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This story has mostly positive ratings. 2 votes / No sinks
Chinese Investment Fund Manager Pays $2.1M to Dine with Warren Buffett
Money – A Chinese investment fund manager won the chance to have lunch with billionaire Warren Buffett by bidding $2.1 million in the most expensive charity auction ever held on eBay.
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(trader-journal.com)
Submitted and
Voted for on June 29, 2008 09:31pm
This story has mostly positive ratings. 1 vote / No sinks
Dow Jones Industrial Average Tumbles 358 Points
Money – Wall Street has suffered a huge loss, with the Dow Jones Industrial Average plunges 358 points as investors contended with a barrage of bad news. A surge in oil prices past $140 a barrel and warnings of trouble in the key financial, automotive and high-tech industries created a gloomy mood across the market.
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Submitted and
Voted for on June 26, 2008 04:30pm
This story has mostly positive ratings. 1 vote / No sinks
Fed Holds Interest Rates Steady at 2 Percent
Money – With inflation moving higher on its worry list, the Federal Reserve held interest rates steady on Wednesday, ending nearly a year of cuts to bolster the economy and hinted that the next direction for rates could be up.
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Submitted and
Voted for on June 25, 2008 10:10pm
This story has mostly positive ratings. 1 vote / No sinks
U.S. Consumer Confidence Sinks to 16-year Low
Money – U.S. consumers are the gloomiest they've been since the tail end of the last prolonged recession. Inflation, sinking home values and soaring gas prices have pushed confidence to the lowest level since 1992. Consumers' view of the economic future has never been lower, raising worries that already weak consumer spending could deteriorate further.
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Submitted and
Voted for on June 24, 2008 11:30pm
This story has mostly positive ratings. 2 votes / No sinks
Investors Wait for Fed's Rate Decision This Week
Money – After the Federal Reserve's meeting this week, the Fed policymakers are expected to voice a tough stance on inflation. Talk about poor timing.
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(trader-journal.com)
Submitted and
Voted for on June 22, 2008 11:24pm
This story has mostly positive ratings. 2 votes / No sinks
Stocks Finish Sharply Lower Amid Worries
Money – Stocks capped a difficult week with steep losses on Friday amid escalating worries about the financial and automotive sectors and a rebound in oil prices. The major indexes fell by more than 1 1/2 percent on the day with the Dow Jones Industrial Average gave up more than 200 points to end at its lowest level in three months.
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Submitted and
Voted for on June 21, 2008 08:10am
This story has mostly positive ratings. 2 votes / No sinks
China Raises Prices of Oil Products
Money – China raised prices for fuel by as much as 18 percent on Friday in a move intended to cool the nation's surging energy consumption.
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(trader-journal.com)
Submitted and
Voted for on June 20, 2008 04:12am
This story has mostly positive ratings. 3 votes / No sinks
Credit Crisis Hits Second Year
Money – There are new signs that the worst of the global credit crisis is yet to come and that banks and brokerages caught up in the market turmoil may lose $1 trillion by the time it has passed.
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Submitted and
Voted for on June 19, 2008 12:40am
This story has mostly positive ratings. 6 votes / No sinks
U.S. Economy Struggles with Slow Growth
Money – Wholesale prices barreled ahead while housing and industrial activity faltered - a blend of high-costs and slow growth that ensures the Federal Reserve's most likely move on interest rates next week will be no move whatsoever.
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Submitted and
Voted for on June 17, 2008 11:15pm
This story has mostly positive ratings. 1 vote / No sinks
Microsoft Seeks Support Against Google-Yahoo Deal
Money – One day after the announcement of an agreement allowing Google to sell search ads on Yahoo's Web site, two sources familiar with the matter told Reuters that Microsoft has sought on Friday to enlist support for its opposition to the new advertising collaboration deal between Google Inc and Yahoo Inc.
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(trader-journal.com)
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Voted for on June 14, 2008 04:10am
This story has mostly positive ratings. 1 vote / No sinks
Warren Buffett Bets Hedge Fund's Picks Can't Beat S&P
Money – As a longtime critic of the fees charged by some money managers, Warren Buffett is now putting real money of $320,000 on the line, in a 10-year bet to back his long-held argument that experts don't do better than the stock market as a whole.
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(trader-journal.com)
Submitted and
Voted for on June 10, 2008 02:43am
This story has mostly positive ratings. 3 votes / No sinks
Investors Eye Oil and Retail Data This Week
Money – That economic rebound in the second half of the year so many experts have predicted, including Federal Reserve Chairman Ben Bernanke himself, is starting to look dicey.
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(trader-journal.com)
Submitted and
Voted for on June 09, 2008 03:29am
This story has mostly positive ratings. 4 votes / No sinks
China's Forex Reserves Rise to 1.76 Trillion Dollars
Money – China's foreign exchange reserves rose to 1.76 trillion dollars at the end of April, state media reported on Monday, reaching a level higher than the rest of Northeast Asia's combined.
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Submitted and
Voted for on June 02, 2008 10:44pm
This story has mostly positive ratings. 2 votes / No sinks
Tech Overtakes Financials as Largest Sector in S&P 500
Money – For the first time since the bubble burst earlier this decade, information technology stocks have overtaken financials as the largest sector by market value in the Standard & Poor's 500 index. But that alignment might not last for long as soaring oil prices have helped lift the energy sector to a close third.
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(trader-journal.com)
Submitted and
Voted for on May 24, 2008 03:41am
This story has mostly positive ratings. 2 votes / No sinks
Oil Prices Pass $129 for first time
Money – Just in time for the start of the summer driving season: Oil near $130 a barrel and gas getting closer to an average of $4 a gallon.
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(trader-journal.com)
Submitted and
Voted for on May 21, 2008 12:33am
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