The AIG board of directors will not follow or endorse a lawsuit against the U.S. government over financial assistance received during the 2008 financial crisis. The lawsuit is [...]
The Nobel Peace Prize went to the EU for the six decades of stability it has fostered. Markets did not celebrate, however, due to sovereign debt concerns and related riots on [...]
Something happened on Aug. 5 last year that not many people in the world of business and finance even thought was possible. The United States went from AA+ to AAA, citing [...]
Despite the seemingly good news of the approved bank bailout, the market sell-off signals that traders and investors do not believe that the initiative by the EU will work.
Two weeks after Jamie Dimon’s mea culpa unveiling of JPMorgan Chase & Co.’s $2 billion—and counting—trading loss, experts are divided on how to proceed to avoid such a [...]
NEW YORK—U.S. stocks rallied Tuesday, as better-than-expected economic news outweighed continued weakness in the eurozone. The Dow Jones Industrial Average gained 17 points, or 0.1 percent, while the S&P 500 jumped 6 points, or 0.5 percent. The technology-heavy Nasdaq Composite [...]
Stocks have exhibited significant volatility after the ratings downgrade of U.S. sovereign debt by Standard & Poor's.
Investors rushed to shed risk and drove the stock market down on Wednesday, with major indices around the world down substantially for the second session in three days.
U.S. stocks were mired in a broad selloff on Monday as investors shed risky assets, sending the Dow Jones Industrial Average down by more than 634 points.
Last Friday's downgrade of U.S. long-term debt from AAA to AA+ by credit ratings firm Standard & Poor's may further unnerve investors.