Jan 20
As discussions over the restructuring of Greek debt hit another roadbump in Europe, major indices were flat or slightly down today. Louisiana received good news about its jobless rate, which went down from 6.9 percent in November to 6.8 percent in December, almost a full percentage drop year over year. In corporate news, Yahoo met investors’ expectations for its Q4 profit, however its revenue fell short of expectations. Meanwhile, Apple broke its previous record by over 50 percent, with more than $13 billion in profits and $46 billion in revenue.
Word on the Street
- Talks about restructuring Greek debt have hit yet another setback.
- Bank of America is reported to be cutting investment banker compensation by 25 percent.
- Yahoo’s Q4 profits met analyst expectations.
- Louisiana’s jobless rate fell in December month over month as well as year over year.
- Apple had a record breaking Q1 in terms of profit and revenue.
Interesting Tidbits
- Consumption spending has already recovered.
- Is it time to fight the Fed?
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- Ka-ching! Huge Wall St. paydays returneven as economy remains mired
- Mortgage Rates Slip Deeper into Record Territory
- New Home Sales Hit Record Low
