Breaking News, Page 1

Older >

There's A Big Warning About Acquisitions In David Einhorn's Latest Investor Letter

Greenlight Capital CEO David Einhorn sent out his Q2 investor letter this week, and the big takeaway is about how low interest rates are impacting corporate acquisitions. In a nutshell: Low interest rates are transforming acquirers into bad shoppers. In...



Chart o’ the Day: Diversification Works

Michael Batnick and I submitted the below to Business Insider’s Most Important Charts in the World roundup…   Check out the entire run of charts at the link below: Wall Street’s Brightest Minds Reveal The Most...



Mark Cuban Advocates Selling Shares of Tax-Dodging U.S. Companies

Mark Cuban, the billionaire investor and owner of the Dallas Mavericks basketball team, took to Twitter on Friday to rail against companies that adopt overseas addresses to avoid paying U.S. taxes. He urged investors to sell shares of those...



Mystery Stock CYNK Plunges as Expected After Trading Reopens

Filed under: Alternative Investment, Investment Fraud, Stocks, Investing Alamy By Everett Rosenfeld CYNK Technology (CYNK), the mysterious over-the-counter stock that at one point broke a $6 billion market cap, dropped roughly 80 percent in its...



Fed Accepts Zion Capital Plans, Details Not Disclosed

Zions will likely have to raise $300 million or more in common equity, in addition to selling CDOsZions Bancorporation (NASDAQ:ZION) is up 1.8% in trading today after the Federal Reserve announced that it had accepted the bank’s re-submitted...



Gruber: "It Was Just a Mistake"

Why did Jonathan Gruber tell an audience in 2012 that states which failed to set up Obamacare exchanges would be depriving their residents of federal subsidies? Jonathan Cohn caught up with Gruber this morning and got an answer: I honestly...



Blog Post: TheAlephBlog: Book Review: Panic, Prosperity, and Progress

I love economic history books, and I believe that most investors should read economic history.  History offers a broader paradigm for analyzing investment situations than mathematical models do.read...



Mark Zuckerberg Is Now Richer Than the Google Guys

How's your summer going? Probably not as good as Mark Zuckerberg's. The Facebook CEO and cofounder's wealth has spiked in recent months as the company's stock price continues to reach new highs. On Thursday, he reached another...



Some Home Builders Say First-Time Buyers Returning, Others Not Sure

The anticipated return of first-time buyers to the housing market remains, like many economic indicators, prone to fits and starts. This week, two more leading home builders differed on whether first-timers are on their way back. PulteGroup Inc. stirred...



Sheila Bair is worried about reverse repo

Like much of her commentary, I find this considerably overstated.  Still, it suggests a few points of interest and also concern: The mere existence of this facility could exacerbate liquidity runs during times of market stress. Borrowers in the...



Desperately Seeking A Cheaper Kilowatt Hour

Desperately Seeking a Cheaper Kilowatt Hour by Frank Holmes Let’s imagine that an aluminum manufacturer is eyeing two locations to build a new factory. In location A, an industrial kilowatt hour (kWh) is priced at 4.21 cents, whereas in location B,...



Hot Links: Alpha move, bro.

Stuff I’m Reading this Morning… Euphoria? I don’t think so – watch as the number of bulls drops as the market goes up!  (Bespoke) Main Street still doesn’t give a f*** about stocks....



I Still Don’t Get Foom

Back in 2008 my ex-co-blogger Eliezer Yudkowsky and I discussed his “AI foom” concept, a discussion that we recently spun off into a book. I’ve heard for a while that Nick Bostrom has been working on a book elaborating related ideas,...



Jason Karp Hates MannKind Corporation (MNKD), Likes NCR Corporation, Ctrip.com International, Ltd. (ADR) (CTRP)

According to CNBC, Tourbillon Capital’s Jason Karp is betting on a decline of MannKind Corporation (NASDAQ:MNKD) shares. “Only in a frothy, retail-driven (and now Tweet-driven) market can a stock like MannKind exist with a $4.3...



Banco Espirito Santo Patriarch & Former CEO Arrested in Portugal

Despite the mountain of negative news, do hedge funds think all the blood is in the street on this stock? The problems at Banco Espirito Santo SA (ELI:BES) may be deeper than originally thought with the detention of Ricardo Espirto Santo Salgado,...



Hot Links: Owning the Robots

Stuff I’m Reading this Morning… Facebook blew away Wall Street last night, everyone’s impressed with the company’s momentum.  (BusinessInsider) Ford beats.  (USAToday) Caterpillar beats too....



You Might Think A Fox-Time Warner Deal Just Isn't Going To Happen...

Fox is only prepared to raise its offer for Time Warner to $90-$95 per share, sources familiar with Fox's thinking told the Wall Street Journal this week. Fox is also not willing to significantly increase the cash percentage of its offer, the same...



This Eye-Popping Chart Of Ex-US Companies Shows Why People Are Freaking Out About 'Tax Inversions' (ABBV, GILD, AZN, PFE, MDT, COV)

We keep hearing about "tax inversions."  A tax inversion is a corporate merger strategy that involves a company based in one country, say the U.S., acquires another company based somewhere else, say the U.K., and following the deal...



White House to Begin $10 Billion Farm Investment Fund

The fund will be managed by Capitol Peak Asset Management and the Agriculture Department will help find projects for...



10 Thursday PM Reads

My afternoon train reads: • Eddie’s deep dive into explaining gold prices. (Crossing Wall Street) • Hot ETF sellers give distribution its due (FT) • Boring Is Good (Millennial Invest) • How to Build Expertise: Lessons From...



Calpers Pulls Back From Hedge Funds

The largest public pension fund in the U.S. is expected to cut its hedge-fund investments this year by 40%. Other public pensions also are cutting or reconsidering investments in hedge...



John Malone Says Fox Not Likely To See Competing Bid For Time Warner

John Malone says he won't retire, but he will eventually cede voting control of his companies to trustworthy peopleChairman of the Liberty Media Corp (NASDAQ:LMCA) (NASDAQ:LMCB) empire John Malone agreed to be interviewed by the Wall Street...



Let’s consider the big picture

The Obama administration favors extending unemployment benefits from the normal 26 weeks to an “emergency” level of 73 weeks maximum.  You might wonder if that makes sense right now. After all, some bloggers are claiming that we...



Cynthia Lummis Warns People Will 'Take Matters Into Their Own Hands' Over IRS Scandal

WASHINGTON -- A Republican member of the House Oversight and Government Reform Committee warned Wednesday that Americans would "take matters into their own hands" if Congress doesn't keep investigating the IRS's handling of tax-exempt...



General Motors Recalls 700,000+ More Vehicles

Shares of GM slumped by less than 1% in afternoon tradingIt seems General Motors Company (NYSE:GM) just can’t get past all the recalls. Today the automaker has announced six more recalls covering almost 718,000 vehicles in the U.S. Details on...



Breaking News, Page 1

Older >

2 hours | 12 hours | 24 hours | 30 days

Gruber: "It Was Just a Mistake"

Why did Jonathan Gruber tell an audience in 2012 that states which failed to set up Obamacare exchanges would be depriving their residents of federal subsidies? Jonathan Cohn caught up with Gruber this morning and got an answer: I honestly...



Russia Riled Up the Ukrainian Rebels, Now It's Shooting at Them As They Try to Enter Russia

As the Ukrainian army chases separatists from the strongholds they've held for months, Moscow has barely said anything—despite its...



Why Are People Paying $75,000 to Hear Chelsea Clinton Speak?

Amy Chozick's story in The New York Times on Wednesday about the massive fees Chelsea Clinton receives for speaking engagements has a number of hilarious things...



Crumbs Closing Marks The End Of The Cupcake Bubble?

Cupcake giant Crumbs Bake Shop is apparently headed for bankruptcyAs of Monday, July 8th, Crumbs Bake Shop Inc (OTCMKTS:CRMB) has closed all 49 locations and is considering its options, including bankruptcy. Crumbs Bake Shop is a national chain...



'The Wage Growth Gap for Recent College Grads'

Via the SF Fed: The Wage Growth Gap for Recent College Grads, by Bart Hobijn and Leila Bengali, FRBSF Economic Letter: Starting wages of recent college graduates have essentially been flat since the onset of the Great Recession in 2007. Median weekly...



Ideas for Renewing American Prosperity

If you could propose one change in American policy, society or culture to revive prosperity and self-confidence, what would it be and...



If Congress Wants to Know Who's Responsible for the Immigration Crisis, It Should Look in a Mirror

Why do we have an enormous backlog of immigration cases along our southern border? Well, as far back as 2006 the immigration backlog had already reached 169,000 cases, so the Bush administration asked for more funding for immigration judges. Congress...



Customer Service Hall Of Shame: 24/7 Wall St.



General Motors Recalls 700,000+ More Vehicles

Shares of GM slumped by less than 1% in afternoon tradingIt seems General Motors Company (NYSE:GM) just can’t get past all the recalls. Today the automaker has announced six more recalls covering almost 718,000 vehicles in the U.S. Details on...



Report: Japanese Messaging App Line to Launch $10 Billion IPO

Line, the Japanese company famous for its popular messaging app, filed for an IPO in the $10 billion range, according to a report. CNBC and Reuters report that the company, owned by South Korea's Naver Corp., filed for the public offering about two...



Hamas Just Attempted To Create A Horrific Nuclear Disaster In The Heart Of Israel

After the horrors of the Fukushima nuclear disaster, how insane do you have to be to fire missiles directly at a major nuclear facility?  No matter what side you are on in the conflict between the Israelis and the Palestinians, everyone should be...



Dead economies blow no bubbles

AS MY colleague noted over the weekend, the stopped clock that is the Bank for International Settlements ("the central bank for central banks") is showing the same face to the world that it has for the last few years. In 2011, when unemployment...



Hedge Fund Highlights: Carl Icahn, John Paulson & Sprott Asset Management

Icahn and Ackman Publicly End Feud With an Embrace (New York Times) A dispute between two billionaire investors, Carl C. Icahn and William A. Ackman, ended with a phone call a few weeks ago and, on Wednesday, a public embrace. Mr....



The amazing career of Leon Cooperman

His days start at 5:15 a.m. and end at 11 p.m. But the long hours pay off for Leon Cooperman, billionaire founder of Omega...



Apple poaches Swiss watch exec for iWatch

Apple has hired the sales director of TAG Heuer to help with the launch of its new iWatch, the head of LVMH's watch brands told...



Blog Post: TheAlephBlog: Book Review: Panic, Prosperity, and Progress

I love economic history books, and I believe that most investors should read economic history.  History offers a broader paradigm for analyzing investment situations than mathematical models do.read...



Tyson Foods Strikes Definitive Deal For Hillshire Brands

Hillshire deal would vault Tyson ahead in the company’s efforts to build a business in branded meat productsTyson Foods, Inc. (NYSE:TSN) formally struck a deal on Wednesday to buy Hillshire Brands Co (NYSE:HSH) for $7.7 billion, capping a...



Links for 7-23-14

Debt Disaster Dead-Enders - Paul Krugman Is economics jargon distortionary? - mainly macro A Dearth of Investment in Much-Needed Drugs - NYT Geography Matters Even if it Doesn’t - Growth Economics America’s economy: Jobs are not enough - The...



10 Thursday PM Reads

My afternoon train reads : • Too many professional pessimists? (FT Alphaville) • America Is Pumping More Oil Than Ever — and Using It More Intelligently (Slate) • Achieving Greater Long-Term Wealth Through Index Funds...



Amazon Sends Letter To Try To Take Authors “Out Of The Middle” Of The Hachette Dispute

 Amazon is flexing another muscle in the ongoing Hachette dispute. In a letter obtained by the New York Times, David Naggar, VP of Kindle content is offering 100% of all profits for some Hachette authors and has forwarded the offer to the...