Barring an unforeseen, exogenous event, this is how the bull market will end: The Federal Reserve will push interest rates higher until the economy slows and corporate earnings tumble.
Standard & Poor's declared Argentina in default on its foreign-currency obligations after the government missed a deadline for paying interest on $13 billion of restructured bonds.
People take pictures in front of a Snapchat sign in Venice Beach last year. (Patrick T. Fallon / Bloomberg). By Andrea Chang, Paresh Dave contact the reporters · StartupsFinanceSnapchat, Inc.Alibaba GroupEconomy, Business and FinanceConsumer Goods ...
... * Fed reduces asset purchases, upgrades economy assessment. * GDP shows stronger economic growth than expected in Q2. * Twitter shares rally a day after results.
The dollar held gains versus major peers, trading near its strongest level against the yen since April, while Australian bonds followed Treasuries lower after the U.S.