American stocks are the world's worst this year
American equities are badly underperforming markets around the world. Here’s why that trend could continue.
Posts From King World News
Bank of Japan's Nakaso warns market against betting on more easing
Bank of Japan Deputy Governor Hiroshi Nakaso has tempered market expectations that the bank will expand its stimulus program later this month, saying a cut in its inflation forecast would not be enough to justify more monetary easing. Nakaso, one of Governor Haruhiko Kuroda’s two deputies, said that while slumping oil costs have pushed inflation back to zero, rising wages and a steady economic recovery will underpin a long-term rise
Alibaba forms automotive, 'smart living' business units
SHANGHAI/BEIJING (Reuters) – China’s Alibaba Group Holding Ltd, the world’s biggest e-commerce company, has formed an automotive unit and a ‘smart living’ division in the past week, the firm said on Friday, …
IRS struggles to help victims of identity fraud
It’s been a challenging tax filing season for the Internal Revenue Service. The auditor’s reviews found that about 10 percent of the cases that the IRS claimed it had resolved were done incorrectly and were loaded with errors.
Wall Street's quiet week; GE makes a big move; Apple Watch day
Wall Street starting the last day of a quiet week…quietly; the deconstruction of General Electric continues as it exits most of its lending business; And watch the watch! The time is here for consumers to order the newest Apple gizmo.
Blackstone to buy Excel Trust for about $2 billion
(Reuters) – Real estate investment trust Excel Trust Inc said it would be bought by Blackstone Property Partners LP, part of Blackstone Group LP , for about $2 billion in cash. Blackstone Property will pay $15.85 per share, a premium of about 15 percent to Excel’s closing price on April 9. (Reporting by Avik Das in Bengaluru; Editing by Ted Kerr)
3 Things You Didn't Know About Government-Backed Loans
Filed under: Buying, Financing, Selling Shutterstock Conventional loans are the foundation of the mortgage industry. In a recent week, only about one in four prospective borrowers applied for a government-backed loan, according to survey data from the Mortgage Bankers Association. The Federal Housing Administration and the Department of Veterans Affairs basically insure home loans made by participating lenders. These loans tend to have more lenient credit and underwriting requirements compared
Central GoldTrust Responds to Misleading Statements by Polar Securities & Recommends That Unitholders REJECT the Polar Proposal
[Marketwired] – Central GoldTrust today responded to the misleading statements made by Polar Securities Inc. in its press release dated April 9, 2015.
GE to sell real estate holdings, sets $50 billion share buyback
(Reuters) – General Electric Co said it would sell nearly all of its real estate portfolio to investors including Blackstone Group and Wells Fargo & Co for $26.5 billion. The company also said its board had authorized a share repurchase program of up to $50 billion. The deal is the biggest commercial real estate deal since Blackstone’s acquisition of office landlord Equity Office Properties Trust in 2007 for $39 billion,
Friday, April 10: Today in Gold and Silver
NEW YORK (TheStreet) — The gold price got sold down back below $1,200 the ounce in two smallish bouts of selling during the Thursday trading session in the Far East, with the Hong Kong low coming shortly before 2 p.m. local time. The subsequent rally back above $1,200 spot got capped at the 8:20 a.m. EDT COMEX open—and by the London p.m. gold fix, the price was back in the