Oil tops $60 a barrel for first time this year
Oil reached 60.78 a barrel after Libyan terminal closure reports spurred gains in energy stocks. The rise comes as inflation fears and higher rates persist, with oil up about 20 percent in the past month. L A sues Wells Fargo over alleged improper account openings and pressure on customers including Mexican immigrants.
MENTIONED IN THIS ARTICLE
West Texas
L.A
Wells Fargo
Los Angeles
Mike Feuer
Profit Versus Social Impact Investors Weigh Tradeoffs
Morgan Stanley Institute survey of 1,025 investors explores how people balance profit with social impact. Results show varied preferences with some prioritizing returns while others favor ethical outcomes as a growing share consider sustainability a key factor in portfolio choices.
MENTIONED IN THIS ARTICLE
Morgan Stanley Institute For Sustainable Investing
Jae Yang
Alejandro Gonzalez
USA
IRS faulted for $5.6B in faulty education credits
A government watchdog report says the Internal Revenue Service issued more than 5.6 billion in faulty education tax credits to about 3.6 million taxpayers filing 2012 returns. TIGTA notes many claims lacked proper tuition statements or came from ineligible schools and cites continued process weaknesses.
MENTIONED IN THIS ARTICLE
Internal Revenue Service
IRS
Treasury Inspector General For Tax Administration
TIGTA
J. Russell George
Inspector General
Ugly gap in trade may turn into swan
The March trade deficit widened to 514 billion dollars, the largest since October 2008, with the first quarter manufacturing deficit up 30 percent. Economists expect the deficit to shrink this year as the dollar steadies and global growth improves, boosting exports and consumer spending from gas savings. Bernard Baumohl sees the economy gaining momentum as export activity strengthens.
MENTIONED IN THIS ARTICLE
U.S
Bernard Baumohl
Economic Outlook Group
Census Bureau
Ernie Preeg
MAPI
Baumohl
Hurwitz
Germany
Spain
Netherlands
Portugal
Federal Reserve
European Central Bank
Fed
Bureau OF Economic Analysis
Haver Analytics
Trade Deficit Widens As Dollar Squeezes Exports
Economists contend the economy shows blurred momentum as the dollar keeps US exports costly while imports surge. March trade data show imports up 7.7 percent to 239.2 billion and exports up 0.9 percent to 187.8 billion. Analysts expect relief as port backlogs fade and eurozone growth boosts demand, with the dollar likely to rise modestly and a year-end trade deficit near 45 billion dollars.
Collision Conference theme fuels debate on tech bubble risk
In Las Vegas Collision Conference attendees debate whether a tech bubble may burst as social media stocks slide after weak results. Investors cite private firms like Dropbox and Pinterest potential funding hurdles while noting rising capital chasing growth. Venture capitalists say show sessions offer candid market readouts.
MENTIONED IN THIS ARTICLE
Las Vegas
Manny Pacquiao
Wall Street
Twitter
LinkedIn
Yelp
Davos
Hemant Taneja
General Catalyst Partners
Silicon Valley
Bryan Stolle
Mohr Davidow Ventures
Tech
Stolle
America
Dropbox
Pinterest
Michael Africk
Inmoji
Nike
Microsoft
San Francisco
TechCrunch Disrupt NY
New York
Internet of
DevCon
Santa Clara
Calif
VentureScape
Google I/O
Code Conference
Rancho Palos Verdes
Jack Krawczyk
Pandora
Vcs
Uber
Taneja
Swartz
USA Today
Also Mentioned on This Page
Moneyline
ST RasphVerey
DOW Jones Industrial
S&p
Marketwatch.com
Cael Ontry
Sullivan
Goris
California
Oakland
Barclays Capital
Jesse Hurwitz
Vegas
Jon Swartz
Jswartz