George Washington University received three gifts totaling $80 million for its school of public health from charities associated with junk bond pioneer Michael Milken and Viacom Inc. Chairman Sumner Redstone.
Markets got a shot of espresso this morning -- a double shot actually. Both capital goods orders ex-defense and durable goods orders rose more than expected during January, according to data released by the Commerce Department.
The U.S. economy may prove more prone to deflation than the Federal Reserve acknowledges and that may present a reason to keep monetary policy loose, according to a model created by Wells Fargo Securities LLC.
U.S. stocks rose, sending the Standard & Poor’s 500 Index trading to another record, as consumer confidence gained and investors bet central banks worldwide will continue their efforts to stimulate the economy.
The U.S. medical-system overhaul will improve the nation’s health and cut costs only if it’s followed by initiatives to curtail the epidemic of obesity and diabetes, said Michael Milken, founder of the Milken Institute.
Nouriel Roubini, the New York University professor who forecast the U.S. recession more than a year before it began, said sovereign debt from the U.S. to Japan and Greece will lead to higher inflation or government defaults.
Goldman Sachs Group Inc. managing director Jason Lee pleaded not guilty to charges he raped a woman at his rental home in East Hampton, New York, the wealthy beach community on the east end of Long Island.