Business/Financial
Wall Street Out of Coma: Main Street Paralyzed?
Despite Monday morning's slight return of confidence in the financial markets Intrade's Prediction Markets indicate the damage has been done and the U.S. economy is heading towards recession.
Intrade's prediction markets for macroeconomic indicators are currently showing the U.S. is likely to enter a recession before the end of 2009. The only question is when? And could there actually be a depression?
First Country to Pull Out of the Euro in Next 12 Month
The economy around the world is so bad that the folks from Paddy Power have begun offering bets on the meltdown.
Prediction Market Gamblers Believe DOW Will Close Lower on Friday
With the Asian markets crashing early on, gamblers at www.intrade.com have been betting at a 60 percent clip or better that the DOW will close down by 2
Sheriff Thomas J. Dart Deserves a Medal: Obama Has Chance to Make Difference
Sheriff Thomas J.
Prediction Market Says Dow to Closer Higher Than on Tuesday
Can things get much worse on Wall Street? Let's hope not.
All Eyes on National City Bank Among Prediction Market Bettors
With Wachovia now sold to Citibank and then to Wells Fargo and maybe again to Citibank last week in the never ending drama centering around US banking turmoil, attention is now shifting to the next
Prediction Market Gamblers Lose on Wachovia Bet
In the end, over 75 percent of the betting action was going Wachovia's way to fail by December 31, 2008 at online prediction market intrade.com.
Wachovia Bank Under Watchful Eye of Prediction Markets
Wachovia Bank suitors are reportedly waiting for a US Government seizure so that they can buy up the best assets and let the government sort out the rest,
Washington Mutual Finally Fails: Prediction Markets Right
It took a while but the bank atop online prediction market intrade.com most likely to fail, Washington Mutual, finally did.
Prediction Market Traders Optimistic Following Bush Bailout Speech
The DOW closing higher Thursday than the previous day had a 62 percent chance of occurring overnight with minimal betting volume taking place at intrade.com
US Government to Approve Financial Bailout at 80 Percent Say Bookies
The online prediction market intrade.com listed the US Congress to approve a government bailout of banks on/before 30 Sep 2008 with an 80 percent chance
Paulsen Bailout Plan Highlighted: No Court Review
The Legislative Proposal for Treasury Authority to Purchase Mortgage-Related Assets has been disclosed. Pay special note to Sec. 8. Review below.
(a) Authority to Purchase.--The Secretary is authorized to purchase, and to make and fund commitments to purchase, on such terms and conditions as determined by the Secretary, mortgage-related assets from any financial institution having its headquarters in the United States.
Washington Mutual Still High on Radar of Bank Failure Prediction Markets
Washington Mutual Inc.
Goldman Sachs and Morgan Stanley to Become Holding Banks
WASHINGTON (Associated Press) - The Federal Reserve said Sunday it had granted a request by the country's last two major investment banks - Goldman Sachs and Morgan Stanley - to change their stat
Betting on Stocks Still Available…. Just Not From SEC
The Securities and Exchange Commission early Friday imposed a temporary emergency ban on short-selling of financial company stocks, a trading method that bets the stocks will go down.
Short Selling Banned in London: New York Next
Financial regulators in the U.S. and U.K., attorneys general in New York, Texas and Connecticut, and the three largest U.S.
Some Around Vegas Panic In Wake of Nevada Bank Closure, Market Meltdown
Southern Nevadans are panicking and considering extraordinary steps to avoid losing more money in the stock market, real estate and even bank savings accounts, one local banker told the
Washington Mutual Heading for Sale According to Reports
Ailing bank Washington Mutual Inc.
DOW to Close by 50 points or More on Previous Day Say Gamblers
65 percent of gamblers Wednesday morning believed that the DOW would close by 50 points or more from Tuesday's close according to the intrade.com predic
AIG Was Likely to Fail Wednesday: Bailed Out by US Government
If a financing solution is not reached, American International Group (A.I.G.) may file for bankruptcy as soon as Wednesday, a person briefed on the matter told the New York Times Monday night.
Possibly a Thousand More Banks Will Close Says Analyst
Wilbur Ross, chairman and CEO of WL Ross & Co., provided CNBC viewers with a most ominous prediction.
Is Washington Mutual Going to be the Next Bank to Fail?
With news that Lehman Brothers is facing immanent bankruptcy and Mer
Lehman Brothers Bankruptcy Would be Biggest in 18 years
The New York Times was reporting on Sunday that the bankruptcy of Wall Stree
50 Percent Chance US Will Go Into Recession By End of 2008
Isn't the US already in a recession? Not quite....but almost!
Americans are losing their jobs at a steady clip, Ben Steverman of Business Week reported this week. According to a Labor Dept. report released Sept. 5, the unemployment rate hit 6.1% in August, and U.S. payrolls dropped 84,000-with both numbers worse than economists were expecting.
Wachovia in Better Shape According to Prediction Markets
Despite receiving the most betting volume, the gambling majority does not believe that Wachovia will be closing before the year's end.
Southwest Airlines Lets the Industry Have it During 2008 NFL Opener
Southwest Airlines - the official sponsor of the NFL - let the airline industry have it Thursday night with an ad that reinforces the idea that Southwest, unlike most of its competitors, does not c
PartyGaming Indian Co-Founder Appears on Forbes 15 Asian Billionaire List
Anurag Dikshit, with net worth of $1.6 billion, spearheaded the development of technology that helped in the launch of the online poker boom.
Gambling911.com Test Article
Testing System Article - Please Excuse us as we Conduct a Systems Test While Site Remains Online.
First, he has hinted at choosing Florida Governor Charlie Crist as his running mate. Florida likes its Republican Governor, whose own Election Day ads referred to him as a “Ronald Reagan Republican”. Crist hasn’t suffered the backlash brought on by the unpopularity of the current Republican administration.
This is a contest test.
Stronger Dollar Could Rally Economy: Gambling Affiliates Worry
The US dollar this week hit a 6 month high against the euro and it might not be done just yet.
Starbucks Closes 16 Starbucks in Las Vegas
A sure sign the US economy is in trouble - Starbucks is closing 600 of 11,168 stores and 16 in Las Vegas alone (10 percent of all Starbucks in Sin City).
Starbucks' surge and contraction mirror the Las Vegas economy, said Keith Schwer, director of the Center for Business and Economic Research at the University of Nevada in Las Vegas. ``We've gone from having a better unemployment situation than the national economy to one that is slightly less.''
