AIG loses $5.3 billion for quarter, writing down $11.1 billion because of the subprime meltdown. Dell blames the economy as its profit drops. One expert pegs $600 billion as the total price tag for global write-downs.
All that cheering on Wall Street is for a plan to use rubber cement and duct tape to patch some big holes in the financial system. Skepticism is in order.
On the campaign trail, the Democratic candidate strikes a populist tone that worries many business leaders. But Wall Street is comfortable with her.
One month into the latest round of our Strategy Lab stock-picking game, it’s all about the value.