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2016-05-24

The Wall Street Journal: Sumner Redstone’s daughter Shari accused of manipulation in fight for Viacom

The power struggle atop Sumner Redstone’s $40 billion media empire intensified Monday as two longtime lieutenants ousted last week sued his daughter, accusing her of manipulating the aging mogul to stage a coup.

posted 2016/05/24 by MarketWatch.com - Top Stories

Economic Report: New home sales roar back, crushing forecasts with a 619,000 annual pace in April

Sales were at their highest in more than 8 years, a sign builders may be getting the hint that demand for housing remains robust

posted 2016/05/24 by MarketWatch.com - Top Stories

The Tell: Millennials have some pretty unrealistic ideas about money — and think they will work until 90

Here’s what millennials expect when it comes to paychecks, retirement and financial advice, according to an engaging Morningstar UK video.

posted 2016/05/24 by MarketWatch.com - Top Stories

Professor Angelina Jolie? Actress to teach at London School of Economics

Oscar-winning actress Angelina Jolie Pitt is taking on a new role later this year, joining the acclaimed London School of Economics as a visiting professor for a new course on women’s rights.

posted 2016/05/24 by MarketWatch.com - Top Stories

The Wall Street Journal: Malaysia’s 1MDB defaults on $1.75 billion bond

Troubled Malaysian state investment fund 1Malaysia Development Bhd. confirmed Tuesday that it defaulted on a $1.75 billion bond issue, triggering cross defaults on two other Islamic notes totaling 7.4 billion ringgit ($1.9 billion).

posted 2016/05/24 by MarketWatch.com - Top Stories

BookWatch: What would happen if we shut down the Federal Reserve?

John Tamny’s new book, “Who Needs the Fed?,” argues that we could live without the central bank.

posted 2016/05/24 by MarketWatch.com - Top Stories

In One Chart: For the first time in 130 years, more young Americans live with their parents

Young adults are more likely to live in their childhood home than independently.

posted 2016/05/24 by MarketWatch.com - Top Stories

The Wall Street Journal: Right on housing and Greece, Kyle Bass slips on oil

Hedge-fund manager Kyle Bass made a killing when the mortgage bubble popped. He wasn’t as lucky with the oil bust.

posted 2016/05/24 by MarketWatch.com - Top Stories

Metals Stocks: Gold tracks 5th straight loss as higher-rate sentiment holds

Gold futures logged a fifth straight drop on Tuesday, keeping prices pinned at their lowest in several weeks amid expectations the Federal Reserve will nudge interest rates higher and cut demand for holding precious metals.

posted 2016/05/24 by MarketWatch.com - Top Stories

NewsWatch: Why the ‘big top’ is already in for this stock market

It’s another day that looks like tough going on the markets, but thanks to some Fed chatter and a scattering of charts, some are talking about a top for stocks around the corner.

posted 2016/05/24 by MarketWatch.com - Top Stories

The Wall Street Journal: AIG will offer insurance to crowdfunding investors

American International Group is giving crowdfunding a try. Not to raise money for startups, but to profit off investors’ concerns about being ripped off as they invest in small businesses through this new type of funding.

posted 2016/05/24 by MarketWatch.com - Top Stories

Capitol Report: Most voters say Trump should release tax returns | IRS chief to skip impeachment hearing | Clinton rejects debate with Sanders

Most voters say Donald Trump should release his tax returns; IRS chief is skipping impeachment hearing; Hillary Clinton rejects a debate with Bernie Sanders; and more.

posted 2016/05/24 by MarketWatch.com - Top Stories

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