According to The Wall Street Journal, “A combination of mergers, fewer U.S. IPOs, lower listing costs abroad and a shift in how investors and stockbrokers do their jobs has driven down the number of U.S. stock listings by 43% since the peak in 1997—all during a period when the number of listings outside the U.S. has more than doubled.”
Archive for June, 2011
According to CNBC.com, which quoted a RealtyTrac report, “Sales of distressed U.S. homes fell in the first quarter as demand remained weak, but they still made up about 28 percent of total sales, the highest amount in a year.”
The report added that, “Distressed sales accounted for 27.5 percent of all residential sales, ticking up from 27 percent in the fourth quarter of last year. … It was the highest percentage of sales since the first quarter of 2010.”
The Japanese tsunami and earthquake are having a greater impact on the U.S. economy than previously expected.
According to CNBC.com, “A series of analysts have recently cut their second-quarter gross domestic product projections, based in large part on the impact that the Japan disaster is having on the automotive industry. Factory shutdowns and ensuing problems with getting parts have slowed vehicle production, a move likely to drive up prices, increase unemployment and slow consumer spending, according to recent projections from economists at Goldman Sachs and Deutsche Bank.”