Archive for December, 2007

Wall Street starts day with a bang

U.S. stocks pushed forcefully out of the gate Friday as investors fed off of good news Research in Motion and reports of deals and investments.

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Why the Fed has lost its mojo

The Federal Reserve Board’s clout isn’t what it was during Alan Greenspan’s day. Back then the Fed looked and acted all-powerful (even though in the real world it wasn’t). Now it’s visibly failing to unfreeze key debt markets in which giant institutions lend to each other. Those markets have frozen out of fear - no one knows what hidden toxic time bombs are on other firms’ balance sheets, or even on their own. The Fed hasn’t been able to thaw the markets with interest rate cuts or by using its “discount window,” and has been reduced to trying to bribe and cajole big players into borrowing from it as a substitute for borrowing from each other. Comedown City.

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Morgan: New $5.7B writedown

Morgan Stanley posted its first quarterly loss ever Wednesday and stunned the rest of Wall Street by announcing an additional $5.7 mortgage-related writedown, while getting a $5 billion cash injection from a Chinese state-run investment fund.

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Goldman Sachs stays golden

Goldman Sachs delivered better-than-expected earnings and revenue Tuesday, once again averting the current credit market crisis.

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Stocks slump on inflation fears

Stocks opened lower Monday, continuing a selloff spurred by Friday’s higher inflation reading.

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Millionaires-in-chief

The top White House contenders are a lot richer than the rest of us. But a review of their finances shows they make the same mistakes we all make.

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Stocks hurt by inflation report

Inflation concerns plagued Wall Street at the start of trading Friday after November consumer prices came in a little above expectations.

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World’s Costliest Ski Chalets

Whether you rent or own, these properties rank as the finest worldwide.

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Stocks retreat at the open

Stocks took a hit early Thursday after some economic reports showed inflation and economic strength that could limit future interest rate cuts.

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U.K.’s Most Expensive Postcodes

Home prices are skyrocketing in London, home to the country’s 20 priciest postcodes. Also ritzy? Twenty posh places outside the big city.

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