Articles Written by:    MARKETBEAT STAFF     

Claims Number Deals Another Blow to Market

WSJ.com’s inside look at the markets Stock futures declined Thursday morning after the Labor Department reprted that initial jobless claims rose 27,000 last week to 542,000. Claims lasting more than one week cracked the four-million mark, rising to ...

From MARKETBEAT STAFF, Wall Street Journal,  20 Nov 2008
Related Topics: Wall Street Journal,  NASDAQ,  BNP Paribas,  Henry Paulson,  Digg

Adelson’s Vanishing Billions

Las Vegas Sands founder and head honcho Sheldon Adelson is $34 billion poorer than he was a year ago, but at least he won’t face the punishing dilution the casino operator’s other shareholders are about to experience. While the $2.14 billion ...

From MARKETBEAT STAFF, Wall Street Journal,  11 Nov 2008
Related Topics: Las Vegas Sands Corp.,  Sheldon Adelson,  MGM MIRAGE,  Kirk Kerkorian,  Ford Motor Company

GM’s Slimming Waistline

The Dow Jones Industrial Average now has one lone small cap — General Motors — but trading desks aren’t treating it as one. In the last three sessions, the Detroit car making giant has been in free-fall after the company posted a $2.54 billion ...

From MARKETBEAT STAFF, Wall Street Journal,  11 Nov 2008
Related Topics: Dow Jones,  Deutsche Bank,  Freddie Mac,  Fannie Mae,  NYSE

Crude’s Credit Contango

Oil prices continue to be pressured lower by the credit crunch, despite evidence of easier lending conditions, write analysts with Goldman Sachs. The effect can be seen in the wide discount of near-term oil futures to more distant crude contracts, a ...

From MARKETBEAT STAFF, Wall Street Journal,  11 Nov 2008

Genworth Falls Out of Bed

Genworth Financial shares shed as much as 50% Tuesday following a credit rating cut from Moody’s Investor Service on Monday that made the company ineligible to participate in a government program to purchase short-term debt, removing an important ...

From MARKETBEAT STAFF, Wall Street Journal,  11 Nov 2008
Related Topics: Genworth Financial Inc,  Scott Robinson

Piling On Goldman

WSJ.com’s inside look at the markets Another day, another analyst taking down their view on Goldman Sachs. The investment bank turned bank-holding company was on the receiving end of another fourth-quarter loss prediction based on its exposure to ...

From MARKETBEAT STAFF, Wall Street Journal,  11 Nov 2008
Related Topics: Wall Street Journal,  Merrill Lynch,  Morgan Stanley,  Barclays,  Digg

Virtual Ban, Real Problems

Many Wall Street investors resented the Securities and Exchange Commission’s recent short-selling ban. The SEC’s prohibitions weren’t very popular in virtual markets, either. On Sept. 19, the SEC enacted a temporary ban on short sales of shares of 799 ...

From MARKETBEAT STAFF, Wall Street Journal,  28 Oct 2008
Related Topics: Securities and Exchange Commission,  University of Notre Dame,  American International Group,  Lehman Brothers,  Washington Mutual, Inc.

Another Favorite Trade Bites the Dust

After last night’s mass declines in Europe and Asia, one popular trade collapsed at the open Friday. In the weeks that have followed Treasury Secretary Henry Paulson’s comments that signaled he wouldn’t let another large bank fail, large institutional ...

From MARKETBEAT STAFF, Wall Street Journal,  24 Oct 2008
Related Topics: Morgan Stanley,  Henry Paulson

Do Currencies Require an Intervention?

Rapid and volatile trading in currency markets has led to questions on coordinated government intervention, perhaps next week. The answer: It shouldn’t happen, but the chance exists. If the yen quickly shoots up again versus the dollar and euro — on ...

From MARKETBEAT STAFF, Wall Street Journal,  24 Oct 2008
Related Topics: European Union

Written in the Stars

Among the responses traders have mustered to the “when-will-this-ever-end?” 2008 stock-market crash: astrology. Stock charts have unequivocally failed, so traders are turning to star charts. I got this from the most bearish man in Western civilization, ...

From MARKETBEAT STAFF, Wall Street Journal,  24 Oct 2008
Related Topics: International Monetary Fund,  U.S. Republican Party,  Charles Dow

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