Bloomberg’s Emily Chang reports that Mark Zuckerberg’s shares of Facebook Inc. may be worth less than $21 billion when the company completes its initial public offering in the months ahead
In May, 2012 the euro fluctuated against the dollar after touching the weakest level since July 2010 on speculation European leaders may seek measures to
On Tuesday May 15th, stocks posted a major loss following news that Greek depositors withdrew 700 million euros from the nation’s banking system and after Greece’s leaders failed to agree on a coalition government.The S&P 500 closed at 3-month lows, while the Dow
World leaders sit together at the first working session of the G8 Summit in Camp David. Photograph: Michael Gotthsalk/Pool/EPA
At the G8 Summit, President Barack Obama urged the European leaders to call for concerted action on the euro crisis in the form of easing up on fiscal austerity and to focus on economic growth. This effort by the US President is done in a bid to step the current turmoil in the eurozone and hedge the risk of global contagion.
At the wooded Camp David presidential retreat in Maryland’s Catoctin Mountains, Obama and leaders from other major economic powers are seeking ways to soothe financial markets after worries about Spain’s banking problems and the risk of a Greek exit from the euro zone sent world stocks to their lowest levels this year.
Dan Greenhaus, Chief Global Strategist, BTIG says the macro concerns weighing on investor sentiment are far more powerful than Facebook’s IPO.
Facebook IPO: The Social Offering
Can Facebook’s Debut Survive Such a Volatile Market?
The bet for Facebook investors willing to take a stab at the company whose initial public offering goes online Friday—is that the shares can rise even if the market falls, and perhaps even create its own momentum that lifts all of Wall Street higher.
Overnight trading indicated that stocks could open positive tomorrow, but futures are volatile and could change on any murmur out of Europe.
“The trading on Facebook is going to be isolated. It’s going to be
Clem Chambers, CEO, ADVFN is long gold as he believes it is a good hedge against inflation.
“I am long gold effectively,” ADVFN chief executive Clem Chambers tells CNBC in a May 13 interview. “No, it isn’t over $2,000 yet, but I think people that drove it to $1,600 are expecting
James Turk and Alasdair Macleod discuss the pros and cons of the gold standard, the benefits of competition between different currencies and the historical role of gold in international monetary systems. This video podcast was recorded on March 8 2012 following the Mises Europe gold standard conference in Brussels, Belgium.