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Market Roundup (GS, UN, CADX, AAPL)
Monday, April 19, 2010 - 2:53pm | 242With Goldman Sachs (NYSE: GS) giving its third rebuttal to the SEC complaint, markets see the bank as protesting too much. The risk for the bank in the final outcome of the case could be significant. Unilever (NYSE: UN) is ready to put its Italian frozen-foods division out for an auction. The...
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John Paulson, Gold And Commodity ETFs
Monday, April 19, 2010 - 2:24pm | 231Nigel Phelan, director in Australia and New Zealand at ETF Securities, remains bullish on gold and the stability of other commodity(...)Read the rest of John Paulson, Gold And Commodity ETFs Copyright 2010 ETFDAILYNEWS.COM The copying, republication or redistribution of ETFDailyNews Content,...
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Markets Look Close To Confirming Top As Regulation & Earnings Loom
Monday, April 19, 2010 - 1:28pm | 440The markets are slightly lower on the back of continued worry about financial regulation in the aftermath of charges of fraud against Goldman Sachs Group, Inc. (NYSE: GS). In addition, a volcanic eruption spewing tons of soot in the air in Iceland has put a stop to most air travel across Europe....
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Sell-off After News Of GS Scandal Overdone
Monday, April 19, 2010 - 1:28pm | 184Analysts at Keefe, Bruyette & Woods believe that the sell-off following news of the Goldman Sachs (NYSE: GS) scandal appears overdone and may be reflecting investor nervousness. On April 16, the SEC filed a suit against GS for fraud in conjunction with the sale of mortgage securities. The stock...
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Will Crude Oil Continue To Drop?
Monday, April 19, 2010 - 12:00pm | 1833Will Crude Oil Continue To Drop? Over the past week, Crude Oil saw an extremely volatile session. After peaking at $86.60 a barrel, crude oil sharply dropped and is currently trading at $83.30 a barrel. At the same time, the Dollar is correcting losses against the Euro and the two trends seem to be...
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Will Crude Oil Continue To Drop?
Monday, April 19, 2010 - 12:00pm | 1833Will Crude Oil Continue To Drop? Over the past week, Crude Oil saw an extremely volatile session. After peaking at $86.60 a barrel, crude oil sharply dropped and is currently trading at $83.30 a barrel. At the same time, the Dollar is correcting losses against the Euro and the two trends seem to be...
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Chinese Shares Fall, Drags Down Hong Kong
Monday, April 19, 2010 - 11:29am | 466Reuters has reported that Monday saw Chinese shares fall by nearly 5 percent. This happened after China took further steps to curb the booming real estate market. Property stocks were beaten down and the Hong Kong market was dragged down too. China has instructed local governments to take steps to...
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Earnings Reports And Goldman Likely To Keep Markets Slow (GS)
Monday, April 19, 2010 - 10:49am | 150The SEC charges against Goldman Sachs (NYSE: GS) are likely to keep U.S. stocks weighed down. A number of major companies are scheduled to announce their quarterly numbers this week. According to Reuters, the earnings will need to clear a high bar to give Wall Street a reprieve. Hank Smith, chief...
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Dan Dicker: GS Troubles May Slam Oil Prices
Monday, April 19, 2010 - 9:25am | 356Goldman Sachs ($GS) is one of the largest players in the oil markets worldwide. Could their problems lead to a sell off in the price of oil itself? Dan Dicker, who boasts 20 years of experience as a New York Merc floor trader, believes that there will be a great deal of scrutiny of dark pools in...
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Oil Prices Down (SCO, DBO)
Monday, April 19, 2010 - 9:22am | 123Oil prices fell for the third consecutive trading session today. Crude oil for delivery in June was down by $2.02 to $82.65 a barrel, while crude oil for delivery in May fell $2.23 to $81.01 a barrel. Prices have fallen on the back of a stronger dollar and the lawsuit filed against Goldman Sachs (...
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US Stock Futures Point To A Weak Opening; Investors Eyeing Citigroup Results
Monday, April 19, 2010 - 8:55am | 244US stock futures are quite weak today as markets continue to reverberate from the shockwaves of Goldman Sachs (NYSE: GS) having been charged by the Securities and Exchange Commission (SEC). Meanwhile, Europe continues to be enmeshed in an aviation crisis resulting from the volcanic eruption in...
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Expect the Unexpected
Monday, April 19, 2010 - 8:04am | 582Money magazine recently published an article where some of the nation's leading business owners offered advice to readers. With a diverse list of experts and many nuggets of wisdom, at times the advice starts blending together. However, one piece of information caught my eye and separated itself...
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US Stocks Suffer Heavily At The Hands Of Goldman
Monday, April 19, 2010 - 7:52am | 339US stocks were dragged down on Friday, after news of the Securities and Exchange Commission (SEC) charging Goldman Sachs Group Inc (NYSE: GS) hit the market. The Dow Jones Industrial Average slipped 125.91 points, or 1.1%, to close at 11,018.6. The Dow still posted its seventh straight weekly gains...
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Markets Expected To Open Lower (GS, C)
Monday, April 19, 2010 - 7:24am | 105Equity markets in the U.S. are expected to open lower today following Friday’s lawsuit filed by the SEC against Goldman Sachs (NYSE: GS). S&P 500 futures fell by 5.8 points to 1184.10, while the Dow Jones Industrial Average futures fell by 47 points. Nasdaq 100 futures were down by 7.5 points...
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SEC Investigating Mortgage Deals By Other Wall Street Firms (GS, UBS,BAC, DB)
Monday, April 19, 2010 - 6:49am | 181The Wall Street Journal reports that following the lawsuit filed by the SEC on Friday against Goldman Sachs (NYSE: GS), the regulator is now probing mortgage deals put together by other Wall Street firms. The lawsuit filed by the SEC on Friday blamed Goldman of misleading investors by selling them...