U.S. stocks took another tumble on Thursday with the major indexes each sliding more than 2.5 percent after a day of gains and losses. Investors have a host of concerns that are driving their buy and sell decisions, but the pervading sense of uncertainty won through in the end, with the session closing on a low. Executives from the Big Three automakers presented their case to a Senate panel on Thursday and will be speaking before the House panel on Friday in an effort to secure what they...
While U.S. officials hammer out the details of the much publicized $700 billion bailout of financial institutions, the U.K. is also facing a host of problems relating to the financial sector, calling for bailout plans at the expense of embattled British taxpayers. U.K. officials are currently dealing with the collapse of Yorkshire-based Bradford & Bingley (LSE: BB), a major U.K. bank with 197 branches and 140 agencies, and just under one million shareholders.
Investors remain on high alert as Congress continues to weigh the pros and cons of the Bush administration’s proposed $700 billion financial institution bailout plan. It appears that the more the matter is debated, the more the cons start to outweigh the pros overall. The markets have responded to the uncertainty of the situation by dipping even further on Tuesday, with the Dow ending the day 161.5 points lower, the S&P 500 was down 18.87 points and NASDAQ fell 25.64 points, being a decline of 1.5%, 1.6% and 1.2% respectively.
In an attempt to contain the ongoing financial crisis, the U.S. Government plans to assist embattled financial institutions by directly addressing mortgage-related issues. The announcement sent ripples of relief through the stock market, resulting in the Dow rising by 410 points on Thursday – the biggest one-day jump experienced in six years. Traders on the floor of the New York Stock Exchange responded to the Dow increase with loud cheering – a sound which has not been heard for some time in a market that has been relentlessly assailed with...
While investors may have been encouraged by the more than $20 drop in oil prices since 3 July, indications are that the American public as a whole is not coping too well with mounting economic pressures. This is evident by the fact that an increasing number of individuals are dipping into their savings and retirement funds to meet their monthly expenses, including mortgage payments, and this in turn is having a negative impact on the financial sector of the stock market.
Although there are a number of factors that led to IndyMac’s failure on Friday 11 July, some regulators are laying the blame squarely at the feet of Senator Chuck Schumer. In late June, the New York Democrat released a letter which set out reasons why IndyMac might fail. This sparked panic among IndyMac customers who rushed to withdraw their money from the bank. Over the following eleven days the withdrawals mounted up to $1.3 billion, forcing IndyMac’s closure. The Federal Deposit Insurance Corp (FDIC) stepped in and re-opened...
Can we take the de Bono way further? We are stimulated by the thinking methods of this celebrated author. See our earlier publication on Water Logic for financial planning: The Stock Market Torch in Economic Darkness
You could hardly ask for a better climate to invest in your first piece of real estate. That last term has not been swapped with ‘home’ by accident. Investing in commercial real estate is a valid form of financial planning. You could earn future rents far in excess of any stock dividend. It is a matter of choosing sound construction in a growth neighborhood. Wetlands with intact eco-systems could be better still if you have your inheritors in mind.
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