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GARVIN WINERY REAPS REWARDS
August 17, 2007 11:00 pm
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  • Facebook soars as Zuckerberg cash-machine kicks into gear
    Facebook shares are bounding higher this morning after the company posted its fifth straight better-than-expected quarter.
  • Economists worry rising wages may catch the Fed off guard
    Wages may be growing at a faster clip than envisaged by U.S. policymakers, with a recent raft of business surveys showing an increase in the number of companies raising compensation. One closely watched wage growth measure, a gauge produced by the National Federation for Independent Business, has reached a seven-year high. A turn in this index, which began moving up late last year, historically has been followed by a pick-up in wage growth nine months later. "The biggest threat to the Fed's policymaking is that six years of not having to deal with wages doesn't allow you to understand how wages will change when you come back to a more normal full-employment type of economy," said Joel Naroff, chief economist at Naroff Economic Advisors in Holland, Pennsylvania.
  • The White House wants to be Wall Street's matchmaker
    The White House wants to increase investment in rural America and it's asking large investors to help its cause.

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