune 500) rose more than 10% in early trading. It surged as high as $29.35 at the open, [...]

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Wall Street set for mild start

By doris | Published: October 16, 2009

Full Story atmoney.cnn.com LONDON (CNNMoney.com) — U.S. stock futures rose Friday, supported by solid results from Google, although gains were slight as investors awaited more earnings reports. At 4:41 a.m. ET, S&P 500, Nasdaq-100 and Dow Jones industrial average futures were a shade higher. Futures measure current index values against their perceived future performance and [...]

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Stocks set for flat start

By doris | Published: October 13, 2009

Full Story at CNNMoney.com LONDON (CNNMoney.com) — U.S. stock futures edged lower Tuesday as investors expressed caution ahead of a slew of earnings reports. At 4:45 a.m. ET, S&P 500, Nasdaq-100 and Dow Jones industrial average futures were a shade lower. Futures measure current index values against their perceived future performance and offer an indication [...]

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Riding the bull a little longer

By doris | Published: September 21, 2009

Full Story atmoney.cnn.com NEW YORK (CNNMoney.com) — With little on the docket to challenge investor optimism, the defiantly bullish stock market is looking to extend its staggering run in the week ahead. And why not? Wall Street has shaken off pervasive calls for a September selloff and warnings about the still-struggling economy, managing frequent, fresh [...]

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Dow nears one-year highs

By doris | Published: September 19, 2009

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — Wall Street stretched to new one-year highs Friday as investors weighed economic optimism with jitters about the pace of the rally amid the “quadruple witching,” a big quarterly options expiration. The Dow Jones industrial average (INDU) gained 36 points, or 0.4%. The blue-chip average closed at its [...]

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