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Top 10 News Items for 8/24-8/28: Obama Names Bernanke Chairman for Another Term; S&P/CaseShiller Data Surprises to the Upside; AIG Rises More Than 50%

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    Last Updated: August 29th, 2009

    Here is a recap of the tops new items from this week on Wall Street:

    1. President Obama nominated Fed Chairman Ben Bernanke to another term at the position, confirming what had been a hotly-debated topic over the last few weeks. While not all traders necessarily like the work Bernanke has done through the financial crisis, most agree that electing a new Chairman, at this time, would be worse for Wall Street.

    2. Stocks jumped Tuesday on much better-than-expected home price data from S&P/CaseShiller: the reading for June came in at 141.86, or down 14.92% during the quarter, which compared to the

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