by | Oct 19, 2010 | Towing
Authorities spotted what appears to be a $7.9 billion computer glitch at NYSE Euronext’s Arca stock market.
A system upgrade at Arca triggered an apparent 9.6% drop in an exchange-traded fund Monday, Bloomberg News said. That plunge would have knocked $7.9 billion off one of the country’s most popular securities.
Sponsored Links
The SPDR S&P 500 ETF Trust was trading at $106.46 at 4.15pm…
Continue reading Computer Glitch Could Have Wiped $7.9 Billion Off ETF
Computer Glitch Could Have Wiped $7.9 Billion Off ETF originally appeared on DailyFinance on Tue, 19 Oct 2010 09:09:00.
Filed Under: Company News, Technology, Stocks in the News, Market News
by | Oct 19, 2010 | Towing
China hiked its interest rates for the first time since 2007 in a bid to combat rising inflation.
The People’s Bank of China raised its one-year deposit rate to 2.5% from 2.25%, while the lending rate rose to 5.56% from 5.31%, Bloomberg News said.
Sponsored Links
Inflation rose to 3.5% in August, highlighting the risk of an overheating economy. China, the world’s second-largest economy, grew at an…
Continue reading China Raises Interest Rates For First Time Since 2007
China Raises Interest Rates For First Time Since 2007 originally appeared on DailyFinance on Tue, 19 Oct 2010 08:02:00.
Filed Under: Economy, Currency, Market News
by | Oct 19, 2010 | Towing
When the economy is weak and the upside for equities is limited, investors typically turn to smaller companies for growth. That dynamic is repeating itself now, as small-cap stocks surge past the sluggish broad market.
…
by | Oct 18, 2010 | Towing
The crisis could hit bank earnings in several ways, not all of them directly related to the foreclosure problem. One big risk is “putbacks,” the faulty loans banks could be forced to repurchase. JPMorgan puts that cost at up to…
by | Oct 18, 2010 | Towing
Goldman Sachs is expected to report a sharp drop in third-quarter earnings early Tuesday, due to a decline in trading activity in a market that’s been light on volume for months. Goldman is forecast to report adjusted earnings …
