For now, it seems that the freefall that was known as Citigroup has slowed down and actually stabilized for awhile. The company whose stock price used to be around $55 a share back in 2006 is now hovering around $3.50 a share, but it’s been hovering around there for a [...]
At the beginning of the week, I proclaimed that the stock market, most specifically the Dow Jones, was going to go down based on how things had closed on the previous Friday. Therefore, imagine my surprise when the Dow ended the week up close to 400 points.
It’s a funny game, [...]
Would you trust this guy? Seems a lot of people did, to the tune of more than $1.2 billion dollars that are now gone. And this guy, Scott Rothstein, is heading to jail for probably the rest of his life, or at least 25 years of it, giving [...]
If you’re older than 21, you probably remember Super Bowl XXXIV in 2000, when no less than 14 internet companies had commercials during the game. Some people thought that was the peak of the Dot Com Era; instead, it was actually the end, or drastic demise, of the dot com [...]
I thought I’d written on this one before, but I don’t see it so I’ll write about it now. I’ve heard people ask this question over and over; where did all the money go that was lost in the stock market and in real estate?
The answer is nowhere. The [...]
In a bit of irony, just days after a Times Magazine story titled Top 10 Worst Business Deals listed Yahoo’s rejection of Microsoft’s bid for their search engine as the number one worst business deal, Microsoft and Yahoo finally came together on a deal to join forces with each other.
In general, [...]
Yesterday it was reported that the Nasdaq Composite Index rose 10.18 points, or 0.5%, to 1926.38, its 11th straight rise, a streak not seen since September 1996. The Dow lost 34.68 points, or 0.4%, and the S&P 500 index lost 0.51 points, or 0.1%.
That all sounds good for NASDAQ, right? [...]