Douglas Beck

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Wall St. Week Ahead: Market to shift into lower gear as earnings, data fade | Reuters

NEW YORK (Reuters) - With earnings season winding down and the employment report out of the way, the U.S. stock market is likely to shift into a lower gear next week.<p>The earnings season so far has been largely positive with more than half of the companies that have reported beating estimates. But …

Financial Stocks Are On Their Way To Being The Biggest Sector In The S&P 500 Again

Here's yet another thing banks are taking over: the stock market.<p>Financial stocks are the second-biggest sector in the Standard & Poor's 500-stock index and are well on the way to overtaking technology as the biggest industry in the broad stock index, Bloomberg reports. Finance's share of the stock …

Wall Street’s revolving door

Mortgage finance executives from Bear Stearns are back on Wall Street<p>Before Lehman crashed, there was “The Bear.”<p>Bear Stearns, once the nation’s fifth-largest investment bank, had been a fixture on Wall Street since 1923 and had survived the crash of 1929 without laying off any employees.<p>But in …

Maine Senator Angus King wants to make banking boring again

July 31, 2013 | 3:45 AM<p>Embed Code<iframe src="https://www.marketplace.org/2013/07/31/economy/maine-senator-angus-king-wants-make-banking-boring-again/popout" frameborder="0" width="100%" height="240px"></iframe><p>Copy<br>• Close<p>Embed Code<iframe …

Great Depression

Google Now and Google Glass could become your hyperlocal news readers

Advertisement<p>3 Comments<p>Credit: Flickr / Thomas Hawk<p>Despite all the advances in location-based computing and smartphones, so far there has been very …

BMW is trying to race ahead of Mercedes and Audi but hitting roadblocks in China

<b>The numbers:</b> The world’s largest luxury car maker, BMW, reported €1.76 billion ($2.3 billion) in second-quarter earnings for its automotive sector before interest and tax, a a 13% drop. Total earnings before interest and taxes were €2.07 billion, down 8.8% from the same quarter a year ago. Shares …

Automotive Industry

Motorola's New Smartphone: Made in the U.S.A., but Not for Much Pay - The Atlantic

Today, Google-owned Motorola is officially announcing the new Moto X, an Android-powered device that, as its ads remind us, will be the first smartphone actually manufactured in the United States. Motorola is teaming with Flextronics to assemble the handsets at a former Nokia factory in Fort Worth, …

High Yield Bond Issuance Rebounds From Grim June Market

U.S. high yield bond activity rebounded in July, posting $21.1 billion in issuance, up from a dismal $12.8 billion in June, when the market was sent reeling by Fed comments regarding a possible tapering of the Government’s bond buying program.<p>Year-to-date high yield issuance totals $194 billion, …

'Abenomics' Serving Up The Same Old Medicine In Japan?

Ever since Japan's stock market bubble burst in the early 1990s, the country's economy has been stuck in a deflationary spiral. Wages and prices kept going down — and so did consumer spending.<p>After all, would you buy something today if you knew it was going to be cheaper tomorrow?<p>But when he came …

Nationwide warns on housing supply as prices jump in July

House prices rose 0.8pc last month pushing the annual growth rate to its highest in three years while supply remains "constrained".<p>Britain's biggest building society said July's monthly house price increase of 0.8pc was "robust" and "further evidence of an upturn in the housing market".<p>The figure …

Housing

ABC News – Breaking News, Latest News, Headlines & Videos

Interest Successfully Added We'll notify you here with news about <br>AlertTag Turn on desktop notifications for breaking stories about interest?<p>Off …

Royal Weddings

Detroit tells bankruptcy judge it will file plan by end of year

Detroit aims to file a restructuring plan by the end of 2013, earlier than a date previously proposed by the federal bankruptcy judge overseeing the case, an attorney for the city said during Friday's hearing.<p>Detroit's proposed filing date would be much sooner than the March 1, 2014 date proposed …

Bankruptcy

Hedge Funds Are Sitting On $1 Trillion Of Debt

The SEC issued the report — the first of its kind — to Congress last week, according to Bloomberg.<p>Under Dodd-Frank, legislators directed the SEC to collect information from hedge funds and private equity firms.<p>The new reporting rules require hedge fund managers with more than than $1.5 billion in …

Why it’s so hard to stop college cost inflation in the US

With the fracas in Washington over how to stop student loan interest rates from spiking, there’s more attention than ever on the student loan “bubble.” To pinpoint apt solutions, it’s worth considering the college loan issue as a version of two already irksome public policy problems: the debt …

College & University

The Real Estate Mini-Bubble Will Be Economy's Next Problem

The housing and automobile industries are the main driving forces of the economy – in both directions. That makes sense since consumer spending accounts for 70% of the economy, and homes and cars are the biggest ticket items consumers spend money on. More importantly, unlike most purchases, it’s …

Bank of England gives lenders six years to plug £121bn black hole

British banks have been given six years by the Bank of England to plug a £121bn capital shortfall in order to meet tough European rules.<p>Most of the financial black hole - £120bn - is in the UK’s 25 biggest banks and building societies that each hold assets of at least £100bn.<p>The findings come in a …

Investing

Is London's housing market overheating?

London's most expensive properties soared in value throughout the crisis and their prices are still rising. Some analysts say this market, comprising many of the costliest homes ever sold, is a bubble primed to pop. Others insist the growth is sustainable – and can benefit us all.<p>Property prices in …

Housing

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Milwaukee man jailed in theft of $5-million Stradivarius violin

A Milwaukee man who provided the stun gun used in the theft of a $5-million Stradivarius violin in January was sentenced Thursday to 3 1/2 years in prison.<p>Universal K. Allah, 37, pleaded guilty in May to being party to felony robbery, a charge with a maximum penalty of 10 years in prison. His …