Moneynews - Street TalkMoneynews RSS FeedStocks Fall on Fed Stimulus Worry, Weak Chinese Data Thu, 23 May 2013 09:39:12 EDTU.S. stocks fell, putting the S&P 500 on track for its first back-to-back daily drop in a month, on concerns the U.S. Federal Reserve's stimulus measures may be scaled back sooner than hoped and over weak data in China.Carrington's Whalen: Central Banks Telling a 'Big Lie' That They Can Improve EconomiesThu, 23 May 2013 09:15:41 EDTBetting that central bankers will re-inflate the global economy is a zero-sum game, according to Christopher Whalen, executive vice president and managing director of Carrington Investment Services.Jobless Claims Drop More Than Expected in Sign of Slow ImprovementThu, 23 May 2013 08:33:41 EDTThe number of Americans filing new claims for unemployment benefits fell more than expected last week, pointing to resilience in the labor market despite belt-tightening by Washington.Goldman Sachs Lifts Its Year-End S&P 500 Target to 1,750Thu, 23 May 2013 08:19:50 EDTGoldman Sachs boosted its year-end forecast for the Standard & Poor's 500 Index to 1,750 from 1,625 previously.New Yorker: No Stock Bubble — This Time Is DifferentThu, 23 May 2013 08:17:07 EDTPlenty of pundits see a stock market bubble that will soon pop just as stock prices have crashed in the past. But this time really is different, argues The New Yorker. In this case, the present is not the same as the past.MarketWatch's Farrell Calls a Top, Predicts an August Spiral of DoomThu, 23 May 2013 08:13:20 EDTMarketWatch columnist Paul Farrell, never a stranger to dire forecasts, is out on a limb with a prediction that Federal Reserve Chairman Ben Bernanke will be out by August, ultra-loose monetary policy will end as interest rates point skyward and a market meltdown will follow.KBW: Shadow Banking Returns to ProminenceThu, 23 May 2013 08:10:25 EDTShadow Banking, which consists of lending outside of formal banks, is back in business, and that could be a boon to the economy, say analysts at Keefe, Bruyette & Woods (KBW).Rand Corp.'s Wolf: It's all About the Private Sector, Not Stimulus or AusterityThu, 23 May 2013 08:07:04 EDTThe big debate now among economists is whether countries should opt for stimulus or austerity, but neither provides the answer, says Charles Wolf, distinguished chair in international economics at the Rand Corp.Mutual Funds Turning Up the Heat on Corporate Board PayThu, 23 May 2013 08:03:22 EDTMutual fund firms are beginning to raise a stink about the pay practices for corporate directors, following on the trail of activist investors.Pension Advances Nothing More than Payday Loans in Sheep's ClothingThu, 23 May 2013 07:57:07 EDTPension advances, also called pension sales or pension buyouts, are also being called "pay day loan in sheep's clothing" and are the latest scam to hit retirees.St. Louis Fed President Bullard 'a Little Bit Nervous' About Inflation TrendThu, 23 May 2013 07:45:48 EDTFederal Reserve Bank of St. Louis President James Bullard said he’s concerned about inflation and that he’d like to continue the current pace of bond purchases.Fed's Bernanke Seeks Sustained Job Gains Before Paring Bond PurchasesThu, 23 May 2013 07:32:46 EDTFederal Reserve Chairman Ben Bernanke and his fellow policy makers, expressing concern that federal budget cuts are blunting the recovery, signaled little appetite for reducing record stimulus without what he called “real and sustainable” progress in reducing unemployment.<pubDate>Thu, 23 May 2013 07:20:51 EDT</pubDate><link><![CDATA[http://www.Moneynews.com/StreetTalk/article/2013/05/23/id/505979]]></link><description>Several major U.S. utilities are under “constant” cyberattack and haven’t taken precautions to protect critical systems from Iran, North Korea and other adversaries, according to a congressional survey of more than 100 companies accounting for much of the nation’s power system.</description></item><item><title>Global Markets Roiled as Japan's Nikkei Plunges 7.3%Thu, 23 May 2013 06:49:12 EDTFinancial markets around the world were roiled Thursday after Japanese stocks suffered their biggest slide since the country was hit by a devastating tsunami more than two years ago.Goldman Sachs Study Disputes 'Too Big to Fail' Bank SubsidyWed, 22 May 2013 19:56:16 EDTBond investors don't perceive the six biggest U.S. banks as "too big to fail," according to a report from one of those lenders, Goldman Sachs Group Inc.Pimco's Gross: Fed Likely to Curb QE in SeptemberWed, 22 May 2013 18:24:31 EDTThe Federal Reserve is likely to taper its quantitative easing in September, says bond-investing legend Bill Gross,co-chief investment officer of Pimco.Wall Street Falters in Volatile Session on Fed WorriesWed, 22 May 2013 16:28:01 EDTU.S. stocks fell with the S&P 500 posting its biggest decline in three weeks, after minutes from the latest Federal Reserve meeting showed some officials were open to tapering large-scale asset purchases as early as at the June meeting.Detroit 'Crushing' Debt Among First Overhauls for City, Orr SaysWed, 22 May 2013 15:52:16 EDTDetroit's bond payments are crushing the city by hindering spending on public safety and are among the first liabilities that need to be addressed, emergency financial manager Kevyn Orr said.GE’s Immelt Weighs IPO for Portions of Shrinking Finance UnitWed, 22 May 2013 14:13:24 EDTGeneral Electric Co. is considering spinning off parts of its finance unit through an initial public offering as Chief Executive Officer Jeffrey Immelt works to shrink the business. In financial services, putting things up for sale with the assumption that a bank would buy...Divided Fed Wrestles With When to Slow Bond BuysWed, 22 May 2013 14:02:34 EDTThe Federal Reserve's uncertainty about when to slow its aggressive efforts to stimulate the economy burst into view Wednesday, when Chairman Ben Bernanke testified to Congress in the morning and the Fed in the afternoonreleased the minutes of its last policy meeting.