By: Rob Black - Mon, 07 May 2012 15:30:40 -0800
Winner: Most Stocks Rise as Banks RallyMost U.S. stocks rose, following the biggest weekly decline in 2012, as banks rallied .
Investors weighed Francois Hollande’s election as France’s president and Greek voters flocking to anti-bailout parties. European governments are not going to do anything stupid. We’re talking about changes on the margin. We’re not talking about a wholesale change in fiscal policy. About 70 percent of S&P 500 companies that reported results since the start of the earnings season have topped projections,.
Winner: Consumer Credit In U.S. Increases
Consumer borrowing in the U.S. surged in March by the most in more than a decade on growing demand for educational financing and autos. Credit rose by $21.4 billion to $2.54 trillion. The advance was paced by a $16.2 billion jump in non-revolving debt, including student and car loans. School financing interest rates will be increasing on July 1. Rising consumer confidence means that households are more willing to take on debt to boost spending, which accounts for about 70 percent of the economy. March warm weather pulled forward spring shopping and auto sales were strong. Student loan growth continues to be very strong and a little worrisome.
Winner: ‘The Avengers’ Smashed Box Office Records
“The Avengers” took in an estimated $200.3 million, breaking the debut weekend record set in 2011 by “Harry Potter and the Deathly Hallows Part 2″ ($169.2 million).The Acengers has taken in $447.4 million overseas since it started rolling out in international markets a week earlier. That brings its worldwide total to $654.8 million in just 12 days. “The Avengers,” a Marvel film distributed by Disney.Robert Downey Jr., Mark Ruffalo, Samuel L. Jackson, Scarlett Johansson and Jeremy Renner.Captain America Thor, The Hulk, and Iron Man. Some of the characters have been around since the 1940s and 1960s. Half the attendees were over twenty five years old. 40 percent of the audience was female, so the film didn’t just appeal to boys.
Loser: More Than 40% of U.S. May Be Obese by 2030The obesity rate may rise to 42 percent from about a third of the U.S. population by 2030 if nothing changes. Preventing that increase may save about $550 billion in medical costs over the next 20 years. Two-thirds of U.S. adults are overweight and one-third are obese. The of people who are severely obese, or about 100 pounds overweight, will double to 11 percent. Health conditions caused by excess weight, include diabetes and heart disease.
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