Philadelphia, Pennsylvania – (StockNewsDesk) – 10/06/2014 — Non-farm payrolls for September came in above expectations with 248,000 hires, pushing the unemployment rate to a post crisis low. The unemployment rate fell from 6.1% to 5.9%, nearing the Fed’s original target for open-ended QE. This jobs report was encouraging in almost all facets. One indication of concern was […]
Personal income Growth results in U.S. consumers spending
Philadelphia, Pennsylvania – (StockNewsDesk) – 09/29/2014 — Recent consumer spending data came in higher than expected, continuing the positive momentum to the US economy and progress for the consumer balance sheet. Increase of 0.5% The Commerce Department reported that consumer spending rose 0.5% in August compared with the previous year. This was above the median forecast of […]
Allianz’s trying to save Pimco’s prestige after Bill Gross shock exit
Philadelphia, Pennsylvania – (StockNewsDesk) – 09/28/2014 — Financial pundits and market participants were shocked by the news on Friday that bond king, Bill Gross, would be leaving the firm he founded, Pimco to join Janus Capital Management. Success at PIMCO Gross’ investing record is legendary, similar to a Warren Buffett, as he grew his startup; investment management […]