Tax Reform in This Election Year: It's Not Likely
Which Credit Card Rewards Does the IRS Care About?
This morning brings fresh worries over the health of global credit markets.In Europe, corporate bond spreads widened and share prices were under pressure as overnight deposit rates for euros rose to a six-year high, according to Bloomberg, "prompting calls for the European Central Bank to supply more cash."
A Wall Street Journal (subscription required) report, "Why Libor Defies Gravity," noted that the London interbank offered rate, "an important benchmark for everything from adjustable-rate mortgages in the U.S. to giant floating-rate bank loans taken out by global corporations," has moved higher in recent weeks, despite efforts by central bankers to keep a lid on short-term interest rates.
Goldman Earnings Sink After Buffett Dividend
Johnson & Johnson's Income Falls 23%
Burberry Shares Leap on Sales Update
