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China to Officially Make Ride-Hailing Legal

Although Uber and its Chinese rival Didi Chuxing have had huge success, and billions in investment, in the country, they had operated in a legal gray...



Pete Mladina, “What You Thought Was Skill Was Just Risk Premia”

Pete Mladina, “What You Thought Was Skill Was Just Risk Premia” by Meb Faber Guest: Pete Mladina. Pete is the Director of Portfolio Research for Wealth Management at Northern Trust. He is responsible for the application of leading...



Clinton’s Convention Was Made for TV

“Hillary Clinton has so far been putting on a better television show in Philadelphia than Donald Trump did in Cleveland,” the New York Times reports. “Expectations had it the other way around. Mr. Trump is the bona fide...



Monthly Volatility Of The U.S. Stock Marktet [Chart]

My last volatility graph, this time looking at monthly price change instead of daily or weekly. The S&P 500 daily price data is from the Yahoo finance via Qunadl. Via Visualizing Economics BTW, if you want learn more about how I do what I do,...



Was Apple’s earnings beat too impressive?

Apple's forecast-beating earnings Tuesday left some analysts worried it's selling too many of its lower cost iPhone SE...



Twitter, Sky Sports Reach Deal for Premier League Highlights, Goals

Live video streaming was a key point of discussion during Twitter’s second-quarter-2016 earnings call Tuesday, and it didn’t take the social network long to ink another pact. Sky News reported that Twitter reached an agreement with Sky...



Today’s FOMC Statement

Here’s today’s statement: Information received since the Federal Open Market Committee met in June indicates that the labor market strengthened and that economic activity has been expanding at a moderate rate. Job gains were strong...



Tumblr advertising push could bring it back in favor with Verizon's help

Soon, Tumblr will have a new parent, and soon, it will help pay more of the bills. The blogging site, owned by Yahoo (which is in the process of being acquired by Verizon), is introducing a new advertising program that will place ads on each one of its...



Facebook Advertisers Can Create Custom Audiences Based on Time Spent on Websites

Facebook has added time spent on websites to the list of criteria for creating custom audiences. Reader Chris Ruberg, digital marketing specialist at OneCommand, shared the screenshots below with SocialTimes. Advertisers can narrow down their target...



Tesla Model 3 Could Generate $20B Per Year: Musk

Tesla’s Model 3 could create $20 billion in revenue per year and an annual gross profit of about $5 billion, said CEO Elon Musk. At a press conference on Tuesday at Tesla’s Gigafactory in the Nevada desert, Musk told reporters,...



Trump Won’t Release His Taxes

Paul Manafort told CBS News that Donald Trump would not be releasing his tax information. Said Manafort: “Mr. Trump has said that his taxes are under audit and he will not be releasing them… It has nothing to do with Russia, it has...



The Fight for $15 Will Hit North Philly Hard

Not far from Democrats’ soiree, teen unemployment is at 42%. What if the minimum wage...



At World’s Largest Hedge Fund, Sex, Fear and Video Surveillance

Christopher Tarui’s complaint and interviews with former employees of the world’s largest hedge fund firm describe an atmosphere of surveillance that silences those who don’t fit the...



Famed TV psychic Miss Cleo reportedly dead at 53

Youree Harris — better known as TV psychic Miss Cleo in '90s commercials — has died at 53 following a cancer battle, TMZ reports. Harris passed away Tuesday morning in Florida.  Check out one of her famous "Call me...



Goldman Sachs is having a rough week

Goldman Sachs is having a rough week. On Tuesday, news broke that the firm is being sued for allegedly breaching its fiduciary duty. The private equity firm Primus Pacific Partners — a shareholder of one of Goldman's...



Trump Jr.’s Pants-on-Fire Allegation of Manipulated Jobs Numbers

Jeff Frankel at Econbrowser: Trump Jr.’s Pants-on-Fire Allegation of Manipulated Jobs Numbers: When interviewed about the unemployment numbers, which have fallen steadily since 2010, Donald Trump Jr., replied “These are artificial numbers....



Tuesday assorted links

1. Binyamin Appelbaum profiles Lael Brainard (NYT). 2. When the husband is more stylish. 3. Adults have become shorter in many countries (NYT), and which nations have the tallest men and women?  Here is the paper. 4. When will the roach milk markets...



Non-Traded REIT Sales Plunge 75% in Three Years

Investment News: Over the first five months of the year, sales of full-commission REITs, which typically carry a 7% payout to the adviser and 3% commission to the broker-dealer the adviser works for, have dropped a staggering 70.5% when compared with the...



Andrew Ross Sorkin Doesn't Like Glass-Steagall, So Is He Making Things Up to Push His Case?

That's the question millions are asking after reading his column noting that both the Democratic and Republican platforms call for re-instating Glass-Steagall. (It is important to note that the Democrats refer to the 21st Century Glass-Steagall Act...



Verizon Buys Yahoo For $4.8 Billion In Cash, Touting Gains In Mobile

The deal comes more than a year after Verizon paid $4.4 billion to acquire AOL; as part of Verizon, Yahoo will join the same division AOL currently...



Pulled Pork Recipes: 5 Different Styles and Flavors

Most food trends are irksome at best. Not everybody wants kale in every salad they eat or another side of roasted Brussels sprouts. Occasionally, though, there’s a surge for some seriously delicious eats. Bacon is a great example, but let’s...



Was This Study Even Peer-Reviewed?

Amid the nightmare of the past three weeks, with black men being shot by cops, and then black men shooting cops, the New York Times ran a surprising front-page headline: “Analysis Finds No Racial Bias in Lethal Force.” Nestled between...



The Big Lie About Student Loan Debt You Shouldn’t Believe

Student loan debt | Source: iStock We’ve been hearing the dire warning for years: The $1.2 trillion Americans collectively owe in student loan debt is dragging down the housing market. Millions of young people are unable to become homeowners...



Bernie Backers March, Chant 'Lock Her Up!'...

Bernie Backers March, Chant 'Lock Her Up!'...(Third column, 4th story, link)Related stories:Clinton to re-re-re-re-re-introduce self...GORE TO SKIP CONVENTION...Leaked DNC Documents Show Plans To Reward Big Donors With Federal Appointments... ...



CNN POLL: TRUMP ROCKETS TO LEAD...

CNN POLL: TRUMP ROCKETS TO LEAD...(Second column, 2nd story, link)Related stories:Obama brother voting for Donald...Bloomberg Will Endorse Clinton... ...



Breaking News, Page 1

Older >

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China to Officially Make Ride-Hailing Legal

Although Uber and its Chinese rival Didi Chuxing have had huge success, and billions in investment, in the country, they had operated in a legal gray...



Was Apple’s earnings beat too impressive?

Apple's forecast-beating earnings Tuesday left some analysts worried it's selling too many of its lower cost iPhone SE...



Trump Jr.’s Pants-on-Fire Allegation of Manipulated Jobs Numbers

Jeff Frankel at Econbrowser: Trump Jr.’s Pants-on-Fire Allegation of Manipulated Jobs Numbers: When interviewed about the unemployment numbers, which have fallen steadily since 2010, Donald Trump Jr., replied “These are artificial numbers....



CNN POLL: TRUMP ROCKETS TO LEAD...

CNN POLL: TRUMP ROCKETS TO LEAD...(Second column, 2nd story, link)Related stories:Obama brother voting for Donald...Bloomberg Will Endorse Clinton... ...



The 7 Most Dead End Jobs

Dead end sign | Simon Hayter/Getty Images One of our biggest career-related fears is being stuck in a dead end job. While it’s completely understandable to be worried about ending up in a job that makes us miserable, dead end jobs are not only...



Solar Impulse Begins Final Leg Of Historic, Global Flight

More than a year into its journey, the Solar Impulse 2 began the final leg of its global trek, taking off from Cairo and set to land in Abu Dhabi in 2 to 3 days.  The solar powered plane has already completed the most challenging parts of its...



Pete Mladina, “What You Thought Was Skill Was Just Risk Premia”

Pete Mladina, “What You Thought Was Skill Was Just Risk Premia” by Meb Faber Guest: Pete Mladina. Pete is the Director of Portfolio Research for Wealth Management at Northern Trust. He is responsible for the application of leading...



Monthly Volatility Of The U.S. Stock Marktet [Chart]

My last volatility graph, this time looking at monthly price change instead of daily or weekly. The S&P 500 daily price data is from the Yahoo finance via Qunadl. Via Visualizing Economics BTW, if you want learn more about how I do what I do,...



Trump Won’t Release His Taxes

Paul Manafort told CBS News that Donald Trump would not be releasing his tax information. Said Manafort: “Mr. Trump has said that his taxes are under audit and he will not be releasing them… It has nothing to do with Russia, it has...



Non-Traded REIT Sales Plunge 75% in Three Years

Investment News: Over the first five months of the year, sales of full-commission REITs, which typically carry a 7% payout to the adviser and 3% commission to the broker-dealer the adviser works for, have dropped a staggering 70.5% when compared with the...



SOLDIERS AT ANKARA MILITARY HQ DETAINED...

SOLDIERS AT ANKARA MILITARY HQ DETAINED...(Top headline, 1st story, link)Related stories:OBAMA: ALL PARTIES IN TURKEY SHOULD SUPPORT ERDOGAN GOVT...Does Erdogan want his own Islamic state? ...



Meritocracy In America? Ask the Folks Who Uncovered VW's Cheating

The NYT had an article on the research lab that uncovered Volkswagen's cheating on its emissions. Apparently the lab was run on a grant of $70,000. That would be less than 0.5 percent of your typical CEO's pay. In fact, it would be less than 10...



Russia Was Involved In DNC Email Breach

New York Times: “Until Friday, that charge, with its eerie suggestion of a Kremlin conspiracy to aid Donald J. Trump, has been only whispered. But the release on Friday of some 20,000 stolen emails from the Democratic National...



Facebook Advertisers Can Create Custom Audiences Based on Time Spent on Websites

Facebook has added time spent on websites to the list of criteria for creating custom audiences. Reader Chris Ruberg, digital marketing specialist at OneCommand, shared the screenshots below with SocialTimes. Advertisers can narrow down their target...



Famed TV psychic Miss Cleo reportedly dead at 53

Youree Harris — better known as TV psychic Miss Cleo in '90s commercials — has died at 53 following a cancer battle, TMZ reports. Harris passed away Tuesday morning in Florida.  Check out one of her famous "Call me...



Tuesday assorted links

1. Binyamin Appelbaum profiles Lael Brainard (NYT). 2. When the husband is more stylish. 3. Adults have become shorter in many countries (NYT), and which nations have the tallest men and women?  Here is the paper. 4. When will the roach milk markets...



Morning News: July 20, 2016

U.S. Targets $1 Billion in Assets in Malaysian Embezzlement Case Justice Dept. Will Seek to Block Two Health Insurance Mergers Roger Ailes is Negotiating His Departure as Chairman of Fox News Pimco’s New Turnaround Man: Manny Roman For Berkshire...



Further reading

Elsewhere on Monday, - Bill McBride: The future is still bright! - You break it, you pay for it, Brexit edition. - John Lanchester on Brexit: “One of the things you notice, travelling around the country talking to people about economics, is...



9 Designer Summer Handbags for Under $200

Upgrading your wardrobe for summer can get expensive. From dresses to jeans to bathing suits, there are plenty of cute pieces that you might want for summer, but probably not enough room in the budget to upgrade everything. An especially expensive item...



Today’s FOMC Statement

Here’s today’s statement: Information received since the Federal Open Market Committee met in June indicates that the labor market strengthened and that economic activity has been expanding at a moderate rate. Job gains were strong...