GraceCheng1's Participation

Not a member? Sign-up today! Sign In

GraceCheng1

GraceCheng.com, a leading New York-based financial portal, is a must-read for traders and investors who want high-impact financial news, market information and opinions from the ground.

Website: http://www.gracecheng.com/

Member Since: November 12, 2006

Participation | Friends | Stats GraceCheng1's Participation

This story has mostly positive ratings. 30 votes / No sinks

Dollar Pulled Down By Poor Durable Goods Orders

Money – US durable goods orders for February are quite bad, with overall orders down 1.7% instead of the expected 0.8% rise, while orders excluding transport equipment fell 2.6%. Although this was an improvement from the 4.7% drop in January, it was still worse than expected. The current housing slump and the prospect of a recession made companies reluctan

View Story Discuss (0) (gracecheng.com) 101 days ago by GraceCheng1

Submitted and Voted for on March 26, 2008 03:17pm

This story has mostly positive ratings. 31 votes / No sinks

Dow Falls On Citigroup's Profit Outlook

Money – After four trading days of rally, the Dow Jones Industrial Average (^DJI: 12451.19 -81.41 -0.65%) fell for the first time, weighed down by the decline in financial stocks, which are retreating by the biggest amount in nearly two weeks. Citigroup (C: 22.03 -1.39 -5.94%), the largest US bank, slumped the most in the Dow after

View Story Discuss (0) (gracecheng.com) 101 days ago by GraceCheng1

Submitted and Voted for on March 26, 2008 03:13pm

This story has mostly positive ratings. 26 votes / No sinks

Unexpected Rise In US Existing Home Sales

Money – US existing home sales came out better than expected, and posted the the first gain in seven months in February. The National Association of Realtors said Monday purchases increased 2.9% to an annual rate of 5.03 million, vs the 4.85 million projected. This was better than January's 4.89 million pace. However, house prices fell by the most in four

View Story Discuss (0) (gracecheng.com) 103 days ago by GraceCheng1

Submitted and Voted for on March 24, 2008 01:28pm

This story has mostly positive ratings. 26 votes / No sinks

Stocks Rally On JPMorgan's Revised Offer For Bear Stearns

Money – y after JPMorgan (JPM: 47.27 1.30 2.83%) announced it is increasing its bid for Bear Stearns (BSC: 12.009 6.0489 101.49%) to $10 a share, from the initial $2 per share offer, in a move to placate unhappy shareholders who weren't at all satisfied to see Bear Stearns taken

View Story Discuss (0) (gracecheng.com) 103 days ago by GraceCheng1

Submitted and Voted for on March 24, 2008 01:25pm

This story has mostly positive ratings. 31 votes / No sinks

US Stocks Ended the Week Up

Money – The Standard & Poor's 500 Index (^GSPC: 1329.51 31.09 2.39%) rose 3.2% to 1,329.51 this week, posting its first weekly gain in a month. Its loss so far this year stands at 9.5%. The Dow Jones Industrial Average (^DJI: 12361.32 261.66 2.16%) advanced 3.4% to 12,361.32. Bank stocks have had their biggest rally this week

View Story Discuss (0) (gracecheng.com) 105 days ago by GraceCheng1

Submitted and Voted for on March 22, 2008 01:19pm

This story has mostly positive ratings. 20 votes / No sinks

S&P Cuts Credit-Rating Outlook of Goldman and Lehman

Money – On Friday, Goldman Sachs (GS: 179.63 13.14 7.89%) and Lehman Brothers (LEH: 48.65 6.42 15.20%) had their credit-rating outlook cut to negative by Standard & Poor's, which said Wall Street banks' profits may decline as much as 30% this year. S&P said in a statement that their current expectation is that net revenue could decline

View Story Discuss (0) (gracecheng.com) 106 days ago by GraceCheng1

Submitted and Voted for on March 21, 2008 01:59pm

This story has mostly positive ratings. 22 votes / No sinks

US Dollar Rebounds On US Stock Rally

Money – Traders continue to pare their short USD positions against major currencies like the Euro, Swiss franc, Japanese yen and the British pound. Although interest rate differentials do not favor the US dollar in the medium- to long-term, the currency has managed to recover on the back of a strong rally in US stocks after the

View Story Discuss (0) (gracecheng.com) 108 days ago by GraceCheng1

Submitted and Voted for on March 19, 2008 01:10pm

This story has mostly positive ratings. 36 votes / No sinks

Israel's 'religious right' gains clout, complicating peace with Palestinians

Politics – "They made a decision that this is where the votes could come from ... and that being a little more right wing couldn't hurt them," Galnoor adds. "It's a gamble in a way, to try and get some of the votes that may otherwise go to the Likud," or other religious parties.

View Story Discuss (1) (csmonitor.com) 109 days ago by ameliog