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News
- Bear Market Results in Reduced Trading Volumes - Editor, 9 July 2008 - No Comments yet
- Michael Dell’s Show of Confidence in Dell, Inc. Boosts Share Price - Editor, 4 July 2008 - No Comments yet
- Latin America’s Mobile-Phone Market Leader Takes Strain - Editor, 30 June 2008 - No Comments yet
- Who wants to be a Millionaire? - Editor, 27 June 2008 - No Comments yet
- Mixed Reaction to RBS Stock Market Alert - Editor, 20 June 2008 - No Comments yet
- London Stock Exchange – Moving Ahead With Technology - Editor, 19 June 2008 - No Comments yet
- Uncertainty Reigns on Wall Street - Editor, 13 June 2008 - No Comments yet
In the current bear market, plenty of attention is being focused on investors and the negative impact this is having on their investments. Advice on how to handle the situation abounds, with the general view being that riding out the storm may be the best option. But while sympathetic sentiments are being expressed for investors, spare a thought for the people who make their living from managing other peoples’ investments.
In a decisive demonstration of his confidence in the company, Michael Dell, founder and CEO of Dell, Inc., bought nearly $100 million in Dell shares. From Friday 27 June through to Tuesday 2 July, Dell purchased 4.5 million shares at an average of $22.07 per share. This is the first time in the past five years that a purchase of this size has been made by an individual insider at any company. This recent purchase brought his direct holdings to 22 million shares, securing Michael Dell’s position as Dell Inc.’s largest shareholder.
Despite past market performance by Latin America’s largest mobile-phone company, America Movil, which until recently showed more than a twenty percent increase in customers, analysts are predicting that the financial quarter ended 30 June 2008 is likely to reveal the company’s worst quarterly stock performance in the past six years. It would seem that, in part, this situation can be attributed to the slowing down of subscriber growth as well as the possible intervention of regulators with regard to mobile call costs.
Despite the ongoing credit crisis and sluggish economic growth in many countries, the 12th annual World Wealth Report released recently by Merrill Lynch and Gapgemini revealed that the number of millionaires (otherwise referred to as the world’s high net worth individuals – HNWIs) world-wide has increased by six percent to 10.1 million with a combined wealth of $40.7 trillion during 2007.
The Royal Bank of Scotland (RBS) has sounded a warning to clients to be prepared for a crash in stock and credit markets on a global scale over the next three months. The negative impact of rampant global inflation on the major central banks is seen as the chief contributing factor to this gloomy outlook.
The London Stock Exchange (LSE), situated in Paternoster Square in the city of London, is not only the largest exchange in Europe in terms of listed companies by market value, but is also one of the largest stock exchanges in the world. Although the LSE is also one of the oldest stock exchanges in the world, having been established in 1801, it certainly moves with the times when it comes to the latest technology and unwavering dedication to the interests of its clients.
The market suffered yet another blow on Wednesday 11 June, when the Dow at the New York Stock Exchange fell by more than 200 points. Ongoing concerns over rising oil prices, along with fears regarding rising inflation and the possibility of interest rates being raised, as well as almost stagnant economic growth, are seen as the main contributing factors behind the market’s current volatility.
Recent Videos
- Video: Final Word - Market Close 10.10 - Friday 10 October 2008, 9:00 pm
- Video: Investment Strategies: Markets Are So Irrational, They're Uninvestable - Friday 10 October 2008, 8:21 pm
- Video: Latin American Market Check: Sao Paulo Bovespa Falls 10% - Friday 10 October 2008, 7:52 pm
- Video: In-Depth Look: The Worst Week Ever for S&P 500 - Friday 10 October 2008, 7:32 pm
- Video: Inside Look: Too Little, Too Late? - Friday 10 October 2008, 7:03 pm
Recent Articles
- U.S. Markets Rebound on Hopes of Revised Bailout Plan Success - Editor, Wednesday 1 October 2008
- Is Multi Billion Dollar Bailout Plan On A Rocky Road To Nowhere? - Editor, Friday 26 September 2008
- Wall Street Reshuffle Continues - Editor, Monday 22 September 2008
- U.S. Federal Reserve Puts AIG Rescue Plan into Action - Editor, Wednesday 17 September 2008
- Market Responds Positively to Billionaire Slim’s Investment in New York Times - Editor, Friday 12 September 2008
Recent Comments
- 29 April 2008, 03:23 am: By Dhan - Take This Financial Planning Gift Horse...
- 25 April 2008, 12:58 am: By asiaconsult - The ‘No Comment’ Clue to Mortgage...
- 24 April 2008, 02:21 am: By Investa - How Your Financial Planning Can Benefit...
- 23 April 2008, 04:56 am: By Mint - A Stock on Which You Can Bank










