Jobless claims remain at 43-year low

WASHINGTON (AP) — The number of Americans seeking unemployment benefits stayed at a 43-year low last week in the latest sign that layoffs are scarce. THE NUMBERS: Weekly applications for unemployment benefits were unchanged at a seasonally adjusted 246,000, the Labor Department said Thursday. The four-week average, a less volatile measure, fell 3,500 to 249,250. […]


Full Story »

Why stock prices will get even more expensive

Many Wall Street analysts point to the expensive market—especially amid uncertain times—as a key reason for downside ahead. After all, the SP 500 (^GSPC) price-earnings multiple is up 55% over the past five years, increasing from 10.5x to 16.2x currently. It’s not surprising that many investors would question the sustainability of this rise. But RBC’s […]


Full Story »

Why stock prices will get even more expensive

Many Wall Street analysts point to the expensive market—especially amid uncertain times—as a key reason for downside ahead. After all, the SP 500 (^GSPC) price-earnings multiple is up 55% over the past five years, increasing from 10.5x to 16.2x currently. It’s not surprising that many investors would question the sustainability of this rise. But RBC’s […]


Full Story »

Republican tax plan adds $191 billion to the debt – or is it $2.4 trillion?

House GOP leaders wasted little time capitalizing on a new study by the conservative-leaning Tax Foundation concluding that – under the best of circumstances – the trillions of dollars in tax cuts sought by Republicans would hardly put a dent in the long-term debt. “The Tax Foundation’s analysis proves that our blueprint will deliver a […]


Full Story »

Big US companies are about to repeat a financial crisis-era losing streak

Analysts expect SP 500 companies to report that earnings fell year-over-year in Q2, repeating a trend we haven’t seen since the financial crisis. Earnings season unofficially kicks off with Alcoa (AA), which is set to report its second quarter earnings on July 11. Early indications suggest there won’t be much to celebrate this time around. According to a […]


Full Story »

Goldman launches lending platform for Main St.

Investment banking giant Goldman Sachs (GS) is now giving loans to Main Street. On Thursday, Goldman announced the official launch of its new online consumer lending arm called “Marcus.” Named after one of the bank’s original business partners Marcus Goldman—who started the firm 147 years ago with Samuel Sachs—the new retail platform allows credit-worthy borrowers […]


Full Story »

Billionaires had a rough year in 2015

ZURICH (Reuters) – Billionaires on average became poorer last year as their collective fortunes shrank, even as Asia continued to crank out a new billionaire nearly every three days, a study released on Thursday found. Transfers of assets within families, falling commodity prices and a stronger dollar helped reduce total billionaire wealth by $300 billion […]


Full Story »

Billionaires had a rough year in 2015

ZURICH (Reuters) – Billionaires on average became poorer last year as their collective fortunes shrank, even as Asia continued to crank out a new billionaire nearly every three days, a study released on Thursday found. Transfers of assets within families, falling commodity prices and a stronger dollar helped reduce total billionaire wealth by $300 billion […]


Full Story »

Billionaires had a rough year in 2015

ZURICH (Reuters) – Billionaires on average became poorer last year as their collective fortunes shrank, even as Asia continued to crank out a new billionaire nearly every three days, a study released on Thursday found. Transfers of assets within families, falling commodity prices and a stronger dollar helped reduce total billionaire wealth by $300 billion […]


Full Story »

Billionaires had a rough year in 2015

ZURICH (Reuters) – Billionaires on average became poorer last year as their collective fortunes shrank, even as Asia continued to crank out a new billionaire nearly every three days, a study released on Thursday found. Transfers of assets within families, falling commodity prices and a stronger dollar helped reduce total billionaire wealth by $300 billion […]


Full Story »
Page 6 of 456« First...«456789»102030...Last »

Categories

Archives

Advertisement

Advertisement

Call Now: 877-239-1878