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Video: Reuters Business Recap for the Week of October 22, 2007
Stocks finished the trading week with a triple-digit gain of the Dow on Friday as strong profits report from software giant Microsoft lifted technology stocks and bullish forecast from the nation’s largest mortgage provider Countrywide boosted the financial sector. What happened in the middle of the week was more interesting. For each day from Tuesday [...]
Popularity: 11% [?]
Video: Reuters Business Recap for the Week of October 15, 2007
What a week!
The US stock markets headed nowhere but south as worries of a recession returned to the street. The earning season kicked into high gear last week, however the early reporters did bring investors much to cheer about. Big banks, including Citibank, Bank of America, and Wachovia, wrote down billions of dollars of [...]
Popularity: 10% [?]
Video: Reuters Business Recap for the Week of October 8, 2007
US stock markets continued their recovery from the summer slump last week and extended its winning streaks to 5 weeks as investors’ confidence got a boost from the minutes of the last Fed meeting which indicated the central bank is ready to take more actions should the economic conditions deteriorate. Meanwhile, the 0.6% gain in [...]
Popularity: 9% [?]
Video: Reuters Business Recap for the Week of October 1, 2007
When the Dow hit the intra-day low of $12,455 on August 16, 1,545 points or 11% below its peak of 14,000, the talks were all about how the economy will slide into recession. And the 4,000 job losses in August’s payroll number made the recession look inevitable. Though the possibility is still there (former [...]
Popularity: 9% [?]
Video: Reuters Business Recap for the Week of September 24, 2007
The last trading week of the month ended on the up note despite the moderate decline on Friday. With the lack of other significant economical and policy news, the contract agreement reached between GM and the labor union grabbed the headline last week and was hailed as a landmark contract that could bring competitiveness back [...]
Popularity: 12% [?]
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