Archives for August 2014

August 2014 - Page 23 of 24 - Money Morning - Only the News You Can Profit From

U.S. Stock Markets Look to Bounce Back Today After Last Week's Huge Losses

Stock market today, August 4, 2014: U.S. stock markets slumped again Friday despite positive news on the employment front. The U.S. economy added another 209,000 jobs in July, a sixth-consecutive monthly gain. However, the estimate fell short of economists' expectations, and the unemployment rate increased to 6.2% as more Americans search for work. The S&P 500 posted its largest weekly loss since April.

This week, two bellwether companies will report their earnings: American International Group Inc. (NYSE: AIG) and The Walt Disney Co. (NYSE: DIS).

Here’s the news that will be moving the U.S. stock markets today:

Recession Safeguards Are Coming Under Heavy Attack

Lackluster economic growth in the U.S. has nothing to do with financial services regulatory overreach inherent in new Dodd-Frank rules – as some neo-conservatives would have the American public believe.

Let me say, I'm a staunch fiscal conservative. I am a dyed-in-the-wool free markets entrepreneur. But there's a world of difference between free markets and a free-for-all for financial services oligarchs and officers.

In a July 21, 2014 American Banker article commemorating the four-year anniversary of the signing into law of the Dodd-Frank Wall Street Reform and Consumer Protection Act, Paul H. Kupiec, a resident scholar at the American Enterprise Institute, makes the misguided case that Dodd-Frank is what's holding back the recovery.

Here's a look at how a recession prevention backstop is coming under siege…

Dow Jones Today Slips Another 32 Points, Plus FB's Outage, PG Earnings

Dow Jones today, August 1, 2014: U.S. markets slumped again Friday despite positive news on the employment front. The U.S. economy added another 209,000 jobs in July, a sixth-consecutive monthly gain. However, the estimate fell short of economists' expectations, and the unemployment rate increased to 6.2% on more Americans searching for work. The S&P 500 posted its largest weekly loss since April.

Now, here are the top stories from today...

July Jobs Report: Growth Slows, Slack Lingers in U.S. Labor Market

U.S. job growth slowed more than expected in July, resulting in an unexpected rise in the unemployment rate, according to the July jobs report just released today (Friday) by the U.S. Department of Labor.

After surging (a revised) 298,000 in June, nonfarm payrolls increased by 209,000 last month. The unemployment rate ticked up to 6.2% from 6.1%.

Here are 12 key takeaways from the closely watched July jobs report…