Fed rate hike sparks market rally despite warns
Analysts say the Fed move boosted stocks and bonds with the Dow rising daily, but caution that the enthusiasm may fade as higher rates, rising commodity prices, and debt pressures could slow the economy and curb earnings. Some warn inflation risks and a possible later tighten.
MENTIONED IN THIS ARTICLE
Federal Reserve
Fed
Dennis Jarrett
Kidder, Peabody & Co.’s
Dow Jones
Dow
Hugh Johnson
First Albany Corp
Oppenheimer & Co
Michael Metz
Johnson
Metz
Local Stocks and Market Update Noted in Journal-World
The Journal-World notes a stock market update and local stock quotes with a call to watch for the complete market wrapup in Saturday’s issue. It lists contact points and updates under the regional market brief.
MENTIONED IN THIS ARTICLE
Journal-World
Local markets and commodity quotes from Midland and Omaha
Morning market brief lists Midland Elevator prices for wheat corn milo and soybeans. Omaha Livestock Market quotes hogs cattle calves and sheep with varying prices and loads. Also notes Kansas feedlot sales and New York metal prices for aluminum copper lead zinc tin gold silver mercury and platinum with spot figures and ranges.
MENTIONED IN THIS ARTICLE
Midland
Omaha, Neg
Omaha
U.S
New York
London
Handy & Harman
Comex
Mercury
N.Y
Exchange Rates From Commerce Bank Of Kansas City Report
Commerce Bank of Kansas City N A provides interbank exchange rates as of 8 am today. Retail rates may differ per currency unit. for details call (800) 892 7100.
MENTIONED IN THIS ARTICLE
Commerce Bank of
Kansas City
N.A
U.S
Commerce Bank
Cash rebates on credit cards raise mixed value for users
Credit card issuers lure customers with cash back on purchases and fees. Chase Manhattan, GE Rewards, and others have introduced cash back programs, while Sears Discover remains the pioneer. For consumers the rebates are limited lagniappe, not windfall, with monthly accrual tied to spending.
MENTIONED IN THIS ARTICLE
Chase Manhattan
Visa
Mellon Bank
Cornerstone Mastercard
Sears Discover
Chase’s
Credit card rebates favor heavy spenders and risky debt
The article explains rebates on cash back cards depend on total charges and monthly balances. A $200 monthly charge with $1,500 average balance yields $47.85 yearly, but gains only if $500 yearly rebate target is met, taking three years. Critics say such cards encourage debt, while proponents argue consumers control their spending. High interest rates (16–20%) often exceed benefits, making rebates unattractive for those carrying balances. Cash back makes sense mainly for those paying full each month, as even $500 monthly spend plus full payment yields small yearly returns and delayed rewards.
MENTIONED IN THIS ARTICLE
Michael Auriemma
Auriemma
Chase
Tanger outlet set for June 4 grand opening and Little Miss Tanger pageant
Tanger Factory Outlet Center plans a noon June 4 ribbon cutting at 1035 N Third for its first phase. Stanley K. Tanger will attend. A Little Miss Tanger pageant for girls ages five to seven is set for 10 a.m. that day with a $100 savings bond prize. A second phase could add about 14 stores.
MENTIONED IN THIS ARTICLE
Tanger Factory
Outlet Center
Third
Stanley K. Tanger
Kacey Childs
U.S
Childs
Stanley K. Tanger & Co
Southwestern Bell plans to offer local phone service via cable system
Southwestern Bell seeks approval from Maryland regulators to use its Montgomery County cable system to provide traditional telephone service in competition with Bell Atlantic in Rochester Time Warner also explores cable to phone moves. SBC says about 100 million dollars is needed for switching equipment and integration. SBC Media Ventures operates Hauser systems from Rockville Maryland and aims to launch by year end.
MENTIONED IN THIS ARTICLE
Southwestern Bell
Washington
Bell Atlantic
Bell
San Antonio
Montgomery County
Time Warner Inc
Rochester
N.Y
Maryland Public Service Commission
Baby Bell
U.S
Southwestern
Hauser Communications
SBC Media, Ventures
Rockville
Hauser Systems
Also Mentioned on This Page
Wy Jones
Office Depot
O'Reilly Auto
JC Penney
Pepsico
Quaker
Sallie Mae
Santa Fe
Sealright
Sthwest Bell
TRW
Trinova
UtiliCorp
Wal-Mart
Western Res
Williams Neaebaedenves
Woolworth
Edward D. Jones & Co
the Money Small Investor Index
NYSE
Bank Rate Monitor
The
Federal Reserve I Investment Company
Nstitute
Lehman Bros
Lipper Analytical Services
Merrill Lynch
Money Fund Report
Morgan Stanley Capital International
National Association of Real Estate Investment Trusts
Prudential Asset Management
Standard & Poor's
Robert Stanger & Co
World Gold Council
Money Magazine
Omaha Livestock
Dodge City Livestock
Dopce Crry
Kansas
Canada
France
Germany
Great Britain
Italy
Japan
Mexico
Switzerland
Era Pro Service
N.Y. Times News Service
Cable
V.lp
Trevira
Séchic
Hoechst AG
XPS
Hoechst Celanese Corporation
Cy Roh
Lawrence
Bros
Ree
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