BlackRock: U.S. stocks to offer 6 to 8 percent returns
Fund manager BlackRock remains bullish on stocks, particularly in the United States and in emerging markets, forecasting U.S. equity markets will offer annual returns of 6 to 8 percent over the next several years. Read Full Article here.
Gold sets record high above $1,040 per ounce
Gold surged to a record high above $1,040 per ounce on Tuesday, as investors piled into the metal to preserve the value of their dollar-denominated assets against erosion by a weakening dollar and inflation. Read Full Article here.
Consumer credit expected to keep falling
U.S. consumers, who have been cutting their use of credit from all-time highs last year, are likely to keep reducing commitments if the trend continues in the latest report for August due tomorrow from the Federal Reserve. Read Full Article here.
Bonus policies not impacting risk appetite: poll
Wall Street firms are changing their bonus policies, but the revisions are not cutting back the street's appetite for risk, according to a survey by eFinancialCareers.com. Read Full Article here.
Verizon to sell 2 Google phones this year
Verizon Wireless said on Tuesday it will sell two mobile phones with Google Inc's Android operating system this year, part of a partnership that could boost Google's efforts to challenge Apple Inc in the fast-growing smartphone market. Read Full Article here.
Notebook PCs outpace weak back-to-school sales
While most retailers saw bleak sales this back-to-school season, consumer electronics chains saw renewed demand for notebook personal computers, according to a report from market research firm NPD Group. Read Full Article here.