Posts Tagged ‘lifestyle’

SEC Charges Against Harrisburg ‘Good News’ for Muni Market: Matt Fabian

The Securities and Exchange Commission (SEC) has charged a municipality for allegedly making misleading financial statements outside of the usual securities filings. The SEC faulted Harrisburg, Pennsylvania , the state’s capital, for misleading statements in the city’s budget report and the mayor’s state-of-the-city address during the 2009-2011 period. At the time, Harrisburg was teetering on the brink of bankruptcy, and it remains in financial straits today, with a state-appointed receiver overseeing its finances.

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JP Morgan Shareholders Might Fire Jamie Dimon From One Of His Jobs

During the financial crisis, JP Morgan Chairman and CEO Jamie Dimon was the golden boy of Wall Street.

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$50M for Getting Fired? OXY’s Ray Irani Takes C-Level Excess to New Heights

Occidental Petroleum chairman Ray Irani lost his job Friday after 76% of shareholders opposed his reelection, the latest high-profile executive to be shown the doors.

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Dow 15,000: ‘Sometimes a Bullish Market Is Just a Bullish Market’

By Michael Santoli The Dow Jones Industrial Average jumped above 15,000 for the first time in its long history Friday morning on the strength of a thousand fears going unrealized. The employment report for April — showing a greater-than-forecast 165,000 new jobs and an unemployment rate slipping down to 7.5% — was just the latest bit of economic news that looked merely OK but was good enough to allay widespread anxiety that the U.S.

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April Jobs Stronger Than Expected but Recovery ‘Very, Very Slow,’ Says Prof. William Dickens

Employers added 165,000 to payrolls in April, pushing the unemployment rate down to 7.5% from 7.6% -- the lowest rate since December 2008. Economists had expected the rate would remain unchanged from March and payrolls would grow by 145,000

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Former British PM Tony Blair: ‘It’s About Power, That’s The Rationale for Europe Today’

As was widely expected, the European Central Bank cut interest rates for the first time in close to a year from 0.75% to 0.50%. The rate cut was driven by an economy in recession, with unemployment hitting a record high in April and inflation dropping the most in more than four years

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‘Homeownership Is Still the Cornerstone of the American Dream’: Rick Newman

Housing data out this week continues to support the case that a recovery is in the making. Home prices jumped 8.6% and 9.3% since February 2012, according to the latest reading of the S&P/Case-Shiller Home Price Index for its 10- and 20-city composites. Those are the biggest gains since 2006

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Pimco’s El-Erian: Fed Is Artificially Inflating Asset Prices in “Most Unloved Market Rally”

Many market strategists credit the Federal Reserve with the rally that has pushed the Dow and the S&P 500 to record highs.

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Fed-Assisted Growth Stuck at 2% “New Normal” Rates Through 2013

The Federal Reserve begins its two-day policy-making meeting today and not much news is expected, as has been the case ahead of many of the most recent meetings.

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CFTC Holds Twitter #HackCrash Hearing Tomorrow

It was one week ago this Tuesday that a hacked AP account tweeted, “Breaking: Two Explosions in the White House and Barack Obama is injured” to its 1.9 million followers. Moments later, the @AP twitter handle released a statement saying they had been hacked and that President Obama was fine, but the markets had already reacted. The Dow Jones Industrial Average plummeted 150 points and lost $136 billion in value before rebounding.

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