US stocks plunged after the biggest drop in retail sales in three years and fears of a recession overshadowed any lingering enthusiasm over regulators’ efforts to recapitalize banks industry. Read More
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Chaos: That pretty much sums up the thinking on global markets. The follow-up is: Get me out of everything. Sell it; I don’t care what it is, or what the price is. Just get me out. Read More
US stocks dipped lower after yesterday’s record rally; shares in the technology and consumer-discretionary sectors took the biggest hit today, buffeted by fears of a US recession and its impact on consumer spending. Read More
US stocks surged dramatically today, as international efforts to ameliorate conditions in the credit markets buoyed investor sentiment. Read More
Cash Cow Tortoise Energy Infrastructure Corp (NYSE: TYG) issued an update regarding its leverage coverage ratios in the wake of the recent market selloff in units of master limited partnerships (MLP). Read More
Today marked another tumultuous trading session on the three major stock exchanges. After rallying several times throughout the day, US stocks eventually finished mixed, unable to overcome concerns about the fallout from the global credit crisis. Read More
The third quarter is traditionally Acergy’s (NSDQ: ACGY) strongest, and this year proved no exception; the company posted solid results for the third quarter, prompting management to confirm that the firm is on pace to reach $3 billion in revenues for the year. Read More
The selloff continued today, with the three major US stock indexes plumbing depths unseen in quite some time. Shares in the financial sector led the decline, as concerns about frozen credit markets continued to weigh on investor sentiment. Read More
No matter where you look, carnage abounds in markets around the globe; companies in every sector and every market have taken massive hits. Read More
Yes, it’s flat out ugly out there. Stocks are sinking, commodities are getting crushed, real estate is blindly searching for a bottom and even bonds are being bounced over fears of what might be next in the ongoing credit crunch. Read More