Investors have been all but ignoring a fairly miserable earnings season as hopes proliferate that it's only a blip on the profit radar.» Read More
Americans are drinking too few alcoholic drinks.
That’s the way we read the data presented by Stan Peele in today’s Wall Street Journal .
The national Survey on Drug Use and Health says that only 55 percent of 50-year-olds have had a drink in the past month. If they asked about how many drink daily, that number would be far lower.
The exchange-traded fund that aims to track the Egyptian stock market is on fire again today.
The one year old Market Vectors Egypt Index ETF is normally thinly traded—with less than 100,000 shares trading hands each day. Today it has seen volume near 700,000. It may exceed Friday’s record volume of 1.2 million shares.
The Fed will begin a tightening of monetary policy after its quantitative easing program ends in June, with a gradual increasing of interest rates by the end of 2011 and into the following year, according to Deutsche Bank’s Joe VaVorgna.
With the second leg of the Fed’s QE program to run out in June, after it purchases another $600 billion of Treasurys to expand its balance sheet to nearly $3 trillion, it will then be faced with a tough choice of how to proceed.
This winter is going to be brutal—perhaps the worst in a century.
This news comes to us from AccuWeather Chief Long Range Forecaster Joe Bastardi.
In retrospect, Tuesday’s big rally in the stock market wasn’t hard to figure out. The market did what it almost always does the first day of the month.
Traders didn’t let a little geopolitical tumult get in the way of behaving the same way they have in 12 of the past 14 first trading days of the month. They bought the S&P 500 and bought it big, sending the index to a close above 1,300 for the first time since June 2008.
As the situation on the ground in Egypt continues to destabilize—with riots breaking out in Tahrir Square earlier this afternoon Cairo time—there is much discussion of the critical role the military will play in Egypt in the days and weeks to come. Among policy analysts who seem to agree on little else, there appears to be a consensus on this: The military will play a key role in determining the future of the Egyptian nation.
In August of 2006, Jim Clark—the founder of Netscape and Silicon Graphics—met with Paulson & Co founder John Paulson. Clark was impressed by Paulson’s plans to short the subprime mortgage market. But when he spoke with his advisors at Goldman, they talked him out of investing with Paulson, who they described as a bit player.
Central bankers compare unfavorably to the devil, America needs a heart transplant, and financial advisors “have failed miserably” at reaching their most important goal, Pimco’s Bill Gross says in his latest commentary.
The managing director of the world’s largest bond fund manager spares scorn for no one in an evaluation of what has happened because of overwhelming debts in global nations.
We're a little less than two weeks away until the White House releases its 2012 budget and both sides are getting ready to battle.
The Republicans continue to vow to drastically cut spending and the deficit. Senator Ron Johnson, the junior Senator from Wisconsin, but he is quickly becoming a big name among hill Republicans.
Delivering the GOP's national weekly radio address last weekend, Johnson said the root of all economic evil facing our nation is “big government" and uncontrolled spending. Sitting on the Budget and Appropriations Committees, the former accountant and manufacturer hopes his "real world" experience will help re-shape Congress' spending habits.
Gene Estess abandoned the financial world to lead the Jericho Project.
A U.S. appeals court is set hear a case whose outcome could make it harder to prosecute insider trading and may jeopardize some guilty verdicts.
Two of Japan's largest banks have stepped back from Russia in recent weeks, bankers and executives told the Financial Times.