Information extracted from: Daily Skimm, Bloomberg & The Wall Street Journal The markets have been reactive lately because of the volatile oil prices. Last night was the deadline for Iran and the international community to reach an agreement for the famous nuclear deal. The deadline was not met and it was extended through today. The […]
AT&T and Tech Giant Apple Apple makes headlines as the leader in technology will be replacing AT&T in the Dow Jones Industrial Average (DJIA), an index comprising 30 of the largest public companies in the US. The change will be effective with the opening of the NYSE on March 19. To be added to the […]
The world’s largest retailer, Wal-Mart Stores Inc., has drawn much attention to its often criticized wage rates last week as it seeks to improve the quality of its workforce. Although many workers in the energy industry were laid off due to low oil prices within the last couple of months, the overall U.S. labor market […]
Agreement reached between Germany and Greece Greece’s Aid Extension achieved: The weeklong tennis match between Germany and Greece seems to have finally found an end. On Friday, Feb. 20, the finance ministers of the 19 euro-area met in Brussels in an effort to find a mutual settlement about Greece’s bailout program that resulted in an […]
Market Overview A government report on Friday showed the U.S. added more jobs than forecast in January, capping the biggest three-month gain in 17 years, and workers’ earnings jumped. The S&P 500 rose 3 percent last week, the most in seven, as oil rebounded. The index fell on Friday, reversing intraday gains that put it […]
Market Overview: U.S. stocks fell after posting the best week this year, as energy producers tumbled with oil and economic data missed estimates. Brazilian assets dropped after a national election, while lenders led European equities lower after balance-sheet tests of the region’s banks. The S&P 500 surged 4.1 percent last week for its best performance […]
Key News: After Alibaba’s shares leaped 38 percent on their first day of trading on Friday A decrease in investor purchases prompted an unexpected decline in sales of U.S. existing homes in August, indicating the housing rebound is not yet self-sustaining. Financial markets in Britain and around Europe generally welcomed Scottish voters’ rejection of independence […]
Google to Potentially Exit Chinese Markets Google users in China gathered outside the Google Beijing office to place flowers and candles after the company stated it may leave the world’s biggest Internet market. In what Google calls a “highly sophisticated attack” on their corporate infrastructure, a cyber attack involving 20 other large companies, including Yahoo! […]
Chairman Bernanke Speech Sunday The Chairman of the Federal Reserve spoke Sunday and addressed specific claims that monetary policy leading up to September of 2008 contributed to the creation of asset bubbles by allowing the free-flow of easy money. He denounced the Taylor rule as a guideline for monetary policy rather than a precise measurement […]
