The headline of yesterday’s story, “NEXT hit with cease and desist order,” was incorrect.
U.S. stocks skidded anew today as the Federal Reserve made the unusual move of lowering its 2007 and 2008 U.S. growth forecast for the second time in two months.
Chimera Investment Corp., a newly formed specialty finance company that will invest in mortgages, filed to raise up to $250 million through an initial public offering.
U.S. equities reversed sharp declines in trading today amid mounting market expectations that the Fed will cut its benchmark overnight interest rate in the near future.
Shares of E*Trade Financial, which had fallen by up to 22% in intraday trading on rumors the online broker and bank was freezing customer funds, bounced back somewhat after the fears proved unfounded.
Consumer prices gained slightly in July, while core inflation remained steady, according to the Labor Department.
Performance was negative in July for 12 of 21 hedge fund indexes created by Hedge Fund Research.
Sentinel Management Group was the latest financial firm to disclose problems related to increasingly difficult conditions in U.S. credit markets, and it provided investors with another reason to sell today.
Standard & Poor’s today introduced three investible global thematic indexes
Institutional investors may spend soft dollars anew, based on hopes that the SEC will not overhaul regulations.
