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With reassurances that the Fed will keep on easing, markets turn their attention to the European Central Bank Thursday, hoping for a rate cut.
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There's no keeping a good man down now matter how many times the bell rings--especially when it comes to Sylvester Stallone and his Rocky movie enterprise. The 6th film in the 30 year old franchise opens this weekend--titled "Rocky Balboa"--and it's getting good reviews. CNBC's Julia Boorstin says that means money for Stallone--and those involved in the picture.
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Junk bonds are known for being one of the riskiest investment vehicles available. It’s interesting to note then that $100 invested in 1987 in both the S&P 500 and the Bear Sterns Junk Bond Index would garner the same return – with less volatility. At the turn of the century, the S&P jumped during the dot-com boom, then crashed back to the same level as the junk bond market.
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MGM Mirage says a special committee of its independent directors adopted a neutral position on a recent unsolicited share tender offer from Tracinda, the investment vehicle controlled by Kirk Kerkorian.