America’s public sector has not produced many pleasant financial surprises this year. This week, however, one emerged: John Liu, New York City Comptroller, announced that in the year to June 30, the City’s pension fund produced returns of more than 20 percent, raising total assets to $119 billion, according to the FT.
Today, Goldman Sachs downgraded Starbucks to neutral from buy. The firm observed "choppiness" in recent consumer metrics. There’s also been a drop in restaurant demand from a second-quarter consumer survey.
CNBC's Phil LeBeau reports from the Paris Air Show and discusses Airbus, which is expected to announce new orders this week, and Boeing's new aircraft.
Monday, 17 Jun 2013 | 6:40 PM ETYou say the name of a stock, and Mad Money's Jim Cramer tells you whether to buy or sell.
Monday, 17 Jun 2013 | 8:20 PM ETHans Timmer, Director of the Development Prospects Group at the World Bank says his main concern with China is the country's vast shadow banking system.