BOSTON ( TheStreet) -- A coordinated effort by global central banks to strengthen dollar swap lines leads your quick fix of company, market, economic and investing news for Wednesday, Nov. 30.
Wednesday's 5 Biggest Stories
Don't get flustered by the terminology of "dollar swap lines" above. Here's a more simple explanation: Central banks around the globe have
acted in desperation to boost liquidity in the system, which has sparkd a rally in equities.
Oh, and by the way, the
U.S. economy added a lot of jobs in November, according to ADP.
China cut its reserve requirements for banks, the first time in nearly three years. China's growth is slowing and the Shanghai index is down 3% overnight, but don't tell that to stock futures.
Quote of the Day"It's easy to talk the talk, but you gotta walk the walk," Occupy Los Angeles protestor Opamago Cascini said of his willingness to be arrested as police raided the group's encampment early Wednesday.
Company NewsThe first bids for a minority stake in Yahoo! (YHOO) are in. And they sure look low.
MarketsAn explanation of why yields on U.K. gilts are tumbling.
Investment StrategyWhy financial stocks don't matter much to the market anymore.
Odds and EndsThe European Union takes a break from solving the debt crisis to propose a law that would break up the Big Four auditing firms.
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