May 24, 2012 |
New home sales are up. The unemployment rate is falling. Companies are buying one another, signaling confidence in the economy. But investors are turning their back on positive economic signs, looking nervously at Europe's seemingly never-ending debt troubles and Facebook's flat IPO, wondering whether the global economy is beginning yet another deep dive. "Although better economic data did not go unnoticed, investors look forward and not backward," said David Dietze, president and chief investment strategist at Point View Wealth Management in Summit, N.J. "All eyes are looking across the pond and seeing a bit of a meltdown in terms of the European sovereign debt crisis.
December 13, 2012 |
NEW YORK - Low interest rates pushed down by the Federal Reserve have opened a spigot of easy money to companies with less than sterling credit. The Fed, which signaled Wednesday that it would aggressively keep rates low until unemployment fell below 6.5%, has been pumping billions of dollars into the economy. And the historic rate drops are nudging investors into riskier investments. One place that has attracted investors is the debt of companies with non-investment-grade, or "junk," credit ratings.
HOME & GARDEN
April 28, 2011 |
Writer Jack Canfield, who co-created the Chicken Soup for the Soul series, will sell an oceanfront estate in West Maui, Hawaii, by auction May 12. The suggested opening bid is $7.5 million. Canfield, who makes his primary residence in Santa Barbara, is a key investor in the property, listed at $15.9 million. Called the Jewel of Kahana, the half-acre property has 250 feet of ocean frontage. The main house and two-story detached guest quarters include eight bedroom suites.
March 10, 2009 |
A group of Walt Disney Co. shareholders wants a say on the wages and benefits paid to the company's executives. The proposal would give Disney investors a nonbinding, advisory vote on the pay packages given to Chief Executive Bob Iger and other top executives. The measure reflects growing investor ire over generous executive compensation.
June 25, 2012 |
Losing your company $2 billion apparently causes investors to respect you less, according to a recent survey conducted by Barron's. After an investment group within JPMorgan was found to have lost $2 billion in trading, the bank's listing on Barron's annual survey dropped to 49th this year from 14th last year. After the loss, JPMorgan's chief executive apologized for the risky trading before a congressional committee. Apple again took the top spot, even after its leadership changed when Steve Jobs died last fall.
September 17, 2009 |
Dania Leon's portfolio has surged 55% during the stock market's booming rally over the six last months -- and she couldn't be more nervous. After suffering deep losses last year, the 41-year-old Pasadena resident is grateful to recoup some of her money. But she fears that stock prices have shot up far more than is warranted given the country's still-weak economy and nearly double-digit unemployment rate. "I'm scared, I'm scared, I'm scared," Leon said. "Why are we up, especially with unemployment as high as it is?
February 22, 2013 |
Investors have been plowing billions of dollars into stocks this year, but new data show the torrent of money has been slowing this month - particularly into U.S. equities. Starting in January, investors began pouring into stocks after President Obama and Congress defused much of the so-called fiscal cliff. The Federal Reserve, meanwhile, has nudged investors into riskier assets like stocks by lowering interest rates and making safer investments less attractive. In the week ending Jan. 16, investors shoved $9.2 billion into equity mutual funds, according to data from the Investment Company Institute.
April 11, 2012 |
The stock market rose for the first time in six days Wednesday, but the gains were muted and did little to dispel the notion that a deeper sell-off may be underway. The Dow Jones industrial average climbed 89.46 points, or 0.7%, to 12,805.39, a welcome reversal from its nearly 500-point decline over the last five trading sessions. The Standard & Poor's 500 index rose 0.7%, and the Nasdaq composite index was up 0.8%. An unexpected first-quarter profit from Alcoa Inc.late Tuesday and a slight drop in yields on Spanish and Italian government debt lured buyers.
February 15, 2012 |
Wall Street wrapped up its worst day of the year, with the Dow Jones industrial average posting its largest one-day point and percentage drop since Dec. 28. Here's how America's most-watched index is faring: The index fell 97.33 points, or 0.76%, to 12780.95 - its first drop in three trading days. Five of the Dow's 30 components finished higher. The index is down 9.77% from its record close of 14164.53 reached on Oct. 9, 2007; but it is up 95.22% from its 12-year closing low of 6547.
March 20, 2009 |
California plans to sell $4 billion in tax-free bonds next week to fund infrastructure projects, and the state is hoping for robust demand from individual investors. The offering is expected to be a big test of California's standing in financial markets amid a still-precarious budget situation. The last state bond sale was in June.