Wall Street's Ten Big News This Week: Apple Corp Shares Hit A New High.

Beijing time on the morning of October 23rd, the US StreetInsider website today announced October 18th to October 22nd. Wall Street's ten big news this week The following is an excerpt of news content:

1. last week, some bond holders (including Pacific Investment Management Company, New York Federal Reserve and Black Rock Inc) jointly filed a lawsuit against bank of America, claiming that the national business unit of the bank failed to provide the so-called "acid mortgage" service properly, and this week, investors continued to pay close attention to the banking sector after the turmoil in the mortgage market. Bank of America shares fell more than 4% on Tuesday.

2. Apple Corp shares hit a record high on Monday. However, despite the announcement of the latest earnings report, Apple's share price continued to decline despite its announcement of higher than expected earnings figures, the highest decline of 6%. Despite the increase in the number of apple stock buyers since Tuesday, Apple's share price is mostly below $310 a share in the rest of the week.

3. the Chinese government official said this week that regulators will increase the 1 year lending and deposit rates, the first time the Chinese government has raised lending and deposit interest rates since December 2007. The Central Bank of China has announced that it will raise the 1 year RMB lending rate from 5.31% to 5.56%, raising the 1 year deposit rate from 2.25% to 2.5%. This is the most substantive step for the Chinese government to recover monetary stimulus since the global economic crisis.

4. this week, the US dollar showed signs of rising in the foreign exchange market, but it brought unprecedented pressure on commodity exports. At the closing of the market on Friday, the euro / US dollar exchange rate is at 1:1.3928, while the dollar / yen exchange rate is at 1:81.38.

5. in the latest earnings report released this week, Citibank, IBM, Coca-Cola, Goldman Sachs, J&J, Wells Fargo Bank, Boeing, AT&T, Caterpillar and McDonald's are the profitable companies.

6. this week, the stock exchanges in the United States showed strong growth in stock prices: Amason, Netflix, Riverbed and Baidu.

7., on Wednesday, the Federal Food and Drug Administration (FDA) asked for more tests on the treatment of diabetes drug Bydureon. On the same day, the US bio pharmaceutical company Amylin shares fell 46%, while Alkermes shares fell 28%. Another Bydureon pharmaceutical production co operation company Lilly (Eli Lilly) was also affected by the news, and the share price fell by nearly 4%.

8. on Tuesday, Microsoft Corp shares fell nearly 3% on Tuesday when the chief software designer Ray Ozi (Ray) was leaving.

9. in terms of enterprise consolidation, St. Jude medical company was originally announced to buy AGA pharmaceuticals limited at a price of US $1 billion 300 million. In addition, Northeast Utilities announced this week that it plans to buy Northern Star Co (NSTAR) at a price of 17 billion 500 million US dollars.

10. the Fed released its brown leather book report on Wednesday and declared that the US economy showed "moderate" growth from September to early October.