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The 23-year-old fan who went to Yankee Stadium on July 9 hoping to see New York shortstop Derek Jeter get his 3,000th base hit — and winding up catching that ball and returning it — has some tough decisions to make. His much-reported sacrifice — giving up a sports collectible worth as much as $250,000 [...]
For 18 consecutive quarters, from Q2,’02 through Q3,’06, S&P 500 operating earnings increased at least 10% each quarter. Initially the gains were a rebound from the earnings declines of the 2000-2002 Bear market and recession, and later on they were reflective of an accelerating market and recovering economy. Then came the housing bust, liquidity, unemployment, [...]
A pall has settled over the U.S. housing market. The first-time home buyer’s credit has dried up, and home prices are down 29 percent from their 2006 peak. On Dec. 9 the latest release of the Federal Reserve’s Flow of Funds data shows the value of homeowner equity in the third quarter of this year [...]
The shifting sands of Euro-related news are making mincemeat of the enthusiastic wave of shorts that were established earlier this week – but is there enough fuel to keep the Euro up much longer? Basel III relief boosts Euro The EU has decided to skirt the stricter portions of the new Basel III capital requirements [...]
Commodity markets saw the first broad based bounce in weeks after the early May correction now seems to have run its course. Weak U.S. data helped remove some of the recent support for the dollar, with the Euro bouncing despite heightened tension over what will happen to Greece in the months ahead. European stock markets [...]
Solar stocks have plunged 20.6 percent in May alone sending the year-to-date performance into negative territory, driven by worse than expected first quarter earnings releases in the industry. We believe the sell-off provides an opportunity to pick up solar stocks. In our Yearly Outlook we put forth the idea that solar stocks would be a [...]
The euro slipped on Tuesday after European Central Bank Governor Jean-Claude Trichet said he shares the view that a strong dollar is in the interest of United States, a comment taken by some market players as showing frustration over the dollar’s relentless fall and also an attempt to talk up the currency. Trichet also told [...]
Purchases of new houses in the U.S. probably rose in March from a record low, economists said a report today will show. New-home sales, tabulated when contracts are signed, climbed 12 percent to a 280,000 annual pace last month, according to the median estimate in a Bloomberg News survey of 64 economists. Purchases slumped 17 [...]
Prime Minister David Cameron called the wedding of Prince William and Kate Middleton “unadulterated good news.” As Britain prepares for a second consecutive four- day weekend, business groups and economists beg to differ. The Federation of Small Businesses calculates the extra public holiday to mark the nuptials in London’s Westminster Abbey on April 29 may cost the economy as [...]
European Central Bank council member Erkki Liikanen said the single currency isn’t in crisis, even after a third country in the bloc sought a bailout and as Finland’s next government may limit the region’s rescue tools. “There is no crisis of the euro,” Liikanen told a public seminar at the Bank of Finland in Helsinki yesterday. “Look [...]