All Entries Tagged With: "Stock Market"
FTSE 100 surges, hope of recovery
The FTSE 100 went through the 4000 point mark at early trade today, jumping to 4026.2 up 165.3 point or 4.5 percent, giving hope that the London Stock market can stand strong and hold its own amid the talk the next industry to be the victim of the global crisis to be the UK insurance [...]
Stock market update: Stocks Soar
Columbus day saw the stocks soaring, with the Dow Jones Industrial index jumping up 11.1 percent or 936.4 points to close at 9,387.6, the NASDAQ also gained a massive 11.8 percent or 195.7 points to close at 1,844.3.
The FTSE 100 surged up by 8.3 percent or 324.8 points to close at 4,256.9; FTSE 250 closed
Dow Jones Industrial tumbles: GM stock hit 58-year low
October 9 the Dow Jones Industrial Average for the first time since 2003 fell below 9,000 as consumer spending slowed down and borrowing rate soared. Now it seems that energy companies, insurers and car makers are likely to be the next victim of the credit crisis.
Car manufactures saw huge downslides, General Motors Corp (NYSE:GM) saw [...]
British Pound and the Euro fall against the US dollar
The pound was down 1.7 cents at $1.7543 while the Euro was down 1.8 cents to $1.3590 amid the growing fears about the lack of corresponding action by the European governments towards the banking
National City Bank shares up as US senate decide on bailout
As investors flooded financial stocks Wednesday ahead of the US rescue package senate vote, National City bank gained in share value.
National City Corporation share price surged up 65.1 percent or $1.14 to $2.89, although this is
Bradford & Bingley update: Taxpayers could end up paying billions
Bradford and Bingley who are one of the biggest buy-to-let operators is close to being nationalised by the Government, B&B have been frantically looking for a private buyer but has not managed to
SHO list implemented by SEC to tighten rules on short selling
The implementation of Regulation SHO was put in place by the Securities and exchange Commission (SEC) to create a rule to of addressing continual failures to deliver stock on
Seoul shares gain 2 percent after mortgage news
Seoul shares have extended their gains by 2 percent higher on Friday afternoon; this is showing that there is a regional recovery. Most of this recovery is a direct result of the U.S. Government coming in and taking over from troubled banks Fannie Mae and Freddie Mac.
Fannie Mae and Freddie Mac shares fall more than 15%
Fannie Mae and Freddie Mac have seen a 15% fall in their shares and it looks as though IndyMac are also in trouble. The drop in shares is a sign that confidence in these two government-sponsored mortgage companies is at an all time low.
Shares on Monday for Fannie and Freddie hit a 14 year low, [...]
Bradford & Bingley (B&B) shares continue to fall
We reported yesterday that Bradford & Bingley (B&B) shares were down 14% to 43p, well the troubled bank face fresh problems on Tuesday as their losses have accelerated.
As at 8:38 a.m, the stock in B&B has fallen 26% to a new low of 32.5 pence, this is far below its planned rights issue price of [...]