Description:Â The stock market has a chance to hit new recovery highs until it tops out, with that halt potentially coming late this summer, according to Stockmarket Cycles editor and money manager Peter Eliades. MarketWatch’s Laura Mandaro reports.
Source: Marketwatch.com – video report
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Date: 05/11/2010
Questions for discussion:
Description: The gold rally revved up again Friday, nearly hitting a record $1,250 an ounce, before slipping later in the day in volatile trade. Stock market jitters and Europe’s debt troubles have sent investors flocking to the precious metal, but why?
Source:Â CNNMoney.com
Date: 05/14/2010
Link: http://money.cnn.com/2010/05/14/markets/gold_record/index.htm
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Questions for discussion:
Description:Â International Business Machines Corp. Chief Executive Officer Sam Palmisano, seeking to boost earnings by focusing on software and services, said he plans to spend $20 billion on acquisitions in the next five years.
Source: Bloomberg.com
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Date: 05/12/2010
Link: http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aRqLcBIcjkcE
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Description: U.S. two-year notes had their first three-week winning streak since January as demand for the safest assets rose on speculation Europe’s sovereign-debt crisis will damp growth and lead to disintegration of the euro.
Source: Bloomberg.com
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Date: 05/15/2010
Link: http://www.bloomberg.com/apps/news?pid=20601103&sid=a3uJ_8cLNk.A
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Description:Â NYSE Euronext CEO, Duncan L. Niederauer, says his exchange slowed trades of stocks including 3M, Accenture and P&G during the 998 point drop.
Source: CNNMoney.com – video report
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Date: 05/07/2010
Link: http://money.cnn.com/video/markets/2010/05/06/mkts_nyse_ceo.cnnmoney/
Questions for discussion:
Description:Â Greece was gripped by a nationwide general strike, in what is seen as a key test of the government’s ability to shepherd through tough austerity measures in exchange for a multibillion-euro bailout. Charles Forelle, Evan Newmark and Mike Reid discuss.
Source: Marketwatch.com – video report
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Date: 05/05/2010
Questions for discussion:
Description: Theories about yesterday’s stock market swoon, where within a matter of 20 minutes, the stock market plunged by 1,000 points and then nearly completely recovered, are abounding. Fortune asked Rishi Narang, founder of the hedge fund Telesis Capital and author of Inside the Black Box, to share the theories he’s heard and handicap them in terms of likelihood and plausibility.
Source:Â CNNMoney.com
Date: 05/08/2010
Link: http://money.cnn.com/2010/05/07/markets/market_swerve.fortune/index.htm
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Questions for discussion:
Description: U.S. regulators closed four banks holding less than $740 million in total assets as this year’s failures climbed to 68. Lenders in Arizona, California, Minnesota and Florida were closed by regulators and the Federal Deposit Insurance Corp. was named receiver, according to statements on the agency’s website. The failures cost the FDIC’s deposit insurance fund $213.7 million, a fraction of last week’s $7.3 billion total cost. City National Corp., the Los Angeles-based lender with $20.1 billion in assets, purchased one of the banks.
Source: Bloomberg.com
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Date: 05/08/2010
Link: http://www.bloomberg.com/apps/news?pid=20601103&sid=aRVsqkRolq1c
Questions for discussion:
Description: Warren Buffett’s Berkshire Hathaway Inc., which reported a $3.6 billion first-quarter profit last week, said gains at private flight company NetJets Inc. and railroad Burlington Northern Santa Fe bolstered results.
Source: Bloomberg.com
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Date: 05/08/2010
Link: http://www.bloomberg.com/apps/news?pid=20601103&sid=aPL.hvjH5srY
Questions for discussion:
Description:Â Fortune’s Andy Serwer talks about how the Senate’s proposed financial reforms will affect Berkshire Hathaway’s derivatives holdings.
Source: CNNMoney.com – video report
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Date: 04/29/2010
Link: http://money.cnn.com/video/fortune/2010/04/29/f_sl_buffett_derivatives_berkshire.fortune/
 Questions for discussion:
