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As I watched Yankee legends and their families take the field last night before the final game at the 85 year old House that Ruth Built, I was amazed again by how many winning years they have had. 26 World Series Championships in 85 years - the most wins of any professional sports franchise in history. Did the positive energy from the wins flow down the East River to Wall St. and lift the markets those years?
Stocks declined Monday as investors have begun to realize that, despite the government bailout, there's more pain to come.
Forgive me for not quite grasping all the shock and panic of the last week. Maybe distance adds perspective, or ignorance.
Stocks opened lower Monday as Friday's euphoria cooled with investors realizing that financial woes could go on for quite some time and a fresh wave of new developments emerged.
Much has been made in this Presidential campaign – and much more will be made – about the value of experience and who is qualified to lead. Often, relative youth is cited as a negative.
US stock index futures were lower ahead of the open on Monday, as Friday's euphoria cooled with investors realizing banks are still facing severe hits to balance sheet valuations and limited future earnings despite a financial bailout plan from the government.
Futures are practically unchanged, with many traders noting this morning that hedge fund and mutual fund companies are continuing to see redemptions, and the profit outlook is still poor. As a result, there is debate about how strong buying interest will be here.
This week's wild ride on Wall Street literally mimicked a rollercoaster ride: a couple of stomach-turning drops before coasting to the end and dropping you off exactly where you started. After being down by nearly 1000 points at Wednesday's close, the Dow clawed back those 1000 points in the following two days leaving the blue-chip index off just about 40 points from where it ended last Friday!
Steven Spielberg and his team at Dreamworks SKG have finally completed their $1.2 billion financing deal with Indian entertainment conglomerate Reliance ADA Group. Notably, this gives Spielberg the financial backing to leave Viacom's Paramount Pictures and will likely force some sort of change or restructuring at the studio.
Several companies with large operations in the financial services sector are looking to be added to the government's list of stocks that cannot be sold short.
The American Bankers Assocation has objected to the plan to guarantee money market funds on the grounds that it will REDUCE deposits in the nation's banks. Huh? I just got off the phone with them, here's their reasoning...
The curb on short sales is giving the market a big lift now, but what happens in two weeks when the ban expires?
General Electric is expected to be added to a list of financial stocks that can no longer be sold short, according to people familiar with the situation.
Stock-market investors prefer bulls -- but is it time to get back in? Harbor Advisory CIO Jack DeGan suggests that value investors take half a position in some stocks now, and wait to invest the rest. (Part 2)
Stock-market investors prefer bulls -- but is it time to get back in? Harbor Advisory CIO Jack DeGan suggests that value investors take half a position in some stocks now, and wait to invest the rest. (Part 1)
The experts have their say on whether any investment banks can go it alone.
Wall Street suffered another beating Wednesday at the hands of investors panicking over the state of large banks, as they flocked from stocks and sent safe-haven areas like gold soaring.
Republican presidential candidate John McCain, struggling to strike the right note amid roiling financial markets and a Wall Street restructuring, on Wednesday softened his opposition to a bailout of mega-insurer AIG that he had flatly ruled out a day earlier.
Insurance companies have gotten away from their core competencies and that is "dangerous," said New York State Insurance Superintendent Eric Dinallo.
Former Allstate CEO Edward Liddy will be the new CEO of AIG, which was rescued by an $85 billion loan from the Fed, in exchange for an 79.9% stake in itself.