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Matters Financial |
19 January 2004
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Six Companies Join NASDAQ , Stay on NYSE
The New York Stock Exchange's pride was significantly bruised last week when six of the firms whose shares are traded on the NYSE opted for a listing on the NASDAQ as well. NYSE officials put a brave face on it, but the fact is the move calls into question not only the current trading system at the most prestigious exchange in America but also its future as the most prestigious.Click here to read more.
Import Prices Show Tiny Rise Despite Dollar Plunge
In one's first class on international finance, one receives an explanation of the effects of currency exchange-rate fluctuations on pricing. A strong currency means imports can rise, export become harder to sell abroad, and the economy usually enjoys a respite from inflationary pressures. A weak currency means imports fall, exporting is easy and inflation looms. December's import price data show why one needs to attend the second class. Click here to read more.
JP Morgan Chase to Buy Bank One
The concentration of wealth and power into a few hands is almost always a bad idea. On Wall Street, mergers and acquisitions usually result in bigger, less responsive entities or in bad marriages that have to be demerged a few years later. In the case of JP Morgan Chase's purchase of Bank One, there's actually a chance that it will be a good thing for the consumer. Click here for our view.