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Weakness in China, turmoil in Europe hobble world markets

World Markets

Concerns over a slowdown in the world's biggest economies hit world markets on Friday, with weak indicators out of China and Europe's financial turmoil unsettling investors ahead of a crucial U.S. jobs report.

 

Facebook prices IPO at $38 per share

Facebook IPO

Facebook on Thursday priced its initial public offering at $38 per share. The social networking company, which is expected to go public tomorrow under the ticker symbol "FB," stands to reap $18.4 billion in the IPO.

 

European Stocks Sink

Stocks fell and the spread between Spanish and German bonds hit a record wide, as the prospect of fresh elections heightened concerns about the likelihood of Greece exiting the euro zone.

 

World Stocks Drop as Worries Over Greece Intensify

World stock markets dropped Monday as worries intensified over the condition of the eurozone and whether Greece is edging towards leaving the single currency union.

 

JPMorgan exec expected to resign, AP source says

JPMorgan Chase is expected to accept the resignation of one of the highest-ranking women on Wall Street after the bank lost $2 billion in a trading blunder, a person familiar with the matter said Sunday....

 

JPMorgan CEO: 'Dead wrong' about trading concerns

Jamie Dimon

The CEO of JPMorgan Chase, which disclosed a $2 billion loss last week, said he was "dead wrong" when he dismissed concerns about the bank's trading last month.

 

Stocks fall following JPMorgan's stunning $2-billion loss

JP Morgan Chase

Stocks dropped right out of the gate following JPMorgan  &  Chase Co.’s stunning disclosure that the bank lost $2 billion in “egregious” trading losses.

 

With Apple in, Dow would have set record long ago

Apple is the world's most valuable company. The Dow Jones industrial average is probably the world's best-known stock index. So don't they deserve each other? Consider this: If Apple had been added to the Dow in June 2009, the last time there were serious rumors that it would happen, the average would be about 2,500 points higher than it is today and well above its all-time high.

 

Euro up, stock markets mixed after votes in France and Greece

French and Greek Elections

Investors nervous about the changing political winds in Europe initially drove down the euro and sent stock markets falling across the region Monday morning, though markets were bouncing back later in the day following renewed signs of strength in the German economy.

Senh: "On one hand, a number of economists and politicians including Hollande have argued that a single-minded focus on cuts has done more harm than good, driving a number of the region’s economies into recession and sending unemployment soaring. They argue that fiscal restraint should now be paired with new policies also aimed at fueling growth." This is Barack Obama's been doing for the last three and a half years. I guess the French approves of how that's been going to vote in someone who wants to do the same.

 

Dow, S&P 500 Slip as Spain Enters Recession

Stock Market

News that Spain’s economy entered another recession renewed worries about the fragility of Europe’s finances on Monday and nudged stocks lower. The Dow Jones industrial average slipped 35 points to 13,192 shortly after noon Eastern.

 

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