Wall Street

Stories 521 - 540 | << Prev   Next >>

Hedge Funds in Panic on Volatility, Short-Selling Ban

Fear is main force handcuffing risk-taking investors

(Newser) - Hedge funds have been caught flatfooted as the stock market’s volatility and a ban on short selling has made it more difficult to predict swings, the New York Times reports. Many funds, which generally have flourished amid market turbulence, are reporting their worst year ever, fueling speculation that some...

After Meltdown, 'Safe Will Be the New Sexy': Cramer

'Good, clean, old-fashioned banking' is coming back in US markets

(Newser) - A new era has arrived on Wall Street, with the big investment firms falling, James Cramer writes in New York, and traditional banks with large deposit bases looking like the smartest option all along. “We’ll see a more chaste culture emerge from all of this, on Wall Street,...

Dems Bristle Over 'Blank Check' Bailout

Lawmakers vow not to rush bill like Sept. 11 legislation

(Newser) - Democratic lawmakers showed concern today over a proposed $700 billion bailout plan that Barack Obama called a "blank check," Politico reports. Sen. Patrick Leahy vowed not to repeat their post-Sept. 11 mistake—of rushing legislation that President Bush used to justify wiretapping—while others said voters may see...

Young Hopefuls Hit Hard by Credit Crunch

Interns give up dream of retiring at 35 with house in Hamptons

(Newser) - The sad eyes of interns watched Wall Street's precipitous drop all week. These "lackeys," who had worked all summer at investment firms, can no longer expect to  retire at 35 with houses in the Hamptons and "a closetful of Brioni suits and Hermès ties," David...

Wall St. Ads Must Stop Lying
 Wall St. Ads Must Stop Lying 
OPINION
Sep 20, 2008 7:11 PM CDT

Wall St. Ads Must Stop Lying

Time for banks to level with customers

(Newser) - You may see some ironic ads by flicking on CNBC. Financial companies have spent decades advertising their stability and trustworthiness, but these days such claims seem ridiculous, writes Paul Farhi of the Washington Post. As recently as Monday, AIG was running ads with the slogan “The Strength to Be...

Bush Asks Congress for $700B Bailout Fund

President urges swift action, 'and the cleaner the better'

(Newser) - The Bush administration today formally asked Congress to authorize a $700 billion fund, administered by the Treasury Department, to help troubled financial institutions unload bad debt, the Washington Post reports. The figure is $200 billion higher than legislators were led to expect yesterday, and the national debt limit would be...

Wall Street's New Rules Worry Traders
Wall Street's New Rules Worry Traders
Sep 20, 2008 11:22 AM CDT

Wall Street's New Rules Worry Traders

Temporary ban on short-selling causes fundamental shifts

(Newser) - Stocks roared back to life yesterday on the government’s actions to stabilize the markets, but many traders expressed uncertainty about the new rules of the game, the New York Times reports. The temporary ban on short selling and the new requirement to disclose such trades have wreaked havoc with...

Bernanke, Paulson Put Fear of God Into Pols

Of meeting with officials, lawmaker says: 'We have never heard language like this'

(Newser) - Lawmakers were astounded at the possible fallout of the crisis on Wall Street outlined last night by Fed chairman Ben Bernanke and Treasury Secretary Henry Paulson, the New York Times reports. “When you listened to him describe it you gulped,” New York Sen. Charles Schumer said of the...

In Fla., Obama Lays Into 'Panicked' Mac

Dem touts focus on 'Main Street,' targets state's women, retirees

(Newser) - Barack Obama criticized the administration’s response to the plight of working families today, while calling for steps to regulate large financial institutions, CNN reports. “We cannot only have a plan for Wall Street,” he said. “We must also help Main Street as well.” The Democrat...

Market Meltdown Will Handcuff Next President
Market Meltdown Will Handcuff Next President
analysis
Sep 19, 2008 12:00 PM CDT

Market Meltdown Will Handcuff Next President

Crisis will tie the hands of the incoming president

(Newser) - It will be harder for the next president to pursue grand plans in the wake of this week’s financial meltdown, writes Gerald Seib in the Wall Street Journal. Beyond its immediate impact on the campaign, the crisis has “ripple effects.” The amount of money the Fed has...

Little Guy 'Cries a Lot' as Market Hurts All Over

Investors seek options, others dip into savings for house payments

(Newser) - Wall Street’s crisis has prompted a variety of reactions in everyday lives as Americans rush to decide where to put their faith and their dollars—and try to avoid the pain, the Wall Street Journal reports. Some are pulling their money out of the markets as conditions worsen, while...

Who's Who: The Players Remaking Wall St.

(Newser) - The financial world has been rocked to its foundations in a few short days, with a handful of men making momentous decisions. The Wall Street Journal outlines the key players.
  • Henry Paulson. No Treasury chief has wielded such power. He decides whether big firms live or die via federal bailouts.
...

Paulson's New Plan: Buy Bad Wall Street Debt

Treasury chief pushes creation of agency; news lifts markets

(Newser) - The US government is considering the creation of a federal institution that would buy up bad debt from struggling Wall Street concerns, CNBC reports. Treasury Secretary Henry Paulson is reportedly pushing the proposal around Washington. By relieving financial institutions of toxic debt, they could return to lending money as per...

Wall Street's Falling Stars Burn Hollywood

Studios scale back films, lose capital

(Newser) - When Steven Spielberg is feeling a budget pinch, you know the financial crisis is bad. His hunt for financing on a new studio deal gets tougher with each day of bad news from Wall Street, Time reports. With credit as tough to come by in Hollywood as everywhere else, many...

Congress Watches Uneasily as Fed, Treasury Move Boldly

Lawmakers complain of lack of oversight, being left out of loop as feds commit billions

(Newser) - Like sports fans second-guessing officials’ calls, lawmakers are watching uneasily from the sidelines as Treasury and Federal Reserve officials pledge billions of taxpayer dollars to fight Wall Street’s meltdown, the Washington Post reports. And, while many in both parties have been convinced the moves were appropriate, they’re worried...

Cox Has Neutered SEC's Watchdog Role
Cox Has Neutered SEC's Watchdog Role
ANALYSIS
Sep 17, 2008 4:37 PM CDT

Cox Has Neutered SEC's Watchdog Role

Critics say agency has gotten soft, especially against big business

(Newser) - Under chairman Christopher Cox, the US Securities and Exchange Commission has drastically reduced the power of its enforcement division, Portfolio reports. Cox was brought in to “chill it out” after his predecessor was perhaps too zealous for White House tastes. Congress chided Cox for essentially turning down more funding,...

Candidates Get the Economy Wrong: Pundits
Candidates Get the Economy Wrong: Pundits
OPINION
Sep 17, 2008 1:50 PM CDT

Candidates Get the Economy Wrong: Pundits

McCain is out of touch and off-message; Obama is reckless

(Newser) - With the economy in trouble, John McCain and Barack Obama have been talking economics. How are they doing?
  • Not very well, says the Wall Street Journal, declaring that the candidates “appear to know more about Mars than they do about financial markets.” Obama’s offering a return to
...

Fed to Bail Out AIG With $85B Loan

(Newser) - The Federal Reserve is poised to rescue insurance giant AIG with an $85 billion loan, MSNBC reports. In return, the Fed will take an 80% stake in the company, which is one of the world's biggest insurers. The move is a reversal for the US government, but federal officials determined...

Morgan Stanley Profit Dips, But Easily Beats Forecasts
Morgan Stanley Profit Dips, But Easily Beats Forecasts
EARNINGS REPORT
Sep 16, 2008 5:40 PM CDT

Morgan Stanley Profit Dips, But Easily Beats Forecasts

(Newser) - Morgan Stanley reported a 3% percent drop in third-quarter earnings but easily beat Wall Street expectations, Bloomberg reports. The investment bank's profit fell to $1.43 billion, or $1.32 per share from $1.47 billion, or $1.38, a year ago. Analysts expected 78 cents a share. The relatively...

Both Campaigns See Risk, Reward in Wobbly Wall Street

Neither candidate is solid on market crisis, but each can spin it to his strengths

(Newser) - Wall Street’s troubles pose a challenge for both candidates, though because his party hasn’t held the White House for nearly 8 years, Barack Obama has a slight leg up, writes Gerald Seib in the Wall Street Journal. Neither ticket has a strong market background, with John McCain more...

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