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Square Reportedly Raising $200 Million at $6 Billion Valuation

Square may be looking for a new cash infusion. The mobile payment startup is said to be in the process of raising about $200 million at a $6 billion valuation, according to CNBC. At least some of that capital is reportedly coming from the Government of...



2008 Meltdown Was Worse Than Great Depression, Bernanke Says

Bloomberg Former Federal Reserve Chairman Ben Bernanke, a prominent student of the Great Depression, contends that the 2008 financial crisis was actually worse than its 1930s counterpart. Mr. Bernanke is quoted making the statement in a...



SnapChat valued at $10 bln in new round from Kleiner Perkins — reports

Snapchat, a photo-sharing service for smartphones, raised a new round from Kleiner Perkins Caufield & Byers that values the company at $10 billion, according to two media reports. The new funding would bring the total amount of...



Gold Jewelry Demand in India Improves

Those who root for gold root for India. Despite a welcome June rally, it’s been a rocky second quarter for the world’s second-largest consumer of the metal, with demand down 18 percent compared to last year. But consumer appetite...



FINANCIAL ADVISOR INSIGHTS: Just 6% Of Stocks On The S&P Have 'Sell' Ratings

FA Insights is a daily newsletter from Business Insider that delivers the top news and commentary for financial advisors. Out Of 12,052 Ratings On S&P Stocks, Just 6% Are 'Sells' (Bespoke...



Tim Hortons makes more money than Burger King and Dunkin’ Donuts, combined

Tim Hortons earns nearly twice what Burger King makes in a year. (AP Photo/The Canadian Press, Andrew Vaughan) Since the news broke that Burger King Worldwide Inc. has agreed to buy Canadian chain Tim Hortons for $11...



REPORT: American Killed Fighting For Islamic State...

REPORT: American Killed Fighting For Islamic State...(Second column, 8th story, link)Related stories:ISIS demands ransom for 26-year-old humanitarian... ...



Apple, Inc. iPhone 6 Cases Pop Up As Release Date Nears

Retailers are ahead of the game by selling iPhone 6 cases before Apple debuts the anticipated smartphoneApple Inc. (NASDAQ:AAPL) has yet to officially unveil the highly anticipated iPhone 6, but cases for the new phone are already available on...



2000.02

WSJ: The S&P 500 index notched its first-ever close above 2000 on Tuesday, a new milestone in the stock market’s march higher. Tuesday’s finish was the 30th record close this year for the index, which has gained 8.2% in 2014...



Residential Construction Employment Continues To Rise

      “Davidson” submits: Monthly Supply of New Homes for Sale rises to 6.0, but so does Residential Const Employment- look at the trend […] The post Residential Construction Employment Continues...



Who Pays Corporate Taxes? Possibly You

Who pays corporate income taxes? Just one thing’s for sure: it’s not corporations. This is because, as Mitt Romney famously put it, “corporations are people, my friend.” They also sell to people, buy from people, and are owned by...

Watch the Video > Post includes YouTube video


Questions Continue Over Quindell Plc (QPP) Accounting

The company notes an increase in the value of a subsidiary based on a subsequent investment and the goodwill of being acquired, then in a sepearte issue books revenue from a class action lawsuit that hasn't been formally settledThe questions...



In Burger King Deal, Buffett Reunites With 3G Capital

Warren Buffett is a big admirer of 3G, and his conglomerate, Berkshire Hathaway, is helping finance Burger King's $11.4 billion takeover of Tim...



The Credit Cycle And Why It Is Important For Bond Managers

Peddling the Credit Cycle by David Merkel, CFA of The Aleph Blog Starting again with another letter from a reader, but I will just post his questions in response to this article: 1) How much emphasis do you put on the credit cycle? I guess given...



Netflix hits all-time high ahead of Emmys

Netflix hit an all-time high of $485.30 earlier on Monday, before easing to close at $480.93, up 0.4 percent on the...



Mario Draghi Gave A Big Speech On Friday — But The Most Crucial Part Wasn't In The Original Text

ECB chief Mario Draghi gave a big speech at Jackson Hole on Friday. There were two big ideas to come out of the speech: The first is that the ECB will do more to halt falling inflation. The other is that the ECB probably can't do it on its own, and...



Report: NSA built 'Google-like' search engine for metadata

The U.S. National Security Agency built a “Google-like” search engine to give domestic and international government agencies access to details of billions of calls, texts and instant messages sent by millions of people, according to The...



The French Government Has Collapsed, And It's Partly Paul Krugman's Fault

This morning the French government collapsed. All the ministers have resigned, and Hollande will have to appoint new ones. Paul Krugman deserves some of the blame. The incident that immediately precipitated the resignation of French Prime Minister...



Draghi steals the show at Jackson Hole

For macro investors, the end of summer is usually signalled by the Kansas City Fed’s annual conference at Jackson Hole. On occasions, former Fed chairman Ben Bernanke used this gathering to indicate major changes in monetary policy, going far...



Amazon to Acquire Videogame Site Twitch

Amazon has agreed to acquire Twitch, a live-streaming service for videogame players, for more than $1 billion, according to a person who has been briefed on the...



Hedge Fund News: Joel Greenblatt, Jeffrey Vinik & Pershing Square

Hedge Fund Legend Joel Greenblatt – Writing A Bigger Book (GuruFocus) Every year, when Joel Greenblatt (Trades, Portfolio) kicks off his value and special-situation investing class at Columbia Business School, he makes his students a guarantee....



Bill Ackman Just Made Another $144 Million On Burger King This Morning

Hedge fund manager Bill Ackman, who runs Pershing Square Capital, is having a big day.  He just made more than $144 million on his Burger King stake this morning before the opening bell. The news is that U.S. burger chain Burger King is...



Govts across world can track movements of almost anyone with cellphone...

Govts across world can track movements of almost anyone with cellphone...(Second column, 4th story, link)Related stories:Anonymous sharing app 'Secret isn't so anonymous after all... ...



Managing Expectations III: Mining Stocks And Respecting The Bear

Managing Expectations Part III: Picking Mining Stocks in a Bear Market by Frank Holmes In the first part of this three-part series, I discussed the importance of cycles such as four-year presidential elections and the life of a gold mine, and how they...



Burger King Tax Inversion Talks Earn Ackman $161M

William Ackman’s taste for Burger King Worldwide continues to pay off, as the fast-food chain’s shares soared in the wake of its planned acquisition of Canada’s Tim Hortons. read more ...



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In Burger King Deal, Buffett Reunites With 3G Capital

Warren Buffett is a big admirer of 3G, and his conglomerate, Berkshire Hathaway, is helping finance Burger King's $11.4 billion takeover of Tim...



2008 Meltdown Was Worse Than Great Depression, Bernanke Says

Bloomberg Former Federal Reserve Chairman Ben Bernanke, a prominent student of the Great Depression, contends that the 2008 financial crisis was actually worse than its 1930s counterpart. Mr. Bernanke is quoted making the statement in a...



Check Out The Massive Outflows From High-Yield Bond Funds (HYG, SPX, SPY, QQQ)

People won't stop talking about high-yield bonds, and this chart from Alain Bokobza and his team at Societe Generale shows exactly why: high-yield investors are now running for the exits. In The Wall Street Journal this weekend, Katy Burne...



Square Reportedly Raising $200 Million at $6 Billion Valuation

Square may be looking for a new cash infusion. The mobile payment startup is said to be in the process of raising about $200 million at a $6 billion valuation, according to CNBC. At least some of that capital is reportedly coming from the Government of...



Wonkblog: Russia’s ban on American food imports is going to hit the U.S. poultry, pork and nut industries the hardest

Russia has aimed its latest cross-Atlantic swing at the American food industry. On Thursday, the country announced the suspension of billions of dollars in food imports from a number of countries — including Norway, Canada, Australia,...



ISDA Makes It Official: Argentina in Default

Those who purchased credit default insurance against an Argentine default are to receive payment, as the root of the problem may be eliminated in new contracts currently being writtenThe dust has settled and the International Swaps and Derivatives...



FINANCIAL ADVISOR INSIGHTS: Just 6% Of Stocks On The S&P Have 'Sell' Ratings

FA Insights is a daily newsletter from Business Insider that delivers the top news and commentary for financial advisors. Out Of 12,052 Ratings On S&P Stocks, Just 6% Are 'Sells' (Bespoke...



Oh Dear. Larry Kotlikoff Fails to Read...

Larry Kotlikoff: Paul Krugman: Stop Calling People Names: "Paul Krugman [has] a responsibility to act like [a] grownup... ...If they start calling people with different views “stupid,” they demean themselves and convey the message...



The Only Occasions Women Need Shoes For In Nine West’s World: Finding A Husband, Taking Kids To School

(As seen on NineWest.com) Good news, women of the world! The only occasions you’re going to have in your life to buy shoes boil down to finding your first husband and taking the kids to school. At least, according to Nine West’s...



Slowdown in Italy adds to fears over Ukraine...

Slowdown in Italy adds to fears over Ukraine...(Second column, 6th story, link)Related stories:PUTIN LAUNCHES FOOD FIGHT...Russia Sanctions Accelerate Risk to Dollar Dominance... ...



Ted Cruz Proves Why He’s Still the Most Hated Man in Congress

You may not have heard much from Senator Ted Cruz lately, but on Thursday, he came back with a force in blowing up House Republicans’ bill to address the border crisis. Make no mistake, House Speaker John Boehner—and the rest of the...



Sprint abandoning bid for T-Mobile

Sprint is abandoning its pursuit of T-Mobile as the regulatory challenges of the deal are too...



Gold Jewelry Demand in India Improves

Those who root for gold root for India. Despite a welcome June rally, it’s been a rocky second quarter for the world’s second-largest consumer of the metal, with demand down 18 percent compared to last year. But consumer appetite...



The Shadows of the Bond Market’s Past: 1971-Present

The Shadows of the Bond Market’s Past, Part I by David Merkel, CFA of The Aleph Blog Source: FRED Above is the chart, and here is the data for tonight’s...



Citigroup Faces Hedge-Fund Curbs

Citigroup faces restrictions that will prevent it from selling investments in hedge funds and private-equity funds to wealthy clients, following a recent deal with U.S....



Big Dam Resources: Hydro Plants And China’s Energy Needs

Big Dam Resources by Frank Holmes China’s 22,000-megawatt Three Gorges Dam, pictured on the cover of our latest Shareholder Report, is an undertaking that must be described in superlatives. Not only is it the world’s largest hydroelectric...



Three Separate Economists Made The Exact Same Joke About Janet Yellen Today

Harry Truman had a famous quip about economists. He said: Give me a one-handed economist! All my economists say, 'on one hand ... on the other.' Lots of people on Wall Street are recycling that line in light of Janet Yellen's labor market...



Hedge Fund News: Louis Bacon, Chase Coleman & Third Point

Louis Bacon and Peter Nygard Move Bahamas Feud to New York (NYTimes) The hedge fund billionaire Louis M. Bacon has filed a lawsuit against the Canadian clothing magnate Peter Nygard, claiming a long history of character assassination and numerous...



Innovation Breakdown

From my review today in the WSJ of Innovation Breakdown by Joseph Gulfo: Yo is a smartphone app. MelaFind is a medical device. Yo sends one meaningless message: “Yo!” MelaFind tells you: “biopsy this and don’t...



Buffalo Bills Are Said to Draw Jeffrey Gundlach as a Bidder

The bond investor Jeffrey Gundlach is reported to be interested in a bid for the Buffalo Bills, inspiring several corny finance jokes on Twitter suggesting a new name for the football...