Optimism returns to the markets: Dow Jones up 1.7 percent as stocks shake post-election slump encouraged by signs of progress to avoid impending ‘fiscal cliff’

http://www.dailymail.co.uk/news/article-2235497/Optimism-returns-markets-Dow-Jones-1-7-percent-stocks-shake-post-election-slump-encouraged-signs-progress-impending-fiscal-cliff.html By David Mccormack PUBLISHED: 00:00 EST, 7 November 2012 | UPDATED: 17:58 EST, 19 November 2012 U.S. stocks shook off their post-election slump Monday, recording their biggest gain in more than two months. It was the market’s first big, broad rise since election day, Nov. 6. Investors appeared more optimistic that Washington will reach […]

Back to reality for Obama: Dow Jones plunges 2.4 per cent in market’s WORST day of the year in wake of president’s re-election

http://www.dailymail.co.uk/news/article-2229309/Election-2012-Stocks-plummet-wake-President-Obamas-election.html President Obama was snapped back into the reality of dealing with a fragile economic recovery today as stocks plunged in the market’s worst day of the year in the wake of his re-election. The Dow Jones industrial average plummeted 2.4 percent, or 313 points, capping the market’s worst performance since Nov. 9, 2011 and […]

Google’s catastrophic $24billion loss leads to global market fall as shares in search giant continue to tumble

http://www.dailymail.co.uk/news/article-2219975/Markets-fall-worldwide-wake-Google-s-catastrophic-24billion-loss-nervous-investors-wait-Wall-Street-open.html   Respected financier David Buik said: ‘The bubble has burst. After Google’s meteoric rise something like this was always bound to happen’ Third-quarter profits fell 20% on a year earlier to $2.18bn (£1.35bn) Trading halted to give investors chance to digest news amid crash fears Printing firm R.R. Donnelley blamed for leaking report ahead […]

Dow drops more than 200 POINTS in less than an hour of trading as analysts fear Spain may need formal bailout

http://www.dailymail.co.uk/news/article-2177744/Dow-drops-200-POINTS-hour-trading-analysts-fear-Spain-need-formal-bailout.html Euro falls to 11-year low against the yen and 2-year low versus U.S. dollar More Spanish regional governments expected to call on central government for help, sparking fears Spain will need full bailout By 4pm the Dow was back to only being 78 points down By Adrian Lowery and Daily Mail Reporter PUBLISHED: 09:33 […]

Report: JPMorgan trading losses may reach $9B

http://news.yahoo.com/report-jpmorgan-trading-losses-may-reach-9b-105948764–finance.html Associated Press – 8 hrs ago NEW YORK (AP) — Shares of JPMorgan Chase & Co. tumbled Thursday as a published report said that the bank’s losses on a bad trade may reach as much as $9 billion — far higher than the estimated $2 billion loss disclosed last month. In May, JPMorgan said the loss […]

Banking giants see credit rating downgrade on terrible day for Dow as market plunges 2%

http://www.dailymail.co.uk/news/article-2162994/Banking-giants-credit-rating-downgrade-terrible-day-Dow-market-plunges-2.html By Daily Mail Reporter PUBLISHED: 19:12 EST, 21 June 2012 | UPDATED: 19:12 EST, 21 June 2012 The economy was hit with a double whammy of bad news on Thursday as the stock market plunged on the day that 15 major banks had their credit ratings downgraded. Moody’s cut the ratings of global lenders […]

Mark Zuckerberg faces ANOTHER lawsuit over charges he knew Facebook’s price would drop and cashed in $1.1 billion before shares slumped

http://www.dailymail.co.uk/news/article-2154529/Mark-Zuckerberg-faces-lawsuit-charges-knew-Facebooks-price-drop.html Shares of the social media giant have dropped 30 percent to below $27 Lawsuit says Zuckerberg’s notice he was dumping 30.2 million shares of Facebook on the first day of the IPO is proof of their claims Previous lawsuit says the banks knew Facebook revenues would fall short of expectations but only told a […]

Asia stocks tumble, Tokyo hits 28-year low amid global rout Reuters

http://finance.yahoo.com/news/asia-stocks-tumble-tokyo-hits-28-low-amid-025223067–finance.html By Chikako Mogi | Reuters – 1 hour 21 minutes ago TOKYO (Reuters) – Asian shares tumbled on Monday, pushing the broader Tokyo market to a 28-year low, as investors extended a rout of global stocks and worried about a nightmare scenario of euro-zone breakup, U.S. economic relapse and a sharp slowdown in China. Tokyo’s broader […]

Were investors misled about how much Facebook was REALLY worth? Watchdog to investigate claims investors were not told about lower ‘forecasts’

http://www.dailymail.co.uk/news/article-2148414/Wall-Street-watchdog-set-investigate-Facebook-IPO-claims-Morgan-Stanley-failed-alert-investors-lower-revenue-forecast.html Senior Nasdaq official reportedly tells customers it would have pulled out of Facebook IPO if they had known extent of problems In three days of trading, Facebook’s stock value has dropped a whopping 18 per cent Morgan Stanley subpoenaed by authorities in Massachusetts over the underwriter’s discussions with investors At least one investor sues […]

‘Voldemort’ hedge fund disaster could hit JP Morgan for £4bn in one of Square Mile’s worst trading catastrophes

http://www.dailymail.co.uk/news/article-2147717/Voldemort-hedge-fund-disaster-hit-JP-Morgan-4bn.html By Ruth Sutherland PUBLISHED: 13:48 EST, 21 May 2012 | UPDATED: 19:26 EST, 21 May 2012 British losses at the JP Morgan bank could double initial estimates and top £4billion – making it one of the worst trading catastrophes ever to hit the Square Mile. The warning came as details emerged of bitter rows […]