News from the World's Most Trusted Financial Advisors for More Than 30 Years
Stocks soared today due to growth-oriented sectors rallying on expectations that the Fed will maintain its current level of bond purchases when it issues its policy statement tomorrow. more»
Ever since Fed Chairman Ben Bernanke hinted that the U.S. central bank could begin tapering its stimulating efforts, volatility returned to the stock market. There has been much discussion about when and how the Fed will deal with the sugar stimulus-addicted economy. The concern is if the Fed acts too quickly, much like a child on too much sugar, it more»
Emerging markets have been a bust so far in 2013.
While U.S. stocks have soared this year, the largest emerging market exchange-traded funds (ETFs) have fallen off a cliff over the past month or so. The iShares MSCI Emerging Markets Index Fund (EEM) is down 10.55% since the start of 2013. That compares with gains of more than 15.47% for the more»
Petroleos Mexicanos (Pemex Oil) is Mexico’s 75-year old state run energy monopoly. more»
Stocks trimmed their gains today as investors expressed concern on whether the Federal Reserve may signal that it will scale back its stimulus at the conclusion of its next policy meeting. more»
Ever since Fed Chairman Ben Bernanke hinted that the Fed could begin tapering its stimulating efforts, volatility returned to the stock market. more»
For weeks now, uncertainty about how long the Federal Reserve’s stimulus support would last has been the primary driver pushing Asian currencies lower. Now it looks like a whole host of pressures will be piling on in the months ahead. more»
Dish Network (DISH) Chairman Charlie Ergen is giving investors an intriguing drama to follow as he attempts to outmaneuver Tokyo-based SoftBank Corp. (9984) for control of money-losing, high-speed Internet network Clearwire Corp. (CLWR) and the latter company’s valuable airwaves. more»
Stocks fell today, following yesterday’s rally in the S&P 500, as the International Monetary Fund shredded its 2014 outlook for America and urged the central bank to manage its exit from stimulus plans. more»
Hog producer Smithfield Foods Inc (SFD.N), which recently accepted a $4.7- billion buyout offer from China’s Shuanghui International, posted a 63 percent drop in net profit as its exports to China and Russia fell due to concerns about a drug it uses to produce lean meat. more»
