Wallstreet Inside Track (WIT)

Consumer bankruptcies jump in 2008

Mon, 05 Jan 2009 22:18:53 +0000

Bankruptcy filings by American consumers increased nearly a third in 2008, according to a new report.

Original post by Financial news of the day - CNNMoney.com and plugin by Elliott Back

Sharp drop in small business loans

Mon, 05 Jan 2009 20:27:57 +0000

The credit freeze afflicting America’s small businesses shows no signs of thawing. In the last three months of 2008, the Small Business Administration’s flagship loan-guarantee program backed less than half the number of loans it approved a year earlier - a sign that fewer entrepreneurs are getting financing to start or expand their ventures.

Original post by Financial news of the day - CNNMoney.com and software by Elliott

Citgo suspends low-income oil program

Mon, 05 Jan 2009 20:25:29 +0000

Venezuela’s Citgo Petroleum is suspending a program that provides discounted home heating oil to lower-income residents in U.S. communities, an energy group announced Monday.

Original post by Financial news of the day - CNNMoney.com and software by Elliott

Stocks finish lower

Mon, 05 Jan 2009 20:14:45 +0000

Stocks fell Monday, retreating after last week’s big rally, as investors digested President-elect Barack Obama’s stimulus plan, monthly auto sales and surging oil prices.

Original post by Financial news of the day - CNNMoney.com and a wordpress plugin by Elliott

Long-term Treasurys tumble

Mon, 05 Jan 2009 19:39:46 +0000

Long-term government debt prices tumbled for the second session in a row Monday as investors shifted into riskier bonds and as President-elect Barack Obama pitched his stimulus package to both houses of Congress.

Original post by Financial news of the day - CNNMoney.com and plugin by Elliott Back

Wall Street retreats in volatile trade

Mon, 05 Jan 2009 19:28:52 +0000

Stocks fell Monday, retreating after last week’s big rally, as investors digested President-elect Barack Obama’s stimulus plan, monthly auto sales, and surging oil prices.

Original post by Financial news of the day - CNNMoney.com and plugin by Elliott Back

Gold sinks to 2-week low

Mon, 05 Jan 2009 19:10:48 +0000

The price of gold fell to a two-week low Monday as the U.S. dollar rallied on new details about President-elect Barack Obama’s fiscal stimulus plan.

Original post by Financial news of the day - CNNMoney.com and a wordpress plugin by Elliott

Congress looks for answers in Madoff scandal

Mon, 05 Jan 2009 19:09:43 +0000

Lawmakers took a hard look at the alleged $50 billion investment scam engineered by Bernard Madoff Monday, and one key Congressman vowed to take action to shake up the regulation of the nation’s financial system.

Original post by Financial news of the day - CNNMoney.com and a wordpress plugin by Elliott

Oil up 38% since Christmas

Mon, 05 Jan 2009 18:58:58 +0000

Oil prices soared again Monday - moving closer to the $50 mark - as the movement of Israeli forces into the Gaza Strip this weekend added to worries about Middle East supply disruption.

Original post by Financial news of the day - CNNMoney.com and software by Elliott Back

Oil nears $50 on Middle East tensions

Mon, 05 Jan 2009 18:31:54 +0000

Oil prices soared again Monday - moving closer to the $50 mark - as the movement of Israeli forces into the Gaza Strip this weekend added to worries about Middle East supply disruption.

Original post by Financial news of the day - CNNMoney.com and a wordpress plugin by Elliott