US stocks declined in early trade on Friday as fresh concerns over European debt crisis weighed on sentiment.
Stocks finished mixed, but bounced back from early lows on worries that Ireland’s debt crisis could spread to other peripheral euro zone nations, follow a request by the Irish government for a multi-billion euro funding bailout.
Jim Cramer said investors should purchase newly-privatized General Motors (NYSE:GM) shares because it's a good idea to buy from the federal government whenever it has a privatization up its sleeve.
GM will begin trading on the New York Stock Exchange beginning today after a landmark intial public offering, from which GM is expected to raise as high as $23.1 billion.
General Motors Co is inching closer towards returning to the U.S. market in one of the biggest IPOs in the U.S. history and could even become the world's largest.
Paulson & Co., the hedge fund managed by John Paulson, reduced its positions in key financial holdings Bank of America Corp. (NYSE: BAC), Wells Fargo & Co. (NYSE: WFC) and Citigroup Inc. (NYSE: C) in the third quarter
Equity capital market transactions totaled $23.3 billion last week, with 59 deals in the Asia Pacific region in the last week, a report by Dealogic said.
Rebalancing will also mean moving focus from the financial sector.
Asian Americans are increasingly shifting away from traditional professions in science, technology, engineering, and mathematics (STEM) and into the fields of law and business.
