The ratings agency S&P is out at it again. They have now downgraded the Italy’s rating. This has again caused ripples in the world stock markets. Plus, Greece is also in talks to tackle its debt, which doesn’t seems to be heading in the right direction. This has spread fear among investors that the current “recession” could spread out as ... Read More »
Investors growing worries on Google Stock
Google’s stock is exactly where it was in September 2007, and it has fallen 9% since Eric Schmidt announced in January that he’d be stepping down as CEO. The problem, investors say, is that for every reason to believe in Google (GOOG, Fortune 500), there seems to be a counterbalancing reason for concern. The company is growing rapidly, but antitrust ... Read More »
U.S. Gold Hits Record High
The Gold is getting hotter by the day. In US the gold has hit a record high price of above $1300 an ounce. Thanks to the failing markets and low confidence in market, people are now turning to Gold for refugee. Investors are now eying the Gold for their investments. This is increasing the demand and shooting the price up. ... Read More »
Irish economy shrinks by 1.2%
It has come as a surprise to many. The Irish economy has actually shrunk by 1.2% while everyone was expecting it grow. The Irish Republic’s economy shrank in the second quarter from the previous three months. Gross domestic product (GDP) fell 1.2%, the Central Statistics Office said. It also revised down its measure of growth in the first quarter to ... Read More »
Rave Motion Pictures Now 5th Largest Theater Circuit
Rave Motion Pictures has been buying a lot of theaters across the US. Now is set to further expand by buying upto 39 cinemas nationwide. This will boost it and make it the 5th largest Theater Circuit in the US based on the number of screens. Rave Motion Pictures is a Dallas-based company. Rave and its managers together with a ... Read More »
High-frequency trading: useless and manipulative?
I found an interesting article on the concept for High Frequency trading . The credit for the post is deserved by blogs.reuters.com. The explosion of interest in high-frequency trading has started to drag new faces to sometimes staid industry conferences. Traders who for years worked on algorithms and computer codes behind the scenes are stepping into the spotlight. They’re appearing on more and more panel discussions, feeling the need to defend ... Read More »
Ford Posts $2 Billion Profit!
The recession hit automobile giant Ford is back on track. It has managed to post $2 Billion quaterly net profit. Ford Motors managed this purly from restructuring. Ford also said it was on track to at least break even in 2011. This made the investors happy! It shot Ford shares up more than 9%. Ford also posted an operating loss ... Read More »