Watch the money, not the stock trading at E*Trade Financial (ET ). Shares of E*Trade, a provider of online brokerage and banking services, have languished around 12 this year, because investors have been disappointed at weak trading and stiff competition.
Fewer stock accounts opened in August
Chinese investors opened 704,900 stock trading accounts in August, the smallest number in 20 months. The news came as huge market losses dampened investor enthusiasm. Fewer people were willing to enter the market. The Shanghai Composite Index had fallen 65 percent from its record high of 6,124.04 on Oct. 16. The index rose for the first time in three days on Tuesday, edging up 0.11 percent to
NYSE and Nasdaq shares have been hit hard as the current grim environment puts the brakes on trading. Are the worries overblown?
Microsoft offers to buy Yahoo for $44.6 billion
Microsoft Corp has made an unsolicited offer to buy Yahoo Inc for $44.6 billion in cash and stock, seeking to join forces against Google Inc in what would be the biggest Internet deal since the Time Warner-AOL merger.
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