The Ticker


October 2008


Bjork Worries for Iceland

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Financial crisis soul-searching is coming from some unexpected corners lately:

Bj o rk, Iceland's rockingest pixie, blames big companies for bringing financial and environmental ruin to her beloved home, and she's making a tough argument for diversifying at a time when Iceland's economy is in ...

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TAGS:
Iceland
celebrities

Did I Hear This Right?

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On CNBC a few minutes ago, Morgan Stanley strategist David Darst said we could get the Dow to jump 2,000 points if the government would just issue a bond for massive infrastructure projects at 5 to 6 percent yield. And Rich Bernstein of Merrill Lynch agreed with him!

So that's where we are now: Two ...

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TAGS:
Morgan Stanley
Merrill Lynch
Wall Street

Earnings Update: Lost Luxury Edition

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The good life takes another hit today, as swimming pools and travel plans face cooling profits because of worried consumers. In today's earnings, two names, hotelier Starwood Hotels and pool supplier Pool Corp., are cutting their outlooks.

Starwood Hotels warned profits will fall in both 2008 ...

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TAGS:
stocks

Kohl's: A Retailer(!) Worth a Look

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Before we start, the answer is yes. We are in a recession, consumer spending is falling, and the shares of retailers have been beaten to a pulp in this downturn. So why take a look at any of them?

Well, contrarian bets are fun, for one. Second, buying up the best names in the most challenged ...

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TAGS:
Citigroup
stocks
shopping

Markets Start to Heal

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The first creaking step has been taken on the road back to normalcy on Wall Street. Various measures of market risk are now heading in the right direction. Here's a quick look:

Treasuries: Rates on three-month T-bills are above 1.25 percent—a big move from last month, when flight to safety ...

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TAGS:
Wall Street
stock market
Libor

Another Collapse in Stocks

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In the final hour, this market went from a bear to an angry bear.

The Dow lost nearly 679 points, or 7.3 percent. The Nasdaq lost another 5.5 percent, and the S&P dropped 7.6 percent.

Here's what happened:

  • Plans to consider taking equity stakes in banks, plus hints of massive capital injections follow ...
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    TAGS:
    Dow Jones Industrial Average
    stock market
    Wall Street
    government intervention
    Russia
    global economy
    Merrill Lynch
    Iceland
    General Motors

    The Fed Can’t Save Markets

    By |

    The Fed is buying up commercial paper and is now hinting at an interest rate cut.

    So what's the Dow doing?

    Falling. Again.

    As of midafternoon, stocks appear to be headed for a fifth straight day of losses.U.S. officials called for a "forceful and coordinated" reaction to the crisis after ...

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    TAGS:
    interest rates
    Dow Jones & Co.
    Dow Jones Industrial Average
    government intervention
    stocks
    stock market
    Wall Street
    Bernanke, Ben
    Federal Reserve