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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Hurricane Sandy to cost billions. Will the economy stand?
Hurricane Sandy is causing disruptions for companies, travelers and consumers. But for the overall economy, damage from Hurricane Sandy will likely be limited. Economists estimate the damage will cost between $10 billion and $20 billion.
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Campaigning with an eye on the storm
As Sandy heads north, bearing down on battleground states, President Barack Obama and Republican nominee Mitt Romney have had to rethink their campaigns and cancel some events.
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Horizons
Apple CEO blames rumor-mill for underwhelming iPad salesApple iPad sales were up in Q4 of 2012 – just not as much as many analysts had predicted.
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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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Newell Rubbermaid to shed 10 percent of workforce
Newell Rubbermaid, maker of Sharpie pens and its namesake containers, plans to cut 1,900 jobs, or about 10 percent of its worldwide workforce. The cuts are part of a reorganization effort by Newell Rubbermaid over the next two and a half years.
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Stocks edge higher, breaking a weeklong slump
Stocks eked out the week's second day of gains Thursday after flipping between gains and losses for most of the day. A strong report from Procter & Gamble boosted stocks early in the day.
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The Monitor's View: Oh, the ease of blaming others in a crisis
When earthquake experts are sentenced for bad predictions and lenders accused of bad calls on mortgages, society needs a reminder that individuals are responsible for their actions.
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Windows 8 could baffle, perplex customers (+video)
Windows 8 represents a radical departure from previous Microsoft operating systems, one that some early users have found frustrating.
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Chapter & Verse
'Why I Left Goldman Sachs': a viral op-ed expands into a memoirGoldman Sachs employee Greg Smith's 'Why I Left Goldman Sachs' drew strong response as an op-ed in The New York Times, but is garnering negative reviews as a memoir.
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Stock futures strong as markets await final presidential debate
Stock futures have started the week off solidly anticipating news of another round of corporate earnings and the final presidential debate Monday night.
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Hasbro income falls on boy, preschool toys
Hasbro's net income fell in the third quarter heading into the holiday shopping season. Sluggish sales for toys aimed at boys and preschoolers dragged down Hasbro profits.
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Cover Story
Reverse brain drain: Economic shifts lure migrants homeThe tide of brain drain – from developing countries to industrialized nations – has turned. Human capital is returning home to Asia, Latin America, Eastern Europe, and Africa, while some European professionals squeezed by the recession, turn toward developing countries for advancement.
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Stocks down as weak earnings drag market lower
Stock prices dropped Friday after the release of poor corporate earning reports from Microsoft, General Electric and McDonald's. All 10 industry groups in the S&P 500 fell, led by materials and technology stocks.
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Robert Reich
How Obama can defeat Romney: Break up the big banks.President Barack Obama should counter Mitt Romney’s extraordinary solicitude toward Wall Street with a proposal to cap the size of the nation’s biggest banks, Reich writes.
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Gloomy Google report hurts Nasdaq; Stocks fall
Trading of Google stock halted Thursday after a poor earnings report was prematurely published. The report's bleak advertising figures dragged down Facebook stock as well.
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Google's big miss highlights Wall Street's big worry (+video)
Google isn't the only company reporting disappointing revenues. So far this earnings season, most companies have exceeded profits expectations, but only 42 percent have beaten revenue forecasts.
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Walking back, to avoid climbing down
A pedestrian metaphor proves to have legs in this electoral season
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Stock market edges up on stronger housing report
The stock market ended mostly higher Tuesday after a surprisingly strong housing report. Better results from Mattel, Goldman Sachs, and Johnson & Johnson also shot the stock market higher.
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High earnings, low inflation propel stocks upward
Low inflation and decent earnings reports sent stocks upward Tuesday. Stocks in nine out of 10 industry groups in the S&P 500 index rose.
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Energy Voices
Gas prices push consumer costs up in SeptemberThe consumer price index jumped only 0.6 percent last month, despite a 7 percent increase in gas prices. High gas prices have taken its toll on consumers this year.
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Robert Reich
A memo to the president re: the next debateRobert Reich sends his advice to President Obama in anticipation of his second debate with Mitt Romney.
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Stocks higher after retail sales improve
A strong gain in retail spending sent stocks upward Monday. A positive earnings report from Citigroup was responsible for a broad rise in bank stocks.
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The Monitor's View: Why Romney, Obama must drop the fear-mongering
In their political ads and presidential debates, Mitt Romney and President Obama worsen economic uncertainty by using fear tactics and pandering to special interests. The economy needs the certainty of a political consensus.
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Stocks fall in worst week since June
Stocks dropped after investors had a mixed reaction to earnings reports from JPMorgan Chase and Wells Fargo. Financial and utility stocks had the biggest declines among the 10 industries in the S&P 500.
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Gloomy outlook from Chevron, Alcoa sinks stocks for third straight day
Stocks slumped Wednesday after Chevron and Alcoa issued pessimistic reports. Energy and materials stocks, whose fortunes hinge on economic growth, dropped the most.
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