Occupy Wall Street made the world aware of Wall Street’s nearly-obscene inequities. But, unfortunately, that has been about it. How much has really changed because of the 12-month-old movement?
On Monday, the Treasury Department sold 553,846,153 shares in AIG on Monday, turning an $18 billion profit on the $32.50 a share price.
Pier 1 Imports has forecast its fiscal second-quarter adjusted earnings and revenue at levels above Wall Street’s expectations.
One closely watched stock, Facebook, fell again Tuesday to just over half its initial public offer price. After rising on Monday, the social network’s stock dipped 85 cents, closing at $19.16.
On Monday, Apple’s surging stock propelled the company’s value to $624 billion, the world’s highest, ever.
The hype surrounding Facebook continued on the second day of trading. After closing only $0.23 above the IPO price on its debut, the stock dropped 11 percent on day two, down $4.20 cents.
Facebook’s highly-anticipated IPO turned out to be a little disappointing for investors. Financial expert Jim Lacamp looks at what to expect next from the company.
Gov. Rick Perry is not going down without a fight.
Seeking a late surge, Texas Gov. Rick Perry sought Monday to tar GOP presidential rivals Newt Gingrich and Mitt Romney for supporting the $700 billion Wall Street bailout and said the billions loaned to banks and other financial institutions at the height of the 2008 financial crisis amounted to “the single biggest act of theft in American history.”
Dallas Police have charged Richard Wayne Armstrong, 24, with sexually assaulting a 14-year-old girl who ran away from her Garland home at the Occupy Dallas campsite.
Banks would be barred from trading for their own profit instead of their clients under a rule federal regulators proposed Tuesday. The Federal Deposit Insurance Corp. backed the draft rule on a 3-0 vote.
From Wall Street to the streets of Dallas, heads dropped and spirits sank as the stock market plunged more than 500 points Thursday, the worst since Dec. 2008.