Stocks See Modest Gains As Dollar Weakens In Wake Of G20 Meet
Stocks saw modest gains to open the week on Monday, as the dollar weakened in the wake of comments from the G20 indicating little willingness of other nations to participate in devaluing their currencies.
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In U.S. Cybercrime Case, Track Record Indicates Russia Willing To Cooperate
While dozens of arrests were made last week by U.S. authorities investigating a multinational, multimillion-dollar fraud ring, not all those named in the case are in the United States. U.S. officials …
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Peso rises anew with Asian currencies, robust growth seen
MANILA, Philippines — The peso climbed in the first trading day of the week, buoyed by latest indicators of a robust growth for Asian economies, including the Philippines. The local currency closed a…
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PGA Tour Championship Is Like A Wall Street Payday
Atlanta, GA, United States (AHN) – It is a payday that would make a Wall Street hedge fund manager take notice.
The Tour Championship, the PGA Tour’s version of the Super Bowl, is a cash bonanza. There is huge money there for the taking at the East Lake Golf Club outside Atlanta this week.
And get this, with only 30 players left to divide the spoils, the rich get richer this time of year on the PGA Tour.
The Tour doesn’t like to talk about money. It prefers to talk about all the dollars that are donated to charity over the course of a long golf season. But the fact remains that even the unlucky guy who finishes dead last on Sunday, will walk away with $295,000.
Not bad for hitting four days worth of substandard golf shots, but just chump change compared to the top of the heap.
The FedEx Cup bonus pool, the cash carrot that has been dangled in front of the tour’s players all season, starts with a whopping $10 million to the winner. The top five players who have emerged from three weeks of “playoffs” leading up to this money-grab opportunity, have the best chance of carting off the $10 million.
The $10 million is just for the winner, there is a total pot of $35 million that will come into play on Sunday.
Matt Kuchar, who lives near East Lake for the time being, but will soon call Sea Island on the coast of Georgia his new home, is first in the standings and naturally has the best chance to win it all. He’s followed in the top five by Dustin Johnson, Charley Hoffman, Steve Stricker and Paul Casey.
So you don’t finish first and win “The Cup” — no problem. Would you settle for a mere $3 million? The overall FedEx Cup runnerup banks that amount. Third place, $2 million, fourth $1.5 million and fifth, a lousy $1 million.
It’s like a Wall Street bonus payment week.
Tenth in the final standings still warrants a $500,000 payday.
Oh, and don’t forget the prize money for the Tour Championship. There’s still $7.5 million to pass out there. There’s the measly $1,350,000 to the winner, $810,000 to the runnerup, $517,000 for third, $360,000 for fourth and $300,000 to finish fifth.
Last man in the field pockets $120,000 with the chance for another $175,000 from the FedEx pool.
Nice work if you’re good enough to have a tour card and finish in the top 30.
However, the world’s richest golfer won’t get richer this week.
Tiger Woods, the top-ranked player in the world, did not earn a spot in the championship and he’ll have to be content to keep working on his game for the upcoming Ryder Cup matches.
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Dollar slides after Fed, market wary of intervention
The dollar fell on Wednesday to its weakest level on the yen since Japan intervened last week, fuelling speculation of more intervention after the Federal Reserve raised expectations it would print more dollars to help the U.S. economy.
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Central Bank’s Intervention Succeeds In Weakening the Yen
Last week’s most significant development in global currencies was without a doubt the Bank of Japan’s (BoJ) decision to intervene in the national currency’s trading for the first time since 2004. As a result, the yen fell about 150 pips vs. the U.S. dollar, and about 500 pips against both the euro and the British pound.
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Arsenal tipped for Euro glory
ARSENAL’S 6-0 demolition of Braga in the Champions League last week has left the Portuguese tipping the Gunners as potential winners.
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Gold – Another Record Week….
This week the Gold market covered a range of $42.10 while making new all-time highs ($1284.40). The lack of confidence in Global Regulators as well as a lack of confidence in the fiat currencies continues to lead investors into “safer haven” tangible assets.
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Japan Throws A Dime To American Debt Junkies
Helping to keep America spending This week, after the Japanese yen had surged to a fifteen-year high against the U.S. dollar, the Japanese government decided to intervene in the foreign exchange ma…
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Japan Throws A Dime To American Debt Junkies
Helping to keep America spending This week, after the Japanese yen had surged to a fifteen-year high against the U.S. dollar, the Japanese government decided to intervene in the foreign exchange ma…
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- GM CEO: Earnings good, but not good enough
- Chinese companies buying automaker Saab
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- Chrysler has best September since 2007
- Honda recalls million cars worldwide
- General Motors to manufacture plug-in Cadillac ELR plug-in hybrid electric car
- GM earnings soar 92 percent on global sales
- Volkswagen postpones MAN supervisory board takeover
- Business Loans
- Consumer credit card debt down
- Remittances to developing countries rebound
- Fixed mortgage rates steady near 4 percent
- Bank fee hike gives credit unions a boost
- Study: Canadians want to retire at 63
- Study: Growing number of college grads filing for bankruptcy protection
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- Monthly Payments Lowered on Defaulted Debt?
- Number of hacked Citi credit card accounts rises to 360,000
- Virgin Atlantic pilots vote to strike over lack of pay increase
- Private Personal Loans
- personal loans
- U.S. Treasury should make $15 billion profit on AIG bailout
- Costco to offer mortgages
- Medicare to tie doctors’ pay to quality, cost of care
- Report: E-books encouraging reading in America
- Justice Dept. Broadens Investigations of Terrorism in Private Records
- Gold falls following Fed policy decision
- Average rate on 30-year fixed mortgage falls to 3.9 percent
- Stocks cross 13,000 for first time since May 2008
- CIA site down, Anonymous claims responsibility
- Mass. Governor Patrick disappointed in Bruins goalie’s snub of Obama
- Personal and Business Loans
- Moody’s downgrades credit of 26 Italian banks
- Initial unemployment claims drop by 1,000
- Fannie Mae not seeking new bailout funds after good quarter
- Mortgage rates fall to record low
- Spain, economic data weigh on U.S. stocks
- Costco to offer mortgages
- U.S. stocks mixed Thursday on weak jobless claims
- Short sales up in housing market
- Beyond the drought – ‘Families will disappear’
- Job growth weaker in March than prior three months
