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August 17, 2012
So facebook shares are plunging once again today. they hit a new low this morning of $19.02. that now has lost half of its original $38 value since its herolded ipo. there may be still losses ahead. still, other recent ipos have been bigger flops. groupon stock plunged 75%. zinga plunged 54% but those werent on the magnitude of the facebook scale and the worst may be yet to come for shareholders of the worlds largest social networking site. kind of tough for them, huh? that will wrap things up f...
July 14, 2012
Snapshot of ups and downs beginning with more money. fortune magazine says theres i record amount of money in circulation, $1.1 trillion, 75% of it in $100 bills. get this, $30 million in cash is circulating in denominations of $5, $1,000 and $10,000 bills. seen one of those recently? not so much. lots of shareholders of groupon stock is selling. it hit a record low this week, shares down about 60% since groupon went public last november. now to a top cat. this felines no run of the milhouse...
July 13, 2012
this morning the olympic committee responds. "newsroom" begins right now. good morning. happy friday 13th. im carol costello. we begin this hour with a very bad day for the nations biggest banks. jpmorgan chase and its ceo jamie dimon are opening their books and telling us just how much money the firm lost in a bunch of risky trades. the blunder stunned the financial world and fueled more debate on whether banking regulations are tough enough. alison kosik is at the new york stock ex...