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News & Updates

October 29, 2014 Deutsche Bank Sinks to Third-Quarter Loss on Legal Costs

Source: Bloomberg

The net loss in the three months through September was 94 million euros compared with net income of 41 million euros a year earlier, the Frankfurt-based company said today. The bank reported higher-than-estimated revenue from...

October 29, 2014 Stocks: Dow jumps back above 17,000, Nasdaq surges

Source: USA Today

Stocks jumped Tuesday and the Dow closed back above 17,000 for the first time since October 3 after investors were encouraged by earnings gains and a rise in consumer confidence.

October 28, 2014 New York Pension Fund Reaches All-Time High

New York Daily News - âThe îNew York State Common Retirement Fundî has reached a milestone,â DiNapoli said in a press release. âThe Fund ended the fiscal year at an estimated $160.4 billion, an...

October 28, 2014 Moral money: Investors 'put ethical concerns on par with price'

ProfessionallAdsviser - We do not believe there is any financial penalty, our view is ethical funds help generate performance îEIRISî said the findings show consumers' ethical concerns are almost as strong as being...

October 28, 2014 Goldman Cuts Oil Forecasts as U.S. Market Clout Increases

Source: Bloomberg

Goldman Sachs Group Inc. (GS) cut its forecasts for Brent and WTI crude prices next year on rising global supplies, predicting OPEC will lose influence over the oil market amid the U.S. shale boom.

October 27, 2014 Big Endowments Are Divesting: Are You'

Triple Pundit - this divestment campaign started a few years back at universities and colleges and has now spread to over 300 college campuses across the country through organizations such as îResponsible Endowments...

October 27, 2014 US Federal Reserve Likely To Announce End Of Its Economic Stimulus Program; Currently Buying $15B In Assets Monthly

Source: International Business News

Wall Street pundits are predicting the U.S. Federal Reserve will announce an end to its latest stimulus program this week in the belief the American economy is strong enough to stand on its own. The Fed began buying certain...

October 27, 2014 S&P 500 posts biggest weekly gain of 2014

Source: MarketWatch

NEW YORK — U.S. stocks closed with solid gains Friday, leaving the S&P 500 with its largest weekly advance of the year. The market got a lift from stronger-than-anticipated housing data and better-than-expected quarterly results...

October 27, 2014 ECB fails 25 banks in health check but problems largely solved

Source: Reuters

Roughly one in five of the euro zone's top lenders failed landmark health checks at the end of last year but most have since repaired their finances, the European Central Bank said on Sunday.

October 27, 2014 U.S. gasoline cheapest in nearly four years -Lundberg survey

Source: Reuters

The average price of U.S. retail gasoline dropped 18 cents in the past two weeks to the lowest level in nearly four years, driven by a steep drop in oil prices, according to the latest Lundberg survey released on Sunday.

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