Wall Street: Stocks stand still; gold falls again
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Gold: Trading now at $1,625 an ounce, down 0.9% from Friday. Dow Jones industrial average: Trading now at 10783.74, up 0.1% from Friday.
Waiting for Europe. Stocks are wavering this morning as investors wait for European leaders to signal how much help they are prepared to offer the economy.
Buffett’s buyback. With Berkshire Hathaway shares falling, Warren Buffett’s company announced Monday morning that it will make a big purchase of its own shares.
Dimon’s latest harangue. A Bank of Canada officer is the latest regulator to get an earful from JPMorgan Chase & Co. CEO Jamie Dimon for his temerity in suggesting stronger regulation of banks.
SEC vs. S&P. The Securities and Exchange Commission may be considering taking legal action against Standard & Poor’s for its ratings of mortgage-backed securities before the crisis.
Good riddance. On the first day of trading after UBS’ CEO resigned -- in the wake of a rogue trading scandal -- the markets expressed their approval of the move.
-- Nathaniel Popper