Jim Cramer went up against Comedy Central’s Jon Stewart last night, in an event billed as “Brawl Street: Get ready to buy low. And sell die!”
Watch this historic event:
Entries Tagged 'Economy' ↓
Jon Stewart vs. Jim Cramer
March 13th, 2009 — CNBC, Comedy Central, Economy, Market Crash, Pundits, Television
GE’s Credit Downgraded by Standard & Poors
March 13th, 2009 — Credit Crisis, Credit Crunch, Downgrade, Economy, Failure, General Electric, Immelt, S&P
General Electric had its credit rating downgraded by ratings agency Standard & Poor’s to AA+ from AAA, the Associated Press reported earlier this morning.
S&P’s reasoning on the downgrade is that GE’s finance arm, GE Capital, faces greater losses on real estate loans, and said that if GE Capital were a separate company, it would receive just an A rating.
This bad news comes on the heels of last week’s announcement that GE would be cutting its dividend by two thirds, a move that would save the company about $9 billion a year.
Bomb Explodes Outside Citibank Branch
March 9th, 2009 — Citibank, Economy, Explosion, Terrorism
A bomb exploded outside a Citibank branch in a northen suburb of Athens, Greece early Monday.
The branch sustained significant damage, but police did not report any injuries at the scene.
The bomb had been placed behind the bank, and also damaged two nearby cars.