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Chart: Just How Bad the New Obamacare Ruling Would Be for Poor Americans

On Tuesday, the D.C. Circuit ruled in Halbig vs. Burwell that the Affordable Care Act’s subsidies are illegal in any state that did not set up their own federal...



Hedge Fund News: Larry Robbins, Ken Griffin & Winton Capital Management

Hedge fund manager Winton Capital making headway with long-only strategy (PIOnline) North American investors are helping Winton Capital Management Ltd. make progress — albeit slowly — toward its founder’s goal of becoming a $100...



Obamacare Subsidies Ruled Illegal

Key component of government healthcare struck down by US Court of Appeals, but potentially more sympathetic court awaits appeal What was once considered a long-shot legal challenge to “Obamacare” has been approved by a Federal Appeals court,...



CIT To Acquire OneWest for $3.4 Billion

Move could stave off activist investors for now, helps CIT Thain achieve larger goal The CIT Group Inc. (NYSE:CIT) announced the purchase OneWest Bank for $3.4 billion in cash and stock, the company announced today. CIT – OneWest merger...



Food chains dragged into food scandal



Berkshire Hathaway, Liberty Mutual And Asbestos

Berkshire Hathaway, Liberty Mutual And Asbestos by David Merkel, CFA of The Aleph Blog Recently, a friend of mine from Canada came to stay with me.  We talked about a wide number of things, but when we talked about investing, I described insurance...



China’s Latest Food Scandal Highlights Weak Regulatory Environment

An American owner of a Shanghai based meat supplier is scrambling to contain a scandal involving the sales of expired meat. So far it appears that many American restaurant chains in China are going to take a big hit. McDonald’s Corporation...



Netflix, Inc. Plans To Sell Gift Cards In Stores

Netflix will soon come out a gift card, which apart from using it as a gift can be used to make payment for the streaming service.Netflix, Inc. (NASDAQ:NFLX), in a letter to investors Monday, revealed that soon it will come up with a physical gift cards...



Tuesday: CPI, Existing Home Sales, Richmond Fed Mfg Survey

Here is a followup on an earlier article concerning short sale fraud, from E. Scott Reckard at the LA Times: Former BofA short-sales employee gets prison term for taking bribes A former Bank of America mortgage employee was sentenced to 30 months in...



TIME WARNER DIGS IN: Board Removes Ability For Shareholders To Force Vote On Fox Offer

Time Warner's board just changed the company's bylaws to prevent a small group of shareholders from forcing a vote on Fox's offer for the company. The new amendment, which is effective immediately, removed a standard provision that allows...



Dissecting the bull case for China

Regular readers will know that I have been relatively cautious on the outlook for China. But despite recent dire headlines such as China debt surges to 251% of GDP, China has not crashed. What`s more, I have seen a number of bullish calls on Chinese and...



Apple Orders Massive Number of Bigger iPhones

Apple is preparing for its largest initial production run of iPhones this year, betting that 4.7- and 5.5-inch screens will lure consumers now attracted to similar phones from Samsung and...



Italian firm offers the Tesla of super-cycles

Italian company Energica hopes to be the Tesla of super-motorcycles with its new...



Everyone Loves Apple Once Again (AAPL)

Apple reports earnings on Tuesday, July 22. (Depending on when you read this, that might be tomorrow.) A lot has changed since Apple's last reported earnings at the end of April.  Apple split its stock 7-for-1.  Apple paid $3...



Ackman: Why Herbalife will collapse

Bill Ackman said Pershing Square's presentation of a Herbalife investigation will "expose incredible...



Barclays Dark Pool Drew Early Alarms on Fast Trading

Trading firms and employees raised concerns about high-speed traders at Barclays's dark pool months before the New York attorney general alleged in June that the firm lied to clients about the extent of predatory trading activity on the electronic...



'The Wage Growth Gap for Recent College Grads'

Via the SF Fed: The Wage Growth Gap for Recent College Grads, by Bart Hobijn and Leila Bengali, FRBSF Economic Letter: Starting wages of recent college graduates have essentially been flat since the onset of the Great Recession in 2007. Median weekly...



Elliott Said To Push EMC Corporation To Spin Off VMware

Shares of EMC Corporation (EMC) rose as much as 5%, while VMware slumped by 2% in afternoon trading todayEMC Corporation (NYSE:EMC) is apparently being targeted by activist investment firm Elliott Capital Management, which is pressuring it to spin off...



Valeant Drags Regulators Into Allergan Fight

Valeant claims that Allergan made misleading statements about its Bausch + Lomb divisionValeant Pharmaceuticals Intl Inc (NYSE:VRX) said it has officially complained to regulators in the U.S. and Canada about statements Allergan, Inc. (NYSE:AGN) made....



Fast food chains in safety inspection

McDonald's and Yum! Brands will stop using products supplied by a local meat processor after a regulator halted operations over food safety...



Dodd-Frank Financial Reform Assailed by House Republicans

House Republicans release report hammering the Dodd-Frank ActRepublicans from the House Financial Services Committee issued a report on Monday, July 21st, criticizing the Dodd-Frank financial reform law, arguing that it over-regulates large financial...



Further reading

Elsewhere on Monday, - Alibaba’s IPO and the scions of Chinese leaders. - “The purpose of investing… is not to die poor.” - The Fed’s intervention in biotech and internet stocks.Continue reading: Further...



BLOOMBERG: Fox Is Considering Selling Sky Assets To Get $13.5 Billion More For Its Time Warner Bid

Click here to read the full story »Join the conversation about this story » ...



Herbalife One Of Tilson’s Largest Shorts; Nail In Coffin Coming Tuesday

We first reported in December 2014 that Whitney Tilson opened a short in Herbalife Ltd. (NYSE:HLF) after hearing Bill Ackman’s presentation about the ‘controversial’ MLM company. Now Tilson has revealed that he not only...



In a Subprime Bubble for Used Cars, Unfit Borrowers Pay Sky-High Rates

Millions of Americans are receiving auto loans they cannot possibly afford, in a lending climate marked by some of the same lack of caution seen in the housing industry before its 2008...



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The Switchboard: Amazon speaks out about Hachette fight

Published every weekday, the Switchboard highlights five tech policy stories you need to read. Amazon Defends Its Stance Against Hachette Jeffrey Trachtenberg of the Wall Street Journal reports, "Russ Grandinetti, Amazon's senior vice...



The Switchboard: Why Apple can’t use the word ‘patent troll’ in court

Published every weekday, the Switchboard highlights five tech policy stories you need to read. Ex-Merrill Lynch CEO story excised from Google search. CNBC reports: "An article about the ousting of Stan O'Neal from Merrill Lynch has become...



Barclays PLC Removes Dark Pool Manager

Manager at center of fraud complaint, man accused of firing an employee for not participating in fraud, is removed from day to day operations at the bank, "innocent until proven guilty"Barclays PLC (ADR) (NYSE:BCS) (LON:BARC) has removed...



BNP to pay $9 billion fine, faces dollar-clearing ban

NEW YORK/WASHINGTON (Reuters) - French bank BNP Paribas on Monday agreed to pay almost $9 billion over charges it violated U.S. sanctions against countries such as Sudan, and faces a one-year suspension of parts of its U.S. dollar-clearing business. ...



BNP Paribas pleads guilty to violating US sanctions

French bank will pay $8.9bn fine and fire or displine dozens of...



JP Morgan boss Jamie Dimon has throat cancer

Chief executive of JP Morgan says cancer has been caught at an early...



Report: Tim Cook 'Actively' Looking to Add New Directors to Apple's Board

Changes are coming to Apple, slowly but surely. Apple CEO Tim Cook is "actively" looking to add new members to the company's prestigious board of directors, according to a report in The Wall Street Journal. Apple's board currently...



Hedge Fund News: Stanley Druckenmiller, John Paulson & Starboard Value LP

Some Top Money Managers Push for Fed to Start Raising Interest Rates (NYTimes) The Fed is out of step with Wall Street, say some of the country’s wealthiest investors. If there was one thing that hedge fund managers kept coming back to time and...



Lebron James’ return is bigger for Cleveland than it is for the Cleveland Cavaliers

Flickr user Craig Hatfield After weeks, if not years, of anticipation, and a thrilling turn of events, Lebron James is returning to Cleveland. Basketball fans, especially those nestled in Ohio, are surely rejoicing. And rightly so—if betting lines...



Shocker: Jeremy Siegel Dow 20,000 By Year End

Uber bull Jeremy Siegel said Wednesday that he expected the market’s stampede to continue, easily pushing the Dow Jones Industrial Average topping 18,000 by year end. Jeremy Siegel The post Shocker: Jeremy Siegel Dow 20,000...



The amazing career of Leon Cooperman

His days start at 5:15 a.m. and end at 11 p.m. But the long hours pay off for Leon Cooperman, billionaire founder of Omega...