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The NYSE Euronext (NYX) announced that it closed U.S. markets today and tomorrow due to Hurricane Sandy, which is expected to cause flooding and damaging winds in New York City. The exchange released a statement indicating that it supports the consensus of the markets and the regulatory community that the dangerous conditions developing due to […]
PepsiCo. Inc. (NYSE: PEP), the world’s largest snack food company, flexed formidable political muscle when it arranged to receive $1.3 million in federal help to build a premium yogurt plant in upstate New York to compete with Chobani, Dannon and other yogurt manufacturers.
Today’s 25th anniversary of the stock market crash of October 19, 1987, should serve as a reminder about the importance of diversification and asset reallocation.
The second presidential debate that took place last night showed a feistier President Obama than in the first debate, with challenger Mitt Romney focusing his remarks squarely on policies aimed at growing jobs and the economy. Certain pundits have given the president good marks for holding out the promise for better days ahead and attacking his opponent as untrustworthy and out of touch with most Americans, but Gov. Romney might have made the best pitch at swaying undecided voters who ultimately may cast their ballots to aid their pocketbooks and job creation.
European Central Bank (ECB) President Mario Draghi gave further support to the markets Thursday when he said that he was prepared to move forward with his previously announced plan to buy the bonds of fiscally challenged euro-zone countries such as Spain that otherwise would need to pay increasingly high interest rates on the open market. The implications are huge for investors, since the run up in equity markets in recent months has been spurred by central banks cutting interest rates and pursuing other monetary-policy easing measures. Without the intervention of central banks, the markets are vulnerable to a fall due to economic slowdowns in countries around the world.
A much-anticipated decision by the Federal Open Market Committee (FOMC) to launch a third round of quantitative easing (QE3) today buoyed the markets but leaves unclear what other potential catalysts may exist to keep equities rising. The Fed’s announcement that it will buy additional mortgage-backed securities at a pace of $40 billion a month indefinitely should help […]