| 241. |
Wall Street falls as tech outweighs banks
Stocks fell on Thursday as analyst downgrades in the telecom sector and a move out of technology stocks outweighed hopes that bank stress tests results would show most banks are healthier than thought.
07 May 2009 |
| 242. |
Obama budget keeps $250 billion placeholder for banks
The detailed version of President Barack Obama's budget unveiled on Thursday maintains a $250 billion "placeholder" for additional financial rescue efforts should that money be needed, an administration official told Reuters.
07 May 2009 |
| 243. |
ECB trims rates, edges to QE with bank bonds buy
The European Central Bank cut its main interest rate to a new record low on Thursday, and will buy up bonds for the first time in a bid to stem the euro zone's economic decline and shore up shaky markets.
07 May 2009 |
| 244. |
U.S. banks rally ahead of stress test results
Citigroup Inc and Bank of America Corp shares rallied in premarket trading ahead of the release of "stress test" results that will force them and other top banks to raise tens of billions of dollars in capital.
07 May 2009 |
| 245. |
Europe bank bad debts cast shadow over buoyant mood
A trio of top European banks showed bad debts are ratcheting up as economies worsen and unemployment rises, although investor optimism ahead of U.S. bank stress test results drove shares to year highs.
07 May 2009 |
| 246. |
Asia shares extend rally as bank fears ease
Asian shares extended their rally Thursday as encouraging signs about the health of U.S. banks and the global economy bolstered riskier assets such as oil and hurt safe-havens such as the yen.
07 May 2009 |
| 247. |
Data, bank optimism lift Wall St; Cisco up late
U.S. stocks rose on Wednesday after a private-sector reading on the labor market signaled unemployment may be receding and leaked bank stress test results suggested most banks are healthier than previously thought.
07 May 2009 |
| 249. |
Bank stress test relief, energy lift Wall St
U.S. stocks rose on Wednesday after a private sector reading on the labor market signaled unemployment may be receding and leaked bank stress test results suggested most banks are healthier than thought.
07 May 2009 |
| 250. |
Banks leap on stress test relief, energy up
The Dow and S&P 500 rose on Wednesday, led by bank shares, after media reports suggesting some major banks, including JP Morgan Chase & Co <JPM.N>, won't have to raise capital under government stress tests.
07 May 2009 |
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