The number of New Jersey residents without power from superstorm Sandy fell below 1 million yesterday, Governor Chris Christie said. Yet a fresh storm may be just a few days away, bringing high winds and flooding rain.
A New Jersey State Police sergeant who escorted a high-speed caravan of Lamborghinis, Ferraris and other sports cars to Atlantic City pleaded guilty to altering the license plates of his troop vehicle to avoid detection.
Stocks advanced, sending the Standard & Poor’s 500 Index up for a fifth day, as insurance and commodity shares led gains amid better-than-forecast earnings. Commodities rose, while the yen gained as the Bank of Japan planned to wait a year to begin open-ended asset purchases.
Hedge funds are borrowing more to buy equities just as loans by New York Stock Exchange brokers reach the highest in four years, signs of increasing confidence after professional investors trailed the market since 2008.