markets — Dedicated to keeping up with the US economy and markets.
With all the recent decline in house sales, the US markets are starting to suffer. The Dow Jones has lost close to 1000 points in the last 45 days, and the world markets are not fairing much better. Despite the recent surge of monetary input by the Fed, the investors are still not seeing a […]
The Dow slid almost 400 points today after a scare went through the World Markets. The French markets started the slide, by freezing assets of mortgage companies that are about to go bankrupt. After a quick morning slide, the US markets seemed to be gaining some of that slide back. However, as more of the […]
Rupert Murdoch has officially bought Dow Jones, adding to his ever growing list of news sites and business resources. This recent buy, just in time for his new FoxBusiness venture, will help Murdoch to further his global hold on the news, both economically and globally. In other news, the price for crude oil soared to […]
Thanks to another lackluster housing report, the Dow plummeted more than 400 points today. Although some of that has been gained back in mid-afternoon trading, it seems that the Dow will once again have another major loss. Just days ago, it recorded a loss of about 200 points. With the Dow so close to breaking […]
Thanks to a Blue Chips deal involving Verizon, the Dow was pushed to a new record today…It closed at 13.950.58, after reaching a high only 11 points shy of the 14k mark. Look for us to be one of the first to publish news if the Dow does break the 14k mark!
Big Oil has announced that because of the new interest in biofuels, refinery expansion is not going to happen as planned. The oil industry is now seeing a renewed interest in biofuels, such as E85 Ethanol and bio-diesel. With this interest, especially being pushed by the Bush Administration, oil companies are deciding not […]
Due to the weakening of the storm threatening the oil rich middle east, the price of oil once again dropped today. The price of crude oil dropped more than $2 on weather reports that the storm has weakened. This is good news for the US as hurricane season and the busy driving season has pushed […]
The family that controls Dow Jones & Co, the parent of the Wall Street Journal, has announced that they will consider an offer from Rupert Murdoch to buy the company. They are also considering options from other potential buyers. Look for the stocks of these two to be mixed tomorrow, depending on if an offer […]
There are several things happening in the economic world that is helping to push the stock markets to new record highs. First off, after a huge sell off of China’s stock market yesterday, it has rebounded tremendously. However, yesterday’s sell off did not hurt the US markets, which instead reached another all time high. The […]
Stocks that are expected to post earnings today include several major clothing companies. Gap, Ann Taylor, and Limited Brands of clothing are all expected to announce their earnings today. All are expected to post a profit, but Limited Brands is expected to post half of the profit that it did a year ago. This has […]