Argentina fails to negotiate its way out of default
Breakfast with Benjamin: Argentina defaults. Plus: Fund managers deal with Argentina bond exposure; the Fed's-eye view of unemployment; fallout from Russian sanctions; San Bernardino goes to pot; and a cannabis stock rally adds a new twist to buying high.
- Argentina defaults for the second time in a dozen years as negotiations fall apart. It probably didn’t help that the country has been describing its creditors as “vultures.” There’s still hope for a solution
- Mutual fund managers are dealing with their bets on Argentina now that default is a reality. InvestmentNews‘ Trevor Hunnicutt breaks it down. More than 130 funds holds some exposure to Argentina’s debt
- The Fed wants it both ways by sighting a weak labor market even as the unemployment rate drops. Could this mean the official unemployment rate is bunk? Getting all jargony about jobs
- Russian sanctions trip up Adidas’ global growth efforts, and the stock price takes a big hit. All was dandy until the Western world clashed with Russia
- Flat broke San Bernardino floats medical marijuana industry as an economic revival plan. Going to pot
- When a marijuana stock is up 900% is it time to buy, sell, or just go out for some munchies? Buying high, selling high
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