Friday, July 11, 2008
Midday Report: Fannie Mae, Freddie Mac shares crater under insolvency fears
Fannie Mae, Freddie Mac shares crater under insolvency fears
As senior Bush administration officials reportedly weighing a plan that
would see the government take over one or both of the two largest U.S.
mortgage finance firms, shares of Fannie Mae and Freddie Mac come under
renewed waves of selling pressure.
Futures Movers: Crude soars atop $147 on fresh speculation over attack
on Iran
Crude-oil futures soar to a fresh record high as mounting tensions
between Iran and the West as well as worries about supply disruptions in
Nigeria and Brazil combine to propel prices to new highs, at one point
eclipsing $147 a barrel
Economic Report: Consumers still extremely gloomy, sentiment survey
shows
U.S. consumers' mood remains extremely pessimistic, according to a
sentiment survey for July.
Apple hopes to continue winning streak with 3G iPhone
When Apple Inc. puts the new 3G version of the iPhone on sale, the
company will look to add to its decade-long string of successes in
creating the "next big thing" in technology.
