08-14-2016, 11:49 PM
Shares of Nvidia (NVDA) are climbing 2.5% Friday after the tech company beat on earnings per share and revenue expectations. This company "is in all the sweet spots," Those include high-growth industries including deep-learning/artificial intelligence, data centers, high-end gaming, virtual reality and self-driving vehicles. "They just became a powerhouse on their own," Cramer said, adding that "this was the most impressive of the semiconductor conference calls."
S&P Global Ratings sees a clear cause for concern as aggregate debt levels and leverage components that we use to help determine the financial profile of rated companies now exceeds that which we saw just prior to the most recent economic and financial crisis. The report measures leverage as the ratio of median debt to EBITDA (Earnings before Interest, Taxes, Depreciation, and Amortization, a measure of operating cash flow). And that ratio hit the highest level in 10 years.
'This year is unlike anything we've seen in the history of finace' - Business Insider
There is insouciance: Czech distance runner Emil Zatopek winning his third gold at the 1952 Olympics in the marathon, an event he had never run before, and doing so by jogging alongside flat-out favourite Jim Peters and asking the Briton whether they were running fast enough. There is guts, a determination that is almost madness - the USA's Al Oerter, winner of discus gold at four successive Games despite a car crash that nearly killed him, replying to a doctor who told him to retire on medical grounds by saying: "This is the Olympics. You die before you quit." And there is making the impossible seem humdrum. Bolt has shattered world records after a lunch of chicken nuggets, with his shoelaces undone, and by running the last 10 metres with his arms spread wide and a huge grin on his face. There has been no-one else like him.
Rio Olympics 2016: Phelps, Bolt, Owens - who is the greatest Olympian of all time? - BBC Sport
We argue that fiscal stimulus funded by public debt is effective for increasing economic activity and employment even in recessions that are caused by overborrowing in the private sector. We analyze the impact of government spending on local economies between 2007 and 2009 and find evidence that the fiscal multiplier is higher in geographical areas characterized by higher individual household debt. The higher multiplier in those areas might be attributed to a direct increase in both household consumption and local economic slack.
Does Fiscal Stimulus Work when Recessions Are Caused by Too Much Private Debt?
The firm's minimum wage for its 18,000 hourly employees in the US will move from $10.15 an hour to a range of $12 to $16.50 depending on market and location. It's a move similar to that announced by Starbucks on Monday. In his article, Dimon wrote that a pay increase was "the right thing to do." Along with its wage increase, JPMorgan will invest over $300 million in "career-oriented education aligned to growing sectors," certainly a nod toward this reality that the firm's lowest-paid workers are also among its most vulnerable.
JPMorgan raising wages for hourly workers - Business Insider