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2016-05-31

Metals Stocks: Gold on track for 6% May drop as rate fears rise

Gold futures traded at a 3 1/2-month low near $1,200 per ounce Tuesday and are now down about $100 from a 15-month high struck in early May as anticipated higher interest rates continue to dent the precious metal.

posted 2016/05/31 by MarketWatch.com - Top Stories

The Wall Street Journal: U.S. Chamber of Commerce launches ‘Save the Senate’ bid

The country’s biggest business lobby will launch an initiative Tuesday to deploy influential Republicans to raise funds for tight Senate races, hoping to keep the GOP from losing control of the chamber in November.

posted 2016/05/31 by MarketWatch.com - Top Stories

NewsWatch: Three reasons why the S&P 500 is primed and ready for big gains

It’s summertime, get ready to be nimble and quick. Our call of the day says some big gains could be on the way for this market, and as soon as this week.

posted 2016/05/31 by MarketWatch.com - Top Stories

Economic Report: City by city look at U.S. house prices shows every metro gaining ground

The biggest home price gains are still in the Northwest and West, but there’s sturdy growth everywhere, according to the S&P/Case-Shiller index.

posted 2016/05/31 by MarketWatch.com - Top Stories

The New York Post: Swedish ex-intern seeks to collect agreed fees for Wall Street CEO’s inappropriate tweets and alleged harassment

Disgraced financier Benjamin Wey signed a contract agreeing to pay a former intern $10,000 for every tweet he writes bad mouthing her and another $50,000 for each time he tries to communicate with her, court papers show.

posted 2016/05/31 by MarketWatch.com - Top Stories

Economic Report: Consumer spending jumps 1% in April

Consumer spending leaped 1% in April to mark the biggest gain in almost seven years, as Americans splurged on new cars and trucks. Higher gas prices also contributed.

posted 2016/05/31 by MarketWatch.com - Top Stories

Capitol Report: Some in China may prefer Trump to Clinton | Sanders says Warriors win ‘good omen’ | Obama overtime plan threatens ‘Prada’ economy

Why some in China may prefer Donald Trump to Hillary Clinton; Bernie Sanders says the Golden State Warriors’ win was a ‘good omen’ for his campaign; the Obama administration’s overtime plan threatens the ‘Devil Wears Prada’ economy; and more.

posted 2016/05/31 by MarketWatch.com - Top Stories

In One Chart: Why the window for stock-market bears is ‘closing rather quickly,’ in one chart

While it’s been more than a year since the S&P 500 hit its record high, that’s not necessarily a reason for market bears to celebrate.

posted 2016/05/31 by MarketWatch.com - Top Stories

The Wall Street Journal: Nuns with guns: The strange day-to-day struggles between bankers and regulators

Banks are awash in new regulations, and growing armies of rule enforcers are forcing striking changes on banks’ internal cultures.

posted 2016/05/31 by MarketWatch.com - Top Stories

Need to Know: Three reasons why the S&P 500 is primed and ready for some big gains

It’s summertime, get ready to be nimble and quick. Our call of the day says some big gains could be on the way for this market, and as soon as this week.

posted 2016/05/31 by MarketWatch.com - Top Stories

The Wall Street Journal: Starbucks adds Nitrogen-infused coffee and other summer drinks

The offering will be made available at seven U.S. cities, including San Francisco, New York and Los Angeles.

posted 2016/05/31 by MarketWatch.com - Top Stories

Jazz Pharmaceuticals to Buy Celator for about $1.5 Bln

Jazz Pharmaceuticals PLC agreed to buy Celator Pharmaceuticals Inc. in a roughly $1.5 billion deal that represents a huge premium for a company with a promising leukemia drug but no revenue.

posted 2016/05/31 by MarketWatch.com - Top Stories

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