Word: recessional
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The melody isn't quite so sweet, however, once you get below the very top end of the market. Sales of midlevel violins - those valued under $100,000 - have weakened like nearly everything else in the recession.
The data keep reinforcing the story that the U.S. economy has turned a corner and should be out of recession sooner rather than later. The latest strong signal came on Friday, when the Labor Department's May employment report showed a dramatic slowing in job losses, to 345,000, down...
But there are tides, and there are currents. I keep thinking of something I heard Mohamed El-Erian, CEO of bond-investing giant Pimco, say at a conference in April: "We are so focused on whether recovery will be at the end of this year or the beginning of the...
It's a question with lots of facets. What will consumer spending look like? What will government deficits look like? What will my hair look like? But some of the most crucial unknowns have to do with corporate profits. Profits are, after all, what stock prices are supposed to be...
The European elections are the first big test of public opinion before September's general election in Germany, and Chancellor Angela Merkel's Conservatives emerged as the clear winners. The ruling Christian Democratic Union (CDU) and its sister party in the state of Bavaria, the Christian Social Union (CSU), won...