How Missed Signs Contributed to a Mortgage Meltdown
There were ample warning signs that a financial time bomb in the form of subprime mortgages was ticking quietly for months.
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Zachary Karabell of Fred Alger & Co. says global fundamentals remain very strong and expects to find "a lot of opportunities" ahead
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s the St. Louis region strives to become a national bastion of the life sciences, local venture capital firms have risen to the challenge of meeting the sector’s demand for startup funding.
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It’s been only two years since angel investor Gil Bickel and his colleagues at St. Louis Arch Angels began taking startup entrepreneurs under their wing. But the nonprofit group’s members already have distributed more than $10 million in 10 deals to help new companies get up and running.
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In the face of sliding stock prices across the industry, real estate investment trusts are …
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SAN FRANCISCO (MarketWatch) — Hurricane Dean, packing maximum sustained winds near 145 mph, bore down on Jamaica Sunday, as forecasters warned of storm surge flooding and heavy rains. ”Preparations to protect life and property in Jamaica should have already been completed,” the National Hurricane Center said in a statement. As of 2 p.m. Eastern time, Hurricane Dean, a Category 4 storm, was located about 80 miles southeast of Jamaica’s capital, Kingston, moving west-northwest at 18 mph. The center of the storm is expected to pass very near the south coast of Jamaica in the next six to 12 hours, the NHC said. Elsewhere, U.S. Federal Emergency Management Agency officials advised people in south Texas to prepare for possible evacuations with Hurricane Dean heading into the Gulf of Mexico, the Associated Press reported. Dean is expected to strengthen into a Category 5 storm and hit the Mexican coastline near Cancun on Monday or Tuesday. However, FEMA chief David Paulison said it is possible that the storm could shift and hit the region around Brownsville, Texas, the AP reported.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Global investors will likely remain wary this week as uncertainty about the credit crisis persists, even after the U.S. Federal Reserve in a rare move last week slashed the rate it charges banks on loans and encouraged more borrowing.
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BOSTON (MarketWatch) — Now that U.S. commercial real estate stocks have followed the residential housing market into the gutter as mortgage woes spread, more investors are looking to put overseas properties in their portfolios.
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NEW YORK (MarketWatch) — Iraq and a possible troop withdrawal will likely top Congress’ agenda when it returns from recess on Sept. 3, and that’s been unnerving to investors who have profited on a wave of defense funding.
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European central banks are standing ready to take further steps to ease the credit squeeze following the US Federal Reserve’s unexpected move to stem the turmoil in money and credit markets
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