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GraceCheng1
GraceCheng.com, a leading New York-based financial portal, is a must-read for traders and investors who want high-impact financial news, market information and opinions from the ground.
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RSSSubmitted Articles (23)
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Dow Falls On Citigroup's Profit Outlook »
Posted by: 1 year, 8 months ago in Business & Finance
After four trading days of rally, the Dow Jones Industrial Average (^DJI: 12451.19 -81.41 -0.65%) fell for the first time, weighed down ...
(read more)Read (49) | Share | Discuss (0) | Read Full Story at gracecheng.com
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Unexpected Rise In US Existing Home Sales »
Posted by: 1 year, 8 months ago in Business & Finance
US existing home sales came out better than expected, and posted the the first gain in seven months in February. The National Association of Realtors ...
(read more)Read (57) | Share | Discuss (0) | Read Full Story at gracecheng.com
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Stocks Rally On JPMorgan's Revised Offer For Bear Stearns »
Posted by: 1 year, 8 months ago in Business & Finance
y after JPMorgan (JPM: 47.27 1.30 2.83%) announced it is increasing its bid for Bear Stearns (BSC: 12.009 6.0489 101 ...
(read more)Read (71) | Share | Discuss (0) | Read Full Story at gracecheng.com
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US Stocks Ended the Week Up »
Posted by: 1 year, 8 months ago in Business & Finance
The Standard & Poor's 500 Index (^GSPC: 1329.51 31.09 2.39%) rose 3.2% to 1,329.51 this week, posting its first ...
(read more)Read (70) | Share | Discuss (0) | Read Full Story at gracecheng.com
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S&P Cuts Credit-Rating Outlook of Goldman and Lehman »
Posted by: 1 year, 8 months ago in Business & Finance
On Friday, Goldman Sachs (GS: 179.63 13.14 7.89%) and Lehman Brothers (LEH: 48.65 6.42 15.20%) had their credit-rating outlook ...
(read more)Read (79) | Share | Discuss (0) | Read Full Story at gracecheng.com
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US Dollar Rebounds On US Stock Rally »
Posted by: 1 year, 8 months ago in Business & Finance
Traders continue to pare their short USD positions against major currencies like the Euro, Swiss franc, Japanese yen and the British pound. Although interest rate ...
(read more)Read (48) | Share | Discuss (0) | Read Full Story at gracecheng.com
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Fed's Big Rate Cut Lifts Global Stocks »
Posted by: 1 year, 8 months ago in Business & Finance
The resemblance is uncanny. On Tuesday, US stocks had the biggest rally in five years, just like one week ago exactly, thanks to better-than-estimated earnings ...
(read more)Read (50) | Share | Discuss (0) | Read Full Story at gracecheng.com
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Brokerage Stocks Nosedive On Bear Fallout »
Posted by: 1 year, 8 months ago in Business & Finance
Everyone seems to have mixed opinions on whether or not JPMorgan Chase (JPM: 40.31 0.00 0.00%) got a good deal by paying ...
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US Dollar Tumbles Ahead of FOMC Meeting »
Posted by: 1 year, 8 months ago in Business & Finance
March 17th, 2008 - The New York Fed's Empire State general business conditions index fell to -22.23 in March from -11.72 in February ...
(read more)Read (75) | Share | Discuss (0) | Read Full Story at gracecheng.com
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Bear Stearns Is Now Worth $2 Per Share »
Posted by: 1 year, 8 months ago in Business & Finance
On Sunday evening New York time, JPMorgan Chase (JPM: 36.54 0.00 0.00%) announced it will acquire rival Bear Stearns (BSC: 30.00 ...
(read more)Read (79) | Share | Discuss (0) | Read Full Story at gracecheng.com
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Dollar Plunges After Fed's Surprise Rate Cut »
Posted by: 1 year, 8 months ago in Business & Finance
The US dollar is crashing, and this is no alarmist statement. The greenback fell sharply in the Asian trading session Monday against the Euro, Japanese ...
(read more)Read (48) | Share | Discuss (0) | Read Full Story at gracecheng.com
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Shorting Frenzy in the Stock Markets »
Posted by: 1 year, 8 months ago in Business & Finance
US stocks gyrated through a rough rollercoaster ride this past week: they jumped super high and they fell super fast. After news of Bear Stearns ...
(read more)Read (46) | Share | Discuss (0) | Read Full Story at gracecheng.com
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Steep Selloff of Bear Stearns Stocks »
Posted by: 1 year, 8 months ago in Business & Finance
This is the biggest news of the day: Bear Stearns, the second-largest underwriter of US mortgage bonds, is in big trouble and has approached the ...
(read more)Read (91) | Share | Discuss (0) | Read Full Story at gracecheng.com
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EU Leaders Mentioned Forex In Unprecedented Move »
Posted by: 1 year, 8 months ago in Business & Finance
Instead of just letting central bankers and finance ministers do the talking about the forex markets and currencies, European Union leaders on Friday have taken ...
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US Dollar Falls Sharply On Recession Fears »
Posted by: 1 year, 8 months ago in Business & Finance
The US economy is doing badly. US retail sales declined 0.6% in February following a 0.4% gain in January. This was worse than ...
(read more)Read (50) | Share | Discuss (0) | Read Full Story at gracecheng.com
