association, companies, copyright, economy, investors, sectors, trademark
With tech and social media companies continuing to grow in size and influence in the US economy, investors take note when companies like Google and Facebook make waves about proposed legislation affecting these market sectors. The Stop Online Piracy Act (SOPA) introduced in the House of Representatives at the end of last month, has these tech giants up in arms as they criticize the proposals for being too stringent, noting that it opens up possibilities for a host of unintended consequences. As the name of the act suggests, its intention...
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analysts, dow, economy, europe, investing, recession, wall street
With analysts warning that the current climate of market uncertainty is far from over, it appears that Wall Street is set to end the month of October on a high, with the Dow recording the greatest October gain ever. Despite the fact that French President Nicolas Sarkozy has been reported as saying that Greece should never have been permitted entrance to the Eurozone in 2001, European authorities have reached an agreement and mapped out a plan to rescue ailing European countries, including Greece, Italy and Spain. This has done much to boost confidence...
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company, dividends, dow, earnings, eurozone, investment, nasdaq, wall street
Tuesday saw a sharp drop in US stocks ahead of the EU summit to be held the following day. By Wednesday afternoon investors began gaining confidence that European authorities would agree upon a workable solution to Eurozone woes. Following an uneasy day on Wall Street, all major indexes ended the trading day higher with the S&P 500 moving up 13 points, the Dow Jones industrial average adding 162 points, and the Nasdaq composite climbing 12 points, being 1 percent, 1.4 percent and 0.5 percent respectively. Although...
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dow jones, europe, eurozone, global economy, investors, wall street
Europe's leaders gathered in Brussels over the weekend to discuss the region's crisis, and with a formal announcement expected to be made on Wednesday, investors are very hopeful that a resolution to the escalating problems in Eurozone economies will be found. While pointing out that the circumstances currently facing Europe are unprecedented, Germany's Chancellor, Angela Merkel, noted that progress had been made, referring to working through the region's problems as a "painful process". In the weeks leading up to the summit, French President Nicolas Sarkozy and the German Chancellor appeared to differ of how...
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beige book, economic report, hedge funds, investment portfolio, wall street
Wall Street responded negatively yesterday in response to what many view as a pessimistic report from the Federal Reserve on regional economic activity. Others may be more inclined to view the report as a cold dose of reality, as the US economy continues to struggle to recover. The Dow Jones Industrial Average closed down 72 points, with the S&P 500 shedding 15 points and the Nasdaq dropping 53 points, being 0.6 percent, 1.3 percent, and 2 percent respectively.
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earnings, europe, investment portfolio, third quarter, wall street
Following a two-day meeting in Paris, finance ministers from the G20 countries revealed that they will take whatever action deemed necessary to ensure sufficient capitalization of banks and to stabilize wavering global financial markets. This pledge from the world's most powerful and influential economies comes hot on the heels of pledges by France and Germany to work together to rescue Eurozone countries in crisis. In a statement by US Treasury Secretary Tim Geithner he noted that delegates at the weekend meeting heard encouraging things from European authorities regarding a comprehensive strategy to deal...
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dividends, dow jones, eurozone, nasdaq, us markets, wall street
Stocks rose sharply on Wednesday before dropping slightly, but still ending the day at an encouraging high, with the rally believed to have been fuelled by optimism regarding the latest proposal to recapitalize banks in Europe. Investor sentiment appears to have shifted from its doom-and-gloom outlook last week, to one of hope that a TARP-styled rescue plan will be put in place for European banks. President of the European Commission, Jose Manuel Barroso was reported as stating Wednesday that the resolution of this ongoing crisis needs immediate action from policymakers....
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earnings, europe, eurozone, investors, recession, wall street
With the "Occupy Wall Street" protests continuing to gain ground, America's financial system and economy remain hot topics for debate on both Wall Street and Main Street. Calling themselves "the 99 percent" these protestors, among other issues, are highlighting the fact that ordinary Americans are battling to cope, and their call has resonated with supporters around the world. Investors are painfully aware that the economy is significantly affected by consumer spending, which has been dramatically curtailed due to the ongoing jobless situation. Moreover, a recent survey...
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