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With all the talk of 'regime elements' and wealthy businessmen fleeing Egypt, I've been thinking about gold and diamonds a lot lately.
Do you have the nerve for a major contrarian play in the equity markets: How about buying stocks with exposure to Egyptian instability when everyone else is scrambling for the exits?
The Obama administration is discussing with Egyptian officials a proposal for President Hosni Mubarak to resign immediately, turning over power to a transitional government headed by Vice President Omar Suleiman. The NYT reports.
Famously outspoken shoemaker Kenneth Cole says he writes all the tweets signed "KC" that come from the @KennethCole Twitter account.
In light of the political turmoil in Egypt and the possible threat to Suez Canal shipping, rising oil prices and a tightening oil market are concerns of the International Energy Agency (IEA), its executive director, Nobuo Tanaka, told CNBC Thursday.
I wrote earlier about the difficulty in predicting the future structure and alliances of the Egyptian military. And of the fundamental unknowability of weather.
Investors facing a global economy that is moving back and forth between "risk on" and "risk off" should look to emerging markets and commodities, Nouriel Roubini, chairman of Roubini Global Economics, told CNBC Thursday.
As violence has broken out in Egypt, concern has turned to the risk of the blocking of the Suez Canal or nearby pipelines, which could pose a threat to world energy supplies, the New York Times reports.
More social and political turmoil is likely in the future so commodities prices will continue rising, renowned investor Jim Rogers, CEO of Rogers Holdings, told CNBC.
Like a warning curl of smoke, inflation talk is working its way through financial markets.
The exchange-traded fund that aims to track the Egyptian stock market is on fire again today.
In retrospect, Tuesday’s big rally in the stock market wasn’t hard to figure out. The market did what it almost always does the first day of the month.
As the situation on the ground in Egypt continues to destabilize—with riots breaking out in Tahrir Square earlier this afternoon Cairo time—there is much discussion of the critical role the military will play in Egypt in the days and weeks to come. Among policy analysts who seem to agree on little else, there appears to be a consensus on this: The military will play a key role in determining the future of the Egyptian nation.
A little over nine years ago, one of the biggest stories in international affairs was Thomas E. Ricks’ Page One story in the Washington Post a briefing given to a Pentagon advisory group that characterized the Saudi ruling family as enemies of the United States.
Steve Sailer points out why our aid to Egypt doesn’t seem to buy us as much loyalty as it once might have.
Some pensioners are able to withdraw money from ATMs in Egypt, but the stock exchange will remain closed until "calm is restored to the street," newly-appointed Egypt Finance Minister Samir Radwan told CNBC Wednesday.
With the Middle East in the background, financial markets are turning their attention to Friday's jobs report and other U.S. economic data slated for this week.
President Barack Obama told Hosni Mubarak on Tuesday an orderly transition of power in Egypt "must begin now" in remarks critical of the Egyptian leader's plan to stay in office six more months.
Decades of autocratic government and a lack of free elections are, of course, the main drivers of the political upheaval in Egypt. But did the sinking dollar and skyrocketing food prices trigger the massive unrest now occurring in Egypt — or the greater Arab world for that matter?
If President Hosni Mubarak says in a speech tonight that he will step down at the next election, as Al Arabiya TV is reporting, I doubt it will do much to satisfy the protesters. If anything, it will likely embolden them.