Topic: Wall Street
Top galleries, list articles, quizzes
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Obama or Romney? How 5 undecided voters are making up their minds.
Last month, the Monitor profiled five undecided voters whose allegiances were especially prized because they live in swing states. Now, less than two weeks before Election Day, we check in with them to see what they’re thinking now.
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Briefing
Obama vs. Romney 101: 3 ways they differ on regulation
Wall Street is a big target – blamed for the financial crisis that led to the Great Recession. Mitt Romney says efforts to rein in financiers via more regulation are an attack on “economic freedom.” President Obama says new regulations would make it “more profitable to play by the rules than to game the system.” Here are three specifics on which the two differ.
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Ron Paul vs. the Federal Reserve: four epic moments
Ron Paul hasn't been the Federal Reserve's only critic, but he ranks among the most consistent and persistent in his charge that the Fed has debased the dollar and destroyed the wealth of Americans.
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Before Stockton: five other big financial crises for US municipalities
Here's a look at some of the most notable financial collapses and near-collapses for US municipalities over the years.
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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.
All Content
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Stocks close lower after weak retail reports
Stocks closed lower for the third day straight Thursday after weak reports from the nation's retailers. Debate over the impending fiscal cliff is also weighing on stocks.
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Home Depot gains hint at housing market recovery
Home Depot shares rose nearly 4 percent Tuesday after the home improvement company beat earnings expectations in the third quarter. Glimmers of a housing market recovery and preparations for Superstorm Sandy contributed to Home Depot's strong perfomance.
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Robert Reich
Obama should aim high in deficit negotiationsBy raising taxes on wealthy Americans, eliminating breaks for oil and gas companies and other measures, Obama could meet the goal of $4 trillion in deficit reduction over the next decade, Reich writes.
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Fearing 'cliff,' investors finish brutal week
Wall Street finished one of the worst weeks of the year Friday, pushing Washington to work out a deal to avoid the tax increases and government spending cuts.
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Stock market has tumbled since Obama reelection. Are investors angry?
The stock market has gone into a bit of a tailspin since the election. Wall Street's disappointment with the outcome will pass quickly, but concern about the 'fiscal cliff' is mounting.
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Stocks slide on Wall Street, extending sell-off
The potential for gridlock in Washington sent stocks spiraling downward for a second day straight Thursday. The Dow closed down 121 points, or nearly 1 percent.
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Dow loses 313 in post-election sell-off
Stocks plummeted during Wall Street's first day of trading after President Obama's reelection. Stocks also spiraled downward in the days after Obama's first victory.
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Stocks fall. Obama win? No, Europe.
Stocks got a short-lived boost from Barack Obama's re-election Wednesday, but concerns over a divided Congress and grim economic news out of Europe left stocks poised for a retreat.
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How Elizabeth Warren bested Sen. Scott Brown in Massachusetts (+video)
The Massachusetts contest was one of the highest-profile Senate races. Voters had a positive impression of both Elizabeth Warren and Scott Brown, yet the campaign was rife with negative ads.
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Stocks rise as investors wait for a winner
Stocks climbed Tuesday as investors remained 'on pins and needles' for the results of the US presidential election. A jump in crude prices helped lift stocks in petroleum refiners.
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Robert Reich
Election 2012: Three lessons for DemocratsReich offers three takeaways for Democrats as the 2012 presidential election comes to a close.
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Netflix uses 'poison pill' to prevent hostile takeover
Netflix is making moves to prevent a hostile takeover from billionaire Carl Icahn, who disclosed a nearly 10 percent stake in the company. Netflix adopted a poison pill defense, aimed at preventing an outsider without board approval from acquiring too large a stake in Netflix.
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Editor's Blog
Election 2012: the beautiful momentPolitics is messy, expensive, comical, infuriating, and often dispiriting -- especially after an interminable US presidential campaign. But voting itself ... that's the real point of democracy.
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Energy Voices
Obama, Romney avoid hard truths about energyOne hard truth: The era of cheap oil is over. Even the recent glut of US oil and gas was driven by high prices, which gave industry the incentive to use expensive, risky drilling technology.
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Final pitch for Obama, Romney: Which one will convince voters about 'change'?
Post-hurricane Sandy, both campaigns are back in full swing. Mitt Romney says he's the man who can take the nation on a different course, but President Obama says he, too, represents change.
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Stocks rise on strong economic data
US stocks had their best day since mid-September after reports of strong economic data and good corporate news gave stocks a boost.
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Electricity in NYC could take four to seven days to restore (+video)
ConEd said New York City customers served by underground equipment should see electricity restored to service in four days. Those who get power from overhead lines are expected to wait a week. Why will it take so long?
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Hurricane Sandy: How long will the recovery take? (+video)
New York and New Jersey were particularly hard hit by Hurricane Sandy. Power losses and interruptions in subway service could last for days. Some wonder if certain polling places will be ready to open in time for next week's election.
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New York Stock Exchange will reopen Wednesday (+video)
After Hurricane Sandy closed down the New York Stock Exchange for two days, markets will reopen Wednesday. European stock markets rose broadly Tuesday after falling the day before.
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Ford Motor Company: Europe spoils strong US earnings (+video)
Ford' Motor Company's third-quarter profit eased 1 percent to $1.63 billion as European losses swamped record North American profits. Ford Motor Company's revenue fell 3 percent to $32.1 billion as vehicle sales dropped in Europe and South America.
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'Superstorm' Sandy: Assessing the damage the morning after (+video)
Sandy, no longer a hurricane, but still huge, killed at least 16 people in seven states, cut power to more than 7.4 million homes and businesses from the Carolinas to Ohio, caused scares at two nuclear power plants, and stopped the presidential campaign cold.
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Apple replaces heads of software, retail
Following the launch of their flawed mapping software, Apple's CEO announced the company will replace two top executives, the head of software, responsible for Apple Maps and Siri, as well as the head of retail.
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Hurricane Sandy: Lights out in Lower Manhattan
Power was shut off to parts of Lower Manhattan Monday evening, leaving 156,000 without power in New York City, as hurricane Sandy's storm surge threatened to flood electrical equipment.
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Hurricane Sandy: Economy should bounce back analysts say
Though hurricane Sandy will impact dozens of industries and cause billions in damages, experts say the economy should recover quickly with reconstruction after the storm.
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PayPal restructuring means lost jobs
PayPal is cutting about 325 jobs as part of a major reorganization by its new president in an effort to head off competition. Though revered on Wall Street, Paypal has a reputation as slow and bureaucratic on Silicon Valley, making it hard to attract top-level talent.
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