Worry has taken over world stock markets (Photo: Reuters)
The US stock market, it appears, won’t dodge the Japanese earthquake. Up until Tuesday, US investors had mostly shrugged off the horrific events in Asia. And now, it seems, no stock is safe. Not even the cute Aflac duck. Shares of Aflac stock were down 10%
Shares of US …
Not because, well, because they’re bugs—but because it turns out they’re as expensive as beef or caviar.
Now through March 20, all pants, skirts, and jackets at The Limited are marked down by 40%. Certain shirts, tops, and jewelry is also on sale on a buy-one, get-one free, or buy-one, get-one 50% off basis.
The Japanese earthquake has taken the chance that we will be paying $5.00 a gallon gas by summer down from a good to nearly zero. That’s not to say that the US will avoid an economic impact from the Japan quake. Investors all of a sudden do seem spooked about Japan. US stocks opened down 300 points on Tuesday. But the hit we take won’t …
A small portion of Bank of America credit card customers will soon be hit with all-new $59 annual fees. Who, exactly, will be assessed the fees? For the most part, it’s the customers who will find it the most difficult to walk away from their accounts.
Among the nominees are AT&T, Best Buy, Bank of America, and Comcast (last year’s “winner”), along with the world’s largest retailer (Walmart), and Apple and Microsoft—which both happen to also be on Fortune’s list of the World’s Most Admired Companies.
Plenty of rich people don’t really feel particularly well off. In a new survey of millionaires, the magic number—the amount they’d need to feel truly rich—seems to be $7.5 million.
Through March 14 only, use the coupon code TWENTYFIVE (pin: 9383) to get 25% off your entire purchase at Lands’ End.
The brilliant thing about money is that it’s entirely interchangeable. A hundred pennies equals a dollar, and 40 quarters has the same value as a $10 bill. So why would people be willing to give away nearly 10% of the value of one kind of money just to have it swapped into another form of cash?
As rescue teams and government officials sort through the rubble caused by Friday’s earthquake and tsunami, we’re getting a clearer picture of the damage done by the catastrophe – and it doesn’t look good. Perhaps Japanese Prime Minister summed up the situation best when he said the quake presented the worst crisis for Japan …
There is something inherently callous about discussing the economic impact of a natural disaster. The human toll is always of much greater concern and importance than anything happening in the realm of finance. However, us economics types can’t help but immediately begin speculating on what the impact might be, and economists around …
Unfortunately, earthquakes and Tsunamis have a much larger human toll than economic. And that is likely to be true in Japan as well.
Still, the 8.9 magnitude earthquake and resultant Tsunami that hit Japan near the city of Sendai on Friday comes at a time when that country’s economy was already vulnerable. The Japanese economy was hard …
