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.
If you haven't heard by now,
Standard & Poor's
downgraded its ratings on a bunch of banks, like
Bank of America
, just like it said it would.
Plan 853 to Save Europe
: National central banks print money, they loan the money to the IMF, ???, problem solved.
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.
The first bids for a minority stake in
are in. And they sure look low.
No shocker here:
iPad is costing chipmakers billions.
Keep an eye on
today as Lipitor's patent protection ends.
has raised $600 million to fund up to 10 new hedge funds. No word yet on whether Hank Paulson will share material nonpublic information with them.
An explanation of why
yields on U.K. gilts
Businesses are already prepping for the
end of the euro
don't matter much to the market anymore.
Social media stocks are
right now. But what about
likes gold, the dollar and Myanmar.
Odds and Ends
The European Union takes a break from solving the debt crisis to propose a law that would
break up the Big Four auditing firms
Those three Connecticut money managers who won the
$254 million Powerball jackpot
may have been a front for a client who wanted to remain anonymous.
Your Wednesday morning music video comes from '80s mopesters
The Psychedelic Furs
-- Written by Robert Holmes in Boston
>To contact the writer of this article, click here:
>To follow Robert Holmes on Twitter, go to
>To submit a news tip, send an email to:
Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.