Cynk shares rise 23,000 percent, SEC suspends trading
After Cynk shares rise 23,000% in just one month, the US Securities and Exchanges Commission (SEC) suspended trading until July 24. According to the...
Canadian consumers using savings to fuel demand
Canadian consumers have been driving GDP growth by dipping into their savings rather than borrowing, says a new report from CIBC World Markets. First...
Underwriters influence stock prices
Researchers found that underwriters influence stock prices. Companies that use the same lead underwriter tend to have stock prices that move in unison, a...
American inequality widened from 2000 to 2011
From 2000 to 2011, American inequality widened, says the Census Bureau. Median household net worth increased among the top 40% (top two quintiles) of...
Canada’s trade surplus widens in July
Canada’s trade surplus widened to $2.6 billion in July from $1.8 billion in June as exports rose +1.4% and imports declined by -0.3%, according...
Wage theft in America is a ‘nationwide epidemic’
Wage theft in America is costing workers as much as $50 billion annually, according to a new Economy Policy Institute (EPI) Report. The authors...
UK Leading Economic Index up slightly in July
The UK Leading Economic Index (LEI) was up by 0.1% in July, while the Coincident Economic Index (CEI) remained unchanged, says The Conference Board.
The...
EU needs massive stimulus
Finance ministers met on Saturday and told the European Commission that the EU needs a massive stimulus to bolster growth. All options are being...
Calpers decided to stop investing in hedge funds
The largest pension fund in the US, Calper (the California Public Employees’ Retirement System), has decided to put an end to its hedge fund...
Irish economic boom is back
The Irish economic boom is back. The Republic of Ireland posted 1.5% GDP growth for the second quarter of 2014 compared to the previous...