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Auto industry gets loans, stocks respond

The auto bailout was passed last week for GM and Chrysler. Bush signed the bailout for them to receive $17 billion in loans. There were some fairly steep stipulation to the loans, but at the same time there is still very little structure to the …

Stock market reacts to Fed’s decision

Just after the Fed’s announcement to cut the interest rate the Dow rallied. The Dow started the day at 8565 and is now up over 2.19% and at 8784. Just before the announcement, it was trading around 8600 and was anticipating a rate cut…just not …

Did short selling almost destroy U.S. banking?

According to a CNBC report from Mad Money…yes. According to CNBC the hard numbers are these:
“Just in the 12 days leading up to the Nov. 24 Citigroup bailout, short selling accounted for over 49% of the total trading volume in that company’s stock. For JPMorgan …

Good news on Wall Street

Stocks are up (so far) today due to Citi calming investors’ fears with a government bailout. The bailout will keep the huge financial company from going under.
Not only is the Dow up (right now) over 300 points, but Citigroup’s stock is also trading almost 52% …

Citigroup to go on sale?

Citi is doing everything that it can to keep the company afloat. Right now, however, the stock keeps slipping and one of its options may be to sale the company.
However, the executives are doing everything they can to help the company out before going so …