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What Your Chipotle Burrito Is Trying To Tell You About The Economy

Have you recently eaten a Chipotle burrito in front of the TV while binge-watching one of your shows on Netflix? Maybe? Probably? If so, then you, my sloppy TV friend, just might have the secret answer to the mystery of the future of America's...



Netflix Is Going To Start Selling Gift Cards In Stores

You may soon be able to get a Netflix subscription at your neighborhood grocery store. The streaming video service announced in a letter to investors Monday that it's going to start selling physical gift cards in "select stores" in the...



Tuesday: CPI, Existing Home Sales, Richmond Fed Mfg Survey

Here is a followup on an earlier article concerning short sale fraud, from E. Scott Reckard at the LA Times: Former BofA short-sales employee gets prison term for taking bribes A former Bank of America mortgage employee was sentenced to 30 months in...



TIME WARNER DIGS IN: Board Removes Ability For Shareholders To Force Vote On Fox Offer

Time Warner's board just changed the company's bylaws to prevent a small group of shareholders from forcing a vote on Fox's offer for the company. The new amendment, which is effective immediately, removed a standard provision that allows...



Dissecting the bull case for China

Regular readers will know that I have been relatively cautious on the outlook for China. But despite recent dire headlines such as China debt surges to 251% of GDP, China has not crashed. What`s more, I have seen a number of bullish calls on Chinese and...



Apple Orders Massive Number of Bigger iPhones

Apple is preparing for its largest initial production run of iPhones this year, betting that 4.7- and 5.5-inch screens will lure consumers now attracted to similar phones from Samsung and...



Italian Firm Offers Tesla Motors Inc Inspired Superbikes

Inspired by the success of Tesla Motors Model S, an Italian bike company plans to roll-out battery-powered superbikes.Tesla Motors Inc (NASDAQ:TSLA) has been the first truly successful automaker mastering the battery-powered engine, now a company based...



Everyone Loves Apple Once Again (AAPL)

Apple reports earnings on Tuesday, July 22. (Depending on when you read this, that might be tomorrow.) A lot has changed since Apple's last reported earnings at the end of April.  Apple split its stock 7-for-1.  Apple paid $3...



Ackman: Why Herbalife will collapse

Bill Ackman said Pershing Square's presentation of a Herbalife investigation will "expose incredible...



Barclays Dark Pool Drew Early Alarms on Fast Trading

Trading firms and employees raised concerns about high-speed traders at Barclays's dark pool months before the New York attorney general alleged in June that the firm lied to clients about the extent of predatory trading activity on the electronic...



'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...



Elliott Said To Push EMC Corporation To Spin Off VMware

Shares of EMC Corporation (EMC) rose as much as 5%, while VMware slumped by 2% in afternoon trading todayEMC Corporation (NYSE:EMC) is apparently being targeted by activist investment firm Elliott Capital Management, which is pressuring it to spin off...



Valeant Drags Regulators Into Allergan Fight

Valeant claims that Allergan made misleading statements about its Bausch + Lomb divisionValeant Pharmaceuticals Intl Inc (NYSE:VRX) said it has officially complained to regulators in the U.S. and Canada about statements Allergan, Inc. (NYSE:AGN) made....



Fast food chains in safety inspection

McDonald's and Yum! Brands will stop using products supplied by a local meat processor after a regulator halted operations over food safety...



House Republicans Take Aim at Dodd-Frank

House Financial Services Committee Republicans are mounting fresh criticism of the 2010 Dodd-Frank financial law in a report to be released...



Further reading

Elsewhere on Monday, - Alibaba’s IPO and the scions of Chinese leaders. - “The purpose of investing… is not to die poor.” - The Fed’s intervention in biotech and internet stocks.Continue reading: Further...



BLOOMBERG: Fox Is Considering Selling Sky Assets To Get $13.5 Billion More For Its Time Warner Bid



Bill Ackman Is About To Deliver Another 'Nail To Herbalife's Coffin' (HLF)

Famed investor Bill Ackman has been in a long-running battle against Herbalife, a maker of health shakes. Ackman is loudly short the company, and believes the business is scam. Anyway, Value investor Whitney Tilson, who runs Kase Capital, writes that...



In a Subprime Bubble for Used Cars, Unfit Borrowers Pay Sky-High Rates

Millions of Americans are receiving auto loans they cannot possibly afford, in a lending climate marked by some of the same lack of caution seen in the housing industry before its 2008...



Links for 7-20-14

Always Inflation Somewhere - Paul Krugman Many ways of being smart - Stumbling and Mumbling A short note on tobacco packaging - mainly macro The TTP: Review of the debate on economic blogs - vox The Most Transparent Central Bank in the World? - Carola...



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



Corporate inversions: the facts

Those who claim that companies seeking to reincorporate overseas in order to reduce their tax burdens are "unpatriotic" are not only ignorant of the law but also ignorant of how businesses operate. If there is any one message that should be...



Netflix tests private viewing mode to hide your B-movie binges

We’ve all been down that road: You decide to watch some roadhouse B-movie fare on Netflix, hoping that it will be fun on some level, but it ends up just being a very bad choice — one that you and everyone sharing your account are...



Renaissance, Barclays, Deutsche To Explain Tax Treatment

"Basket options" at center of probe as derivatives typically receive beneficial tax treatment Renaissance Technologies is a hedge fund known to use quantitative methods to obtain an advantage in the market. Today we learned they are going to be...



FedEx faces charges over online drugs

FedEx was indicted for shipping packages from illegal online pharmacies despite repeated warnings from U.S. drug enforcement...



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Halbig said it was applying the law as written. Don’t believe it.

In the Wall Street Journal this morning, Jonathan Adler and Michael Cannon, the two principal architects of the exchange litigation, have an op-ed about Halbig and King. They write that “[t]he president’s defenders often concede that he is...



Berkshire Hathaway, Liberty Mutual And Asbestos

Berkshire Hathaway, Liberty Mutual And Asbestos by David Merkel, CFA of The Aleph Blog Recently, a friend of mine from Canada came to stay with me.  We talked about a wide number of things, but when we talked about investing, I described insurance...



Chart of the Day: Oil Is Getting Harder and Harder to Find

Oil expert James Hamilton has an interesting summary of the current world oil market up today, and it's worth a read. His bottom line, however, is that $100-per-barrel oil is here to stay: The run-up of oil prices over the last decade resulted...



McDonald's Expects More Challenges

McDonald's is trying to fix the fundamentals of its business as the fast-food company plans for more weakness this...



The Conservative Ruling Against Obamacare Is Legally Laughable

Yesterday saw the release of two conflicting court decisions that may decide the future of the Affordable Care Act. Both decisions, from the D.C. and Fourth Circuit federal courts of appeals,...



Food chains dragged into food scandal

A food scandal in China is spreading, dragging in Starbucks, Burger King and others, as well as McDonald's products from...



Hedge Fund News: Larry Robbins, Ken Griffin & Winton Capital Management

Hedge fund manager Winton Capital making headway with long-only strategy (PIOnline) North American investors are helping Winton Capital Management Ltd. make progress — albeit slowly — toward its founder’s goal of becoming a $100...



What Your Chipotle Burrito Is Trying To Tell You About The Economy

Have you recently eaten a Chipotle burrito in front of the TV while binge-watching one of your shows on Netflix? Maybe? Probably? If so, then you, my sloppy TV friend, just might have the secret answer to the mystery of the future of America's...



This Shamefully Dishonest Obamacare Ruling Could Blow Up in the GOP's Face

The case of Halbig v. Burwell (formerly Halbig v. Sebelius), in which plaintiffs are attempting to void Affordable Care Act subsidies in states that didn't set up their own healthcare exchanges, was and remains a fundamentally dishonest solicitation...



MAGIC 7: Experts Close In on Optimal Night's Sleep...

MAGIC 7: Experts Close In on Optimal Night's Sleep...(Third column, 21st story, link) ...



Another False Alarm on US Inflation

Gavyn Davies: Another false alarm on US inflation?, by Gavyn Davies: There have been a few false alarms about a possible upsurge in inflation in the US in the past few years... There is an entrenched belief among some observers that the huge rise in...



CIT to Buy OneWest for $3.4 Billion

The CIT Group, the lender to small and midsize businesses run by John A. Thain, has agreed to acquire the parent company of OneWest Bank for $3.4 billion in cash and...



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...



TIME WARNER DIGS IN: Board Removes Ability For Shareholders To Force Vote On Fox Offer

Time Warner's board just changed the company's bylaws to prevent a small group of shareholders from forcing a vote on Fox's offer for the company. The new amendment, which is effective immediately, removed a standard provision that allows...



Vegans Rejoice: Meat Prices Rising More Than Fresh Fruits and Vegetables

It’s a good time to be a vegan. Meat prices are up 9.4% in June from a year earlier, and pork, fish and eggs are more expensive, too. Prices for the food Americans buy in grocery stores were flat in June and up 2.4% from a year ago, the Labor...



Blog Post: TheAlephBlog: Book Review: The Secret Club that Runs the World

This is a very good book; I learned a lot as I read it, and you will too.read...



Elliott Said To Push EMC Corporation To Spin Off VMware

Shares of EMC Corporation (EMC) rose as much as 5%, while VMware slumped by 2% in afternoon trading todayEMC Corporation (NYSE:EMC) is apparently being targeted by activist investment firm Elliott Capital Management, which is pressuring it to spin off...



'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...



Links for 7-22-14

An Imaginary Budget and Debt Crisis - Paul Krugman Long-term damage of the US court’s Argentinian debt ruling - vox More on Step-(Un)Wise Regression and Pre-Testing - Dave Giles The Inflation Truther Crank Index - Bloomberg View GDP Growth: Will...



Domestic and Indian Gold Rally Strong In H1 2014

Domestic and Indian Gold Rally Points to a Strong Second Half by Frank Holmes Earlier this week we reported that gold, defying expectations, is one of the best-performing commodities of the year so far. And now we’ve learned that gold bullion...