Business
Let’s Do The Twist (Financial Week in Review, 9/19-9/23)
As of Monday, stocks and commodities have begun to recover from last week’s brutal fall. When trading closed yesterday, the major U.S. indexes had regained about one third of last week’s losses. Gold, silver, and copper, all of which had been riding out a four day losing streak, also began a slow but steady recovery.…
Read MoreA Winning Week on Wall Street and Worldwide
Yes, stocks remained higher all week for the first time in nearly two months. Friday also brought this quarter’s “Quadruple Witching,” when contracts expire for stock index futures, stock index options, stock options and single stock futures on a single day. The biggest winner was the Nasdaq, which gained 6.3% percent for the week. The…
Read MoreFinancial Week in Review, September 5-9, 2011
Another week of worldwide volatility ends with the Dow dropping more than 300 points on Friday, with all major U.S. Indexes closing in the red. In fact, nearly every stock index closed lower than it did last week. Bank of America has proposed cutting approximately 40,000 jobs nationwide as part of a corporate restructuring plan…
Read MoreThe Week That Never Happened
As many Americans were looking forward to starting the long Labor Day weekend in the United States, markets worldwide began sliding again on Friday. HAPPY LABOR DAY Ironically timed with Labor Day, the U.S. Department of Labor reported zero job growth for the first time in over 66 years. The last time the numbers came…
Read MoreMarkets Weather The Storm, Show Recovery
The major U.S. Indexes all posted significant gains from the previous week’s close. Some Asian markets also advanced, but the Shanghai Composite and Hang Seng both closed with losses. European indexes still faltered, but were up from the previous week. The end of the week saw the stocks of certain luxury purveyors like Tiffany and…
Read MoreMarket Deja Vu (Financial Week in Review, Aug. 15-19, 2011)
Break out the chocolate bars; it’s been another rough week for the markets. The major indexes on the NYSE all closed lower on Friday, and slipped further in after-hours trading. They were not alone. Markets all around the globe fell this week. It’s almost as though the week before last is repeating itself. Trading started…
Read MoreIt was the Best of Times, It was the Worst of Times… (Financial Week in Review, August 8-12, 2011 + Update)
August 15th marks the 40th anniversary of the end of the gold standard in United States currency. On August 15, 1971, President Richard Nixon announced that the U.S. would no longer trade dollars for gold. Forty years later, the gold price is $1765.30, after hitting a record high of $1,817.60 on August 11. DOLLAR DIPS…
Read MoreWhat Goes Up Must Come Down (Financial Week in Review, Aug. 1-5, 2011)
The closing bell brought an end to a dramatic week in the markets. Thursday was the worst day for stocks since the beginning of the financial crisis. The Dow Jones Industrial Average took a 512-point nosedive, and concerns about the European debt crisis triggered a large-scale sell-off. This news came as a surprise to many…
Read MoreWhite Paper: SaaS & SOA in Retail Banking
Global challenges force financial organizations to seek a new technology foundation for business. The combination of Service-Oriented Architecture (SOA) and Software-as-a-Service (SaaS) provides ultimate expandability cost effectively and unlimbers organizations for SaaS rapid change. ETNA has introduced an effective way for retail banks to design and redesign business processes using SaaS & SOA in a…
Read MoreWhite Paper: Silverlight Out of Browser
This whitepaper describes programming and design aspects for installation and customization of Silverlight functioning out of browser. With the advent of the latest Silverlight business application-focused enhancements, large-scale interfaces and associated tooling provided by Visual Studio and Expression Studio, a developer is in a position to build this type of application rapidly and enjoy benefits…
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