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Blunders may reveal real flaws in Clinton and Rubio
All those terrible things Hillary Clinton has done

Rubio in freefall in New Hampshire betting
Voter turnout in each U.S. state (24/7 Wall St.)
Americans giving up citizenship at record rate

In the U.S., socialism is no longer such a dirty word

Bill Clinton blasts Bernie Sanders as ‘the enemy of all things big’
Bill Clinton blasts Sanders as ‘enemy of all things big’
Republican Primary: 3 things to watch


Geithner gets investment aid from J.P. Morgan

These ‘Buffett stocks’ are bargains in this market

Why a selloff in European bank stocks is ominous
Bank stocks have taken enough: analyst

Hasbro blows past estimates as Star Wars boosts revenue
Hasbro blows past estimates on Star Wars boost
What to look for from Disney: Star Wars, ESPN

Randgold raises dividend after record output
Rio Tinto, 5 others quit London Metal Exchange
Moody’s cuts rating on W. Australia iron ore

Fundamentals are no longer relevant for gold
Anglo American CEO: Tough 2016 ahead

Venezuela can’t get Saudis to cut oil production
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Iran sets crude oil export volumes for Europe
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What are the 8 strongest S&P energy stocks?

Why Chipotle will close every store for a few hours on Feb. 8
Chipotle will close every store for a few hours today
VOTE: If not Chipotle, where would you eat?

China’s forex reserves poised for another record drop
China’s foreign-currency reserves drop $99 bln
Will China soon burn through its reserves?
When is China stock market closed for holiday?
Japan's current account surplus quadruples


Tesla earnings: Model 3 spending, Model X sales in focus
Tesla earnings: Model 3, Model X in focus
Disney, Coca-Cola headline earnings week

Ford to double Mexico factory capacity in 2018
Ford to double Mexico factory capacity

New refugee crisis is looming at Turkey’s border

Lehman Brothers lives on,
as a spirit

N. Korea faces new sanctions after rocket test
North Korea fires long-range rocket
The 6 most corrupt countries in the world


Investors dump stocks, scoop up bonds for 5th straight week
Investors again dump stocks, scoop up bonds
FANG stocks take big bite out of Nasdaq

20 dividend stocks that Wall Street loves the most
The 20 dividend stocks that Wall Street loves most
Dividend stocks that will give you a raise

23 stocks they’re throwing out with the bathwater

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Markets »

68.29MDow Volume:
Avg Vol: 128.61M
Unchanged
99
Decliners
5064
Advancers
1214
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 15,867 -338 2.08%
Nasdaq
/quotes/zigman/12633936/realtime 4,249 -114 2.62%
S&P 500
/quotes/zigman/3870025/realtime 1,841 -39 2.10%
GlobalDow
/quotes/zigman/629063/realtime 2,097 -42 1.96%
Gold
/quotes/zigman/33772884/delayed 1,195 +38 3.25%
Oil
/quotes/zigman/2260836/delayed 30.06 -0.83 2.69%
FTSE 100
/quotes/zigman/3173262/delayed 5,689 -159 2.71%
DAX
/quotes/zigman/2380246/delayed 8,979 -307 3.30%
CAC 40
/quotes/zigman/3173214/delayed 4,066 -134 3.20%
FTSE MIB
/quotes/zigman/1482176/delayed 16,441 -809 4.69%
IBEX 35
/quotes/zigman/2759620/delayed 8,122 -377 4.44%
Stoxx 600
/quotes/zigman/2380150/delayed 314 -12 3.54%
Asia Dow
/quotes/zigman/6959860/realtime 2,512 +2 0.07%
Nikkei 225
/quotes/zigman/5986735/delayed 17,004 +185 1.10%
Hang Seng
/quotes/zigman/2622475/delayed 19,288 +105 0.55%
Shanghai
/quotes/zigman/1859015/delayed 2,763 -18 0.63%
Sensex
/quotes/zigman/1652085/delayed 24,287 -330 1.34%
Singapore
/quotes/zigman/1709939/delayed 2,623 +65 2.53%
Euro
/quotes/zigman/16008136/realtime/sampled 1.12 +0.00 0.12%
Yen
/quotes/zigman/16008150/realtime/sampled 115.57 -1.30 1.11%
Pound
/quotes/zigman/16008140/realtime/sampled 1.44 -0.01 0.62%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.71 +0.00 0.40%
DXY Index
/quotes/zigman/1652083/delayed 96.91 -0.13 0.14%
WSJ $ Idx
/quotes/zigman/41508961/realtime 89.71 -0.10 0.11%
U.S. 10yr
/quotes/zigman/15866666/realtime 1.76 -0.08 4.12%
German 10y
/quotes/zigman/15866409/realtime 0.22 -0.08 26.83%
Italy 10yr
/quotes/zigman/15866497/realtime 1.70 +0.14 9.21%
Spain 10yr
/quotes/zigman/15866444/realtime 1.76 +0.11 6.81%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.41 -0.15 9.62%
Japan 10yr
/quotes/zigman/15866525/realtime 0.04 +0.01 25.61%
Crude Oil
/quotes/zigman/2260836/delayed 30 -1 2.69%
Gold
/quotes/zigman/33772884/delayed 1,195 +38 3.25%
Corn
/quotes/zigman/25518691/delayed 363 -3 0.68%
DJIA F
/quotes/zigman/48241424/delayed 15,833 -298 1.85%
S&P F
/quotes/zigman/43106711/delayed 1,840 -35 1.87%
Silver
/quotes/zigman/32655632/delayed 15 +1 3.97%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 99.46 -4.61 -4.43%
AAPL /quotes/zigman/68270/composite 94.19 0.17 0.18%
GOOG /quotes/zigman/59527964/composite 669.10 -14.47 -2.12%
BAC /quotes/zigman/190927/composite 12.25 -0.71 -5.44%
C /quotes/zigman/5065548/composite 37.83 -2.03 -5.08%
F /quotes/zigman/264304/composite 11.67 0.22 1.92%
T /quotes/zigman/398198/composite 36.77 -0.11 -0.30%
BP /quotes/zigman/247026/composite 29.70 -0.76 -2.50%
GE /quotes/zigman/227468/composite 27.89 -0.65 -2.28%
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Rates »

5 yr CD
1.3%
2 yr CD
0.7%
1 yr CD
0.5%
MMA $10K+
0.2%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.96% 11.88% 11.62%
Business 13.12% 13.11% 12.85%
Student 13.42% 13.42% 13.14%
Balance Transfer 14.35% 14.30% 14.12%
Airline 15.17% 15.16% 15.10%
Cash Back 15.26% 15.23% 15.27%
Reward 15.28% 15.25% 15.14%
Instant Approval 18.21% 18.18% 18.00%
Bad Credit 22.88% 22.88% 22.73%
Source:CreditCards.com

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Why You’re Not Getting a Raise

Didn’t get a raise this year? Blame inflation.

CREATISTA / Shutterstock.com

American wages didn’t budge last month, according to Labor Department data released Wednesday. And with inflation remaining at near zero, experts say it could be quite a while before many workers see their next raise.

While stagnant prices are a boon for consumers on supermarket checkout lines, they can be hard on workers’ bottom lines. Wages typically track inflation, soaring higher when prices take off. In fact, some say wages tend to feed inflation. That was the case in the 1970s, when wage growth picked up after prices soared. But pricing pressures are weaker today, with the consumer price index, a measure of inflation, unchanged in July from the previous month. The 1.4% increase from a year ago was also the smallest annual increase in nearly two years. That means companies have less pressure to raise workers’ wages, says John Lonski, a senior economist with Moody’s Capital Markets. “Cost-of-living increases have all but vanished,” says Lonski. “What companies are looking at is, What do they have to pay you to keep you from quitting your job?”

Pay is inching higher, but far more slowly than prior to the recession. The average base salary increased by 2.7% this year, the same rate as in 2011, according to a survey by human resources consulting firm Mercer. That figure was typically well over 4% in years past. And many job hunters, unable to find new positions that match previous jobs, are settling for lower-paying opportunities with fewer benefits, says Cole Wilcox, manager of the Longboard Managed Futures Strategy fund. Companies are also asking employees to work longer for the same pay in order to increase productivity without raising costs. “There’s always another person willing to do that job for a lower wage,” says Wilcox.

To be sure, employees are better off than they would be if prices started rising faster than wages. That could happen in the coming months as a crop shortage stemming from the drought pushes up prices on grains like corn, says Lonski. Gas prices, which rose in July for the first time in four months, could also creep up faster than wages in the coming months, he says. Those higher costs could leave consumers with less money to spend on nonessentials, which could hurt economic activity, he says.

Wage growth is also being hampered by reduced spending and shrinking credit card balances, experts say. Consumers hunkered down to pay off debt following the recession, a trend that continued in June when Americans’ total revolving debt fell $3.7 billion, to $864 billion, according to a report released last week by the Federal Reserve. That compares with $1 trillion in revolving debt in 2007. The fact that fewer consumers are willing to borrow to buy a new appliance or gadget lowers demand for goods, which helps to keep prices – and wages – stagnant, says Wilcox.

Comments

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Comments (5 of 15)

View all Comments »
    • Your logic, while widely acetepcd, isn’t necessarily accurate. The value of a piece of property only appreciates to the rate that someone is willing to pay for the property if the property is on the open market. Most people do not intend on selling their homes, nor are the valuations similar to what a party could get on the open market in most cases. Since city valuations are made on by using inexact comparable properties, i.e. a 4 bed/2 bath home to a 4 bed/2 bath home of similar build years, and not by taking into consideration the actual worth of the home on the open market. If something is not for sale, and never will be for sale, the home owners are being taxed on an illusionary increase in value that never will be recognized. This is much like a retirement account, however, those are not taxed at those appreciated rates until they are redeemed, since the actual value of the investment cannot be recognized until capitalized upon. Therefore, parties taxes on their homes, not unlike mine, have artificially risen at enormous rates without a comparable increase in my quality of life in Grand Forks.Finally, your article fails to acknowledge tax rates in surrounding communities. While I am admittedly lacking exact or concrete figures, I have been given the impression by many people that G.F. taxes are quite high. As a person who will be in G.F. for some time, I would greatly appreciate people involved in local government who are committed to slowing what I feel are unfair taxes on property.

    • I think pay increases are low because the average person is brainwashed into believing they cannot dare to challenge corporate interests, ie. we must sit quiet as a church mouse and not fight back when we get no raise or when corporate leaders send our jobs overseas. Or when small business owners in our communities hire undocumented workers right in front of us. Let’s just keep right on not standing up for each other and protecting each other.

    • Well, it’s the WSJ, so I guess it’s expected that they would tow the line. Inflation doesn’t drive wages higher; if the company has done their research right, the price point of a product should be optimized, and the only reason to change the price is to increase the profit margin or adjust for higher production costs.
      Who ever wrote this article must have an econ degree from a community college.

    • Don’t know about off-shored jobs. But if companies are
      basing wage increases off of Gov’t manipulated CPI then
      you are short-changed. Paying less for gas, healthcare,
      food, college tutition, etc …? This aged folk is still
      working to pay high cost of stuff above rather than being
      retired living on return of assets. Guess that is one
      less job available and it was in-shored.

    • lol – yeah it’s inflation, not corporations off shoring all the jobs.

About Real-Time Advice

  • How breaking news — in the markets, Washington, and around the world — affects you and your money. Have a question about how current events may change your financial future? Email us at ask@smartmoney.com.

MarketWatch - Stock Market Quotes, Business News, Financial News
Bulletin
Investor Alert

New York Markets Close in:

need to know
BioCryst shars plunge after disappointing study
Apollo Education Group to be taken private
Oil sinks again as fears of oversupply persist
Apple supplier Imagination Tech warns of loss
India is world's fastest-growing major economy
Volkswagen's quality-control chief resigns
White House to ask for Zika research funding
Struggling LeapFrog bought by VTech


Blunders may reveal real flaws in Clinton and Rubio
All those terrible things Hillary Clinton has done

Rubio in freefall in New Hampshire betting
Voter turnout in each U.S. state (24/7 Wall St.)
Americans giving up citizenship at record rate

In the U.S., socialism is no longer such a dirty word

Bill Clinton blasts Bernie Sanders as ‘the enemy of all things big’
Bill Clinton blasts Sanders as ‘enemy of all things big’
Republican Primary: 3 things to watch


Geithner gets investment aid from J.P. Morgan

These ‘Buffett stocks’ are bargains in this market

Why a selloff in European bank stocks is ominous
Bank stocks have taken enough: analyst

Hasbro blows past estimates as Star Wars boosts revenue
Hasbro blows past estimates on Star Wars boost
What to look for from Disney: Star Wars, ESPN

Randgold raises dividend after record output
Rio Tinto, 5 others quit London Metal Exchange
Moody’s cuts rating on W. Australia iron ore

Fundamentals are no longer relevant for gold
Anglo American CEO: Tough 2016 ahead

Venezuela can’t get Saudis to cut oil production
Only place left to invest if ‘Oilmageddon’ hits
Iran sets crude oil export volumes for Europe
Mark Mobius no longer investing in Petrobras


What are the 8 strongest S&P energy stocks?

Why Chipotle will close every store for a few hours on Feb. 8
Chipotle will close every store for a few hours today
VOTE: If not Chipotle, where would you eat?

China’s forex reserves poised for another record drop
China’s foreign-currency reserves drop $99 bln
Will China soon burn through its reserves?
When is China stock market closed for holiday?
Japan's current account surplus quadruples


Tesla earnings: Model 3 spending, Model X sales in focus
Tesla earnings: Model 3, Model X in focus
Disney, Coca-Cola headline earnings week

Ford to double Mexico factory capacity in 2018
Ford to double Mexico factory capacity

New refugee crisis is looming at Turkey’s border

Lehman Brothers lives on,
as a spirit

N. Korea faces new sanctions after rocket test
North Korea fires long-range rocket
The 6 most corrupt countries in the world


Investors dump stocks, scoop up bonds for 5th straight week
Investors again dump stocks, scoop up bonds
FANG stocks take big bite out of Nasdaq

20 dividend stocks that Wall Street loves the most
The 20 dividend stocks that Wall Street loves most
Dividend stocks that will give you a raise

23 stocks they’re throwing out with the bathwater

/conga/frontpage.html 367334

Markets »

68.29MDow Volume:
Avg Vol: 128.61M
Unchanged
106
Decliners
5070
Advancers
1214
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 15,867 -338 2.09%
Nasdaq
/quotes/zigman/12633936/realtime 4,249 -114 2.62%
S&P 500
/quotes/zigman/3870025/realtime 1,841 -39 2.10%
GlobalDow
/quotes/zigman/629063/realtime 2,097 -42 1.96%
Gold
/quotes/zigman/33772884/delayed 1,196 +38 3.27%
Oil
/quotes/zigman/2260836/delayed 30.06 -0.83 2.69%
FTSE 100
/quotes/zigman/3173262/delayed 5,689 -159 2.71%
DAX
/quotes/zigman/2380246/delayed 8,979 -307 3.30%
CAC 40
/quotes/zigman/3173214/delayed 4,066 -134 3.20%
FTSE MIB
/quotes/zigman/1482176/delayed 16,441 -809 4.69%
IBEX 35
/quotes/zigman/2759620/delayed 8,122 -377 4.44%
Stoxx 600
/quotes/zigman/2380150/delayed 314 -12 3.54%
Asia Dow
/quotes/zigman/6959860/realtime 2,512 +2 0.07%
Nikkei 225
/quotes/zigman/5986735/delayed 17,004 +185 1.10%
Hang Seng
/quotes/zigman/2622475/delayed 19,288 +105 0.55%
Shanghai
/quotes/zigman/1859015/delayed 2,763 -18 0.63%
Sensex
/quotes/zigman/1652085/delayed 24,287 -330 1.34%
Singapore
/quotes/zigman/1709939/delayed 2,623 +65 2.53%
Euro
/quotes/zigman/16008136/realtime/sampled 1.12 +0.00 0.12%
Yen
/quotes/zigman/16008150/realtime/sampled 115.56 -1.31 1.12%
Pound
/quotes/zigman/16008140/realtime/sampled 1.44 -0.01 0.62%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.71 +0.00 0.38%
DXY Index
/quotes/zigman/1652083/delayed 96.91 -0.14 0.14%
WSJ $ Idx
/quotes/zigman/41508961/realtime 89.71 -0.10 0.11%
U.S. 10yr
/quotes/zigman/15866666/realtime 1.76 -0.08 4.12%
German 10y
/quotes/zigman/15866409/realtime 0.22 -0.08 26.83%
Italy 10yr
/quotes/zigman/15866497/realtime 1.70 +0.14 9.21%
Spain 10yr
/quotes/zigman/15866444/realtime 1.76 +0.11 6.81%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.41 -0.15 9.62%
Japan 10yr
/quotes/zigman/15866525/realtime 0.04 +0.01 25.61%
Crude Oil
/quotes/zigman/2260836/delayed 30 -1 2.69%
Gold
/quotes/zigman/33772884/delayed 1,196 +38 3.27%
Corn
/quotes/zigman/25518691/delayed 363 -3 0.68%
DJIA F
/quotes/zigman/48241424/delayed 15,828 -303 1.88%
S&P F
/quotes/zigman/43106711/delayed 1,840 -35 1.88%
Silver
/quotes/zigman/32655632/delayed 15 +1 3.97%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 99.36 -4.71 -4.53%
AAPL /quotes/zigman/68270/composite 94.14 0.12 0.13%
GOOG /quotes/zigman/59527964/composite 667.95 -15.62 -2.29%
BAC /quotes/zigman/190927/composite 12.24 -0.71 -5.50%
C /quotes/zigman/5065548/composite 37.82 -2.04 -5.12%
F /quotes/zigman/264304/composite 11.66 0.21 1.79%
T /quotes/zigman/398198/composite 36.73 -0.15 -0.41%
BP /quotes/zigman/247026/composite 29.66 -0.80 -2.63%
GE /quotes/zigman/227468/composite 27.87 -0.67 -2.35%
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Rates »

5 yr CD
1.3%
2 yr CD
0.7%
1 yr CD
0.5%
MMA $10K+
0.2%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.96% 11.88% 11.62%
Business 13.12% 13.11% 12.85%
Student 13.42% 13.42% 13.14%
Balance Transfer 14.35% 14.30% 14.12%
Airline 15.17% 15.16% 15.10%
Cash Back 15.26% 15.23% 15.27%
Reward 15.28% 15.25% 15.14%
Instant Approval 18.21% 18.18% 18.00%
Bad Credit 22.88% 22.88% 22.73%
Source:CreditCards.com

Top 3 from Barron's

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