Stock Market

Hurting One, Hurting All: Economists Wake Up to Income Inequality’s Damage

Hurting One, Hurting All: Economists Wake Up to Income Inequality’s Damage
In an Associated Press survey published today, a group of three dozen economists agree that the “growing gap between the richest Americans and everyone else isn’t bad just for individuals. It’s hurting the U.S. economy.”
origin Author: 
Isaiah J. Poole
origin Blog: 

Report: Dem Candidate for RI Gov Undermined Public Pension System to Curry Wall St Favor

Report: Dem Candidate for RI Gov Undermined Public Pension System to Curry Wall St Favor
A new investigation uncovers the misdeeds of Rhode Island General Treasurer Gina Raimondo during her handling of the state’s Employee Retirement System. The report charges that Raimondo’s investment strategy is a lose-lose: “alternative investments both reduce returns and increase risk” and that probable candidate for governor is selling out Rhode Island’s public workers for an “opportunity to enrich herself and her hedge fund backers.”
origin Author: 
Chaz Bolte
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Monsanto Reports Loss as Seed Sales Decline; Buys Weather Data Firm for $930M Cash

Monsanto Reports Loss as Seed Sales Decline; Buys Weather Data Firm for $930M Cash
Monsanto reported worse-than-expected losses for its fiscal fourth quarter on Wednesday, due to lower sales of its genetically engineered seeds. The company forecast for fiscal 2014 also came in below Wall Street expectations, and it revealed plans to buy farming software and data firm The Climate Corporation. The combination sent shares lower in premarket trading.
origin Author: 
Matthew Perrone
origin Blog: 

Unemployment Drops to New Four-Year Low of 7.5%

Unemployment Drops to New Four-Year Low of 7.5%
U.S. employers added 165,000 jobs in April, and hiring was much stronger in the previous two months than the government first estimated. The job increases helped reduce the unemployment rate from 7.6 percent to a four-year low of 7.5 percent.
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Who Benefits From the Climbing US Stock Market?

Who Benefits From the Climbing US Stock Market?
While a growing stock market is important not just for the top 1 percent — a lot of pension funds and 401(k)’s get a boost from the bull — the vast majority of the value of the stock market is held by the wealthiest households.
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