Friday, January 11, 2008
Markets Friday, 01/11/2008
| Dow : 12606.30 down 246.79
| S & P : 1401.02 down 19.31
| NASDAQ: 2439.94 down 48.58
| Bond (10Y): 3.78%, 103.78
MARKETS:
Stocks get pummeled
Wall Street suffers big selloff after AmEx profit warning, possible
Merrill Lynch writedowns revive recession fears.
Gold tops $900 on possible rate-cut; up $32 in week
Gold tops $900 on possible rate-cut; up $32 in week
Gold futures nudged to within 10 cents of the $900 per-ounce level in
electronic trading Friday, extending a record run after comments by
Federal Reserve Chairman Ben Bernanke were widely interpreted as
signaling further rate cuts.
Market Snapshot: Stocks close sharply lower; Dow off 658 points since
year began
U.S. stocks dropped steeply on Friday, socking the Dow industrials with
triple-digit losses, as write-downs in the financial sector signaled
slowing consumer spending and sparked more talk of a recession.
Economic Report: U.S. import prices unchanged in December
WASHINGTON
Prices of goods imported into the United States were unchanged in
December after rising by an upwardly revised 3.3% in November, the Labor
Department reported Friday.
Capitol Report: Dramatic change of tone at the Federal Reserve
SAN FRANCISCO
It looks like the Federal Reserve might finally get it: the risks of a
recession outweigh the risks of inflation.
Bank of America to buy Countrywide Financial for $4 billion
Bank of America said Friday it's buying Countrywide Financial for $4
billion, confirming rumors that first emerged Thursday, in a move that
will make it the top mortgage lender and loan servicer in the U.S.
Dow industrials down 300 as closing bell nears
BULLETIN
Dow industrials down 300 as closing bell nears
1/11/2008 3:23:06 PM
Stocks end another torturous week lower as investors react to recession fears, Merrill writedown worries and AmEx woes.
Stocks end another torturous week lower as investors react to recession
fears, Merrill writedown worries and AmEx woes.
Dow industrials down nearly 240 points to intraday low as selling intensifies
BULLETIN:
Dow industrials down nearly 240 points to intraday low as selling
intensifies
1/11/2008 1:23:01 PM
Dow sheds 175 points as write-downs weigh on financials
Dow sheds 175 points as write-downs weigh on financials
U.S. stocks drop steeply, quickly knocking more than 175 points off the
Dow industrials, as write-downs for American Express Co. and,
reportedly, Merrill Lynch & Co. weigh heavily on the equities market.
Bank of America to buy Countrywide Financial for $4 billion
Bank of America said Friday it's buying Countrywide Financial for $4
billion, confirming rumors that first emerged Thursday, in a move that
will make it the top mortgage lender and loan servicer in the U.S.
Merrill Lynch reportedly facing a massive write-down
LOS ANGELES
The nation's largest brokerage firm, Merrill Lynch & Co., is expected to
report losses of $15 billion stemming from soured mortgage investments,
according to a published report Friday.
Weak December retail sales spark 2008 concern
U.S. retailers reported disappointing holiday sales in December, which
in turn sparked some profit warnings, after promotions, last-minute
shopping and gift-card redemptions failed to turn around lackluster
performance in the largest sales month of the year.
China's trade surplus narrows in December on greater imports
HONG KONG
China's trade surplus contracted in December, narrowing for the second
straight month, as strong domestic consumption and higher commodity
prices led to faster growth in imports.
Breaking News: Bank of America to buy Countrywide for $4B
CHARLOTTE (AP) - Bank of America Corp. said Friday it has agreed to buy
Countrywide Financial for $4 billion, a deal that rescues the country's
largest mortgage lender.
U.S. trade gap in surprise growth to $63.1 billion in November.
U.S. trade gap in surprise growth to $63.1 billion in November.
Dow industrials down as much as 144 points early Frday
BULLETIN:
Dow industrials down as much as 144 points early Frday
1/11/2008 9:41:10 AM
Thursday, January 10, 2008
American Express to take a $440 million charge in 4th quarter due to a slowdown in cardmember spending.
American Express to take a $440 million charge in 4th quarter due to a
slowdown in cardmember spending.
Markets Thursday, 01/10/2008
| Dow : 12853.09 up 117.78
| S & P : 1420.33 up 11.20
| NASDAQ: 2488.52 up 13.97
| Bond (10Y): 3.88%, 102.91
MARKETS:
Stocks rise on Countrywide
Wall Street soars on reports that troubled mortgage lender is in talks
with Bank of America. Investors also mull Bernanke's hints of another
rate cut.
Market Briefing Newsletter for Thursday, 01/10/2008
| Dow : 12853.09 up 117.78
| S & P : 1420.33 up 11.20
| NASDAQ: 2488.52 up 13.97
| Bond (10Y): 3.88%, 102.91
MARKETS:
Stocks rise on Countrywide
Wall Street soars on reports that troubled mortgage lender is in talks
with Bank of America. Investors also mull Bernanke's hints of another
rate cut.
U.S. stocks surge to end volatile day higher; Dow up 117
U.S. stocks surge to end volatile day higher; Dow up 117
U.S. stocks lost ground on Thursday after credit-card issuer Capital One
Financial Corp. undershot its profit forecast and major retailers
reported weak December sales, intensifying concerns about the economy's
malaise.
Bank of America reported in talks to buy Countrywide
Bank of America is in advanced talks to acquire Countrywide Financial,
possibly stepping in to save the struggling mortgage lender, The Wall
Street Journal reported on Thursday, citing unidentified people familiar
with the matter.
Delta shares soar as airline moves closer to merger talks
Delta Airline shares jumped more than 12% Thursday on the renewed
potential of a merger following various reports that people within the
company is mulling a potential merger with either United Airlines or
Northwest Airlines.
Weak December retail sales spark 2008 concern
U.S. retailers reported disappointing holiday sales in
December, which in turn sparked some profit warnings, after promotions,
last-minute shopping and gift-card redemptions failed to turn around
lackluster performance in the largest sales month of the year.
Mortgages: Rate on 30-year fixed mortgage at lowest in more than two
years
Weak economic conditions pressured U.S. mortgage rates this week, with
the 30-year fixed-rate mortgage falling to its lowest level since
September 2005.
Forums in Chinese:
如何看中國的醫療保健？
In 網上互動
如何看中國的醫療保健制度？中國的醫療保健應該靠政府福利，還是應該靠市場解決？
More...go to
http://www.bloglines.com/blog/johnDispatch
Wholesale inventories getting even leaner
Wholesale inventories getting even leaner
WASHINGTON
Higher oil prices sent sales of U.S. wholesalers up 2.2% in November,
the biggest gain in more than two years, the Commerce Department
reported Thursday.
Market Snapshot: U.S. stocks decline on weak retail sales, Capital One
warning
U.S. stocks lost ground on Thursday after credit-card issuer Capital One
Financial Corp. undershot its profit forecast and major retailers
reported weak December sales, intensifying concerns about the economy's
malaise.
Weak December retail sales spark 2008 concern
U.S. retailers reported disappointing holiday sales in
December, which in turn sparked some profit warnings, after promotions,
last-minute shopping and gift-card redemptions failed to turn around
lackluster performance in the largest sales month of the year.
Forecaster of the Month: Year's top forecaster is getting nervous
WASHINGTON
The most accurate forecaster in December and for all of 2007 is getting
a bit nervous about his call that the U.S. economy will avoid recession
this year. S
Fed chief Ben Bernanke says the central bank is ready to cut interest rates again, AP reports.
Fed chief Ben Bernanke says the central bank is ready to cut interest
rates again, AP reports.
Fw: Fed chief Ben Bernanke says the central bank is ready to cut interest rates again, AP reports.
Fed chief Ben Bernanke says the central bank is ready to cut interest
rates again, AP reports.
Wednesday, January 09, 2008
Market Briefing Newsletter for Wednesday, 01/9/2008
| Dow : 12735.31 up 146.24
| S & P : 1409.13 up 18.94
| NASDAQ: 2474.55 up 34.04
| Bond (10Y): 3.82%, 103.44
MARKETS:
Stocks pull off comeback
Wall Street bounces back as investors scoop up shares hit in the recent
selloff.
Rates below 6% on some mortgages signals good time to refinance
Rates below 6% on some mortgages signals good time to refinance
BOSTON
Greg McBride, senior financial analyst for Bankrate.com, says interest
rates on home loans have fallen by roughly half a percentage point since
Christmas as lenders have taken a dour outlook on the economy and
projected it forward.
Futures Movers: Crude down on concerns U.S. may fall into recession
SAN FRANCISCO
Crude-oil futures ended Wednesday's volatile session modestly lower as
worries about a possible U.S. recession outweighed an eighth week of
declining U.S. crude inventories.
Market Snapshot: U.S. stocks close with strong gains on bargain-buying
binge
U.S. stocks bounce around, lifted in part by an upbeat forecast from
DuPont but tempered by a recession forecast from Goldman Sachs.
Alcoa to kick off downbeat round of earnings reports
SAN FRANCISCO
Get ready for a roller-coaster of an earnings season.
The Fed: Investment professionals blew it, Fed's Poole says
WASHINGTON
Investment professionals' "shortsightedness" led them to make
fundamental errors that led to the mortgage crisis and credit meltdown,
St. Louis Federal Reserve President William Poole said Wednesday.
Goldman Sachs: Brace For Recession In 2008
January 9, 2008
9 U.S. Troops Killed In Iraq
Nine American soldiers were killed in the first two days of a new
American drive to kill al Qaeda in Iraq fighters holed up in districts
north of the capital, the U.S. military reported.
--------------------
Politics
Mitt Romney Sets Sights On Michigan
Mitt Romney is hoping to tap into the economic unease here to help
revive his presidential chances in next Tuesday's primary. In return,
Michigan is hoping to make sure he'd be a friend in the White House.
--------------------
SciTech
Study: Prairie Grass Produces Ethanol
New research shows that prairie grasses grown using only moderate
amounts of fertilizer on marginal land can produce significant amounts
of ethanol.
--------------------
Business
Goldman Sachs: Brace For Recession In 2008
Get ready for the recession. That's the advice from Goldman Sachs. The
world's most profitable security firm is forecasting a contraction in
economic activity likely to last two to three quarters. It would be the
first recession in six years.
Stocks snap back in a late-session rally as investors put economic worries aside and opt to pick up bargains.
Stocks snap back in a late-session rally as investors put economic
worries aside and opt to pick up bargains.
U.S. stocks start higher as DuPont raises forecast
U.S. stocks move higher, lifted in part by a raised 2008 forecast from
chemicals giant and Dow industrials component DuPont but tempered by a
recession forecast from Goldman Sachs.
DuPont says global farm growth to boost 2008 profit outlook
NEW YORK
E.I. du Pont de Nemours & Co. expects 2007 profit to come in at the
upper end of its previously forecast range of $3.15 to $3.20 a share,
thanks to emerging-market growth, particularly for its agriculture and
nutrition business, the chemicals giant said Wednesday.
Bond insurer MBIA slashes dividend to preserve capital
NEW YORK
MBIA Corp. is cutting its quarterly dividend by 62% as part of a plan to
preserve capital and maintain it's all-important AAA credit rating, the
bond insurer said Wednesday.
Marks & Spencer shares tumble after weak sales update
LONDON
Shares in Marks & Spencer tumbled as much as 21% Wednesday after
Britain's iconic clothing retailer reported declining same-store sales
in a further sign that the credit crunch has hit consumer spending.
Oil prices rebound after bigger-than-expected drop in crude inventories.
Oil prices rebound after bigger-than-expected drop in crude
inventories.
MBIA cuts quarterly dividend to 13 cents from 34 cents
BULLETIN
MBIA cuts quarterly dividend to 13 cents from 34 cents
1/9/2008 8:17:57 AM
Tuesday, January 08, 2008
Markets Tuesday, 01/8/2008
| Dow : 12589.07 down 238.42
| S & P : 1390.19 down 25.99
| NASDAQ: 2440.51 down 58.95
| Bond (10Y): 3.77%, 103.91
MARKETS:
Wall Street's terrible Tuesday
Stocks sink for fifth of six sessions in 2008 after jump in consumer
credit, AT&T warning add to recession fears. Weak housing news and
spiking oil and gold prices also factor.
U.S. stocks plunge in late trading; Nasdaq falls for 8th day
U.S. stocks plunge in late trading; Nasdaq falls for 8th day
U.S. stocks fell sharply Tuesday as Countrywide Financial Corp. denied
bankruptcy speculation and AT&T Inc. pointed to softness in its
broadband and phone line business, pushing the Nasdaq Composite into an
eighth day of losses.
Countrywide says it's not filing for bankruptcy as shares slump
Countrywide Financial said that it's not filing for bankruptcy as
speculation swirls about the mortgage lender needing billions of dollars
in extra cash to survive.
CES notebook: Comcast gets a big seat at the table
CES notebook has the latest dispatches from the Consumer Electronics
Show in Las Vegas.
The Fed: Three banks wanted bigger rate cut; two wanted none
Federal Reserve officials disagreed sharply in early December about
whether the Fed should cut interest rates aggressively or not at all,
according to the latest minutes.
New Hampshire voting underway as candidates push 'change'
WASHINGTON
White House hopefuls made their final push to score votes in New
Hampshire on Tuesday as residents there flocked to the polls to begin
casting their ballots in the next critical step in the U.S. presidential
nominating process.
Dow industrials down more than 200 points near the close
BULLETIN
Dow industrials down more than 200 points near the close
1/8/2008 3:51:01 PM
Stocks tumble as Nasdaq marks its 8th straight loss. Dow has shed more than 600 points since start of 2008.
Stocks tumble as Nasdaq marks its 8th straight loss. Dow has shed more
than 600 points since start of 2008.
Fed was split on December rate cut: minutes
BULLETIN
Fed was split on December rate cut: minutes
1/8/2008 2:03:17 PM
U.S. stocks higher as CEO changes bolster market
U.S. stocks higher as CEO changes bolster market
NEW YORK
U.S. stocks gained Tuesday as an executive shakeup at Starbucks Corp.
prompted an upgrade of the coffee chain and as investors reacted to a
report that Bear Stearns Cos.' chief executive plans to give up the
post.
Economic Report: Pending home sales sink 2.6% in November
Sales contracts on previously owned homes fall by 2.6% in November, a
sign that home sales could continue to decline.
Bear Stearns' Cayne to step down as CEO: report
SAN FRANCISCO
Battered by embarrassing losses at two big hedge funds, a distressed
share price and a weakened balance sheet, James Cayne is reportedly
relinquishing the post of chief executive at Bear Stearns Cos. and
retreating to his chairman's office.
Schultz takes back over at Starbucks
Starbucks taps its former leader in a bid to steer the struggling coffee
retailer in the right direction.
Candidates promise change in last push in New Hampshire
WASHINGTON
White House hopefuls made their final push to score votes in New
Hampshire on Tuesday as residents there prepared to case their ballots
in the next critical step in the U.S. presidential nominating process.
News Alert: 1/08/2008
美國經濟已經"開始衰退"
金融財經
美林證券（Merrill
Lynch）公布報告說，美國經濟已經開始衰退。
More...go to
http://www.bloglines.com/blog/johnDispatch
Realtors' pending home sales down 2.6% in latest month, weaker than forecast; 3rd weakest reading ever.
Realtors' pending home sales down 2.6% in latest month, weaker than
forecast; 3rd weakest reading ever.
Coffee giant Starbucks fires CEO Jim Donald who'll be replaced effective immediately by company chairman Howard Schultz.
Coffee giant Starbucks fires CEO Jim Donald who'll be replaced effective
immediately by company chairman Howard Schultz.
Monday, January 07, 2008
Markets Monday, 01/7/2008
| Dow : 12827.49 up 27.31
| S & P : 1416.18 up 4.55
| NASDAQ: 2499.46 down 5.19
| Bond (10Y): 3.83%, 103.38
MARKETS:
Stocks ward off losses
Wall Street manages to stabilize at the end of a rollercoaster day.
Paulson speech, Iran confrontation and falling oil prices all factor
into a choppy session.
U.S. stocks sputter to mixed close; Nasdaq extends losing streak
U.S. stocks sputter to mixed close; Nasdaq extends losing streak
U.S. stocks wobbled Monday, with the Nasdaq extending losses into a
seventh session, as equities trade fluctuated between worries about the
economy and buyers swooping in to pick up shares in the wake of Friday's
steep price drop.
Will 2008 mark New Hampshire's last hurrah?
LOS ANGELES
For years the tiny state of New Hampshire has served as the best first
indicator of how a presidential candidate will do, and may well prove to
be a good measure this year as well when voters there cast ballots
Tuesday in the nation's first primary.
Gates bids farewell to tech gathering
LAS VEGAS
Bill Gates took the opportunity in his latest keynote address at the
annual Consumer Electronics Show on Sunday to bid an early farewell to
the industry.
Therese Poletti's Tech Tales: Commentary: No CES tears; Microsoft must
look to the future
LAS VEGAS
Microsoft Corp. and Chairman Bill Gates have fun every year jesting
about the more human side of the world's richest man during his keynote
and video at the Consumer Electronics Show.
MarketWatch First Take: McDonald's might win some converts in coffee
quest
Here comes the McLatte. Word that McDonald's Corp. is taking aim at
Starbucks Corp. by rolling out coffee bars in its almost 14,000 U.S.
locations isn't surprising. For years the hamburger chain has been
looking to snag the Starbucks customer -- someone who's happy to pay a
steep premium for a relatively cheap product.
U.S. stocks drop as early rally on oversold conditions fades
U.S. stocks drop as early rally on oversold conditions fades
U.S. stocks on Monday retreated from an initial bid higher, losing
traction amid a dearth of news to keep the equities higher. .
Investors seeking control of CNet: report
A group of investment funds has reportedly acquired a 21% stake in the
online media company CNet Networks and is seeking to take over the
company's board.
Futures Movers: Crude oil declines 2% on economic concerns
Crude-oil futures decline 2%, as traders lock in gains amid lingering
worries that a worsening economic slowdown could lower U.S. oil demand.
Gates bids farewell to tech gathering
LAS VEGAS
Bill Gates took the opportunity in his latest keynote address at the
annual Consumer Electronics Show on Sunday to bid an early farewell to
the industry.
Treasury Secretary Paulson says there are no simple solutions to solve housing crisis, AP reports.
Treasury Secretary Paulson says there are no simple solutions to solve
housing crisis, AP reports.
Treasury Secretary Paulson says there are no simple solutions to solve housing crisis, AP reports.
Treasury Secretary Paulson says there are no simple solutions to solve
housing crisis, AP reports.
Before the Bell: January 7, 2008
Early action signaled opening gains as investors debated what stocks to
buy in an economic slowdown and portfolios were repositioned
accordingly.
