The much anticipated Apple iPhone 5 finally went on sale on Friday, September 14, 2012 on Apple Stores and on-line as well as its carriers including AT&T, Verizon Communications and Sprint Nextel. The Apple stock, ticker: AAPL, reached a new all-time high as a result. Some Wall Street analysts were quick to declare that the […]
Month: September 2012
The U.S. tax payers to profit from an earlier bailout
At a time where Feds announcing new quantitative easing to stimulate job growth and bring down the stubbornly high unemployment, some of the earlier bailout efforts are bringing in profits for the U.S. tax payers. Four years ago, the U.S. Government bailed out several Wall Street behemoths amid heavy criticism and controversy. One of those […]
Dow Jones Industrial Average (Dow)
The Dow announced that it is replacing the current Kraft Foods (KFT) in the index with UnitedHealth Group (UNH) at the close of market on Friday, September 21, 2012. The Dow Jones Industrial Average is also known as Dow, Dow 30, Industrial Average, DJIA and Dow Jones. It is one of the stock market indexes. […]
Quantitative Easing 3 (QE3)
On Thursday, September 13, 2012, the Federal Reserve Bank (Central Bank or Feds) of the U.S. announced that it is initiating a plan to buy $40 billion a month worth of mortgage-backed securities for an indefinite time period. It is intended to stimulate job growth and speed-up the stagnating economic recovery. Since this is the […]