The notion that somehow public workers’ pay packages are breaking the state budget just don’t hold up. These workers’ entire compensation package — salary, health care, pensions, etc. — make up a tiny fraction of Wisconsin’s …
In Hong Kong HSBC shares rose 1.5% before the company’s announcement early today in London that it had missed earnings estimates. The gain helped push the Hang Seng Index up 1.4.% In China the Shanghai Composite advanced 0.9% a…
The market suffered its biggest swoon since August last week as chaos swept Libya and oil prices hit multiyear highs. With the geopolitical landscape uncertain for the foreseeable future, don’t be surprised if stocks come under…
This week we turn the calendar page, and that change brings with it a raft of economic data. Fed Chairman Ben Bernanke will deliver his semiannual monetary policy testimony before Congress, while Wall Street waits on more earn…
Retailers forecast that 2011 will be a year spent dealing with inflation, expanding stores and trying to wean shoppers off their markdown habit. Faced with rising costs that are pushing their prices higher, merchants say they …