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ART CASHIN: The market could face a big test at 1PM (SPY, SPX, QQQ, DIA)

At 1:00 p.m. ET on Friday, Federal Reserve chair Janet Yellen will speak on the US economy.  And this could be a big test for the market.  In his morning note on Friday, UBS' Art Cashin said Yellen could use this speech as a way...



Yellen: Expect Rate Hike in 2015, Several Years before Fed Funds Rate "back to normal" level

From Fed Chair Janet Yellen: The Outlook for the Economy [I]f the economy continues to improve as I expect, I think it will be appropriate at some point this year to take the initial step to raise the federal funds rate target and begin the process of...



Lehman Brothers Sues Three Financial Firms Over Soured Mortgage Loans

Lehman Brothers Holdings filed a complaint against three financial institutions in connection with the bundles of soured mortgage loans and argued that the claims worth hundreds of millions of dollars were “grossly exaggerated and...



What America Can Learn From China’s Infrastructure

What America Can Learn From China’s Infrastructure by Frank Holmes As one of the greatest nations on the planet, the United States excels in a number of areas, innovation and entrepreneurship foremost among them. But something you might be...



Netflix, Inc. Short Sellers In Search Of A Catalyst

Experienced short-sellers will tell you that it’s not enough to find an overpriced stock and start loading up on put options, you also need to identify a catalyst for why the rest of the market is going to come around to your way of thinking. In...



Beware of Slogans

...the characteristics of the special case assumed by the classical theory happen not to be those of the economic society which we actually live, with the result that its teaching is misleading and disastrous if we attempt to apply it to the facts of...



Warren Buffett Pushes For EITC Overhaul In WSJ Op-Ed

Warren Buffett used a recent piece in the Wall Street Journal to propose a solution to the increasing wealth gap in the United States. First of all Warren Buffett explains how the American Dream has turned into the American Nightmare for...



CBS wasted no time destroying Letterman's set, and fans go dumpster diving

One network's trash is a Late Show superfan's treasure. Following David Letterman's last show on Wednesday night, CBS wasted absolutely no time in dismantling the host's set and tossing it out to the curb Cue devoted fans rushing to...



Facebook Messenger Adds Contextual Information on First-Time Senders

Facebook Messenger users who have ever received messages and wondered where they knew the senders from will embrace a new feature the social network introduced Thursday. Mashable and TechCrunch both reported that when Facebook users...



Links for 05-22-15

Tariffs Versus Currencies - Paul Krugman Musings on Macroeconomic Policy and "The Right" - Brad DeLong Why the US economy can’t shake Great Recession - Daniel Alpert What would it take to limit climate change to 1.5°C? -...



Warrant issued for DC murder suspect based on DNA found on Pizza Crust...

Warrant issued for DC murder suspect based on DNA found on Pizza Crust...(Second column, 13th story, link)Related stories:RECORDS: Threatened own family...Believed fled to Brooklyn... ...



Bridgewater Says ECB QE Will Not Do The Job

The stimulative impact of quantitative easing in the Eurozone is itself easing, a recent Bridgewater Associates strategy document observes, and European growth is slowing. The reason for the relative ineffectiveness of Europe’s QE is the subject of...



McDonald’s Corporation Stock Price Could Increase To $120 [REPORT]

The stock price of McDonald’s has the potential to increase to as much as $120 per share, according to David Katz, president and chief investment officer of Matrix Asset Advisors. “We think the stock easily could be $110 to $120, and...



Negative Views of New Congress Cross Party Lines

The new Republican-led Congress is drawing harsh reviews from the public. Just 23% of Americans say congressional Republicans are keeping the promises they made during last fall’s...



Family Support in Graying Societies

America is turning gray, with the share of people ages 65 and older expected to rise more than 50% by 2050 – a trend that may burden more families. But Germany and Italy are already there, with a fifth of their population in that age...



Links for 05-21-15

How to better teach econometrics - Vox EU I'm With Stupid - Paul Krugman John Stuart Mill's Birthday: Conformity and Individualism - Tim Taylor Sovereign rating changes: Understanding the asymmetries - Vox EU What's Wrong With...



BEA sees issue with GDP data

The government agency charged with calculating the U.S.'s growth rate is acknowledging problems and pledging a series of...



'Conservatives and Keynes'

This, from Paul Krugman, is sort of a setup for the post below this one: Conservatives and Keynes: ...the debate over business-cycle economics has always been a left-right thing. Specifically, the right has always been deeply hostile to the notion that...



Large Banks Plead Guilty To Felony Crimes, Senator Elizabeth Warren Reacts

In a plea deal with the U.S. Justice Department, five of the largest mega banks have agreed to plead guilty to currency manipulation and rigging interest rates. These are serious crimes of a felony nature, however, not a single banking executive will see...

Watch the Video > Post includes YouTube video


Quickly Create Facebook Promoted Posts with Hootsuite Ads

Social-relationship platform Hootsuite, a Facebook Marketing Partner, streamlined the process of creating promoted posts with its introduction of Hootsuite Ads. The new tool enables marketers to easily convert posts that are performing strongly on...



The London Taxi War

Apparently the London taxi war continues to heat up, with London's mayor apparently siding with the traditional black cabs against Uber and minicabs.  I hope Uber can stay legal long enough for me to visit later this year.  I have really...



STUDY: 69% of U.S. Adults Skeptical that Social Network Activities Remain Private

Social networks did not inspire confidence in a new study from Pew Research Center, as 69 percent of respondents said they were not confident that records of their activities would remain private and secure. Online video sites did not fare much...



Flash Crash Spoofer Sarao Now A “Flight Risk”

Alleged “flash crash spoofer” Navinder Singh Sarao, accused of being a contributing factor to the May 6, 2010 algorithmic disaster that sent the Dow Jones Industrial average tumbling nearly 1,000 points, is now considered a “flight...



UBS Pays $500M Fine To US Regulators Over LIBOR Scandal

Serial rules breaker UBS announced on Wednesday, May 20th that it has agreed to pay more than $500 million in fines to U.S. financial regulators for its role in the LIBOR scandal involving manipulation of currency markets and benchmark interest...



A Look at the 2.2 Million (and Counting) Followers of @POTUS

The debut of President Barack Obama’s @POTUS Twitter account Monday has already made an impact, and social intelligence company Sysomos analyzed its first couple of days. According to Sysomos, @POTUS attracted some 2.2 million followers...



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Further reading

Elsewhere on Monday, - “The bund tantrum has been only a minor event so far, but it could be a warning of the shape of things to come, and on a much larger scale.” - A poignant reminder. - FAO Paul Murphy. - Josh Brown, notes from...



16 New TV Shows Hitting Netflix in May

Netflix is adding a new batch of TV shows to its collection throughout the coming month. Here are 16 of the new series hitting the streaming service in May. Source: A&E Dramas 1. Longmire – Season 3, May 1 The crime drama,...



HBO CEO Brushes Off Idea Of Simultaneously Releasing All Episodes Of A Show

While Netflix and Amazon may be catering to binge-watchers by releasing all episodes of their original shows online at once — and even though HBO’s online library allows users to plow through entire series of older shows —...



A British investment firm's bizarre takeover bid for Avon appears to have been a giant hoax

A supposed bid from an apparently British investment firm to buy Avon for three times its current market price, which sent shares of company soaring on Thursday, appears to have been a giant hoax, The New York Times reports. Before noon in New York on...



This quarter the Atlanta Fed wins

"The Atlanta Fed nailed it". Consistent data from NC: "State's economy is slowing, warns NCSU economist". ...



CBS wasted no time destroying Letterman's set, and fans go dumpster diving

One network's trash is a Late Show superfan's treasure. Following David Letterman's last show on Wednesday night, CBS wasted absolutely no time in dismantling the host's set and tossing it out to the curb Cue devoted fans rushing to...



Millennials surpass Gen Xers as the largest generation in U.S. labor force

With its disproportionately large share of immigrants, and at an age of transition from college to the working world, the Millennial generation’s workforce is highly likely to grow even further in the near...



Links for 04-30-15

This editorial decision is making my blood boil - Aaron Carroll There is More to Life than Manufacturing - Growth Economics From “Economic Man” to Behavioral Economics - Justin Fox How Technology Has Affected Wages for the Last 200 Years -...



Retail Sales unchanged in April

On a monthly basis, retail sales were unchanged from March to April (seasonally adjusted), and sales were up 0.9% from April 2014.From the Census Bureau report:The U.S. Census Bureau announced today that advance estimates of U.S. retail and food services...



Republicans’ Early Views of GOP Field More Positive

Pew Research: “Nearly six-in-ten (57%) Republican and Republican-leaning registered voters say they have an excellent or good impression of their party’s presidential candidates. That compares with 54% of Democratic and Democratic-leaning...



Google is planning to spend $150 million to make its workforce more diverse

If there's one consistent complaint about Silicon Valley, it's that all the people working there tend to look remarkably similar. Those who try to change things, however, including Reddit interim CEO Ellen Pao, don't get very far Google,...



Roger Bootle: Europe is a complete disaster – Britain must leave

Merryn Somerset Webb talks to economist and author Roger Bootle about Europe's economic disaster zone, and the advantages to Britain in pulling out. The post Roger Bootle: Europe is a complete disaster – Britain must leave was first published...



Ex-Goldman Programmer Found Guilty

Sergey Aleynikov was convicted on a charge of stealing confidential computer trading code from his former...



Warrant issued for DC murder suspect based on DNA found on Pizza Crust...

Warrant issued for DC murder suspect based on DNA found on Pizza Crust...(Second column, 13th story, link)Related stories:RECORDS: Threatened own family...Believed fled to Brooklyn... ...



Domino's will now let you order pizza through Twitter via emoji

In recent years, Domino's has made a point of using technology in innovative ways, but this latest trick might be its most practical yet: ordering using Twitter Priming the reveal of the news throughout the day with a series of cryptic pizza emojis...



Blackstone Buys Minority Stake in Hedge Fund Magentar Capital

It is the latest deal for the hedge fund arm of Blackstone, which has raised more than $3 billion to buy minority stakes in hedge...



Links for 05-22-15

Tariffs Versus Currencies - Paul Krugman Musings on Macroeconomic Policy and "The Right" - Brad DeLong Why the US economy can’t shake Great Recession - Daniel Alpert What would it take to limit climate change to 1.5°C? -...



What America Can Learn From China’s Infrastructure

What America Can Learn From China’s Infrastructure by Frank Holmes As one of the greatest nations on the planet, the United States excels in a number of areas, innovation and entrepreneurship foremost among them. But something you might be...



Netflix, Inc. Short Sellers In Search Of A Catalyst

Experienced short-sellers will tell you that it’s not enough to find an overpriced stock and start loading up on put options, you also need to identify a catalyst for why the rest of the market is going to come around to your way of thinking. In...