New data on the population of millionaires suggest little connection between tax rates and a state's population of millionaires.» Read More
*Fed to buy long-dated Treasuries as part of ongoing purchase program. *Next week's 2-, 5- and 7- year Treasury supply weighs on those sectors.
Wider efforts to rebuild America's deeply depressed cities can't succeed until public safety is restored.
way to SAC Capital Advisors portfolio manager Michael. Steinberg is the first employee of Steven A. Cohen's SAC Capital Advisors to face trial in a decade-long government investigation of insider trading at the hedge fund.
Even struggling metros are having success in attracting investment. In the process, they are creating a virtuous cycle of creativity.
WASHINGTON, Nov 20- Federal Reserve officials felt they could decide to start scaling back the U.S. central bank's massive asset purchase program at one of its next few meetings, provided this was warranted by economic growth.
*ECB considering negative deposit rates- Bloomberg. NEW YORK, Nov 20- The euro tumbled across the board on Wednesday after a report that the European Central Bank is considering negative deposit rates to boost inflation closer to its target.
*Major powers, Iran start nuclear talks. NEW YORK, Nov 20- Brent oil rose by more than $1 a barrel on Wednesday after a U.S. official said it would be "very hard" to get a nuclear agreement with Iran this week. Optimism on the Iran negotiations in Geneva over its nuclear program had earlier kept prices in check.
*Major powers, Iran start nuclear talks. NEW YORK, Nov 20- Brent oil rose by more than $1 a barrel on Wednesday after U.S. oil inventories increased less than expected last week and in reaction to an increase in demand for distillates. Optimism about nuclear talks with Iran kept prices in check.
*Buybacks' tailwind may be slowing. NEW YORK, Nov 20- With just over a month remaining in a year that has seen the S&P 500 rocket to new records, one of the rally's drivers could have peaked: stock buybacks. In the last few years, major U.S. companies, including IBM, Apple and Exxon Mobil have dramatically boosted share repurchases.
These sunshine cities have focused their efforts on developing new industry niches to strengthen their local economies and promote future growth.
The ebbing economic tide from the Great Recession revealed some of the worst swindles in municipal finance in decades.
Nov 19- A former trader was sentenced to 2 1/ 2 years in prison on Tuesday for an unauthorized purchase of about $1 billion in Apple Inc stock that eventually led to the demise of financial services firm Rochdale Securities. As a result, the firm eventually collapsed, the SEC said.
*Fed Chairman Ben Bernanke addresses Economic Club in evening. NEW YORK, Nov 19- U.S.
NEW YORK, Nov 19- U.S. "A somewhat heavy global supply calendar of about $18 billion and slightly better ZEW surveys have Treasuries and bunds very slightly on the defensive entering the New York session," said John Briggs, U.S. rates strategist at RBS Securities in Stamford, Connecticut.
Detroit's bankruptcy, and rumblings about tax overhaul, have fueled a big sell off in the municipal bond market. What's next?
NEW YORK, Nov 18- U.S. oil futures fell on Monday, weighed down by expectations the Federal Reserve could taper its bond buying program. Crude prices fell quickly in early afternoon activity after William Dudley, the president of the Federal Reserve Bank of New York, said he was "getting more hopeful" on prospects for U.S. economic recovery.
NEW YORK, Nov 18- U.S. oil futures fell more than $1 per barrel on Monday on the view that supplies were ample, along with worries that demand could weaken after a U.S.
Visit any American city and it doesn't take a whole lot of imagination to see where its greatness came from—however faded it may seem to be.
Chattanooga has made a comeback over the last 5 years thanks to investing in high-speed broadband. In the process, it has wooed $4 billion in foreign investment.
Federal and state funding cutbacks are challenging Main Street. The future of America is at stake since cities contribute more than 90 percent to GDP.