News

The Dollars Loses Luster After Weak Payrolls Report

September 10, 2013
USD Chart

The dollar lost ground on Friday on the heels of the Labor Departments release of a slightly worse than expected employment report, which allowed bond prices to rally, reducing yields across the interest rate spectrum.  The data eroded the value of the greenback, which saw interest rate differential move in favor of the yen and […]

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Facebook IPO Date Set for May 18

May 2, 2012

Facebook is one of the most anticipated IPO’s of the past few years and it could end up being the biggest IPO in history.  The Wall Street Journal has reported that Facebook is set to announce an IPO date of May 18, 2012.  The company will head out on its roadshow on Monday May 7, […]

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Los Angeles Dodgers Now Wealthiest Franchise With $2 Billion Sale

March 29, 2012

Yesterday Major League Baseball and the Los Angeles Dodgers announced that the team had been sold to former Los Angeles Laker Magic Johnson and Guggenheim Partners for a record $2 billion.  This is the largest price tag to ever be placed on a sports franchise. Some people are going to question whether or not this […]

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Effects from the Last Federal Reserve Meeting

February 6, 2012

Recently the Fed had a meeting that many are saying will have long lasting effects on how the central bank operates. The Fed took two steps in last weeks meeting. The first was publishing detailed interest rate projections of each of the 17 officials who participate in the policy meetings. The publication did not identify […]

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Should Investment Income be Taxed Lower Than Wages?

February 1, 2012

Over the last few months one of the hot topics has been whether or not it is fair that investment income is taxed at a lower rate than wages. A couple of weeks ago Republican presidential candidate Mitt Romney released his 2010 tax return and it showed that he paid roughly 15% tax on around […]

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Facebook Could File Long Awaited IPO Next Week

January 27, 2012

Wall Street has been anticipating a Facebook initial public offering for some time now and it looks like we might finally see the start next week. It was reported this afternoon that Facebook could file papers for its IPO by Wednesday. It is expected that they will choose between Morgan Stanley and Goldman Sachs to […]

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Kodak files for Chapter 11 Bankruptcy

January 23, 2012

The iconic photography company, Kodak has filed for Chapter 11 bankruptcy protection. The company is based in Rochester, New York and founded in the late 19th century by George Eastman. Rumors have swirled around the company for the last three months that it would file for bankruptcy. CEO Antonio M. Perez made the announcement stating, […]

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