NASDAQ
General Electric Earnings Lower Than Expected
General Electric [GE] released it’s first quarter earnings data today. The earnings figures came out worse than expected which had a knock-on effect on the US dollar.
General Electrics share price fell over 11 percent today after the data was released.
GE blamed falling profits at its financial services businesses for the poor earning report.
The EURUSD pairing [...]
US Tech Stocks To Watch
Despite marked declines in the US Economy, the credit crunch crisis and poor performance on Wall Street, a number of Tech stocks have gone against the tide by performing well during these troubled times.
Forbes has a list of America’s 25 Fastest-Growing Tech Companies, with a breakdown of performances for each. The list is made up [...]
$39bn Bonus On Wall Street Despite Losses
In 2007 the five biggest Wall Street banks gave out a record $39bn in bonuses, according to Bloomberg.
The banks announced record losses and write-offs in the fourth quarter of 2007.
This trend has continued into 2008 with announcements of further losses by Citigroup and Merrill Lynch.
Despite dismal results and a distinct lack of profits in 2007, [...]
