Top Post-Market Nasdaq Movers (MIPS, Star Scientific, ACADIA, Alpha and Omega, Nanosphere, Orexigen, Fulton, Acme)
The top after-market Nasdaq gainers Friday were MIPS Technologies, Star Scientific Inc, ACADIA Pharmaceuticals Inc and Alpha and Omega Semiconductor Limited. The top after-market Nasdaq losers were Nanosphere Inc, Orexigen Therapeutics Inc, Fulton Financial Corporation and Acme Packet Inc.
The Bank of Korea (BoK) Thursday announced its decision to hold the policy rate at 3 percent, and the market participants feel that stimulus measures are urgently needed to reinvigorate the country's weakening economy. Given that both local and global conditions have been weak over the past few months and because South Korea 's headline consumer price inflation fell to 1.2 percent in August, which is the 12-year low and below the central bank's 2-4 percent target range, market players had been expecting a cut in the interest rate. Though the central bank has decided to hold the policy rate, it believes that the global growth will continue to disappoint
The Dow Jones Industrial Average (DJI: DJI) gained another 53.51 points, or 0.40 percent, on Friday to close at 13,593.37, the highest level in nearly five years. Recent aggressive efforts in the U.S
Ben Bernanke announces QE3. The much-awaited QE3 has boosted world markets as Fed Chairman Ben Bernanke announced that it will undertake open-ended purchase of mortgage-backed securities to the tune of $40bn per month.
The Federal Reserve's powerful rate-setting committee announced Thursday, as most market-watchers had expected, that it would engage in a third-round of unsterilized asset purchases to stimulate the U.S. economy. Following up on suggestions at a speech in Jackson Hole, Wyo., that it would go through with the monetary policy course -- colloquially known as QE3 -- the Fed announced it would expand the size of its long-term asset balance sheet by some $85 billion per month through the end of 2012, buying about $40 billion in mortgage-backed bonds
The Federal Reserve 's powerful rate-setting committee announced Thursday that it would engage in a third-round of unsterilized asset purchases to stimulate the U.S. economy, a monetary policy known colloquially as QE3 that the vast majority of market watchers expected would be undertaken by the Fed this week. In a statement at the conclusion of a two-day meeting, the committee said it would be expanding the size of its long-term asset balance sheet by close to $85 billion per month through the end of 2012, buying about $40 billion in mortgage-backed bonds.
Money’s Winners And Losers: NY Fed And AIG, Gawker Media, Eli Lilly, ZeekRewards, Best Buy, Fisker Automotive
Each week, we pick the biggest, most dramatic, or most interesting winners and losers in money and business. Here are our picks for Aug.
Director Danny Boyle last night fired a spectacular starting pistol for the Olympic Games. Roger Blitz, leisure industries correspondent, tells the FT's Seb Morton-Clark what it was like to be there and how the show was achieved.
The fall in US unemployment remains slow but with no clear deflationary threat the US Federal Reserve is in a quandary regarding the next steps in its monetary policy. John Authers, Long View columnist, asks Gavyn Davies, chairman of Fulcrum Asset Management, what Ben Bernanke, chairman of the Fed, is most likely to do next. For more video content from the Financial Times visit: http://www.ft.com/video http://www.FT.com/