“Financial markets” on The Daily Caller

DUBLIN (AP) — Ireland’s international bailout boosted its bank stocks Monday but outraged many hard-pressed taxpayers, who questioned why the government’s pension reserves must be ravaged as part of a deal that burdens the whole country with the mistakes of a rich elite. (more)

CARACAS, Venezuela (AP) — President Hugo Chavez is promising to build new public housing complexes, boost social programs and renovate the long-neglected Caracas subway — and he needs money. (more)

When a government sells stock in a company, it is usually trying to maximize short-term revenue. Therefore, the share price is normally pegged at what the market will bear. If the valuation of the total stock offering is less than the value of the company (or a portion thereof) being sold, something is amiss. That is certainly the case with the initial public offering of GM stock sold to investors on November 17. The stock price is telling us something the federal government doesn’t want to admit, all the rhetoric about the supposed success of the GM bailout notwithstanding. (more)

NEW YORK (AP) — Stock markets steadied themselves Wednesday after four days of declines as Ireland discussed a bailout with the European Union and Britain pledged support to help the struggling country. (more)

BRUSSELS (AP) — Europe’s debt crisis hit a critical juncture Tuesday, as finance ministers tried to keep Ireland’s market turmoil from triggering a domino effect that could topple other vulnerable nations like Portugal and rock the region’s currency union and shaky economic recovery. (more)

MEXICO CITY (AP) — A new study suggests there may be 100,000 fewer Hispanics in Arizona than there were before the debate over the state’s tough new immigration law earlier this year. (more)

SEOUL, South Korea (AP) — A strong sense of pessimism shrouded the start of an economic summit of rich and emerging economies Thursday, with President Barack Obama and fellow world leaders arriving in Seoul sharply divided over currency and trade policies. (more)

WASHINGTON (AP) — The Federal Reserve’s plan to buy more Treasury bonds has incited critics at home to complain of inevitable high inflation and financial turmoil. (more)

LOS ANGELES (AP) — The number of U.S. homes repossessed by lenders last month fell by the sharpest margin this year, as several major lenders temporarily halted most or all of their foreclosures amid allegations thousands of foreclosures were handled improperly. (more)

SEOUL, South Korea (AP) — Tensions over currencies and trade gaps are simmering ahead of a summit of global leaders this week as America’s move to flood its sluggish economy with $600 billion of cash triggers alarm in capitals from Berlin to Beijing. (more)

BEIJING (AP) — China’s central bank chief said Friday that the Federal Reserve’s move to inject money into the U.S. economy is understandable because of its slow recovery but still might hurt the rest of the world. (more)

BERLIN (AP) — The dollar is steady against the euro as markets await what is expected to be a weak U.S. job report and digest the Federal Reserve’s decision to pump billions more into the financial system. (more)

NEW YORK (AP) — The best jobs report in five months wasn’t enough to energize the stock market Friday. The Dow Jones industrial average barely budged as a five-day rally that brought the index to a pre-crisis high appeared to be petering out. (more)

Oil prices moved higher Tuesday as a weaker dollar put some traders in a buying mood as they awaited details on the Federal Reserve’s plan to boost the economy. (more)

U.S. stocks were little changed on Monday as investors were reluctant to make bets ahead of U.S. elections and a Federal Reserve meeting that is expected to bring further stimulus to the economy. (more)

On May 6, the Dow plunged hundreds of points in a matter of minutes for reasons that most investors couldn’t explain. Amazingly, even as Jim Cramer was melting down live on CNBC, the market zoomed right back up just as quickly, leaving everyone, including the SEC, to wonder what had just happened. The incident has become known as the “flash crash” in investment circles. (more)

NEW YORK (AP) — Here’s something to think about the next time you pick up a call on your iPhone: the device you’re holding may soon be the signature product of the most valuable company in the world. (more)

Federal regulators investigating the causes of the May 6 “flash crash” concluded a large trader’s use of a computer trading system to sell futures contracts led to a rapid and sudden selling that triggered additional selloffs in an already unstable market. (more)

WASHINGTON — The Postal Service’s bid to raise the cost of mailing a letter by 2 cents was rejected Thursday, denying the agency immediate relief from a worsening financial crisis. (more)

BRUSSELS (AP) — Tens of thousands of workers marched Wednesday through the streets of Europe, decrying the loss of jobs and benefits they fear will come with stinging austerity measures seeking to contain government debt. (more)