Why are investors suddenly fleeing from stocks?
Right now our inflation rate is around 1 percent. But some at the Fed say that's way too low. The hope is to see inflation go up. But why on earth would we want to increase inflation?
When it comes to wellbeing, Costa Rica tops the list of countries in Latin America. That’s according to new data from the Social Progress Imperative, an organization which aims to understand how countries are performing on a variety of measures including health, education, technology, and opportunity.
It was a rough week for tech and bio-tech stocks. And in Marketplace's Weekly Wrap segment, Leigh Gallagher, editor of Fortune Magazine, and Sudeep Reddy, from the Wall Street Journal, recap the week's financial news.
This week's market slump was driven in large part by big-name tech companies, and on Thursday, the Nasdaq Composite slumped 3.1 percent, its biggest decline since November 2011.
"We're seeing this increasing skittishness, and whether it's related to Candy Crush's IPO or tech stocks this week or JP Morgan today, if you pull really far back, last year the market was pretty boffo. It was up 30 percent," says Gallagher. "And the whole world knows that we're not going to do that again this year."
Was last year's market performance a little too bananas?
"Bananas, boffo, I'll give you another b-word: bubble," says Reddy. "We've spent so much time thinking about bubbles... that we've actually lost sight of some of the more fundamental issues like corporate earnings and economic expectations. And we'd have to see some pretty remarkable economic growth and profit growth to support where the stock market has been the past couple of months."
The moves comes after Congress approved legislation aimed at denying entry to Hamid Aboutalebi, who was part of a student group that seized the U.S. Embassy in Tehran in 1979.
If you think beer pong and mud wrestling are odd contests, you should check the history books.
When it comes to well-being, Costa Rica tops the list of countries in Latin America.
When it comes to well-being, Costa Rica tops the list of countries in Latin America. That’s according to new data from the Social Progress Imperative, an organization which aims to understand how countries are performing on a variety of measures including health, education, technology and opportunity.
Stephen Keppel, who covers economics at Univision, joins Marketplace Morning Report host David Brancaccio to explain why Costa Rica performs so well. Click on the audio player above to hear more.Marketplace Morning Report for Friday, April 11, 2014Interview by David BrancaccioPodcast Title Alternative indicator gives high scores to Costa RicaStory Type News StorySyndication SlackerSoundcloudStitcherSwellPMPApp Respond No
Here's an extended look at what's coming up next week:
On Sunday, the final season of "Mad Men" premieres. I had to put on my go-go boots and pour myself a martini for that tidbit.
On Monday, while we all drink heavily at a business meeting we've dressed up and styled our hair for, the Commerce Department is scheduled to report retail sales data for March.
On April 14th, 1939 John Steinbeck's "The Grapes of Wrath" was first published. The depression era novel went on to win the Pulitzer Prize. Speaking of the Pulitzers, Prizewinners are scheduled to be announced on Monday.
Did consumers pay more or less for stuff in March than they did in February? On Tuesday, the Labor Department issues its Consumer Price Index. And it's tax day. An American tradition.
That brings us up to hump day. We'll get numbers on construction of new homes for March. And the Federal Reserve releases its latest Beige Book summary of commentary on current economic conditions.
Wondering why I'm not talking about any hearings on Capitol Hill? It's because Congress is on recess.
Markets are closed for Good Friday.
Television host and comedian Conan O'Brien turns 51.
And since we here at Datebook love cheese, let's end with this deliciousness: April is National Grilled Cheese Month. Start melting.