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The Nasdaq was able to shake off the lousy jobs number today, and is up 31 points in mid-day trading. Apple, Dell, and Verizon are also way up – at around 3% each – as the market waits for Washington to come to terms on another bailout relief bill. The … |
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Last week, in the middle of the worst stock market meltdown since the 1930's, U.S. Secretary Henry Paulson called on some of the banking industry's leading lights to figure a way out of this mess. Paulsen, with Lloyd Blankfein (Goldman Sachs), John Mack (Morgan Stanley), Vikram Pandit (Citigroup), Jamie Dimon … |
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The impact from the ongoing credit crisis is finally starting to translate into layoffs for the tech sector. The folks I'm talking to say that AT&T, Apple, Yahoo, Sun, eBay, Microsoft, Nortel, HP, EDS, and even Google are going to be passing around pink slips with alarming aggressiveness in weeks … |
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Well, as they say in Vegas, in for a dime, in for a dollar. Or in the case of the Congressional bailout that President Bush wasted no time whipping out his sharpie and signing into law, how about $700 billion? The revote in the U.S. House of Representatives was never … |
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The market is hovering around positive territory - but barely - after billionaire financier Warren Buffett announced that he was plugging in $5 billion to newly-minted commercial bank Goldman Sachs. The investment was seen as a vote-of-confidence in the splintered financial sector by one of America's most respected market visionaries. … |
The End.