Money & Company

Tracking the market and economic trends
that shape your finances.

« Previous Post | Money & Company Home | Next Post »

Wall Street Roundup: The jobs headline. An insider's sad end.

June 3, 2011 |  8:03 am

Bear - national geo Gold: Trading now at $1,546 per ounce, up 0.9% from Thursday. Dow Jones industrial average: Trading now at 12,170.30, down 0.6% from Thursday.

The jobs headline. Friday morning's monthly job report provided some disappointing numbers, sending stocks down and fueling the debate about whether the economy is entering a more prolonged slowdown.  

The debate. While PIMCO's Mohamed El-Erian took to the Financial Times to state that the U.S. will need to make big changes to fix the economy, JPMorgan's Jamie Dimon is stepping out to argue that the economy is actually in a strong position, and getting better.

Greenspan's views. Alan Greenspan said on CNBC Friday morning that the only way the U.S. will get its debt and deficit under control is by raising taxes, something he had previously opposed.

An insider's sad end. The government's ongoing probe of insider trading at hedge funds appears to have led one government informant to commit suicide.

--Nathaniel Popper

Photo credit: National Geographic.

 

Comments 

Advertisement










Video