Shares in The Bear Stearns Cos. tumbled 15% this morning amid growing fears that the investment bank, the smallest of Wall Street’s big five, doesn’t have enough capital to survive its own mistakes, and the deepening credit crisis, according to Crain's New York Business.
Though chief ex
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Skeptics says products often fare worse than simpler alternatives.
Following a 13 percent advance this year, the price of the yellow metal wavered as traders weigh the odds of harmful rate hikes.
Data show amped-up net buying in sector through long positions and short-covering even amid a slide in S&P 500 IT index.
The S&P 500 is poised to extend gains on tech earnings while short-term Treasury yields fell following brisk rise in Fed’s preferred inflation gauge.
Cantor Fitzgerald’s chief executive predicts the central bank will “show off a little bit” just before voters head to the polls.
