The debt crisis in Europe has yet to be truly resolved, and the euro has been bobbing up and down in value as the situation changes. This past week, it deterred investors due to an upcoming week of risks such as an additional finance minister summit. Jeremy Stretch of CIBC World Markets said: “If the… Continue Reading
If you travel a lot then you know how important your luggage can be. Today your carry-on piece has taken on even more significance as airlines cut back on luggage allotments and many airlines charge extra for even one piece of checked baggage. Here is a look at five of the best ranked carry-ons which… Continue Reading
Though the world seems to sense an economic upbeat, an investor with management of over $25 billion has expressed his skepticism and lingering concerns. According to George Osborne, the Office for Budget Responsibility claims that the UK’s economy is expected to grow throughout 2012’s first quarter. He explained that the OBR expect the British economy… Continue Reading
The continuing improvement in the performance of the US economy in recent months has fueled a significant rise in auto sales. As confidence improves consumers feel better equipped to make new car purchases. There is also a larger than usual number of people replacing old cars due to the fact that they held off making… Continue Reading
This year’s World Bank Doing Business report has listed the top nine countries for startup businesses. The rankings consider the starting ease and conditions, as well as minimum cost, time and available assets. Rather surprisingly, the U.S. didn’t make the list. These countries did, however: New Zealand, with 1 day to start a business Australia,… Continue Reading
According to Joerg Asmussen, executive board member of the European Central Bank, it is now time for the ECB to begin planning its “exit strategy” from the unprecedented support the bank has used to prop up banks during the recent, and ongoing, debt crisis. “The time for an exit depends on what happens on the… Continue Reading
The Federal Reserve is still debating whether or not to embark on a third phase of quantitative easing, shorthand QE3, said William Dudley New York Fed president, a close confidant of Federal Reserve Chairman Ben Bernanke. Dudley believes that the economy’s recovery is still fragile, despite the recent signs of improvement. If not handled properly… Continue Reading
Despite global retail struggles and general confusion, the high-end luxury market in China appears to be peaking. In 2010, luxury goods sales raked in 212 billion yuan, growing an additional 25-30% in 2011. More than 60% of the retail burst was a result of designer brands like Cartier, Jaeger-LeCoultre, Christian Dior, Burberry, Prada and Gucci,… Continue Reading
Bolthouse Farms, producer of vegetable juices, is owned by a Chicago-based buyout firm, Madison Dearborn Partners, LLC. According to three individuals privy to knowledge on the issue, it appears that Madison Dearborn is at the moment considering either a sale of Bolthouse, or going public with an initial public offering. Madison Dearborn has owned Bolthouse… Continue Reading
Diary of a Hedge Fund Manager, by Keith McCullough and Rich Blake, discusses the hedge fund industry and provides an insider perspective on asset management. Some of the most memorable quotes include: "I might not have fully appreciated the value of preparation, but I’ve since found it trumps all else, in sports or business." "By… Continue Reading