One of the biggest stories right now is China. We began the week with a sell-off in Shanghai that spread to Europe and the U.S., and we saw more selling Wednesday. China’s stock market fell 20 percent in the last two weeks “sending tremors through equity markets worldwide.” Read More
Investors have been waiting for some kind of bright spot in a region that has been battered for more than a year now. But yesterday, Mark Hurd, Chairman and CEO of Hewlett Packard, with operations in more than 170 countries, told me not to believe the hype. Read More
That’s what I was told this week by Paul Laudicina, author of World Out of Balance and one of the top business consultants....He believes this recession is more than a period when many of the world’s economies shrank. I happen to agree. We will look back not too long from now and see that there have been fundamental changes as a result of the recent crisis. Read More
Stocks pared their gains on Wednesday as banks pulled back but investors remained hopeful that the worst may be over for the economy. Treasury Secretary Timothy Geithner told a Senate panel that financial markets are "starting to heal" and that a program to remove toxic assets from bank balance sheets would begin in the next six weeks. Read and listen to what experts had to say... Read More