Wikinvest Wire

Thursday morning links

Thursday, October 30, 2008

GDP falls 0.3% in third quarter on dive in spending - MarketWatch
World markets cheer Fed rate cut - AP
Bernanke makes it official. We are Japan. - MarketWatch
Greenspan Slept as Off-Balance-Sheet Toxic Debt Evaded Scrutiny - Bloomberg
A Question for A.I.G.: Where Did the Cash Go? - NY Times
Exxon Mobil posts biggest US quarterly profit ever - AP
Who's to blame for credit crisis? - Christian Science Monitor

Crude Oil Rises as Interest Rate Cuts May Spur Economic Rebound - Bloomberg
Gold rises to 1-week high on weaker dollar - Reuters
Asian Stocks, Currencies Gain on Rates, Resources; Korea Jumps - Bloomberg
Gold coins in short supply, command 50% premium - Commodity Online

U.S. Economy Contracts Most Since the 2001 Recession - Bloomberg
Jobless claims remain elevated due to weak economy - AP
Luxurious lifestyles take a hit - USA Today
Critics Say Roads Projects Won't Jump-Start Economy - Washington Post

Plan to refinance mortgages may save millions of homes - USA Today
Ex-Fannie Mae chief wishes he said "no" more often - Reuters
Maid-Turned-Realtor Ran Vegas Mortgage Scam, Prosecutors Say - Bloomberg
Rise in home prices forecast - Tulsa World

Concerned Fed Trims Key Rate by a Half Point - NY Times
Fed Makes Breathtaking Changes, Cuts Rates Too - Bloomberg
Cuomo warns nine banks about bonus payments - USA Today

Loonie soars as U.S. dollar falls - Canadian Press
Credit card borrowing reaches record levels as consumers turn to plastic - Telegraph
Japan, Germany to spend billions to ease recession - Reuters
Global financial crisis may hit hardest outside U.S. - USA Today
UK house prices fall 14.6% amid 34-year sales slump - Times Online

From Homeless to Multimillionaire - BusinessWeek
Goldman names 94 new partners - Telegraph
Wall Street's Jobless Return to B-School, Mixing Purple Hooters - Bloomberg

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