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The Occupy movement has grown up — and looks to inflict real pain on big banks

A new coalition could set up a big congressional fight in 2017 over the future structure of Wall...



US and European stocks jump (1639583)

Stocks in the US and Europe rose sharply on Tuesday. The S&P 500 jumped 1.4 percent and the STOXX Europe 600 surged 2.2 percent. "Some of the economic news that's come out has been fairly nice," said Tom Carter, managing director at...



New Home Sales increased sharply to 619,000 Annual Rate in April

The Census Bureau reports New Home Sales in April were at a seasonally adjusted annual rate (SAAR) of 619 thousand. The previous three months were revised up by a total of 44 thousand (SAAR)."Sales of new single-family houses in April 2016 were at a...



A historic number of millennials are living with their parents

Millennials are staying at home. According to a new study by the Pew Research Center, millennial men are more likely to live with their parents than with a spouse or partner, with 35% staying with mom and dad, and just 28% living with a...



The Trump Supporters in Econ Departments and Central Banks Everywhere

Eduardo Porter used his NYT column this week to remind us that we have seen people like Donald Trump before and it didn't turn out well. Porter is of course right, but it is worth carrying the argument a bit further. Hitler came to power following...



Trump Embraces the Fringe

Michael Gersen: “As a leader, Trump has succeeded by appealing to stereotypes and ugly hatreds that most American leaders have struggled to repress and contain, His political universe consists of deceptive experts, of scheming, of criminal...



More Presidential Betting Odds

In a post yesterday, we highlighted the fact that based on trading in the Iowa Electronic Markets (IEM), the odds for the Democratic nominee to win the Presidential election in November were crashing.  We pointed out that while other betting markets...



McAuliffe Under Federal Investigation

Virginia Gov. Terry McAuliffe (D) “is the subject of an ongoing investigation by the FBI and prosecutors from the Justice Department’s public integrity unit,” CNN reports. “The investigation dates to at least...



Facebook to Highlight Moments in Archived Facebook Live Videos With Most Engagement

Facebook users watching archived Facebook Live videos may soon have a way to skip to the “highlights.” Josh Constine of TechCrunch reported that the social network is preparing a visualized timeline displaying the points during...



Links for 05-24-16

Bad arguments against Marxism - Chris Dillow Interview with Matthew Gentzkow - FRB Minneapolis The Truth About the Sanders Movement - Paul Krugman Can Two Wrongs Make a Right? (Forecasting) - macroblog Who Bears the Cost of Recessions? - NBER The...



Stocks mostly fall but rise in China despite need for "massive bailout" (1639194)

Stocks mostly fell on Monday. The S&P 500 fell 0.2 percent, the STOXX Europe 600 fell 0.4 percent and the Nikkei 225 fell 0.5 percent. However, the Shanghai Composite Index rose 0.6 percent even as banking analyst Charlene Chu of Autonomous Research...



Bernie supporters sue to have voter registration extended...

Bernie supporters sue to have voter registration extended...(Top headline, 2nd story, link)Related stories:CALIFORNIA IS EVERYTHING!BRIDGES BERNING: Dem Sens Threaten Sanders...PAPER: WHY DOES EVERYONE HATE HILLARY?Dropped 'Gender Talk' After...



Can we plan for the next pandemic?

From Ron Klain, the former Ebola czar, in the Washington Post: If it seems like the world is being threatened by new infectious diseases with increasing frequency—H1N1 in 2009-2010, MERS in 2012, Ebola in 2014, Zika in 2016, yellow fever on the...



Dueling Nowcasts

Jim Hamilton: Dueling nowcasts: The second quarter of 2016 is now more than half over, but we won’t receive the first reading on 2016:Q2 GDP from the BEA until the end of July. A forecast of something that is happening right now is sometimes...



Trump and Trade: Better Wages Offset the Cost of Higher Priced TVs

The NYT had a piece assessing which of Donald Trump's promises he would be able to keep if he got in the White House. When discussing trade the piece implied that most workers would be hurt by his efforts to reduce the trade deficit since it would...



McCloskey on Growth

A great article in today's Wall Street...



The Poor Pay More: New Goods Benefit the Rich

Max Ehrenfreund had an interesting column reporting on research that showed the prices of goods purchased by higher income households fell more rapidly than the prices of goods purchased by lower income households. The basic argument is that new goods...



Is Motorola bringing back the Razr?

Ahh, the Motorola Razr. Released in 2004, it became one of the most iconic gadgets of all-time and, until the iPhone, it was the world's best-selling cell phone. And it could be making a comeback. That is, if a new teaser from Motorola is to be...



In Sweden, an Experiment Turns Shorter Workdays Into Bigger Gains

A trial in the city of Gothenburg mandates a six-hour day and is testing whether it can reduce absenteeism and increase...



BHS has only itself to blame for its pension troubles

Here’s an odd argument the Bank of England is somehow to blame for BHS’s massive pension hole. This is the key bit: The investment environment fundamentally changed post-2008. To keep the UK economy liquid in the crisis, between...



A Perfect Storm To Hit Traditional Advisories, Says JD Power

Changes in technology, regulations and demographics will create hybrid firms, according to a company...



Is ‘Doom’ Worth Buying for the Campaign?

Doom had a multiplayer beta recently to give gamers a taste of what to expect from this reboot of one of the most important first-person shooter franchises of all time. We enjoyed it well enough, but not everyone is into online multiplayer. Since Doom...



Golfer Phil Mickelson Is Named In Insider Trading Case



Manufacturers Reported Tenuous Growth in May

May 19, 2016 — Manufacturing growth in the region was tenuous in May, according to firms responding to this month’s Manufacturing Business Outlook Survey. The diffusion index for current activity was essentially unchanged at -1.8 this...



What If Clinton Gets Indicted?

It would scramble the campaign if Hillary or her aides lose the vital FBI...



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Stocks Extend Rally, Buoyed by Oil

U.S. stocks marched higher, driven by gains in energy and financial shares. The move higher has come as oil prices approach $50 a barrel and investors appear more comfortable with the prospect of higher interest rates as early as this...



Monster tornado gives teens epic prom photo

Enough with the promposals, guys. How about a prom with some real drama, some fireworks to make the night really memorable?  One Colorado couple has you covered. SEE ALSO: Political teen takes cardboard cutout of Bernie Sanders to senior...



Can we plan for the next pandemic?

From Ron Klain, the former Ebola czar, in the Washington Post: If it seems like the world is being threatened by new infectious diseases with increasing frequency—H1N1 in 2009-2010, MERS in 2012, Ebola in 2014, Zika in 2016, yellow fever on the...



Morgan Stanley has to pay two former professional athletes over $800,000

FA Insights is a daily newsletter from Business Insider that delivers the top news and commentary for financial advisors. Morgan Stanley has to pay two former professional athletes over $800,000 (FA Magazine) The Financial Industry Regulatory Authority...



Trump’s Plan to Push Conspiracy Theories May Work

New Republic: “Trump’s proclivity toward outlandish stories about hidden machinations will present a particular problem to his likely general-election opponent, Hillary Clinton. Given his long record of conspiracy-mongering, it’s...



Don’t panic about House v. Burwell.

From the New York Times on what might happen if the House prevails in House v. Burwell: A study by the Department of Health and Human Services estimated that premiums for midlevel “silver plans” could rise by nearly 30 percent without...



These Two Links Don’t Sit Easily Together

This morning, two different people sent me these two links: What the hell is going on? What the hell is going on? To answer Tyler’s question at the end of (1), I think we are going to find...



GET READY: Here's your full preview of this week's big market-moving events (SPY, SPX, DJI, IXIC, QQQ, IWIM, USD, DXY, USO, WTI, OIL, VDE,...

It turns out the US consumer is still doing fine. This was thrown into doubt last week as the peak season for big-box retail earnings started on a sour note. Macy's lowered its earnings guidance for the year with some bleak commentary,...



Slow PC? 8 Reasons Your Computer is Running So Slow

Source: Thinkstock Experiencing frustration due to a slow computer? It happens, but you also might be asking too much of your computer setup. Finding the problem might be extremely frustrating if you don’t know where to look, and there are many...