Oil’s rise is (understandably) getting all the attention. But it’s no coincidence the market’s tumble this week was accompanied by renewed weakness in the financial stocks, which make up about 16% of the S&P 500. …
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Posted on May 23rd, 2008 by
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Looking at the videogame sector, you’d never think the market is shaky or the economy is faltering.Take Take-Two, for example. The videogame maker has successfully resisted Electronic Arts’ takeover attempts and is right to hold out for a higher bid, says
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So much for a quiet pre-holiday session.A lot of traders expected Friday to be another “nothing day” like Thursday, with many hoping to get a jump on Memorial Day weekend.But the stock market was tumbling midday Friday after existing home sales
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The relative calm surrounding the Microsoft-Yahoo saga has been broken with a series of developments, most notably Yahoo’s announcement that it is delaying its shareholder meeting until “around the end of July.”Yahoo moved the meeting from July
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The debate over speculators’ role in crude’s surge raging at the highest levels:”This (high level of oil prices) is not about blame; it’s about supply and demand….” Treasury Secretary Hank Paulson told CNBC yesterday. “All the research I
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