Dow Gains After Fed Cut Cements Market Mood Shift
New York markets waver after the Fed trims rates by a quarter point. Investors weigh psychology against a lingering downturn as the Dow swings from a 550 point slide to a Friday close up 152.16 at 7,784.69 amid a broader earnings erosion and nerves about a sustained recovery.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve
Fed
Wall Street
Arnold Kaufman
Standard & Poor
the Outlook
Kaplan
Neither borrower nor lender faultless
New York AP outlines how in two decades personal bankruptcy filings rose sharply while credit card lenders push aggressive growth. It notes low introductory rates, frequent solicitations, higher rates after balances rise, and loans at risk near $1.5 trillion across consumer credit. Regulators see prudence eroded by aggressive marketing.
MENTIONED IN THIS ARTICLE
New York
Comptroller of the Currency
Office of Thrift Management
Companies Turn Workplaces Into Neighborhoods on Main Street
Technology manager Kristen Thurber buys cards and coffee on Main Street without leaving work as West Group converts part of its Minneapolis HQ into a mini downtown with bank, store, cafe, and library. The article explores corporate life as a home away from home and its impact on family and community ties.
MENTIONED IN THIS ARTICLE
Kristen Thurber
Main Street
Thurber
West Group
Minneapolis
Owen’s Corning
Toledo
Xerox
U.S
Lamar Alexander
Bright Horizons Family Solutions
Barry Schwartz
Swarthmore College
Microsoft
Eagan
Minn
Millionaire philanthropist Vilar backs opera and Met upgrade
New York based Alberto Vilar, founder of Amerindo Investment Advisors, is famed for opera devotion and vast philanthropy. He plans a $25 million donation to the Metropolitan Opera, which will rename its grand tier in his honor. Born in New Jersey and raised through Cuban upheaval, his wealth stems from semiconductor investments and high risk finance.
MENTIONED IN THIS ARTICLE
New York
Alberto Vilar
Vilar
Amerindo Investment Advisors
Salzburg
Vienna
Austria
Vail
Colo
The
Met
Ropolitan Opera
New Jersey
Cuba
Puerto Rico
Utilities as a ballast for portfolios amid volatile markets
In a volatile market with low yields and falling interest rates, utility stocks and funds are seen as safe havens. Analysts note their steady performance, high dividend yields, and potential gains from lower borrowing costs as deregulation reshapes electric and telecom sectors.
MENTIONED IN THIS ARTICLE
New York
Wall Street
U.S. Treasury
Federal Reserve
Roger $. Conrad
Utility Forecaster
Dow Jones
Dow
Dow Transportation
John A. Carey
Pioneer Equity Income Fund
Boston
Lipper Analytical Services Inc
Andrew Horowitz
Hollywood
Fla
Also Mentioned on This Page
Becky O’grady
General Mills
Golden Valley
Generous Mills
O’grady
Millionaire
Watt
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!