The major stock indices (^DJI, ^IXIC, ^GSPC) all trading lower today. Keith Bliss of Cuttone and Company says an oversold U.S dollar is to blame for today’s moves. He notes that “inconsistent performance of the U.S. economy based upon the recent data,” isn’t helping matters either.
Here are some other stories Yahoo Finance is keeping an eye on today.
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The end of unemployment?
Chicago Fed president Charles Evans is reiterating his belief that the Fed needs to hold back on raising interest rates. Evans said that despite terrific progress in cutting unemployment, there’s no compelling reason to raise rates until inflation ticks up. Vice Chairman Stanley Fischer is also focusing on inflation, noting that unemployment is near its natural level of 5%.
Women in the C-Suite
Defense closing arguments continue this week in the gender discrimination lawsuit brought by Ellen Pao against her former employer, venture capitalist Kleiner Perkins. Pao claims the male-dominated Kleiner Perkins regularly prevented women from moving up the corporate ladder. The company denies that, saying she was a poor performer. How might this trial impact the fight for equality in the highest positions in corporate America?
TV vs. Netflix
Another win for “traditional” TV: Mulder and Scully are coming back. Fox (FOX) is planning to air a brand new six episode run of the “X Files,” 13 years after the Emmy winning sci-fi drama’s last season. The announcement comes just days following the finale of the network’s latest blockbuster hit, “Empire.” Is this how traditional networks are planning to do battle with the likes of Netflix (NFLX)?
- Unemployment Issues
- Budget, Tax & Economy