Written by Wall Street loves easy money. That’s what I conclude from today’s 200-point stock market rally, which started early and gathered force, pushing the Dow back over 10,000 at the close of trading. READ MORE »
Posts tagged wall street
Goldman Limits Facebook Deal
Goldman Sachs Group slammed the door on U.S. clients hoping to invest in a private offering of shares in Facebook Inc., because it said the intense media spotlight left the deal in danger of violating U.S. securities laws. READ MORE »
Euro-zone troubles may keep stocks on edge
Stocks could face more volatility next week as growing doubts about whether Europe can solve its deepening debt crisis are likely to take center stage again. READ MORE »
Gilead Sciences Plans $5B Buyback Over Three Years
NEW YORK (Dow Jones)–Gilead Sciences Inc. (GILD) is planning to repurchase $5 billion of stock over three years in the wake of speculation about what the HIV treatment-focused company would do with its large cash pile. READ MORE »
Gold Futures Tumble Below $1,200 as Demand Ebbs Following Rally
Gold futures tumbled below $1,200 an ounce as demand waned following the metal’s rally to a record last month.
Last week, gold dropped 3.9 percent, the most since mid- May. READ MORE »