Ambition in America is still rewarded…with high taxes. As the cliché goes, there are only two certainties in this life: death and taxes. And in America the bigger you are, the more taxes you pay. On October 29th 2015, Pfizer announced its proposed acquisition of Allergan. This $179.1 billion dollar deal has raised the eyebrows […]
We just cannot avoid it. The Federal Reserve, also known as the FED, dominated once again last week’s headlines. On Wed. Nov. 2, Janet Yellen stepped to the speaker’s podium to deliver her testimony. The Federal Reserve Chairwoman reaffirmed that recent U.S. economic data still paints a picture of weakness. Especially considering the economic struggles […]
Our story today begins with China. Last Friday the Chinese Federal Reserve Bank announced plans to cut interest rates…again. This is the sixth time since November that China has done this. China has been riding the struggle bus lately as growth in the economy has faced a persistent slowdown. This stunt is seen as one […]
From U.S. stocks to Asia to the Eurozone, there has been a major shakeup in the markets. Weeks after Democratic presidential candidate Hillary Rodham Clinton spoke out about overpriced prescription drugs, the healthcare sector has still not recovered from its steep drop in stock prices. The healthcare sector, and most predominantly, the biotechnology sub-sector, have […]
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 […]
