EconMatters
Follow
Find
3.7K views | +2 today
EconMatters
News about the markets and economy
Curated by EconMatters
Your new post is loading...
Your new post is loading...
Scooped by EconMatters
Scoop.it!

Christie’s to Appraise Detroit Art Institute’s Holdings

Christie’s to Appraise Detroit Art Institute’s Holdings | EconMatters | Scoop.it
Christie’s International Plc will appraise the collection of the Detroit Institute of Arts, which may be worth at least $2.5 billion, in response to creditors demanding a valuation of the insolvent city’s assets.
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

Age of cars in America climbs to all-time high

Age of cars in America climbs to all-time high | EconMatters | Scoop.it
Americans are making their old cars and trucks run longer with the average age for vehicles at 11.4 years.
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

Ouch! Exxon posts big miss; Shell takes massive shale charge

Ouch! Exxon posts big miss; Shell takes massive shale charge | EconMatters | Scoop.it
Exxon Mobil second-quarter profit fell 57 percent, while Shell significantly wrote down the value of its shale fields.
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

Snowden Gets Russian Asylum Ending Confinement in Moscow Airport

Snowden Gets Russian Asylum Ending Confinement in Moscow Airport | EconMatters | Scoop.it
Edward Snowden left Sheremetyevo Airport after receiving temporary asylum for one year in Russia, ending the fugitive whistle-blower’s monthlong confinement in the transit zone, his Moscow-based lawyer said.
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

What Happens If the BRICs Sink Like One?

What Happens If the BRICs Sink Like One? | EconMatters | Scoop.it
Nouriel Roubini points out that after a decade of torrid growth, the BRIC economies (Brazil, Russia, India, China) are slowing down. 
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

JPMorgan Agrees to Pay $410 Million in Power Market Manipulation Case

JPMorgan Chase has agreed to settle charges that traders in its Houston offices manipulated electricity markets in California and Michigan, a record pact for the Federal Energy Regulatory Commission, which has ramped up its policing of Wall Street...
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

Hedge Funds Raise Gold Bets as Goldman Sees Decline: Commodities

Hedge Funds Raise Gold Bets as Goldman Sees Decline: Commodities | EconMatters | Scoop.it
Hedge funds raised wagers on a gold rally as speculation that the Federal Reserve will hold off on curbing stimulus drove prices toward the biggest gain in 18 months. Goldman Sachs Group Inc. expects the rally to reverse.
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

Under China's shadow, New Zealand signs free trade pact with Taiwan

Under China's shadow, New Zealand signs free trade pact with Taiwan | EconMatters | Scoop.it
New Zealand on Wednesday signed a free trade agreement with Taiwan in a deliberately low-key ceremony designed to demonstrate the South Pacific nation's fealty to its formal relations with mainl...
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

Silver recovered from shipwreck - WorkBoat.com

Silver recovered from shipwreck - WorkBoat.com | EconMatters | Scoop.it
Odyssey Marine hauls in 1.8 million ounces of silver from British shipwreck.
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

Crude Tumbles Most in More Than a Month on U.S. Output

Crude Tumbles Most in More Than a Month on U.S. Output | EconMatters | Scoop.it
West Texas Intermediate crude fell the most in more than a month as U.S. output surged to a 22-year high last week and Chinese manufacturing contracted more than economists estimated.
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

Netflix Rules as S&P 500 Index’s Top Stock, Spurs Bubble

Netflix Rules as S&P 500 Index’s Top Stock, Spurs Bubble | EconMatters | Scoop.it
Netflix Inc. has become the best performing U.S. stock in the Standard & Poor’s 500 Index in 2013 and the second most expensive, and therein lies a tale of disagreement.
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

Wall Street Commodity Trading in Jeopardy Amid Fed Review

Wall Street Commodity Trading in Jeopardy Amid Fed Review | EconMatters | Scoop.it
JPMorgan Chase & Co., Morgan Stanley and Goldman Sachs Group Inc. are among lenders whose commodity- trading is in jeopardy as the Federal Reserve reconsiders letting banks ship oil and store metal.
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

WTI Crude Surpasses Brent for First Time in Almost Three Years

WTI Crude Surpasses Brent for First Time in Almost Three Years | EconMatters | Scoop.it
West Texas Intermediate crude became more expensive than Brent for the first time in almost three years as pipeline and rail shipments helped clear a bottleneck that reduced the price of the U.S. benchmark.
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

WTI Crude Declines Third Day on Stimulus Speculation

WTI Crude Declines Third Day on Stimulus Speculation | EconMatters | Scoop.it
West Texas Intermediate crude fell for a third day amid speculation that the Federal Reserve will reduce stimulus and after Bank of America’s Francisco Blanch said it will be difficult for WTI to rally much more.
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

Banks Replacing Enron in Energy Incite Congress as Abuses Abound

Banks Replacing Enron in Energy Incite Congress as Abuses Abound | EconMatters | Scoop.it
The U.S. government permitted Wall Street firms to expand in the energy industry a decade ago, when the collapse of Enron Corp. and its army of traders left a void in the market. The results aren’t pretty.
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

Payrolls Rise Less Than Forecast, U.S. Jobless Rate Falls

Payrolls Rise Less Than Forecast, U.S. Jobless Rate Falls | EconMatters | Scoop.it
Employers added fewer workers than anticipated in July and the U.S. jobless rate dropped to 7.4 percent, indicating uneven progress in the labor market.
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

Burger Costs Rising With Beef Supply at 21-Year Low: Commodities

Burger Costs Rising With Beef Supply at 21-Year Low: Commodities | EconMatters | Scoop.it
U.S. beef production is plunging to a 21-year low after surging feed costs spurred ranchers to cut herds, signaling record prices for consumers and higher costs for buyers from McDonald’s Corp. to Ruth’s Chris Steak House.
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

Second Quarter GDP Beats Expectations At 1.7%, Bernanke Still Set To Taper This Year

Second Quarter GDP Beats Expectations At 1.7%, Bernanke Still Set To Taper This Year | EconMatters | Scoop.it
Gross domestic product expanded faster than expected in the second quarter, hitting 1.7%, yet output over the past four quarters was revised down as the economy hasn't gained momentum, yet the situation appears unchanged and could lead to Bernanke...
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

China Orders Audit Of Government Debt

China Orders Audit Of Government Debt | EconMatters | Scoop.it
The order comes as GDP growth slows and worries mount over vulnerabilities in local government finances and their effect on the banking system.
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

Fast-Food Workers Strike for Higher Wages in U.S. Cities

Fast-Food Workers Strike for Higher Wages in U.S. Cities | EconMatters | Scoop.it
Thousands of fast-food workers from restaurants such as McDonald’s Corp. and Wendy’s Co. walked off the job beginning today, calling for $15-an-hour pay.
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

Samsung Boosts Capital Spending as High-End Phone Demand Slows

Samsung Boosts Capital Spending as High-End Phone Demand Slows | EconMatters | Scoop.it
Samsung Electronics Co. will invest $18 billion in its memory-chip and display businesses this year as the world’s biggest smartphone maker tries to ward off slowing demand for high-end devices such as its Galaxy S4.
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

Spain Train Crash Kills 80 in Worst Accident in 40 Years

Spain Train Crash Kills 80 in Worst Accident in 40 Years | EconMatters | Scoop.it
A rail crash in northwest Spain killed 80 people last night in the country’s worst such accident in more than 40 years. Questions were raised about the train’s speed.
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

WTI Drops a Second Day; Goldman Sees Widening Discount to Brent

WTI Drops a Second Day; Goldman Sees Widening Discount to Brent | EconMatters | Scoop.it
West Texas Intermediate crude
dropped a second day as weaker-than-forecast U.S. economic data
raised concern that growth will slow in the world’s biggest
consumer of oil.
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

Royal baby born: It's a boy

Royal baby born: It's a boy | EconMatters | Scoop.it
LONDON – A royal baby boy was born Monday to Prince William and his wife, the former Kate Middleton , after weeks of anticipation and excitement among fans of the royal family over the arrival of a new heir to the British throne.
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

GlaxoSmithKline's China crisis: why it changes the rules of engagement

GlaxoSmithKline's China crisis: why it changes the rules of engagement | EconMatters | Scoop.it
Nils Pratley: GSK will probably have to rethink its entire model of doing business in China and other 'high risk' countries
more...
No comment yet.