Marketplace®

Daily business news and economic stories

Scott Jagow

Latest from Scott Jagow

  • Jun 4, 2007

    S&P then and now

    After seven long years, the S&P 500 has climbed back into record-setting territory. And it's looking better than ever. Allan Sloan explains why today's S&P is leaner, meaner and less risky.

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  • May 31, 2007

    Hedge funds 101

    Now that anyone with a couple thousand bucks can get in on the hedge fund game, Chris Farrell explains some of the finer points — like how it's heavily stacked in favor of the hedge fund managers with little regard for investor risk.

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  • China is sinking $3 billion into U.S. private equity superstar Blackstone Group. Economist Trevor Houser says the Chinese want to get schooled in foreign investing. Lesson 1? The less-than-10% stake is just low enough to fly under federal scrutiny.

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  • Not that Wall Street really needs a rally this year, but with summer break on the horizon we asked Allan Sloan whether to expect a traditional May selloff before investors hit the beach. Hard to say, he says, but they're gonna take their Blackberries.

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  • May 18, 2007

    Cycling in crisis

    With some 100 world-class cyclists accused of doping and longtime sponsors considering pulling their support from the Tour de France, the sport of cycling has truly reached a crisis point. Diana Nyad says science is its best hope for a cure.

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  • The credit industry has been allowed to aggressively pursue low-income borrowers and that's made a bad situation worse for many poor Americans. Chris Farrell says federal regulators are overdue to step in and stop the cycle of abuse.

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  • Whispers of a possible interest rate cut swirling around last week's Fed meeting left a lot of folks on Wall Street with fingers crossed, but Newsweek's Allan Sloan thinks rates are already much lower than they should be.

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  • Even the shipping routes of illicit drug trade follow market tides. The euro's strength has lured Latin American cocaine traffickers away from the U.S. for higher returns on the streets of Europe. And that's positioned Africa as a new drug shipping hub.

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  • The French have elected Nicolas Sarkozy as their next president — a hardliner who's seen as l'Américain when it comes to economic policy. He wants to free up the French economy, and that's led to an unusual air of optimism there.

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  • Newsweek's Allan Sloan says no matter what media mogul Rupert Murdoch promises, he will inject his political views into the news coverage if he's allowed to buy The Wall Street Journal — and he's got a powerful incentive to up his bid until it happens.

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