Breaking News, Page 1

Older >

'Does Monopoly Power Cause Inflation? (1968 and all that)'

Nick Rowe: Does monopoly power cause inflation? (1968 and all that): Here's a question for you: Suppose there is a permanent increase in monopoly power across the economy (either firms having more monopoly power in output markets, or unions...



Perry Says Unemployment Rate is Manipulated

Rick Perry told a gathering of the Republican Jewish Coalition that they couldn’t trust the official unemployment rate coming out of Washington, the Huffington Post reports. Said Perry: “It’s been massaged, it’s...



Snow Day Investment Reads

Many of you are likely enjoying a snow day today.  Below are some investments readings to keep you occupied: The Difference Between Good and Bad Markets & Setting Realistic Investing Expectations – Pragmatic Capitalism And the...



The Greek Stand-By Arrangement

Annals of foolish...



Dutch Central Bank President Cites "Financial Bubbles", Voices Strong Opposition to QE in TV Interview; Death by 1,000 Pin Pricks

Mario Draghi has strong opposition to his QE program from two sources: German central bank president Jens Weidmann and Dutch central Bank president Klaas Knot. In a television interview on Sunday, Dutch Central Bank Head Says He Doesn’t Support ECB...



'Nominate A Qualified Undersecretary Of Domestic Finance Now'

This is from Simon Johnson (I didn't follow the debate over the qualifications of Antonio Weiss, the administration's nominee for Undersecretary for Domestic Finance, as closely as I should have, so I don't have much to say about...



Did the Keynesians Get It Wrong in Predicting a Recession in 2013?

I have had several readers send me a blogpost from Scott Sumner saying that the Keynesians have been dishonest in not owning up to the fact that they were wrong in predicting a recession in 2013. The argument is that supposed us Keynesian types all said...



Alwaleed: Oil will never hit $100 again

Saudi Prince Alwaleed said the world will never again see triple-digit oil, but that the Saudis and OPEC will not cut...



Winklevoss twins plan to launch new US-based bitcoin exchange

The Winklevoss twins aren't done with bitcoin yet. Since 2012, the pair so far has invested millions in the cryptocurrency, launched the WinkDex bitcoin price monitor and are still trying...



This Is The Beginning Of The End For The Euro



Tesla stock to stay volatile: Analyst

Investors in the electric carmaker "have to go along for that ride" in volatility, said Adam Jonas of Morgan...



What’s the point of the margin of error?

So . . . the scheduled debate on using margin of error with non-probability panels never happened. We got it started but there was some problem with the webinar software and nobody put the participants could hear anything. The 5 minutes of conversation...



Hedge Fund News: Carl Icahn, Jeffrey Smith, Ray Dalio

Icahn: Oil Will Go Lower, Saudi Arabia Blindsiding The World (CNBC) The price of oil will go lower as supply and demand remain unbalanced, activist investor Carl Icahn said Thursday. Icahn, who spoke with CNBC’s “Fast Money: Halftime...



Paging Robert Burns

O wad some Pow'r the giftie gie us yada...



10 Thoughts Distracting Davos Attendees from Meditating

The World Economic Forum’s annual meeting is now taking place in Davos, Switzerland, as it does every year. In addition to talk of world finance/domination, this year attending business gurus, policymakers, and half-interested celebrities are...



Links for 01-22-15

For The Love Of Capital Income - Paul Krugman Optimizing optimization algorithms - MIT News It’s the Institutions, Stupid! - Gloomy European Economist Unified Growth Theory is not the Enemy - Growth Economics Bitcoins, Gold Bugs and Money - Noah...



CNN to Produce Political Game Show...

CNN to Produce Political Game Show...(Second column, 10th story, link) ...



Republican Senators Finally Admit That Climate Change Is Not a Hoax

The Senate considered three non-binding resolutions on Wednesday about whether they accept that climate change is real. One amendment from Senator Sheldon Whitehouse, a...



Hedge Fund Manager Sends Investors An 'I'm Sorry' Letter For Losing All But $200,000 Of The Firm's Money

Hedge fund manager Owen Li sent a letter to his investors apologizing for losing all but $200,000 of the fund's capital by acting "overzealously," CNBC.com's Lawrence Delevingne reports. Li, who previously worked at convicted...



Hedge Fund News: Paul Singer, Stanley Druckenmiller, Alan Howard

Paul Singer: ‘Cushion to Withstand Risks Is Very Low’ (CNBC) Paul Singer thinks the recent dramatic move in the Swiss franc—and resulting losses—shows just how exposed most investors are to market risk. “Given...



It’s something of a miracle that gas is only $2 per gallon and cheaper than any other liquid consumers buy

ProductCost Per GallonHP Printer Ink$4,500Nyquil$107.52Premium Vodka$76.80Honey$46.72Hair Gel$44.80Pancake Syrup$32.26Red Bull$28.00Windex$23.81Real Lemon Juice$22.91Soy Sauce$22.66Chicken Noodle Soup$21.25Mouthwash$19.65Tide Laundry Detergent$18.18Dawn...



Netflix Teams Up With Marriott To Offer Content On Hotel TVs

Netflix is eying hotels to expand its target audience, and has teamed up with Marriott to expand its services to their guests. Marriott is also allowing its guests to access services offered by Hulu and Pandora as well as Netflix in its new in-room...



The Chinese money supply

Derek Scissors reports: Broad money M2 breached $20tn at the end of December, a staggering 70 per cent larger than in the US, where monetary policy has hardly been tight. There’s a tremendous amount of liquidity, the problem is no one is using it....



Greenlight Capital Q4 2014 Letter To Investors

Below is a copy of Greenlight Capital’s Q4 2014 letter to investors, a copy of which was obtained by ValueWalk. Check back soon for further analysis. Also see Apple, Micron, Sune Propel Greenlight To 9% Return In 2014 Dear Partner: The...



Starboard Value Intensifies Demand For Staples-Office Depot Merger

Starboard Value LP, the activist hedge fund headed by Jeffrey Smith is planning to intensify its demand for a Staples-Office Depot merger. Last December, Starboard Value boosted its stakes in Staples to 6% and Office Depot to approximately 10%. At the...



Breaking News, Page 1

Older >

2 hours | 12 hours | 24 hours | 30 days

Jim Cramer Says That He Wouldn’t Write Google Inc (GOOGL) Off Despite Downgrade By Stifel

Google Inc (NASDAQ:GOOGL) recently received a downgrade from Stifel Nicolaus & Company from a ‘buy’ rating to ‘hold’ rating. This downgrade has impacted Google Inc (NASDAQ:GOOGL) shares, since they started today...



Swiss franc jumps as euro ceiling ends

Switzerland's franc soared by almost 30 percent on Thursday after the Swiss National Bank abandoned its three-year old cap against the...



White House approves sanctions against North Korea for Sony hack

U.S. President Barack Obama has authorized new economic sanctions against North Korea, in part for the country’s alleged hack of Sony Pictures Entertainment in November, the White House said.Even though some security researchers have questioned...



Steven Cohen’s New Firm Posts Big Gain in 2014 Despite Investigations

Point72 Asset Management, Steven A. Cohen’s investment firm, generated a gross profit of $2.5 billion to $3 billion, said several people briefed on the firm’s performance. That would have made it one of the hedge fund industry’s most...



Federal Reserve Board announces Reserve Bank income and expense data and transfers to the Treasury for 2014

Federal Reserve Board announces Reserve Bank income and expense data and transfers to the Treasury for...



Oil Man Harold Hamm's Ex-wife Seeking To Cash Divorce Check: Source

NEW YORK (Reuters) - Sue Ann Arnall, the ex-wife of Oklahoma oil magnate Harold Hamm, is seeking to cash a $975 million handwritten divorce check just days after earlier rejecting the payment which was ordered by a court in November, a source familiar...



14 international coffee recipes for a double shot of culture

Get your international buzz on. There's nothing like a cup of hot coffee to get us going on Monday mornings. However, drinking down our usual brew can get a little bit boring — and there's a big, wide world of coffee lovers out there...



Starboard Value Intensifies Demand For Staples-Office Depot Merger

Starboard Value LP, the activist hedge fund headed by Jeffrey Smith is planning to intensify its demand for a Staples-Office Depot merger. Last December, Starboard Value boosted its stakes in Staples to 6% and Office Depot to approximately 10%. At the...



With ZipDial deal, Twitter wins when people call and then hang up

Twitter's acquisition of Bangalore-based ZipDial gives it access to a fairly massive market for "missed call" services, which many phone users in developing countries use as a low-cost method of...



See If Your Hometown JC Penney Is Closing

J.C. Penney Co. will close 40 stores over the next year, CNBC reports. The closures represent nearly 4% of the company's 1,060 stores. "As with most retailers, we continually evaluate our store portfolio to determine whether there's a need...



Rosenberg: Perma-bears on the 'lunatic fringe'

Now that he's changed his tune, the Gluskin Sheff senior economist and strategist finds himself a...



Wonkblog: Pet stores are pulling Chinese-made dog treats after years of mystery dog illnesses and deaths

Petco, one of the country's largest pet retailers, announced on Monday that it has pulled all Chinese-made dog and cat treats from its shelves, citing concerns that the foreign made pet foods could be linked to a series of yet...



Allan Landon And The Federal Reserve Vacancies

President Obama announced last week he planned to nominate Allan R. Landon to fill one of two long-standing vacancies on the Federal Reserve Board of Governors. Of note, Landon will be the first community banker on the Fed’s Board of...



Casualties From New York to New Zealand...

Casualties From New York to New Zealand...(Third column, 11th story, link)Related stories:Swiss franc shockwave hits firms around world... ...



DealBook: Who Is a Whistle-Blower? The Courts Weigh In

The vagaries of the Dodd-Frank Act have left it to the courts to sort out whether a whistle-blower is protected from retaliation, Peter J. Henning writes in the White Collar Watch...



"France Just Quietly Killed Off Its Failed 75% Super-Tax"

Will the Liberals pay attention to this?  The eye-catching and eye-watering 75% payroll tax rate in France was quietly killed off by the government yesterday, after failing to raise significant revenue. The tax was also accused of driving high...