Archive for September, 2013

Wall Street ends lower as government shutdown nears

September 30th, 2013

Wall Street ends lower as government shutdown nears

Traders work on the floor of the New York Stock ExchangeBy Angela Moon NEW YORK (Reuters) – U.S. stocks closed lower on Monday with just hours to go before a midnight deadline to avert a federal government shutdown, but major indexes ended September with solid monthly gains. Losses were broad across the board and the decline accelerated in late trading but the benchmark S&P 500 index still ended up 3 percent for the month and 4.7 percent for the quarter. The Nasdaq jumped more than 10 percent for the quarter, its biggest quarterly gain since the first quarter of 2012. …

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Stock Markets News Headlines – Yahoo! News

Helping clients through divorce boosts business

September 30th, 2013

Helping clients through divorce boosts business
TORONTO (Reuters) – Faisal Karmali had been a financial adviser for 10 years when he decided to add divorce financial planning to his toolkit. Since then, his practice has surged, with new clients…


Source
Reuters: Money

FOREX-Dollar little changed as hopes for U.S. budget deal rise slightly

September 30th, 2013

FOREX-Dollar little changed as hopes for U.S. budget deal rise slightly
NEW YORK, Sept 30 (Reuters) – The dollar was little changed against other major currencies on Monday, paring earlier losses, as hopes grew that U.S. lawmakers will reach a deal and avert a partial…


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Reuters: US Dollar Report

'Breaking Bad' finale draws series record of 10.3 mln viewers

September 30th, 2013

'Breaking Bad' finale draws series record of 10.3 mln viewers
LOS ANGELES, Sept 30 (Reuters) – AMC’s gritty drug drama
“Breaking Bad” drew its biggest audience for the series finale
on Sunday, as 10.3 million viewers tuned in to see anti-hero
Walter White meet a dark and fitting end.
Source
Reuters: Media

What Happens To The Economy If The Government Shuts Down?

September 30th, 2013

What Happens To The Economy If The Government Shuts Down?

Most analysts are predicting that a shutdown of the federal government will not last long. But there’s no guarantee, and the mere possibility that a shut down might drag on was enough to push down the stock market today. It’s one of many possible economic impacts a shutdown might have.

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Economy

U.S. study says asset managers could pose systemic market risk

September 30th, 2013

U.S. study says asset managers could pose systemic market risk
WASHINGTON (Reuters) – Some activities of asset managers could pose risks to the broader marketplace, according to a study released by the Treasury Department on Monday that boosted the likelihood…


Source
Reuters: Money

Raising debt cap unilaterally would be suspect: White House

September 30th, 2013

Raising debt cap unilaterally would be suspect: White House

White House Press Secretary Carney speaks to reporters about Obamacare from the briefing room of the White House in WashingtonBy Mark Felsenthal WASHINGTON (Reuters) – The White House on Monday sought to quash any possibility that President Barack Obama would raise the U.S. debt ceiling by himself should Congress fail to do so before a mid-October deadline, as some have suggested he should. The U.S. Treasury Department has said it will exhaust the nation's $16.7 trillion borrowing limit in less than three weeks. Unless Congress raises the cap, the government would go into default, which the administration and most analysts say would deal a disastrous blow to the U.S. and the global economy, where the value of U.S. …

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Economy News Headlines – Yahoo! News

Italian stocks, bonds recover ground as election risk abates

September 30th, 2013

Italian stocks, bonds recover ground as election risk abates
By Lisa Jucca MILAN (Reuters) – Expectations that a rebellion within Silvio Berlusconi’s party may avoid snap elections in Italy pulled bond yields off the day’s highs and curbed stock market losses. Investors had sold Italian government bonds and shares earlier on Monday after Berlusconi pulled the rug from under Prime Minister Enrico Letta’s frail coalition government by ordering five centre-right ministers to quit. …
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Stock Markets News Headlines – Yahoo! News

Mutual fund gains despite one of longest markets sell-offs

September 30th, 2013

Mutual fund gains despite one of longest markets sell-offs
Sept 30 – This past week’s Fed message that the economy was still on too soft a footing and wouldn’t respond well to tightening efforts was well received initially, sending the DJIA and S&P 500 to…


Source
Reuters: Money

Wall Street slips as government shutdown more likely on budget impasse

September 30th, 2013

Wall Street slips as government shutdown more likely on budget impasse

Traders work on the floor of the New York Stock ExchangeBy Angela Moon NEW YORK (Reuters) – U.S. stocks slipped on Monday as the possibility of a partial government shutdown rose, although major indexes were on still track to close out September with solid monthly gains. With just hours to go before a midnight deadline to avert a federal government shutdown, the S&P 500 was down about 0.5 percent, cutting its initial losses almost in half. Market participants have grown accustomed to political battles in Washington resulting in a last-minute accord and voiced skepticism any shutdown would last for an extended period. …

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Stock Markets News Headlines – Yahoo! News