Category: Markets

Corporate default rate expected to jump 30%

The U.S. corporate default rate is expected to jump 30% and hit 5.6% by June 2017, according to a jarring warning issued by credit-rating firm S&P Global Fixed Income Research. Financial stress applied mainly...

Teacher pay hits a record — but not a good one

The pay gap between public school teachers and workers in comparable professions is at the widest point ever, with wages for educators falling woefully behind. Teachers earned 17 percent less than other college graduates...

S&P, Nasdaq try for gains as stocks pare losses

U.S. equities traded roughly flat on Friday as investors digested disappointing economic data. The Dow Jones industrial average traded about 15 points lower, with Goldman Sachs contributing the most losses. The benchmark S&P 500...

Nasdaq closes at a new all-time high

Stocks ended slightly higher Tuesday, with the Nasdaq posting a record close as investors kept an eye on falling oil prices. “Certainly oil coming in and the close in the European session contributed” to...