Dow Below 12k; Stocks Head For 6th Down Week (06/10/2011)
Posted: June 10, 2011(AP) The Dow Jones industrial average below 12,000 on Friday, the first time the Dow has dropped below that mark since March. Fears that the global economic recovery has stalled al... read more.
Goldman fined $10 million, agrees to stop trading "huddles"
Posted: June 9, 2011NEW YORK (Reuters) - Goldman Sachs Group Inc agreed on Thursday to pay a $10 million fine and stop giving favored clients trading ideas developed at internal gatherings known as &q... read more.
Wall Street extends losses for 6th day on growth worry
Posted: June 8, 2011NEW YORK (Reuters) - Stocks extended losses for the sixth straight day on Wednesday as a bearish assessment of the economy from Federal Reserve Chairman Ben Bernanke kept investors... read more.
Fed: U.S. default a huge risk; Fitch may slash rating
Posted: June 8, 2011NEW YORK (Reuters) - A U.S. default is the biggest risk facing the global economy, a top Federal Reserve official said just hours after Fitch Ratings warned it could slash U.S. cre... read more.
Obama sees no recession risk but more jobs needed
Posted: June 7, 2011WASHINGTON (Reuters) - President Barack Obama on Tuesday dismissed the risk of the United States slipping back into recession as poor jobs data raised fresh doubts among Americans ... read more.
Falling Bank stocks pull Down down
Posted: June 6, 2011NEW YORK (AFP) – Falling bank shares pulled US stock markets lower at the open Monday, under a cloud of poor economic data and five straight losing weeks.The Dow Jones Indust... read more.
Oil drops below $100 ahead of OPEC meeting
Posted: June 6, 2011NEW YORK (AP) – Oil fell below $100 a barrel Monday as investors and economists await a key OPEC meeting this week and the government's outlook on U.S. supply and deman... read more.
Stocks post fifth straight week of losses
Posted: June 3, 2011NEW YORK (AP) - Evidence is piling up that the economic recovery has lost some of its vigor. That has deflated a stock market rally and pushed indexes down for five straight weeks,... read more.
Kudlow: Boneheaded Stimulus Never Works
Posted: June 2, 2011NEW YORK (CNBC) -- With a flamboyant downgrade of the outlook for economic growth, jobs and profits, Wednesday's 280-point Dow plunge to launch the so-called June stock swoon is a ... read more.
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