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How Obama Killed A Controversial SNL Skit

A November 2007 episode of "Saturday Night Live," featuring an cameo by then-Sen. Barack Obama (D-Ill.), almost included a controversial sketch about racial profiling until the presidential hopeful shot down the idea. The Hollywood Reporter...



Carl Icahn Moves On Hertz Global Holdings, Inc.

Icahn revealed an 8.48% stake in an SEC filing, taking full advantage of Hertz’s price dip following yesterday’s lowered guidanceCarl Icahn has an 8.48% stake (38,800,000 shares) in Hertz Global Holdings, Inc. (NYSE:HTZ) according to a just...



A Relatively Prompt Time to Reassess

The FOMC Minutes just came out, a bit more hawkish than expected as several members wanted a “relatively prompt” hike in interest rates. Overall, though, Yellen and the Fed seem to be waiting on more data first before acting (see...



Russia Closes McDonald’s Stores Over Sanitary Issues

Following moves in China, Russia says four McDonalds locations violated "numerous" sanitary lawsA Russian crackdown on McDonald’s Corporation (NYSE:MCD) fast food locations in the region has resulted in four of the restaurants being...



10 Wednesday PM Reads

My afternoon train reads:  • How can you have euphoria when nobody gives a sh*t? (Reformed Broker) see also Seventy Years After Stock Market Crash, Six of Ten American Households Invested in Stock Market (Gallup) • The downsides of cheap...



DeLong on the mother of all black swans

Brad DeLong has a post that is mildly critical of Shiller’s stock market model in almost precisely the same way that I am critical of Shiller’s stock market model.  The only difference is that DeLong knows more finance than I do,...



Why Robert Shiller is 'dead wrong'

Robert Shiller's recent warning on U.S. stocks sent ripples through global markets, but one analyst says he is "dead...



Japan’s Export Lift No New Dawn

Bloomberg News Japan’s exports perked up in July in line with firmer global demand. But there’s little chance the nation will return any time soon to its status as an export powerhouse. Exports rose 3.9% on year after two consecutive...



Too Much Democracy in Corporate America?

That's the complaint of Steven Davidoff Solomon in a NYT column today. His complaint is that three people, who are small shareholders, repeatedly bring resolutions that have to be voted on by all shareholders. His argues that these resolutions...



Sound and Fury in Bank Settlements, Still Signifying Nothing

Billions of dollars in penalties are piling up in banks' mortgage settlements, but no one is being held accountable and the public is being deprived of details of the wrongdoing, William D. Cohan writes in the Street Scene...



MORGAN STANLEY: This Time It's Different For Apple (AAPL)

Morgan Stanley analyst Katy Huberty has a massive report on Apple in which she tells investors to buy shares ahead of what is shaping up to be a giant fall.  She says, "this cycle is different" for Apple. Huberty is referring to...



What makes Warren Buffett a great investor? Is it the intelligence or the discipline?

I thought this excerpt from Warren Buffett’s 2011 interview in India was relevant to not only investing but also decision making. A member of the audience says to Buffett: “As we all know, you are an extremely intelligent person. At...

Watch the Video > Post includes YouTube video


U.S. Consumer Prices Rose 0.1% in July

Consumer prices advanced in July at their slowest pace since February, which could give the Federal Reserve more flexibility to maintain policies designed to stimulate stronger economic...



Ways in which the Deep South is a giant bargain

Not sure if you folks saw this nice chart on Business Insider, but it shows how much $100 is actually worth in each state based on goods and services you're able to purchase. Aside from Hawaii and DC, the worst states are New York and California -...



Shares Of The Company That Makes Wearable Police Cameras Go Bonkers Again (TASR)

Shares of TASER International rallied for the third straight day on Tuesday, climbing 9% as Ferguson, Missouri officials announced they would raise funds to secure dash and vest cams for Ferguson police officers. TASER International makes wearable police...



Allergan, Seeking to Fend Off Hostile Bid, Approaches Salix

Allergan approached Salix Pharmaceuticals and at least one other company about a potential acquisition, as the Botox maker seeks to fend off a $53 billion hostile takeover from Valeant...



With Rentals in Fashion, Apartment Construction Hits 25-Year High

It’s no secret that the apartment sector has been on a tear. A big share of July’s gain in housing construction came from the multifamily sector, which tends to be fairly volatile on a monthly basis. But looking at a rolling 12-month...



More Thoughts on the 10-Year Treasury

More Thoughts on the 10-Year Treasury by ToddSullivan, ValuePlays “Davidson” submits: 10-Year treasury rates fall. Is it due to fear of Russia invasion of Ukraine or is this short covering activity or is this simply stronger US$? I...



SolarCity Corp (SCTY) Downgraded By Baird

Shares of SolarCity Corp (SCTY) slumped by as much as 2% after Baird analysts downgraded them to "Neutral"SolarCity Corp (NASDAQ:SCTY) stock has received a downgrade from analysts at Baird, who cut their rating from Outperform to Neutral. Their...



The Highest Paid Exec At Bank Of America Just Got A Bit More Powerful

Tom Montag will become sole COO of Bank of America when his former co-COO, David Darnell moves to Tampa to be with his family, Dealbook reports. Montag left Goldman Sachs back in 2008 to join Merrill Lynch before it merged with Bank of America. Since...



US consumer prices barely budge

Consumer inflation barely rose last month, helped in large part by falling energy...



Jeff Saut: Here's The Ridiculously Easy Strategy That Professional Traders Are Using To Make Money Right Now

Jeff Saut of Raymond James offers some commentary on how "easy" it is to trade the market right now. It's basically this simple: When stocks go down, you buy the dip. Voila. "Can it be that easy?" is a question I asked a...



Bad Loans Rise at Bank of China

Bank of China reported a jump in bad loans in the first half of this year even as its profit growth picked up, sounding a cautious note for big Chinese banks as they report results amid slowing economic...



'Very Confused About Cyclical Recovery'

Brad DeLong tries to make sense of the labor market: Over at Equitable Growth: In Which I Make Myself Very Confused About Cyclical Recovery: Will somebody please tell me that I have made a gross arithmetic error in what is below, and can be much more...



Liberals for Social Security Insolvency

Democrats want to expand benefits even as the retiree program's finances...



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Federal Reserve Board issues Report on the Economic Well-Being of U.S. Households

Federal Reserve Board issues Report on the Economic Well-Being of U.S....



The Switchboard: Why a former NSA director thinks he is worth $1 million a month

Published every weekday, the Switchboard is your morning helping of hand-picked stories from The Switch team. The NSA's Cyber-King Goes Corporate. Former National Security Agency director General Keith B. Alexander thinks he's worth a...



As S&P Gains, Strategists Trail Behind

Wall Street market forecasters have been caught flat-footed by stocks' rally this year. But even if they raise their predictions, many believe that the bulk of this year's gains are in the...



JANA Partners' Letter to PetSmart's Board

Barry Rosenstein's activist hedge fund firm JANA Partners has filed an amended 13D with the SEC regarding their position in PetSmart (PETM).  They currently own 9.8% of the company and are the largest shareholder.Rosenstein's letter to...



Zillow Inc (Z) To Pay $3.5B To Buy Trulia Inc (TRLA)

Previously it had been reported that Zillow planned to pay $2 billion for TruliaShares of Trulia Inc (NYSE:TRLA) climbed as much as 12% in early trading after it was announced that Zillow Inc (NASDAQ:Z) will officially buy Trulia—and that the...



Richard Branson Strikes Again: Virgin America Files for IPO

Richard Branson is coming to America yet again. Branson’s Virgin Group Ltd. has filed its paperwork with the U.S. Securities and Exchange Commission (SEC) for its Virgin America Inc. to...



Argentina's economy minister in last-ditch talks to avoid debt default

Battle between "vulture fund" investors and Argentina looks set to continue as the country heads towards its second default of the 21st...



Bank of America ordered to pay damages of $1.27 billion for Countrywide fraud

A federal judge on Wednesday ordered Bank of America to pay $1.27 billion in damages over thousands of defective mortgages sold by its Countrywide Financial unit, delivering a win for the government in one of the few major trials stemming from the...



Ex Yukos Shareholders Win $50B Landmark Case Against Russia

The $50 billion in damages against Russia is one of the biggest arbitration awards ever made against a sovereign stateThe Hague’s arbitration court ruled Monday that Russia owes former shareholders of the now-defunct oil giant Yukos over $50...



There's A Big Warning About Acquisitions In David Einhorn's Latest Investor Letter

Greenlight Capital CEO David Einhorn sent out his Q2 investor letter this week, and the big takeaway is about how low interest rates are impacting corporate acquisitions. In a nutshell: Low interest rates are transforming acquirers into bad shoppers. In...



Hospira Said To Be in $5 Billion Inversion Deal with Danone

The Danone deal could be the biggest acquisition in Hospira’s history and would enable the company to move its domicile abroad for tax purposesIllinois-based Hospira, Inc. (NYSE:HSP) is said to be in talks with Danone SA (ADR) (OTCMKTS:DANOY)...



Growth Rebound Stokes Fed Debate

Federal Reserve officials delivered a modestly more upbeat assessment of the economy Wednesday amid a second-quarter growth rebound and deepening debate inside the central bank about when to start raising interest...



Wonkblog: Fed more confident in job market but nods to pickup in inflation

The Federal Reserve on Wednesday expressed growing confidence in the health of America’s job market and acknowledged that inflation is beginning to pick up. In a carefully worded statement, the central bank’s top officials noted that...