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, [...]

US governments helps CitiGroup - who will be next?

Yesterday US government officials announced that the state will help another US banking group - Citi Group. Firstly, the government will directly invest $20 billion in the company (CitiGroup will issue preferred stocks). Secondly, US state will secure over $300 billion in securities and loans. This is another “try” to calm the markets and fight [...]