Greek Drama Plays Out on Global Stage

  The second quarter ended with all eyes on Greece after the country failed to reach an agreement with its creditors. The impasse resulted in shuttered banks and imposed capital controls, at least until a July 5 referendum on whether to accept further austerity measures in exchange for a European bailout. The Mediterranean country also… Continue Reading: Greek Drama Plays Out on Global Stage

Markets Prove Resilient Despite Topsy-Turvy May

May brought a flurry of market and economic information for investors to mull. First-quarter gross domestic product (GDP) fell at a 0.7% annual rate, revised down from a lackluster 0.2% gain. Corporate profits also fell, reflecting a stronger dollar, weakness abroad, adverse winter weather and possibly some seasonal adjustment issues. Pending home sales, however, climbed… Continue Reading: Markets Prove Resilient Despite Topsy-Turvy May