Industry

Briefly:

The latest results of the RBC CASH (Consumer Attitudes and Spending by Household) Index show that more than half of U.S. consumers believe the economy is on the track to recovery. “Better-than-expected news about the economy and corporate earnings is helping consumers to recognize that the worst is behind us,” said RBC Capital Markets managing […]

By Staff |May 7, 2009

3 min read

Sprott questions logic of rally

Being a contrarian can hurt sometimes, especially when the markets are enjoying a broad upswing. For Canada’s most vocal bear, the latest rally is doing little to change his mind. Eric Sprott, president and CEO of Sprott Asset Management, acknowledges that his portfolios have taken a bit of a beating, especially among the short positions […]

By Steven Lamb |May 7, 2009

3 min read

Pundits cynical about bank stress tests

Confidence is not high. So say the majority of critical thinkers handicapping the expected results of stress tests being performed on the largest U.S. banks. The results are scheduled for release on May 7 — provided they’re not delayed a second time. Needham, Massachusetts-based think tank Tower Group expressed concerns about the test methodology, saying […]

By Philip Porado |May 6, 2009

3 min read

Millionaires feeling less wealthy

A million dollars just isn’t what it used to be. A survey of American millionaires conducted by Fidelity Investments found that nearly half (46%) do not feel particularly wealthy and are looking for ways to rebuild their wealth. These survey respondents were not simply millionaires in name alone; they had an average of $3.5 million […]

By Steven Lamb |May 6, 2009

3 min read