Treasurys stall after initial surge
Miami Herald - Treasurys gave back much of a vigorous rally in late trading Wednesday when a sagging stock market suddenly regained strength and stopped the flow of money into bonds. The volatile price swings typify the uncertainty that has swept the markets in
Who’s Blogging
Washington Post - The Dow and the S&P 500 rose late Wednesday, rebounding from earlier losses of more than 2 percent each, as investors purchased back shares they’d bet against and the banking sector gained. “Oil markets shrugged off yesterday’s unexpected (Federal
Bernanke Battles Wrong Ghost in Deflation Specter: Amity Shlaes
Bloomberg - In the same 2002 speech where he talked about the Depression’s price decreases, he noted that Japan’s troubles in the 1990s were in part due to the country’s unwillingness to reform its banking and financial industries. The focus, however
Dodd Seeks U.S. Program to Purchase `Distressed’ Mortgages (Update2)
Bloomberg - Jan. 23 (Bloomberg) — Senate Banking Committee Chairman Christopher Dodd proposed creating a federal program to buy “very distressed” mortgages at steep discounts as part of economic stimulus legislation being developed in Congress. The Federal
Correction: Hollywood labor story
Miami Herald - The Miami Herald is pleased to provide this opportunity to share information, experiences and observations about what’s in the news. Some of the comments may be reprinted elsewhere in the site or in the newspaper. We encourage lively, open debate on
Stocks Shave Early Losses
Forbes - Meanwhile, an upgrade from Bear Stearns analysts gave a boost to the banking sector, after the brokerage upgraded the large-cap bank sector to “market overweight” from “market underweight.” Dow components Citigroup (nyse: C - news -
Canaccord Adams Hires Bobby Burleson to Cover Semiconductor Devices
Forbes - Earlier in his career, he was in the Semiconductor Research group at Thomas Weisel Partners and also worked as an investment banking analyst with Banc of America Securities. Burleson holds a BA from the University of California at Berkeley. “I am very
Dutch court overturns terror convictions
Miami Herald - An appeals court in the Netherlands on Wednesday overturned the convictions of seven men on charges they belonged to a terrorist network. The seven were associates of Mohammed Bouyeri, who is serving a life sentence for the 2004 murder of filmmaker
The Sovereign Wealth Fund sell signal: James Saft
Reuters - LONDON (Reuters) - They might be bailing out the banking system, they certainly are bailing out errant corporate boards, but sovereign wealth funds are also likely a huge, fat sell signal for investors holding shares in the companies they back. Say
Fed caves to Wall Street in moment of panic
Baltimore Sun - As the country’s premier banking regulator, the Fed’s job is to ensure that consumers and businesses can tap credit as part of an effort to promote high employment and low inflation. There may have been a compelling case under that standard to slash
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