By Daniel Gross  After plummeting sharply in July, existing home sales rose 7.6 percent in August, the National Association of Realtors reported on Thursday. Sales were down 19 percent from a year ago, while prices were up 1.2 percent. Home sales data have been volatile in recent months due […]
Author: InvestAdvocate
Market Mood Swings Back to Elation: Will the Good Times Last?
 By Aaron Task in Investing After a three-day slide sliced 0.9% off the Dow’s recent rally, buyers rushed back into stocks Friday as Wall Street saw its fourth straight week of gains. Stronger-than-expected reports on U.S. durable goods and German business confidence were cited for spurring the advance, as were […]
Petrobras and GM Show the State We’re In
September 24, 2010 by LIAM DENNING Take two large, state-controlled companies, both of them in old industries. Each is, in some way, emblematic of their country. Both are tapping the public market.   Petroleo Brasileiro, also known as Petrobras, has just raised $67 billion in the world’s biggest equity […]
