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Philly Fed: State Coincident Indexes increased in 43 states in September

From the Philly Fed: The Federal Reserve Bank of Philadelphia has released the coincident indexes for the 50 states for September 2014. In the past month, the indexes increased in 43 states, decreased in four, and remained stable in three, for a...



Tell Me Something I Don’t Know: A New Freakonomics Radio Podcast

A few years ago, I developed a habit. If the person sitting next to me on an airplane seemed like they wanted to have a conversation, I’d ask them a bit about themselves — let’s say they worked in civil engineering...



Economic Disasters: The Butterfly Machine, Black Swans

Economic Disasters: The Butterfly Machine by David Merkel, CFA of The Aleph Blog There’s a phenomenon called the Butterfly Effect.  One common quotation is “It has been said that something as small as the flutter of a...



Where’s my flying hoverboard? (Back to the Future)

From The Daily Beast: Greg and Jill Henderson, founders of Hendo, have developed a real hoverboard. Yes, the flying skateboard that millions of moviegoers have wished were real since Back to the Future Part II premiered back in 1989 may become the...



Credit Suisse Group AG Profits Beat Forecast; But Cautious Near-Term

Credit Suisse has accelerated its plan to trim its investment banking division to achieve leverage exposure of about 1.05 trillion francsCredit Suisse Group AG (ADR) (NYSE:CS) unveiled its third-quarter results Thursday, highlighting that its...



Six federal agencies jointly approve final risk retention rule

Six federal agencies jointly approve final risk retention...



Why Rising Rents Haven’t Pumped Up Inflation

Policy makers and economy-watchers now seem more worried about disinflation rather than accelerating inflation. That wasn’t the expectation at the start of the year. In January, economists surveyed by The Wall Street Journal expected...



Helicopter Money in the Midst of a PLOG

Mark Thoma and his readings have pulled together a nice collection of writing on a concept known as “helicopter money”. To be honest, as I read all the links I decided to fire off my own comment which needs a little refining. My opening...



JPMorgan Chase Execs Knew Of China Hiring Issues Before Probe [REPORT]

JPMorgan Chase execs knew of China hiring problems since 2011According to knowledgeable Wall Street Journal sources, a number of senior execs at JPMorgan Chase & Co. (NYSE:JPM) in New York were advised of potential problems related to the...



Four-in-Ten Internet Users Have Been Harassed Online

73% of adult internet users have seen someone be harassed in some way online and 40% have personally experienced...



Americans’ Social Security Benefits to Likely Increase 1.7% in 2015

Americans who receive Social Security benefits will see a modest increase in their checks next year to cover higher consumer prices. The annual cost-of-living adjustment will likely amount to 1.7% for 2015, according to inflation data released...



97% Mortgages are 100% Insane

I am not sure there was ever any excuse for considering a 97% loan-to-value mortgage as "sensible" or "responsible."  After all, even without a drop in the market, the buyer is likely underwater on day one (net of real estate...



GT Advanced, Apple in Deal for 'Amicable' Split-Up

GT Advanced Technologies has signed a pact with Apple Inc. for an “amicable parting of the ways,” Luc Despins, attorney for the bankrupt supplier to the technology giant, said...



Daimler Sold Its Remaining 4% Stake In Tesla Motors Inc

Daimler AG, who was an initial investor in Tesla, has sold its remaining stake in the EV company for $780 millionDaimler AG sold its remaining 4% stake in Tesla Motors Inc (NASDAQ:TSLA) and earned $780 million. According to the Wall Street Journal, the...



Has Apple stock peaked? Experts debate

Analysts disagree over the future of Apple's...



Dan Loeb talks up Amgen

Hedge fund manager Dan Loeb recommended Amgen's stock Tuesday, causing shares to rise about 4 percent on the...



Fly the Derpy Skies

Why was Ron Paul staring at...



Rally Monkey is back from his year-long vacation to celebrate biggest 1-day S&P gain since 2011

After a few weeks of plummeting bond yields, crashing stock markets, and panicked calls for additional asset purchases by the Federal Reserve, an old friend returned: The S&P 500 gained nearly 2 per cent in one day, the biggest single-session...



McDonald's Vows Fresh Thinking After Revenues Decline 30%; Mish Offers Some Advice

A 30% decline in revenues for McDonald's is quite startling to most. I wonder why such a decline took so long.In response to that pathetic performance, McDonald’s Vows Fresh Thinking. McDonald’s Corp. outlined plans for what it called...



Ocwen Financial Corp Shares Slammed By Backdating Allegations

Following a new letter in an ongoing investigation, Ocwen dropped nearly 23% at one point in today's trading.Benjamin Lawsky, The NY superintendent of the Department of Financial services stated in a letter today that he “intends to take...



Liberals are more likely to unfriend you over politics — online and off

Data from the Pew Research Journalism Project shows that conservatives are less likely to have their views challenged on social media — but liberals are more likely to block or unfriend someone online because they disagree...



Wonkblog: Rush Limbaugh is America’s least-trusted news source

Thirty-nine percent of Americans say they don't trust Rush Limbaugh when it comes to news about government and politics, giving the radio personality the highest untrustworthiness rating of 36 news sources included in a recent Pew Research...



OSCAR DE LA RENTA: Designer Who Clothed Stars, and Became One...

OSCAR DE LA RENTA: Designer Who Clothed Stars, and Became One...(Second column, 4th story, link) ...



Buffett Hammered By IBM, Tesco, Coke And Winters

Coke fails to adjust to new market reality as sales sag and investors want actionIt’s been a rough earnings season for Warren Buffett thus far. Buffett lost almost $1 billion on Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B)’s third...



Intel Capital invests $28 mln in five Chinese smart devices startups

Intel Capital said it has put $28 million to work in five Chinese companies making new-generation hardware and related technologies, including wearables and Internet of things devices and components. The investments are the first from the...



Breaking News, Page 1

Older >

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Where’s my flying hoverboard? (Back to the Future)

From The Daily Beast: Greg and Jill Henderson, founders of Hendo, have developed a real hoverboard. Yes, the flying skateboard that millions of moviegoers have wished were real since Back to the Future Part II premiered back in 1989 may become the...



Americans’ Social Security Benefits to Likely Increase 1.7% in 2015

Americans who receive Social Security benefits will see a modest increase in their checks next year to cover higher consumer prices. The annual cost-of-living adjustment will likely amount to 1.7% for 2015, according to inflation data released...



Daimler Sold Its Remaining 4% Stake In Tesla Motors Inc

Daimler AG, who was an initial investor in Tesla, has sold its remaining stake in the EV company for $780 millionDaimler AG sold its remaining 4% stake in Tesla Motors Inc (NASDAQ:TSLA) and earned $780 million. According to the Wall Street Journal, the...



Six federal agencies jointly approve final risk retention rule

Six federal agencies jointly approve final risk retention...



Economic Disasters: The Butterfly Machine, Black Swans

Economic Disasters: The Butterfly Machine by David Merkel, CFA of The Aleph Blog There’s a phenomenon called the Butterfly Effect.  One common quotation is “It has been said that something as small as the flutter of a...



JPMorgan Chase Execs Knew Of China Hiring Issues Before Probe [REPORT]

JPMorgan Chase execs knew of China hiring problems since 2011According to knowledgeable Wall Street Journal sources, a number of senior execs at JPMorgan Chase & Co. (NYSE:JPM) in New York were advised of potential problems related to the...



Dan Loeb talks up Amgen

Hedge fund manager Dan Loeb recommended Amgen's stock Tuesday, causing shares to rise about 4 percent on the...



GT Advanced, Apple in Deal for 'Amicable' Split-Up

GT Advanced Technologies has signed a pact with Apple Inc. for an “amicable parting of the ways,” Luc Despins, attorney for the bankrupt supplier to the technology giant, said...



Four-in-Ten Internet Users Have Been Harassed Online

73% of adult internet users have seen someone be harassed in some way online and 40% have personally experienced...



Has Apple stock peaked? Experts debate

Analysts disagree over the future of Apple's...



Tell Me Something I Don’t Know: A New Freakonomics Radio Podcast

A few years ago, I developed a habit. If the person sitting next to me on an airplane seemed like they wanted to have a conversation, I’d ask them a bit about themselves — let’s say they worked in civil engineering...



Credit Suisse Group AG Profits Beat Forecast; But Cautious Near-Term

Credit Suisse has accelerated its plan to trim its investment banking division to achieve leverage exposure of about 1.05 trillion francsCredit Suisse Group AG (ADR) (NYSE:CS) unveiled its third-quarter results Thursday, highlighting that its...



Philly Fed: State Coincident Indexes increased in 43 states in September

From the Philly Fed: The Federal Reserve Bank of Philadelphia has released the coincident indexes for the 50 states for September 2014. In the past month, the indexes increased in 43 states, decreased in four, and remained stable in three, for a...



Banks Cash In on Tax Trade

"Dividend arbitrage" helps big banks generate more than $1 billion a year by helping hedge funds reduce taxes, but it has drawn criticism from U.S....



McDonald's Vows Fresh Thinking After Revenues Decline 30%; Mish Offers Some Advice

A 30% decline in revenues for McDonald's is quite startling to most. I wonder why such a decline took so long.In response to that pathetic performance, McDonald’s Vows Fresh Thinking. McDonald’s Corp. outlined plans for what it called...



A Look at Case-Shiller by Metro Area

The S&P Case-Shiller national home price index is up just 5.6% in the year ended in July, continuing a slowing trend since late 2013. Las Vegas was one of just three cities to report double-digit annual gains in July. Getty Images The index...



Fly the Derpy Skies

Why was Ron Paul staring at...



Chipotle Lacks Diaper Changing Table, Mom Changes Toddler On The Dining Table Instead

(Josh Bassett)Chipotle has a kids’ menu with tiny quesadillas and organic milk, and offers high chairs in its dining rooms. They seemed to Chad like an establishment that welcomes and accommodates families with small children. When his wife...



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No new topic stories available, please search or visit clevelandfed.org for new stories. Thank you -- Mon, 20 Oct...



97% Mortgages are 100% Insane

I am not sure there was ever any excuse for considering a 97% loan-to-value mortgage as "sensible" or "responsible."  After all, even without a drop in the market, the buyer is likely underwater on day one (net of real estate...