Home » Tag Archives: financial markets

Tag Archives: financial markets

Where is the Dow Jones headed?

Next stop, 15,000? As the Dow Jones Industrial Average settled at a new all-time high of 14,253.77 on March 5, the psychological lift on Wall Street was undeniable — the market was finally back to where it was in 2007. Or was it? 1 For many, the Dow “is” the stock market, and the stock market, in turn, is a ...

Read More »

Freddie Mac exec fired for unspecified reason

MCLEAN, Va. — Freddie Mac says one of its executive vice presidents has been fired from his job. The mortgage finance company disclosed the “termination” for Michael Perlman in a regulatory filing today. Perlman was the executive vice president of the company’s operations and technology. The company didn’t say why Perlman was let go Monday. But the company says his ...

Read More »

Financial overhaul bill headed for President's desk

WASHINGTON — Congress is getting tougher on both borrowers and lenders blamed for inflating a housing bubble that, when it popped, plunged the nation into a severe recession two years ago. Under sweeping financial overhauls that have now passed the House and Senate, home buyers won’t be able to get a mortgage without producing pay stubs or other evidence they ...

Read More »

Stock futures tumble on Goldman Sachs news

NEW YORK — Stock futures fell this morning on concerns about the fallout over Goldman Sachs being charged with civil fraud tied to dealings in bonds backed by subprime mortgages. Asian markets tumbled in their first trading session since the Securities and Exchange Commission brought civil fraud charges against Goldman Sachs Group Inc. Friday. World markets are also being dragged ...

Read More »