A cache of 2.5 million files has cracked open the secrets of more than 120,000 offshore companies and trusts, exposing hidden dealings of politicians, con men and the mega-rich the world over. The secret records obtained by the International Consortium of Investigative Journalists lay bare the names behind covert companies […] Read more »
Obama Job Approval Slips as Economic Pessimism Rises
Barack Obama’s job approval rating has tumbled since shortly after his re-election, as the public’s economic expectations for the coming year have soured. Despite substantial public awareness of recent gains in the stock market and rebounding real-estate values, the percentage saying economic conditions will get worse over the next year […] Read more »
U.S. Budget Discord Is Top Threat to Global Economy in Poll
Global investors say the state of the U.S. government’s finances is the greatest risk to the world economy and almost half are curbing their investments in response to continuing budget battles, a Bloomberg poll shows. … Even with stocks at a five-year high, almost half of investors — 47 percent […] Read more »
Investors Most Optimistic on Stocks in 3½ Years
International investors are the most bullish on stocks in at least 3 1/2 years, with close to two- thirds planning to raise their holdings of equities during the next six months, according to a Bloomberg survey. As the global financial and business elite gather in Davos for their annual forum, […] Read more »
Obama win would sink markets
… Investment advisers have not been able to count on pollsters or pundits thus far to clearly predict winners and losers in next Tuesday’s elections, so some have lapsed back to their own political prejudices and preferences to chart a post-election course for their clients. [cont.] David Hill Read more »
More Americans Worry about Financing Retirement
Despite a slowly improving economy and a three-year-old stock market rebound, Americans today are more worried about their retirement finances than they were at the end of the Great Recession in 2009, according to a nationally representative survey of 2,508 adults conducted by the Pew Research Center. [cont.] Rich Morin […] Read more »