Investors hungry for higher yields are flocking to the credit markets, putting junk-bond issuance on a record-setting pace. And lenders are loosening credit standards, while companies take on debt just because it’s cheap. Sound…
Stocks rose Friday and the Dow crossed the 11,000 level for the first time since early May. September’s dismal jobs reports raised traders’ expectations for another round of monetary easing from the Federal Reserve.
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IBISWorld Research has identified four unfortunate industries that will likely be mired in recession-like conditions over the next three years. It’s not a good time to be hog farmer or a postmaster.
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The aluminum giant matched Wall Street’s profit expectations and exceeded the revenue estimates. Company execs say they see demand picking up as the year progresses. Alcoa shares jumped in after-hours trading.
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Investors take note: Despite the calls for order, national policymakers are dealing with an increasingly haphazard scenario loaded with counterproductive results and unintended consequences. The result could be a slide toward p…