Stocks are a share of the ownership of a company. If the company does well, or even if everyone thinks the company is going to do well, the price of the stock goes up. In addition, many companies give a little dividend payment each year to the stockholders, which provides extra value.
Showing posts with label bank worries lift safe-haven dollar. Show all posts
Showing posts with label bank worries lift safe-haven dollar. Show all posts

Autos, bank worries lift safe-haven dollar

The dollar and yen rose on Monday as fears of bankruptcy for US automakers General Motors and Chrysler and persistent worries about banks world-wide boosted safe-haven flows into the two currencies. The euro continued to retreat from last weeks two-month high above $1.37, falling below $1.32 after Spain was forced to take over a regional savings bank, while Standard & Poors cut the credit ratings of Hungary and Ireland.

Wednesday, April 1, 2009

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