Obama becomes president - Dow Jones goes down

Yesterday Barack Obama became the 44. US President. However, his speech during the ceremony disapointed many observers - and the financial market seems to be a little disapointed as well. Obama represents hopes of many Americans, but for the market hope is not enough at the moment. Obama did not try to convince his fellow citizens, [...]

Ex-Nasdaq chief accused of running a Ponzi scheme losing $50 billion

The time of the financial crisis is a good time for all bad investments to collapse. When everything goes well and everybody believes you, you can create a virtual business empire and nobody will ask you to prove it’s real. But now, everyone starts asking. That’s why we have so many companies going bankrupt. And [...]