Sep 17 Fed announcement drives new record close for Dow Jones By Justin Scuiletti The Dow Jones industrial average closed at a record high today after a Federal Reserve announcement affirming the continuation of a near zero short-term interest rate for a "considerable time."… Continue reading
Aug 28 The real financial monster: low interest rates By Terry Burnham At an economic conference in Jackson Hole, Wyoming, last week, Federal Reserve Chair Janet Yellen said the central bank is awaiting more recovery in the labor market before deciding when to raise interest rates. That was bad news for economist… Continue reading
Jul 14 The Dow may be above 17,000, but not for long By Terry Burnham A year after economist Terry Burnham predicted the Dow Jones Industrial Average would hit 5,000 before 20,000, it closed above 17,000 Monday. But Burnham is sticking by his call, introducing a scorecard to track the macroeconomic policies underlying the impending… Continue reading
May 22 The surprising bull: Thomas Piketty on Wall Street By Paul Solman You've heard French economist Thomas Piketty talk about inequality and a global wealth tax to tap into the high rate of return on capital. The stock market is the source of much of that high-end wealth, and Piketty doesn't see… Continue reading
May 21 Why one economist isn’t running with the bulls: Dow 5,000 remains closer than you think By Terry Burnham The impending end of the government's unprecedented monetary and fiscal policies will be a revelatory moment for the U.S. economy. Will the market continue booming without those interventions? Terry Burnham isn't buying that it will. Continue reading
May 05 Target stock tumbles after CEO resigns By Sam Lane Target's stock fell about 3 percent Monday after news its president and CEO Gregg Steinhafel had stepped down. Continue reading
Feb 20 Is WhatsApp really worth the $19 billion price tag? By Colleen Shalby On Wednesday, Facebook acquired messaging app WhatsApp for $19 billion in cash and stock, a number that left many scratching their heads, including “The End of Big” author Nicco Mele. “The valuation is crazy to me,” Mele said in… Continue reading
Dec 31 Watch Wall Street completes year-long rally with record-breaking gains in 2013 Wall Street completes year-long rally with record-breaking gains in 2013… Continue watching
Dec 18 Watch Federal Reserve announces pull back on stimulus as Bernanke nears end of tenure Federal Reserve announces pull back on stimulus as Bernanke nears end of tenure… Continue watching
Dec 11 Watch Nobel economist Robert Shiller on how the stock market reflects psychology Economist Robert Shiller wins Nobel Prize for his skeptical perspective… Continue watching