Word: pricedness
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Mutual funds run by managers tout their stock-picking prowess. But over the past 12 months, only 40% beat the returns of funds pegged to broad market indexes. And the index funds offer lower fees and taxes. Little wonder they're growing far faster. Consider funds like the Vanguard Index...
That's good news for high tech companies that don't want to pay much for labor, and bad news for older American tech workers who will continue to be priced out of the market. Indeed, the White House has threatened to veto the bill because of its dubious effect...
Another big (though counterintuitive) signal that executives believe stock prices have gone too high is the recent wave of bank megamergers. Little or no cash will change hands, only some high-priced stocks. Had any of the parties involved been required to lay out real money, they would have walked...
On Saturday Harvard students were treated to a new kind of Springfest: rather than high-priced bands, they got the chance to let loose, be silly, slide down two-story slides, play in an inflatable castle and joust with their best friends.
The Mach3 will arrive in stores in July, priced at $6.29 to $6.79 for four cartridges, or 35% more than Gillette's Sensor Excel. It will be promoted by a $300 million marketing budget that will include an ad involving a jet producing three sonic booms before morphing into a...