Word: walles
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...Recently The Wall Street Journal reported that "Goldman Sachs estimates that China's economy grew 2.6% in the October-December period from the July-September quarter. The OECD puts the quarter-on-quarter growth for the same period at 0.3%." The numbers are telling in two ways. The first is that estimates of economic activity on the mainland are imprecise. The second is that China's growth rate may have already have slowed considerably...
...company continues do well because its tremendous buying power, distribution, and brand allows it to attract customers who get relatively high quality products for very little money. Its success removes a great deal of the foot traffic from the rest of the industry. (See pictures of TIME's Wall Street covers...
That sort of context might prove useful for thinking about the day's broader market moves. To be sure, it was a happy one on Wall Street. The Dow Jones industrial average was up 5.8%. The broader S&P 500 index rose 6.4%. The tech-heavy Nasdaq composite gained 7.1%. For investors used to seeing negative signs in front of figures like those, there was cause for celebration indeed. (See the best business deals...
...With stock markets collapsing around the world, nobody needs an illustration of where that kind of hubris can lead. Ordinary folks with bills to pay may smell something funny in fiscal instruments with names like "credit-default swaps," but when you work on Wall Street and people call you a "master of the universe," you think you can make the things pay off. Even nonpartisans would agree that George W. Bush waded into the Iraq mess with more certainty than strategy. And Bill and Hillary Clinton might actually have achieved health-care reform if they had tried negotiating with...
...down with him to discuss business, politics, and 3D porn. 1. Fifteen Minutes: How did this study come about? BGE: I’ve always been interested in funding models for online media. The question is: Who will pay for online media? Who will pay for a premium Wall Street Journal online subscription? Who will pay for a TimesSelect? So far it seems hardly anyone will pay for those services, and we see newspapers really getting squeezed. Separately, adult Web sites manage to sell subscriptions –– even though, by some standards, The Wall Street Journal...