Investors gain 2.5 percent a year investing in “sin stocks”—tobacco, alcohol and gambling. Marcin Kacperczyk, professor of finance at NYU Stern, explains the “price of sin” and how it may help investors boost their portfolios. Read More
At after-work drinks yesterday, Wall Street's yawn at better than expected economic news yesterday was being held up as an example that the summer rally was clearly running out of steam. Read More