Archive for March 18th, 2008

The point of diversification is to provide shelter from market storms, but suddenly all of the bunkers seem to have been blown away at once. In January, U.S. stocks lost 6%, foreign markets fell 10%, and emerging markets dropped a shocking 13%.

Visa buyers paid a whopping $17.9 billion, or $44 a share, when the company priced its initial public offering Tuesday evening.

Mark Schleisner's job these days is job hunting. The Manhattan information technology specialist has been searching for 13-months and has yet to land a full-time position.

Stocks jumped Tuesday, with the Dow surging 420 points, its fourth-biggest one-day point gain ever, after the Federal Reserve cut the fed funds rate by three-quarters of a percentage point, surprising investors looking for a larger cut.

Stocks jumped Tuesday, with the Dow surging 420 points, its fourth-biggest one-day point gain ever, after the Federal Reserve cut the fed funds rate by three-quarters of a percentage point, surprising investors looking for a larger cut.

Gold prices sunk below $1,000 Tuesday as the dollar roared back after the Federal Reserve's announcement that it would cut a key interest rate by three-quarters of a percentage point

The Federal Reserve slashed a key interest rate by three-quarters of a percentage point Tuesday, the latest in a series of moves by the central bank to try and restore confidence in the economy and battered financial markets.

The Federal Reserve slashed a key interest rate by three-quarters of a percentage point Tuesday, in the central bank's continued effort to restore confidence in the economy and battered financial markets.

The phrase "run on the bank" is really something you never want to hear. Yet that's what best describes Bear Stearns' swift demise - and it has caused investors to wonder if such a run could happen elsewhere.

Lehman Brothers reported quarterly results that topped forecasts Tuesday, just a day after investors had wondered about the firm's ability to withstand the turmoil in financial markets.