Investors, whose optimism was recently shaken by surprisingly weak economic data, are now hoping companies can provide some clues about a recovery.

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Even if they won't be completely gone, the Obama administration could be the beginning of the end for the era of the huge finanical institution.Financial regulations proposed by President Obama would result in leaner and simpler financial institutions that don't carry the weight of the system on their marble columns.




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The soaring national debt is recorded on the National Debt Clock in New York. The national debt was $11,518,472,742,288 on Wednesday, acording to the Treasury Department.The Founding Fathers left one legacy not celebrated on Independence Day but which affects us all. It's the national debt, which is a staggering $11.4 trillion — about $37,000 for every American.




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Closed-end firms are seen as a more conservative investment, but the long-term returns are generally lower.


Since shares are being continually bought and sold, the open-end firms appraise their shares twice daily. Examples: Keystone Custodian Bl (high grade) and B2 (medium grade), Bond Fund of Boston, Manhattan Bond Fund, Group Securities General Bond Fund.


The balanced fund is one that maintains a goodly portion of its resources in bonds and/or preferred stocks and places the remainder in common stocks. Examples: Eaton and Howard Balanced; Scudder, Stevens and Clark Balanced; Boston Fund; Wellington Fund.


The diversified common stock fund comprises the largest group in total membership. Examples: Axe-Houghton Stock Fund, Broad Street Investing Corp., Commonwealth Stock Fund, Loomis-Sayles Mutual Fund, Science and Nuclear Fund.


The shares of closed-end firms are usually common stocks, bought and sold through the stock exchanges or the over-the-counter market.


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Major stock indexes ended down more than 2 percent Tuesday after the U.S. unemployment rate hit a 26-year high.

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Job seekers wait to speak to a recruiter during a job fair held in Chicago.Many forecasters now expect the U.S. economy to begin growing later this year. But it probably won’t feel like a recovery for most people. By John W. Schoen.




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Oil prices tumbled to their lowest level in a month Thursday following the release of woeful job numbers in Europe and the U.S.

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Job seekers listen to a recruiter during a job fair held by the City Colleges of Chicago. Businesses slashed more jobs than expected in June, and the nation's unemployment rate hit a 26-year high.Out-of-work with no place to land, the legions of America's unemployed are growing. The nation's unemployment rate rose to 9.5 percent in June, a 26-year high.




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Orders to U.S. factories jumped in May by the largest amount in nearly a year, another sign that the nosedive in manufacturing is nearing an end.

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Brighter news on manufacturing is offering more hope that the longest recession since World War II is near an end.

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