Markets Await Bernanke's Jackson Hole Fed Meeting Remarks
For one weekend every year, the economic world turns its watchful eyes away from New York and Washington and to Jackson Hole, Wyo. This weekend, the Kansas City Federal Reserve will again host the…
Buffett’s Berkshire to Invest $5 Billion in Bank of America
Aug. 25 (Bloomberg) -- Warren Buffett’s Berkshire Hathaway Inc. agreed to invest $5 billion in Bank of America Corp., aiding a lender hobbled by costs tied to subprime mortgages. Buffett’s company…
Treasuries Advance as Report Shows U.S. Jobless Claims Rose
Aug. 25 (Bloomberg) -- Treasuries rose as a government report showed initial jobless claims unexpectedly increased last week, fueling concern the economic recovery is slowing and stoking demand for…
VIX Falls as Sentiment Turns on Wall St
TVIX, a measure of stock market volatility, fell 5% percent to 33. The VIX traded as high as 48 Aug. 8 after staying below 20 for much of the year. VIX is the ticker symbol for the Chicago Board…
Moody's cuts Japan rating, blames politics
(Reuters) - Moody's Investors Service cut its rating on Japan's government debt by one notch to Aa3 on Wednesday, blaming a build-up of debt since the 2009 global recession and revolving-door…
Investors trade in tight range ahead of Bernanke speech
(Reuters) - World stocksedged up and oil advanced on Wednesday as investors tried to position themselves ahead of a Federal Reserve Chairman Ben Bernanke's key speech. The gains follows weeks of…
Students Need ‘Bs’ to Keep Parents’ Cash Flowing, Fidelity Says - Bloomberg
Students Need ‘Bs’ to Keep Parents’ Cash Flowing, Fidelity Says By Alexis Leondis Two-thirds of U.S. parents said they’ll only pay for their children’s college education if they maintain minimum…
FRBSF Economic Letter: Boomer Retirement: Headwinds for U.S. Equity Markets? (2011-26, 8/22/2011)
Boomer Retirement: Headwinds for U.S. Equity Markets? By Zheng Liu and Mark M. Spiegel Historical data indicate a strong relationship between the age distribution of the U.S. population and stock…
Obama Talks to Buffett About Economy
President Barack Obama, preparing for a post-Labor Day speech with plans for stimulating the economy, talked with billionaire Warren Buffett about how to boost job creation and spur growth. “The…