Money & Company

Tracking the market and economic trends
that shape your finances.

« Previous Post | Money & Company Home | Next Post »

Wall Street Roundup: Gold-standard milestone. Buffett tax call.

August 15, 2011 |  8:01 am

Wall sign -- stan honda afp getty images Gold: Trading now at $1,737 per ounce, down 0.1% from Friday.

Dow Jones industrial average: Trading now at 11427.27, up 1.4% from Friday.

Rising again. Stocks are up for the third straight day as panic about a double-dip recession appears to have at least temporarily subsided. 

30%. That is the chance of another recession according to the latest poll of economists.

End of gold. Forty years ago Monday, Richard Nixon effectively decided to end the United States' most recent experiment with the gold standard -- there is lots of analysis Monday about the impact of that decision. 

Whose fault? Floyd Norris looks at how much of the recent market volatility can be blamed on short sellers and high-frequency traders.

Buffett's tax call. Warren Buffett may have a lot of angry friends today after calling for taxes to be raised on the rich.

--Nathaniel Popper

Credit: Getty Images/Stan Honda.

 

Comments 

Advertisement










Video