Online Trading and Investing Journal

A Chinese investment fund manager won the chance to have lunch with billionaire Warren Buffett by bidding $2.1 million in the most expensive charity auction ever held on eBay.
Zhao Danyang of the Hong Kong-based Pureheart China Growth Investment Fund won the auction, which ended on Friday evening with a bid of $2,110,100.
A spokeswoman for the […]

Wall Street has suffered a huge loss, with the Dow Jones Industrial Average plunges 358 points as investors contended with a barrage of bad news. A surge in oil prices past $140 a barrel and warnings of trouble in the key financial, automotive and high-tech industries created a gloomy mood across the market.
The day’s news […]

With inflation moving higher on its worry list, the Federal Reserve held interest rates steady on Wednesday, ending nearly a year of cuts to bolster the economy and hinted that the next direction for rates could be up.
Fed Chairman Ben Bernanke and all but one of his central bank colleagues agreed that the best course […]

U.S. consumers are the gloomiest they’ve been since the tail end of the last prolonged recession. Inflation, sinking home values and soaring gas prices have pushed confidence to the lowest level since 1992. Consumers’ view of the economic future has never been lower, raising worries that already weak consumer spending could deteriorate further.
The Conference Board’s […]

After the Federal Reserve’s meeting this week, the Fed policymakers are expected to voice a tough stance on inflation. Talk about poor timing.
Though Wall Street’s inflation concerns have not abated - crude oil remains above $134 a barrel - worries about the health of the U.S. financial system and broader economy have returned in force.
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