Word: indexable
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
CAPTION: Inflation Annual percent change in Consumer Price Index...
...heard, especially Greenspan's implicit suggestion that no more rate cuts are in the offing. The stock market plunged 47 points Wednesday -- and finished the week down 9 points -- in reaction to more bad news: the economy barely grew during the fourth quarter, inching up only 0.3%, while the index of leading economic indicators dipped 0.3% in December. Despite evidence of a "triple dip" recession, an optimistic Greenspan testified that he detects some "very subtle" signs of economic recovery...
...stock market put on a spectacular show of defiance in 1991. Wall Street's bulls ignored the crushing weight of debt on the economy and the signs of a protracted recession. Every major stock-market index pushed into record-high territory. The Dow Jones average leaped 535 points to an all-time peak of 3168.83, a gain of more than 20% -- and for good measure, rose nearly 33 points during the first two days of 1992. The S&P 500 gained even more than the Dow during 1991, rising 26%, and NASDAQ, the most popular measure for small stocks, surged...
...economy is in such dismal shape, how come Wall Street feels so good? After five consecutive daily increases, the Dow Jones industrial average closed at a record 3101.52 last week. The bull run has pushed the Dow index up 167 points, or nearly 6%, since Dec. 20. That was the day the Federal Reserve Board lowered the discount rate -- which is what the Fed charges banks for borrowing money -- a full percentage point, to a 27-year...
...result, the senior Maxwell was able to pile debt upon debt with no one, apparently, the wiser. His purchase of a British investment fund, First Tokyo Index Trust, illustrates how Maxwell used financial sleight of hand and guile to finance deals. Through Headington Investments, a finance company under his control, Maxwell borrowed $100 million from Swiss Bank Corp. last summer to buy the entire First Tokyo portfolio. Maxwell was supposed to turn over the portfolio to Swiss Bank in October as collateral for the loan. But Maxwell did not repay the loan, nor did he deliver the securities as promised...