European markets closed lower Tuesday, following a global selling spree the day before. Europe’s major exchanges drifted up in morning trading but by the end of the day London’s FTSE 100 was down 3.1 percent, the CAC 40 lost 1 percent and Frankfurt’s Dax 30 sank 0.5 percent.
Tag Archives: Recession
Europe markets open higher after day of losses
European markets opened higher Tuesday, putting at least a temporary hold on the latest global selling spree. Europe’s major exchanges were all higher in early trading
Stocks Close Below 7000 to a Twelve Year Low
Stocks crashed through a psychological barrier on Monday, falling below 7000 to close down 4.24% for the day, at 6763 — the first market close under 7000 since May 1997. The broader S&P 500 was down sharply as well, falling 4.66% to finish at 700.82. The market opened on a sharp down note after absorbing a weekend of anxiety over AIG, the black hole of an insurance company that is swallowing another $30 billion of government assistance with no assurance that it won’t need more.
In a recession, tech gadgets become a luxury
Matthew Baron is one of those gizmo guys, the kind who covets all toys new and shiny.
A 6.2% Drop in GDP: Is the Worst Yet to Come?
Now it’s official: the economy really is in free fall.
Obama’s Address: A Road Map Without GPS
President Obama’s speech to a joint session of Congress may be one of the best political speeches of the last few decades. It will certainly be remembered for its cadence, passion, and a degree of astute articulation which has been missing from the national debate recently. What the speech did lay out is a road map for getting the economy back in shape and then keeping it expanding.
Japan posts record trade deficit
Grappling with its worst economic crisis since World War II, Japan posted a record $10.1 billion trade deficit in January, the Ministry of Finance reported Wednesday. It was the fourth straight month of deficits as exports of vehicles, auto parts, electronics and semiconductors slumped.
In Defense of General Electric
Investors have deserted GE’s stock over the last week like draft dodgers fleeing to Canada. The firm’s shares fell more than 20% over the five trading days, and now sit near a multi-year low of just below $9, 25% of its 52-week high
CNN Student News Transcript: February 18, 2009
February 18, 2009 Seem counterintuitive Observers say struggling people are looking for a $10, two-hour escape. “The movies offer a way to go not only outside of your house, but to a whole different world — and that’s very appealing right now,” said Paul Dergarabedian, a box office analyst at Hollywood.com. Audiences are going along for that ride in record numbers
Borger: Q&A session showed Obama engaging opponents
Sure, it was a tad hokey and staged. After members of Congress and assorted good government-types participated in the "fiscal responsibility" summit at the White House, President Obama took their questions. Calling first on Sen.