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Yellen Believes Many Stocks are Overvalued; Microsoft Rumored to Make a Large Number of Layoffs

By: , dated July 15th, 2014
Stocks end mixed after the chair of the Federal Reserve, Janet Yellen, said that many stocks and assets are currently overvalued. Yellen also told Congress today that the Fed intends to continue to provide support to the U.S. economy since the economic recovery is still not complete. Rumors have been flying that Microsoft (MSFT) will be making a lot of layoffs in the near future, it is even expected that the number of layoffs will top the record 5,800 that occurred in 2009. Disney’s (DIS) CEO Bob Iger was named the 2014 CEO of the Year by Chief Executive Magazine. Iger was awarded this title for adding more depth to the brand, making smart acquisitions like Pixar, and dealing with Disney’s cultural issues.

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