There are two compelling arguments against suspending short selling completely, even if it is for only a brief period. The first is that a free market allows investors to make ... Read Full Story »
Most Americans think that closing the markets for a day or two is the action of socialists and not an appropriate way to deal with the current credit debacle.Nevertheless, the ... Read Full Story »
For the time being, the move by central banks to add $180 billion to the financial systems to improve liquidity at large banks and brokerages seems to be working.The Hang ... Read Full Story »
The Fed and a number of other large central banks will put $180 billion into the markets to improve liquidity. Policy makers ``continue to work together closely and will take ... Read Full Story »
According to Reuters, Morgan Stanley (MS) is in merger talks with several firms.Reuters says HSBC (HBC) may be a possible buyer for Morgan Stanley.Reuters reports that Washington Mutual (WM) is ... Read Full Story »
Markets in Asia were sharply lower.The Nikkei fell 2.2% to 11,489. Sony (SNE) hit a five year low. Honda (HMC) dropped sharply.The Hang Seng was off over 5% to 16,742. ... Read Full Story »