Chin Up in the Downswing: Dow, Commodities Bouncing Back; Aeropostale Flying High
- March 16, 2009 05:45 PM
Wall Street is heading back up, thanks to bank stocks and confidence on the part of the Fed. Commodities are also lending an unexpected boost, and apparel retailer Aeropostale posted strong fourth-quarter numbers.
Chin Up in the Downswing: Stimulus Package Working, U.S. Trade Deficit Lessening, Markets May Be Heading Back Up
- March 13, 2009 06:15 PM
Some positive economic indicators of the day: the stimulus package is working, says top economic official; the trade deficit is narrowing; and if recent trends are an indication, the S&P 500 is poised for a rebound.
Kenya’s Cell Phone Text-Messaging Program Is Potential Microfinance Tool
- March 13, 2009 04:30 PM
Inspired by M-Pesa, a cell phone payment system used in Kenya, Txteagle plans to get unemployed Kenyans working on small tasks via text message.
Delaware May Transform State of Sports Betting in US
- March 13, 2009 01:45 PM
Delaware may institute legalized sports wagering by the end of the year, which could prompt a change in federal law.
Chin Up in the Downswing: Retail, Buffett and Virtual Startups Cash In
- March 12, 2009 05:15 PM
U.S. retail sector's February figures outpaced analysts’ expectations, Buffett sees potential for domestic investment and a former venture capitalist sees flush funding for new “virtual world” sites.
Madoff Goes Directly to Jail
- March 12, 2009 01:45 PM
Bernard Madoff pleaded guilty to 11 charges made in connection to his multi-billion dollar Ponzi scheme. He was sent directly to jail to await sentencing.
Chin Up in the Downswing: Buckle, American Public Education, Short Selling Uptick Rule
- March 11, 2009 05:00 PM
Among the latest positive financial headlines: clothing retailer Buckle and online education company American Public Education had positive numbers for Q4. Financial markets may get a boost if the uptick rule on short selling is reinstated.
Hitachi Will Plead Guilty in LCD Price-Fixing Case
- March 11, 2009 12:30 PM
Japanese technology manufacturer Hitachi has agreed to plead guilty to fixing prices on LCD screens sold to Dell for computer monitors.
Chin Up in the Downswing
- March 10, 2009 04:30 PM
During the deepest recession since the Great Depression, points of economic hope remain. FindingDulcinea has launched a column featuring positive economic and financial indicators.
Iceland Combats Financial Crisis with Arts and Crafts
- March 08, 2009 10:00 AM
In the face of a major economic downturn, Icelanders turn to their crafty sides and create homemade goods both to sell and use for themselves.
Western Interest in Islamic Finance Increasing
- March 05, 2009 01:15 PM
Amid the economic downturn, the principles of Islamic finance are getting more attention from several quarters, including the Catholic Church.
Italian Government Offers Boost to Fashion Industry
- March 04, 2009 11:15 AM
Italian Minister of Economic Development Claudio Scajola has vowed to put “interventions” in place by mid-March to boost the country’s iconic but flagging fashion industry.
What Does the Latest Federal Bailout Mean for AIG?
- March 03, 2009 07:30 AM
In exchange for a $30 billion bailout, AIG agreed to hand over control of two of its divisions to the U.S. government. The agreement marks the company's third federal bailout in five months.
Latest Government Aid to Citigroup: What Does it Mean?
- February 27, 2009 06:30 PM
After the federal government raised its stake in Citigroup, the institution announced that it’s converting much of its preferred stock to common equity.
Site Spotlight: Financial Nut
- February 23, 2009 08:15 AM
The Financial Nut wants to get your “financial IQ” in order. The author aims to learn alongside his readers, and the blog offers strategies for building a better financial present and future.
Is UBS’s Tax Investigation the Death Knell for Swiss Banking Secrecy?
- February 20, 2009 03:00 PM
The IRS slapped UBS with a lawsuit accusing the Swiss bank of abetting as many as 52,000 U.S. taxpayers in tax evasion. Is this the end of Swiss banking’s trademark opacity?
How Will the Stimulus Bill Help You?
- February 18, 2009 10:32 AM
With tax season upon us, many Americans wonder how the new bill will affect their wallets.
What Does the Final Stimulus Bill Contain?
- February 13, 2009 05:30 PM
The House of Representatives passed a version of the stimulus bill retooled by a joint Senate-House committee on Friday. But on what is the $789.2 billion package being spent?
China to Create Blacklist for Journalists Who Break Rules
- February 13, 2009 03:00 PM
The database will further limit a press that is already subject to heavy government oversight.
Senate Passes Stimulus Bill; Details Still to Be Settled
- February 10, 2009 01:51 PM
The Senate passed the $838 billion stimulus package Tuesday in a 61-37 vote. Members of the House and Senate will meet to hash out the package’s final details.
Satire Enjoys Renaissance Amid Economic and Political Adversity
- February 10, 2009 10:30 AM
Humor is taking center stage as an outlet to deal with stress during this latest recession.
J. Crew’s Uptick: The “Obama Factor” or Recession-Conscious Fashion?
- February 04, 2009 01:03 PM
Days after the Obama girls wore J. Crew coats during the presidential inauguration, the retailer rose in both fashion and financial stock.
France, Too, Launches Economic Stimulus Package
- February 03, 2009 12:33 PM
Prime Minister François Fillon announced a $31.1 billion stimulus package, making France the latest country to adopt fiscal policy akin to America’s Depression-era “New Deal.”
With Nation on the Brink, Will Congress Turn to Politics as Usual?
- February 03, 2009 11:30 AM
The stimulus package, approved in the House last week, goes on to the Senate floor this week. But will add-ons and pork hold up its passage—and America’s economic rebound?
Recession Hits New York Fashion Week Runways
- February 03, 2009 07:28 AM
The current economic crisis has brought fashion mainstays such as Betsey Johnson and Vera Wang to opt out of having full shows during this February’s New York Fashion Week.
Job Cuts Have Not Helped Companies’ Stock Prices
- February 02, 2009 09:00 AM
Layoffs are often the go-to for corporations looking to shore up their share prices. But in this recession, that has not been the case. What can companies do to keep their stock prices high?
Will the TARP Oversight Report Change Anything?
- January 30, 2009 02:00 PM
The Congressional Oversight Panel released a report Thursday detailing regulatory slip-ups leading to the current recession. What action, if any, will the Obama administration take?
What’s Really in the $819 Billion Stimulus Plan?
- January 29, 2009 05:10 PM
In an almost completely partisan vote, the House of Representatives voted to push through an $819 billion stimulus bill that now heads to the Senate. But what exactly is in it?
Korean Financial Blogger Case Highlights Press Freedoms, Behavioral Economics
- January 29, 2009 08:54 AM
A financial blogger’s accurate predictions of the economy’s slide has landed him in a South Korean prison, after the government blamed a $2 billion loss on him.
Financial Collapse Claims Iceland’s Conservative Government
- January 27, 2009 10:34 AM
Geir Haarde resigned as Iceland’s prime minister Monday, and today a new government, led by the left-leaning Social Democratic Alliance party, was formed.