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Losses on junk-bond ETFs are outpacing the broader U.S. high-yield market by the most in three years, signaling a deepening slump for debt that traded at record-high prices less than a month ago. Click Here for More
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Fed Chairman Ben S. Bernanke indicated he has little appetite for a premature slowing of the central bank’s asset purchase program because of persistent weakness in the U.S. labor market and a general lack of confidence in the self-sustaining nature of the recovery. Click here to continue reading.
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In what has been a tough retail environment, Macy’s appears to be weathering the storm. The stock is up more than 14 percent year-to-date, outpacing the broad U.S. stock indexes and slightly better than the S&P 500 retail industry group. Kristin Bentz, executive director of PMG Venture Group, recently sat down to speak with Terry J. Lundgren, chairman, chief executive officer and president [...]
Foreign institutional investors bought $179 million of equities across India, Indonesia, South Korea, the Philippines, Taiwan, Thailand and Vietnam in the week to Wednesday, compared with net sales of about $440 million the week prior. Click here to continue reading.
Central banks in many developed economies have responded to the global financial crisis and subsequent economic downturn in similar fashion, enacting aggressive policies to address the initial liquidity crisis, followed later by unorthodox polices to spur growth and bring down unemployment. Click here to continue reading.
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The European Central Bank’s threat to cut off Cyprus’s access to the Emergency Lending Facility (ELA) on Monday will be the main focus of investors early next week. Cypriot lawmakers begin debate today on legislation to unlock bailout funds and prevent a financial collapse. The Cyprus bank holiday is scheduled to expire on Tuesday and a failure to reach terms [...]