Money Matters
Unaltered RBA Rates Prompts Decline In Australian Dollar
Tuesday, June 1st, 2010For the third day, Australian dollar had weakened after the country’s central bank left interest rates unaltered and China’s manufacturing expanded at slower rate on May,toning down demand for the South Pacific nation’s assets. New Zealand dollar had declined on speculation efforts to minimize budget deficits in Europe will not hasten the region’s growth and [...]
Nassim Taleb, Black Swan and Stock Collapse
Thursday, May 13th, 2010The stock market collapsed last Thursday and a few days after Scott Patterson and Tom Lauricella of the Wall Street Journal blames it on a Black Swan event. What interests people is the fact that, a hedge fund being advised by Nassim Taleb is seen to have cause the collapse. Incidentally, Taleb is also the [...]
Wall Street’s Dow Jones Today Update: Stock Market Plunged Down Heavily
Friday, May 7th, 2010Stock market traders were shocked in Thursday’s stock market trading at New York Stock Exchange. Dow Jones Industrial Average, one of the US’ main stock index plunged down almost 1,000 points in a short span of 1 hour and 40 minutes. Initially, there was no apparent reason for the huge stock market decline of the [...]
California Mega Millions Winner Was Revealed
Friday, May 7th, 2010With millions of employees laid off nowadays as the effect of the recession, many Americans have tried their luck in lottery games. One of the famous lottery games in the US is Mega Millions which gives the highest jackpots to its winners. After waiting for several days, California’s famous lottery Mega Millions has just been [...]