U.S. Stocks Fluctuate With Treasuries on Fed Comments; Oil Drops
U.S. stocks fell as the Fed said valuations for smaller companies in social media and biotech appear “substantially stretched.”
Yellen’s Economy Echoes Arthur Burns More Than Greenspan
Federal Reserve Chair Janet Yellen faces an economy that is starting to look more like the 1970s than the 1990s.
Ritholtz: What’s the Penalty for Pundits Who Get It Wrong?
Barry Ritholtz wonders why there are no repercussions for economists, like Arthur Laffer, whose predictions miss the mark entirely.
Trends Point to Growth & Stability
Developed nations are showing renewed signs of stability in output growth and employment, according to recent data from the International Monetary Fund. Meanwhile, the emerging markets of the world have hit an important milestone: Their combined gross domestic product now represents more than 50% of global production, a recent IMF...
Payrolls in U.S. Rise Most Since 2012, Unemployment Falls to 6.3%
The jobless rate plunged to 6.3% as companies grew confident the U.S. economy was emerging from a first-quarter slowdown.
Rob Arnott Reveals: What’s Really Smart About Smart Beta
The reception area of Rob Arnott's Research Affiliates provides a clue to the thinking behind fundamental indexing.
Expect Volatility as 4 Big Economic Reports Collide: LPL’s Canally
This week brings four major market-moving reports, a rare confluence that John Canally says can mean 20% more market volatility.
Stress Test Shows 29 of 30 Banks Meet or Top Capital Target
The Federal Reserve’s annual stress tests found 29 of the 30 largest U.S. banks could withstand a deep recession and still pay dividends, fueling speculation about which firms will win approval next week to raise payouts.
Emerging Market Shakeout Putting Forex Reserves Into Focus
Foreign-exchange reserves are emerging as the latest battleground between traders and developing nations trying to stem the worst rout in their currencies since 2008.
Congressional Hearing Tackles Long-Term Care Funding Woes
“Our current system of providing long-term care is unsustainable for both the government and for families,” Sen. Ben Nelson warned.