"Huge uncertainties" over Greece, dollar will delay Fed rate hikes: Kotok
Fed officials keep talking about raising rates but the Greek debt drama is another mitigating factor likely to delay any move, possibly into 2016.
MONEY (MSM)
Obama to expand overtime eligibility for millions of workers
The Obama administration plans to raise the wages of millions of Americans who work more than 40 hours a week by requiring employers to pay them overtime. Workers who earn as much as $970 a week would have to be paid overtime even if they’re classified as a manager or professional, according to a plan outlined on the Department of Labor website Tuesday. The White House issued a fact sheet
Why Greece is just a sideshow for the Fed
Greece is engulfed in a crisis that could end with its exit from the euro zone, but analysts say this does little to change the U.S. rate outlook.
Wall Street falls as Grexit fears grow, volatility spikes
U.S. stocks extended their losses in heavy trading on Monday, adding to a global selloff, after a collapse in Greek bailout talks intensified fears that the country could be the first to exit the euro zone.
Oil hits three-week lows as Greece crisis worsens; eyes on Iran
Crude futures hit 3-week lows on Monday as Greece shut its banks and imposed capital controls, causing widespread risk aversion, while Iran looked likely to extend nuclear negotiations with the West to export more of its oil into an oversupplied market. Also, the Iran deadline for a nuclear pact could be pushed out by a week or so from tomorrow, so it’s a risk-off day,” said Tariq Zahir, an oil
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Will distance from Greece save U.S. markets?
China, Greece, Spain, and Puerto Rico may be shaken but should U.S. investors worry?
Global markets slide on Greek crisis fears
A deepening Greek crisis hit global markets on Monday, with the DAX and CAC falling 3.5 percent and U.S. futures indicating a sharply lower open.
US pending home sales climb to 9-year high
More Americans signed contracts to purchase homes in May, as pending sales climbed to their highest level in more than nine years. The National Association of Realtors said Monday that its seasonally adjusted …
Americans can't sell stocks fast enough as rally tops flows
As hard as investors try to wean themselves off stocks, the habit is proving impossible to kick. In a year when fund clients pulled about $60 billion from equities, the value of shares has climbed by $527 billion, pushing the total owned by households to $20 trillion.