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Downloading Music Is Quickly Going Out Of Fashion

First records died, then cassette tapes, then CDs and now, downloads. That's right, we're all but officially in the age of streaming services. Apple might operate the largest online music store in the world, but the Apple Store's iTunes...



Market Power, 'the Profits-Investment Disconnect,' and the Mal-Distribution of Income

Maybe we'll finally start discussing something I've been writing about for years with little traction, how market power affects the distribution of income (the disconnect between income and the contribution to final product that occurs...



Sodastream International Ltd Pops On Pepsi Testing News

Shares of Sodastream International Ltd shot upward by as much as 18% after news the company is testing Pepsi productsSodastream International Ltd (NASDAQ:SODA) has had a rough year, with shares trending downward since January. Today the...



A Billionaire’s $65 Million Gift to Theoretical Physics

Charles T. Munger, a longtime business partner of Warren Buffett, is donating $65 million to the Kavli Institute for Theoretical Physics at the University of California, Santa...



UK recovery slows down as economic growth dips to 0.7% in third quarter

The Office for National Statistics data confirms that growth in July-September slowed from 0.9% in the second...



Solution to the helicopter design problem

See yesterday’s post for background. Here’s the question: In the helicopter activity, pairs of students design paper ”helicopters” and compete to create the copter that takes longest to reach the ground when dropped from a...



A Few Comments on QE

A few comments on QE:• The FOMC is expected to announce the end of QE3 on Wednesday October 29th, following the FOMC meeting next week.• Most research shows that the primary impact of QE on interest rates is from the size of the Fed balance...



Microsoft Corporation (MSFT)’s Cloud Is Finally Shaking the Loch Ness Monster Awake

 Microsoft Corporation (NASDAQ:MSFT)‘s CEO, Satya Nadella has finally helped the company grow back its long neck, resembling a Loch Ness monster. Using the long neck, the software company can now see far into the future, and help in...



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...



The War on ISIS: More Than One Battle

In the Vietnam War, saving Khe Sanh seemed essential. Turned out it...



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 net profit beats

Credit Suisse on Thursday reported third-quarter net profit above analyst forecasts as investment banking revenue...



SEC, Othey Key Agencies Approve Credit Risk Retention Rule

The ‘skin-in-the-game’ rule requires banks to maintain at least 5% of the risk on their books when they securitize loansSix federal agencies have adopted a final rule requiring banks to keep a stake in the mortgages they package and sell. The...



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'

Everything you ever wanted to know about helicopter money: Helicopter money, by Simon Wren-Lewis, Mainly Macro: Periodically articles appear advocating, or discussing, helicopter money. Here is a simple guide to this strange sounding concept. I go in...



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...



Men experience slightly more online harassment — but young women are hit with the most severe forms

Online harassment is pervasive, a new Pew Research study shows. Forty percent of American adults say they have personally experienced such harassment, while 73 percent have seen it happen to others. And those figures become more extreme if you look...



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...



What Happened in Vegas

History repeats: A new plan for mortgages with low down...



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 sells its stake in Tesla as its EV partner grows up

They grow up so fast, don't they? It seems like just yesterday (well, 2009) that Daimler bought a stake in Tesla to give it a boost and secure a partner for electric car development, and the German automaker is now selling that stake a mere...



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...



Breaking News, Page 1

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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...



Sodastream International Ltd Pops On Pepsi Testing News

Shares of Sodastream International Ltd shot upward by as much as 18% after news the company is testing Pepsi productsSodastream International Ltd (NASDAQ:SODA) has had a rough year, with shares trending downward since January. Today the...



UK recovery slows down as economic growth dips to 0.7% in third quarter

The Office for National Statistics data confirms that growth in July-September slowed from 0.9% in the second...



Weekend Must Must Reading: Janet Yellen: Perspectives on Inequality and Opportunity from the Survey of Consumer Finances

Janet Yellen: Perspectives on Inequality and Opportunity from the Survey of Consumer Finances--October 17, 2014: "I think it is appropriate to ask whether this [rising inequality] trend... ...is compatible with values rooted in our nation's...



Solution to the helicopter design problem

See yesterday’s post for background. Here’s the question: In the helicopter activity, pairs of students design paper ”helicopters” and compete to create the copter that takes longest to reach the ground when dropped from a...



Market Power, 'the Profits-Investment Disconnect,' and the Mal-Distribution of Income

Maybe we'll finally start discussing something I've been writing about for years with little traction, how market power affects the distribution of income (the disconnect between income and the contribution to final product that occurs...



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...



How will Saudi Arabia respond to lower oil prices?

Oil prices (along with prices of many other commodities) have fallen dramatically since last summer. Some observers are waiting to see if Saudi Arabia responds with significant cutbacks in production. I say, don’t hold your breath. Source:...



A Few Comments on QE

A few comments on QE:• The FOMC is expected to announce the end of QE3 on Wednesday October 29th, following the FOMC meeting next week.• Most research shows that the primary impact of QE on interest rates is from the size of the Fed balance...



Hedge Fund News: Steven Cohen, Carl Icahn & Lansdowne Partners

New Name, New Office, Similar Performance for Steven Cohen (NYTimes) The best thing federal prosecutors might have done for Steven A. Cohen, the billionaire investor, is to force him to stop managing money for outside investors and convert his once...



Daimler sells its stake in Tesla as its EV partner grows up

They grow up so fast, don't they? It seems like just yesterday (well, 2009) that Daimler bought a stake in Tesla to give it a boost and secure a partner for electric car development, and the German automaker is now selling that stake a mere...



SEC, Othey Key Agencies Approve Credit Risk Retention Rule

The ‘skin-in-the-game’ rule requires banks to maintain at least 5% of the risk on their books when they securitize loansSix federal agencies have adopted a final rule requiring banks to keep a stake in the mortgages they package and sell. The...



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...



Now We Know The Activist Investor's Secret Plan For Yahoo...

As we noted last week, the activist investor who launched a campaign against Yahoo wants to combine the company's operations with AOL. The investor, Starboard, also tantalizingly suggested that this combination would leave AOL as the surviving...



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...



The War on ISIS: More Than One Battle

In the Vietnam War, saving Khe Sanh seemed essential. Turned out it...



Canadian Pacific Turnaround Under Ackman a Sign of Next M&A Wave

NEW YORK (TheStreet) -- Corporate restructurings through asset sales,amanagement change and operational improvementamay be laying the foundation foraa new wave of large acquisitions, as C-suites look to M&A as the finalastep in a turnaround. Deal...



Credit Suisse net profit beats

Credit Suisse on Thursday reported third-quarter net profit above analyst forecasts as investment banking revenue...



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...



How Can Tiny Norway Afford to Buy So Many Teslas? A New Freakonomics Radio Podcast

(Photo: Tesla Motors) Until recently, tiny Norway (population 5 million) has been the second largest market for Teslas (after the U.S.). Earlier this year, Tesla’s Model S became the best-selling car in the country ever for a one-month...