Money Matters


May 2008


The Sageworks View on Stocks

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Brian Hamilton runs Raleigh N.C.-based Sageworks, a financial analysis and software company. He stopped by the office this week to talk markets and stocks.

Hamilton has been notably bullish on the economy lately (see this post by Fox's Elizabeth MacDonald for his reasons why), and is continuing to ...

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TAGS:
stock market
stocks

Icahn: It's On!

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Proxy fight!

In his letter to Yahoo's board, legendary investor and agitator Carl Icahn threatens to start ousting board members if Jerry Yang and company don't rescind their "unconscionable" decision to reject Microsoft's $33-a-share bid. He chides Yahoo management for "overly optimistic financial ...

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TAGS:
Yahoo
Microsoft

Credit Crisis Calming

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Fitch, the ratings agency, says the credit crisis is now in its final stages.

Its report describes the impact of further downgrades by credit rating agencies as "minimal" and puts total losses at $400 billion, though more broad definitions could boost that to $550 billion.

Fitch also concludes that ...

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TAGS:
loans
credit

'Far From Normal'

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Huge infusions of cash have stemmed the bleeding in the financial sector, but "conditions in financial markets are still far from normal," Fed Chairman Ben Bernanke said in a speech today. He vowed to increase the already massive amount of cash it has lent to investment banks in an attempt to keep ...

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TAGS:
recession
stock market
credit
housing