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/ 4 June 2008

Wall Street puts its money behind Obama

Wall Street is putting its money behind Democrat Barack Obama for president, despite worries that his administration would raise taxes and take a tougher line on trade and regulation. The signs Wall Street reads point to Democrats prevailing in the November presidential and general election as voters punish the incumbent Republican party.

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/ 5 November 2007

Wall Street cringes as Citigroup revives fears

Fear and mistrust gripped Wall Street on Monday after Citigroup’s CEO quit in the wake of mounting credit losses and an influential money manager called the subprime mortgage market a ”-trillion problem”. US stocks followed European shares lower, while safe-haven bonds rallied and even the downtrodden dollar ticked up.