During a period like this, with stocks plunging almost on a daily basis, it’s clear that fear and shock are ruling the roost. But fear can be overdone. As someone who has been around awhile and has seen many sell-offs, let me offer some advice: Do not panic. Market corrections come and go. They are not the end of the world. Most times they are actually healthy. (more)
NEW YORK (CNNMoney) — U.S. stocks plunged sharply Monday as fearful investors faced the news that the United States had lost its coveted “AAA” credit rating. (more)
NEW YORK (CNNMoney) — Poof! There goes any progress stocks made in 2011. (more)
A sell-off is erasing all of the year’s gains in the stock market. (more)
NEW YORK (AP) — Stocks retreated in early trading ahead of a vote in the Senate to raise the nation’s borrowing limit. Tuesday is the deadline to raise the limit, otherwise the government won’t have enough money to pay all its bills. (more)
U.S. stocks rose, sending the Standard & Poor’s 500 Index toward its second day of gains, as better-than-expected earning from JPMorgan Chase & Co. (JPM) and improving data on jobs and retail sales overshadowed concerns America’s credit rating may be downgraded. (more)
Stocks sank, erasing most of a weekly gain for U.S. benchmark indexes, commodities slid and Treasuries jumped as slower-than-forecast job growth spurred concern the economic recovery is in jeopardy. The euro weakened and Italian bonds fell amid concern Europe’s debt crisis will worsen. (more)
Pandora, the music streaming company, saw its valuation rocket to $4.2bn (£2.6bn) in the first hour of trading at its flotation on the New York stock exchange – $1.6bn higher than anticipated. (more)
Investors reveled in the chance to buy up shares of Pandora on Wednesday, the latest in what is turning out to be a slew of initial public offerings for unprofitable tech companies. (more)
It’s no secret that members of Congress qualify as political insiders, but a new report strongly suggests that they also may be insiders when it comes to trading stocks. (more)
The New York Stock Exchange’s plan to merge with Deutsche Borse, while promising more efficiency for investors in global stocks, may hurt small U.S. enterprises that are finding it increasingly difficult to tap into the stock market so they can grow and create jobs. (more)
We are at an important point in the financial crisis right now. Interestingly, the stock market has climbed and climbed and climbed, which has placated many. It has been the only economic ray of light over the past two years for lots of us. Meanwhile, many people who either long ago cashed out their 401(k)s or never had ones in the first place are under increased economic pressure. (more)
Wall Street indexes started the new year with sharp gains on Monday, extending the late-2010 rally on optimistic signs about a global recovery. (more)
Failure by Congress to extend the Bush tax cuts, especially locking in the 15 percent capital gains tax rate, will spark a stock market sell off starting December 15 as investors move to lock in gains at a lower rate than the 20 percent it would jump to next year, warn analysts. (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)
Apple Inc. shares reached a new milestone Wednesday, trading above $300 for the first time, as the electronics giant prepares to report quarterly results and preview a new operating system next week. (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)
The sweet recitation of Shakespeare isn’t commonly found in a meeting discussing of complex securities. However, the Bard was used Tuesday to further the discussion of clearing the $615 trillion over-the-counter derivatives market as the U.S. futures regulator in charge of prescribing new rules to the financial bill stressed the importance of global partnerships. (more)
All summer, analysts said stocks would drift until taking direction in mid-September. But the ides of the month have passed, and the market is still flat. (more)
Taxpayers are likely to lose out on the initial public offering of General Motors Co. stock, according to a report published Saturday. (more)























