financial markets

Cell Phone Sales Slow - Bad News for Apple and RIM

Wed, 08 Oct 2008 12:20:08 -0500

A coordinated effort by global central banks, led by the U.S. and the Federal Reserve Board’s 0.5% emergency rate cut today has more or less calmed the financial markets this morning (down about 100 points in mid-morning trading). I say “more or less’ because who really knows? But the economists I’m seeing and reading think that lower rates will get more people back into big ticket items like houses, cars and travel packages – a must for an economy that is being dragged down by frightened consumers. Plus, the rate cut relieves pressure on banks who either can’t or won’t find...

Meltdown advances despite efforts to limit damage

Tue, 07 Oct 2008 22:13:24 -0500

With financial markets still tumbling, the Federal Reserve is signaling that it might cut interest rates after a series of bold steps by federal regulators failed to stem the slide. Neither presidential candidate offered a solution.

Fed will provide as much as $900 in loans to banks

Mon, 06 Oct 2008 11:30:28 -0500

The Federal Reserve will provide as much as $900 billion in cash loans to squeezed banks in an urgent effort Monday to break through a dangerous credit clog that threatens the economy and has unhinged financial markets around the globe.

Treasury, Fed pledge rapid response to crisis

admin — Mon, 06 Oct 2008 09:27:45 -0500

The president’s top economic advisers are pledging to work with their counterparts around the world to restore confidence and stability to financial markets.

Wall Street’s wild swings expected to continue

admin — Sun, 05 Oct 2008 17:54:45 -0500

The world's financial markets face an uncertain and possibly volatile week as investors await details about how the Treasury will implement the government's financial rescue.

Investors expect volatility as credit woes persist

Sun, 05 Oct 2008 17:33:37 -0500

The world's financial markets face an uncertain and possibly volatile week as investors await details about how the Treasury will implement the government's financial rescue package — and watch for any further fallout from the credit crisis around the globe.

WTF?! Prosecutors will NOT go after Wall Street after all..!

Sun, 05 Oct 2008 13:00:05 -0500

Because it *might* impact financial markets, even blatant instances of insider trading, bank fraud and securities fraud will NOT be followed up on by Federal Prosecutors. Looks like they got away with it after all, folks.

Metrics: A Snarl of Regulation

Sat, 04 Oct 2008 16:20:57 -0500

Who’s to blame for the implosion of financial markets? The finger-pointing has gone in every direction, and it’s easy to see why: the regulatory structure points in every direction.

CEP: A Technology For These Uncertain Times

admin — Sat, 04 Oct 2008 00:00:05 -0500

Complex event processing software started in financial markets, but more companies are considering it to make sense of soaring data volumes.

Xstrata drops bid for platinum miner Lonmin

Wed, 01 Oct 2008 07:04:23 -0500

Anglo-Swiss mining giant Xstrata PLC dropped its US$10 billion bid for British rival Lonmin PLC on Wednesday, saying the turmoil on the financial markets makes a takeover of the world's No. 3 platinum producer too risky.