
| URL : | http://www.businessinsider.com/clusterstock | |
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| Filed Under: | Business & Finance | |
| Posts on Regator: | 39374 | |
| Posts / Week: | 177 | |
| Archived Since: | February 11, 2009 | |
The S&P 500 ended the week at yet another all-time record high.
Some have tried to compare the current peak to the stock market tops we've seen in 2000 and 2007.
However, many -- like Reformed Broker Josh Brown -- are quick to remind everyone that the comparisons stop with nominal price. Show More Summary
TORONTO (Reuters) - Toronto Mayor Rob Ford, a target of criticism for his often unconventional conduct, on Friday denied media allegations that he had been caught on video smoking crack cocaine. "Absolutely not true," Ford told reporters...Show More Summary
WICHITA, Kansas (Reuters) - Sometime on Sunday morning, a Pennsylvania high school student will be presented with the keys to a black Honda Civic just for going to a party after the school's annual prom dance.
In Roanoke, Virginia, one...Show More Summary
The Powerball jackpot has hit $600 million, passing the point where people who don't typically play the lottery decide to jump in, shell out a few dollars, and try their luck on an infinitesimally small opportunity to join the 1% One of the most interesting ways to look at this is through the statistical concept of expected value. Show More Summary
Ben Bernanke gave a commencement speech to the graduates of Bard Collage at Simon's Rock.
"My emphasis today will be on prospects for the long run," he said. "In particular, I will be looking beyond the very real challenges of economic...Show More Summary
In the last three decades, the world economy has grown by a remarkably similar rate.
That time period, which coincidentally spans my professional career, has seen the global economy increase by approximately 3.4pc per annum in purchasing...Show More Summary
Fat corporate profit margins have been a key driver of the surging stock market. Indeed, this has been the foundation of recent earnings growth.
But is this sustainable?
"One of the most common bearish arguments that we hear from clients is that margins are mean-reverting," writes Dan Suzuki, equity strategist for Bank of America Merrill Lynch. Show More Summary
Over the past few weeks, attention in financial markets has once again turned to the prospect of the Federal Reserve tapering back its monetary stimulus, spurred on by public speeches from Fed presidents and articles from WSJ reporter...Show More Summary
Two Metro-North trains collided Friday evening in Connecticut, The New York Times reports.
An eastbound train traveling from New Haven to Manhattan derailed near Fairfield and hit a westbound train.
A Fairfield Police Department spokesperson told the Times that around 20 to 25 people had been injured. Show More Summary
In a letter to investors, SAC Capital said that it would no longer cooperate with the government unconditionally regarding an ongoing investigation into its trading activity, says the NYT. In short — Steve Cohen's firm is done playing...Show More Summary
Corporate profits have been on the rise for some years now, but wages are stagnant, at best. That's best illustrated by these two charts, showing the trends in corporate profits as a percentage of GDP, compared to wages. Caterpillar,...Show More Summary
The Wall Street Journal's Brad Reagan has a monster profile of hedge funder and former Enron natgas trader John Arnold about his plan to change the way billionaires donate their money.
Arnold's plan, Reagan writes, is to take on massive...Show More Summary
It was another huge day for the stock market. First the scoreboard: Dow: 15,346, +112.0 pts, +0.7%S&P 500: 1,666, +16.4 pts, +0.9%NASDAQ: 3,495, +30.0 pts, +0.8% And now the top stories: Stocks surged to another all-time high today. Some are worried things are getting too hot. Show More Summary
1st rule of Wall Street: You do not talk about what goes on here.
2nd rule of Wall Street: You DO NOT talk to ANYONE about what goes on here.
3rd rule of Wall Street: If someone stops out, get a margin call, or go broke - it is over.
4th...Show More Summary
A bit over a month ago we polled Business Insider's Wall Street readers to find out where bankers, traders, and the like really enjoy grabbing a meal.
After letting the survey marinate for a bit, a winner began to emerge — Del Frisco's Restaurant.
To be honest, we were a little shocked. Show More Summary
It's been a pretty slow afternoon, but that's not keeping stocks from making a move higher to close out the week. The S&P 500 is up 0.8%, trading around 1665, versus levels around 1659 at 2 PM ET. Meanwhile, in Germany, DAX futures are spiking late in the day. Show More Summary
Danielle Chiesi, the former beauty queen turned stock analyst who went to prison for giving insider tips to Raj Rajaratnam, is back in New York.
Bloomberg News reports that she's currently staying in a half-way house in the Bronx after completing 15-months at Federal Prison Camp in Alderson, West Virginia (a.k.a. Show More Summary
Rep. Mike Kelly (R-Pa.) went on a rant during outgoing Acting IRS Commissioner Steven Miller's testimony before the House Ways and Means Committee on Friday, earning himself a standing ovation at its conclusion.
After an intense line...Show More Summary
Silvio Berlusconi's legal woes continue, as a key witness in a sex-for-money trial against him told a court that dancers dressed as nuns and President Barack Obama at the former Italian premier's notorious "bunga bunga" party.
Karima...Show More Summary
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The Honorable John A. BoehnerSpeakerU.S. House of RepresentativesWasrungton, DC 20515Dear Mr. Speaker:WASHINGTON, D.C.May 17, 2013As provided by Public Law 113-3, the statutory debt limit was suspended by Congress throughMay 18, 2013. Show More Summary