Topic: Financial Markets
Top galleries, list articles, quizzes
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Briefing
What would happen if Greece exited the eurozone?
Rumors are rife of a Greek exit from the eurozone. While no country has yet dropped the common currency, there are some indications of what will transpire if Greece does.
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Facebook IPO: Six key dates in its debacle
Facebook's first week as a publicly traded company will go down as a terribly botched corporate launch, perhaps one of the worst in recent history for such a highly visible entity. Eight days ago, it was the tech world's most highly anticipated initial public offering in eight years. Now, the social media company faces mounting legal woes and serves as an embarrassing example of how not to run an IPO. Despite rising insider pessimism about its growth prospects, Facebook kept boosting its asking price and the number of shares it would sell. The result: billions of dollars in losses; investigations by two congressional committees, the Securities and Exchange Commission (SEC), an industry watchdog, and the state of Massachusetts; at least 13 class-action lawsuits; and thousands of resentful shareholders who days later still were unsure how many Facebook shares they had or at what price. Here are six key dates in Facebook's unfolding IPO disaster.
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6 factors that will determine concessions from Iran
Can war with Iran can be avoided? In recent talks with the West in Baghdad, Iran showed some greater flexibility about its nuclear program. But Iran has a history of trickery in the nuclear arena. Whether Tehran will cooperates with Western demands depends on the following six factors.
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Where gas prices are highest
Gasoline is a very visible price, and closely watched by many drivers. Petroleum prices impact many products, from food to industrial production. While the cost of crude is the major factor in gasoline price volatility, some countries levy taxes on fossil fuels. Here are ten countries where high gas prices are the norm, according to British insurance firm Staveley Head.
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Facebook stock: 6 intriguing investors
Facebook stock will make many people suddenly wealthy when it begins trading this Friday. The company is expected to be valued somewhere around $100 billion, with stock expected to sell anywhere between $34 and $38 per share. Here are six of the more unexpected people set to make a killing with initial public offering of Facebook stock, including a rock star, a graffiti artist, and pair of Mark Zuckerberg’s enemies.
All Content
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Dow plunges 275 points: Is stock market starting to smell recession?
A poor US jobs report Friday sent the stock market down sharply, and other economic data coming in from Europe and China also did not boost optimism.
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Horizons
Facebook puts proposed privacy changes up for a vote
Facebook users have a chance to weigh in on a series of changes to the Facebook privacy policy.
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The Daily Reckoning
Retreat from stock market, impending European implosion worrying
An overall retreat from the US stock market, coupled with worries of a global recession and bear market has Bonner predicting investors won’t be getting off the hook very easily. The odds are high enough for him to advise wise investors to start looking for cover.
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Decoder Wire
Bill Clinton defends Mitt Romney's time at Bain: Does that help Obama?
Former President Bill Clinton's praise of MItt Romney's business career seemed to deliberately undercut the Obama campaign's attacks. So why did he do it?
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Is Facebook destroying our capacity for meaningful relationships?
While investors follow Facebook stock prices, it is we the Facebook users who will shape this new global social fabric. We must reinvest in self-reflection and in-person relationship building. We must use Facebook in ways that bring us closer together, not tear us further apart.
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US economy weakens, unemployment rate rises to 8.2 percent (+video)
US employers added just 69,000 jobs in May, the lowest number in a year. The economic slowdown is bad news for President Barack Obama ahead of the November elections.
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Sell in May and go away: Stocks close dismal month
With a disappointing finish on Thursday, the stock market closed what was by some measures its worst month in two years. The Dow closed down 26 points on Thursday to end the month at 12393.
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Greeks shrug off Europe's warnings that turmoil could get worse (+video)
Europe's dire warnings to Greece about the consequences of a potential default engender little fear among Greeks, who say the worst has already arrived.
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The New Economy
Top 40 richest list: Zuckerberg flames out as super-billionaire. Does it matter?
Top 40 richest list from Bloomberg drops Facebook CEO Zuckerberg as his company's valuation ebbs. But making the Top 40 richest list is probably not Zuckerberg's big concern right now.
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As fears about Europe's future worsen, the Dow closes down
Fearing a financial rupture in Europe, investors around the world fled from risk Wednesday. They punished stocks and the euro, and the yield on a benchmark US bond hit its lowest point since World War II. The Dow closed down 161 points to land at 12419.
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The Daily Reckoning
New signs of global slowdown darken analyst's economic outlook
Data released this week may show new signs of a global slowdown. But one analyst isn't surprised. From the tech bubble burst to the housing collapse to the resurgence of gold, he's been (mostly) right. Not that he's saying 'I told you so.'
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Briefing
What would happen if Greece exited the eurozone?
Rumors are rife of a Greek exit from the eurozone. While no country has yet dropped the common currency, there are some indications of what will transpire if Greece does.
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Facebook opens office in Dubai
Facebook established an office in the Middle East for the first time on Wednesday, in Dubai's Internet City.
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US Treasury bond yields hit record low as eurozone worries mount
A decline in global stock prices Wednesday shows that many investors are taking sanctuary in US Treasury bonds, anticipating major convulsions in the eurozone – and perhaps its breakup.
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Strengthen the euro and reform the European Commission
At a time of European debt crisis, when some see a common currency as a straightjacket, Europe must follow through and strengthen the euro. Europe must also move on political reform. One place to start: Elect the president of the European Commission, the EU's executive arm.
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Facebook stock drops below $29 (+video)
Facebook stock falls 9.6 percent to close at $28.84. In its first seven days of trading, Facebook stock has lost nearly a quarter of its value.
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Despite oil prices, falling euro, Dow closes up slightly
Oil prices fell, the euro sank to a 22-month low, and the yield on the U.S. government's 10-year Treasury note fell near a historic low. But the Dow Jones industrial average edged up 125 points to close at 12580 as investors continue to hope for a Chinese growth spurt.
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Stefan Karlsson
The case for a German value added tax
The continuing eurozone crisis has economists debating the case for a value added tax, or whether or not the German surplus be reduced without reducing (and preferably in fact increasing) German incomes.
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Paper Economy
S&P/Case-Shiller: Home prices decrease
Case-Shiller's Composite-10 price index declined 0.09 percent since February, while the Composite-20 index declined 0.03 percent over the same period resulting in its lowest level since early 2003.
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Stock market opens higher on hope for China
Stock market opened higher Tuesday amid optimism that China will take action to reverse the recent slowdown in its economic growth. Rising home prices also gave the stock market a boost.
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The Reformed Broker
SEC won't take action against Lehman Brothers
The SEC will likely not seek action against the Lehman for the events that led up to the firm's massive bankruptcy in 2008.
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Typical CEO made $9.6 million last year
The head of a typical public company made $9.6 million in 2011, according to an analysis by The Associated Press. The typical American worker would have to labor for 244 years to make what the typical boss of a big public company makes in one.
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Oil prices rise on optimism about Greece
Oil prices near $92 a barrel after weekend opinion polls show Greece's austerity parties could form a coalition. In London, oil prices move up nearly $1 a barrel.
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Mortgage rates fall to new records
Mortgage rates for 30-year loan now stand at 3.78 percent. Fixed mortgage rates for 15-year loans are unchanged at 3.04 percent, a record low.
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Robert Reich
Obama and Cory Booker: Fairness is essential to growth
Fairness isn’t inconsistent with growth; it’s essential to it. The only way the economy can grow and create more jobs is if prosperity is more widely shared.
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