Today the Associated Press reports that with Wall Street seemingly going haywire, a lot of people are too spooked to spend their money. “Stocks have fallen four weeks in a row. Some on Wall Street worry that the resulting blow to  confidence, not to mention 401(k) statements, has set off a spiral of fear that could […]
It’s been yet another rough day for world markets. As AP Business Writer Colleen Barry reports, investors remain jittery about a possible double-dip recession in the US, and the on-going debt crisis in Europe. A good way to begin analyzing today’s market jumpiness is to start with Barry’s roundup of what global investors have been up to:
Itâs been a crazy couple of weeks, with financial tremors continuing to shake-up the jagged economic landscape. Â National GDP barely went up, Congress made an 11th hour deal to raise the debt ceiling, S&P downgraded the US credit rating anyway, and the Federal Reserve decided to hold interest rates steadyâat virtually nothingâfor the next two […]
After a brief rally, AP Business Writer Stan Choe reports in The Boston Globe that the markets are once again sliding back downhill: “The Dow Jones industrial average fell 413 points, or 3.7 percent, to 10,827in morning trading Wednesday. That erased nearly all of its 429 point gain from Tuesday, when the Federal Reserve pledged […]
The Boston Globe published a piece today by AP Business Writer Stan Choe. Here’s the gist of it: No one really knows how the US credit downgrade’s going to affect Wall Street.
It’s been a crazy couple of weeks on Wall Street. First came the bad-ish news: The GDP grew…but not by much. Then came the good-ish news: Congress made an 11th hour deal to raise the debt ceiling and avert default…but it didn’t immediately solidify the country’s AAA credit rating. Just yesterday, the stock market fell, […]
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