Dec 9, 2004
Another story from Wall Street today. Shares of Toll Brothers, a luxury home building company that operates in 21 states - jumped more than 12 percent. This, after the company reported quarterly earnings that nearly doubled - far surpassing most analysts' expectations. Not only that, the firm boosted its forecast for next year. That wouldn't seem to square with an expected slowdown in the housing market - especially with interest rates heading up. Marketplace's Bob Moon reports.
Dec 9, 2004
Betting the house on Wall Street? In the mortgage refinancing boom, many people have been taking equity out of their homes. And now, securities regulators are concerned brokers may be pushing their clients to invest that money... in the stock market. Marketplace's Amy Scott reports.
Nov 24, 2004
The dollar continued its downward trek today, sliding to yet another record low against the Euro. With just a month left to go, the Dow is up only half a percent so far this year. Those kinds of lousy returns have many professional investors looking for other ways to grow their money. Some are turning to commodities like gold and copper. Others are investing in markets in places like Europe, Latin America, and Asia. Author Charles Slack says that's the same kind of investing resourcefulness demonstrated a hundred years ago by Hetty Green. Born in the 1830s, she was this country's first female tycoon.
Nov 12, 2004
Host David Brown checks in with Dallas stockbroker and analyst David Johnson about the week on Wall Street... and what to look for next week.
Nov 11, 2004
As expected, the Fed raises interest rates this week. So, don't expect to be wowed by corporate profits in the fourth quarter of this year. Marketplace's money guru Chris Farrell joins host Kai Ryssdal to explain why.
Nov 8, 2004
Host David Brown talks to author Harold Evans about his book "They Made America" ... and great innovators in the history of American business.
Nov 4, 2004
There has been a lot of talk about people investing in hedge funds lately. But do they live up to their hype? Host Kai Ryssdal sizes them up with Marketplace's money expert Chris Farrell.
Nov 3, 2004
Senator John Kerry has called the White House and conceded the 2004 election. What are the markets making of the morning's election news? Host Tess Vigeland checks in with Tom Schraeder, a trader at Legg Mason for his assessment of how the day is shaping up.
Oct 29, 2004
Seventy-five years ago today - on October 29th, 1929 - the stock market crashed. On that day - "Black Tuesday" as it came to be known - the Dow Jones Industrial Average fell nearly 12 percent. And that was just the beginning. The Dow would eventually bottom out in July of 1932 at 41 points. That's right - 41. By then investors had lost billions and the country was in the throes of its worst financial crisis ever. Today, Marketplace's Matthew Algeo takes a special look back at Black Tuesday, a day that triggered monumental changes in America's financial markets - and in America itself.
Oct 13, 2004
Remember the initial public offering boom of the late 1990's? Big overnight profits for mom and pop investors? Some would like to forget it Instead, many have filed suit charging several banks and companies cheated them with rosy reports and other fancy fiscal footwork. Today a federal judge gave the green light to six lawsuits--so-called focus cases-- to provide the basis for hundreds of other suits in the wings. Securities Regulators are not twiddling their thumbs: today, the SEC proposed new rules to change the way IPOs are done. Rachael Dornhelm reports.