In a few years the rate of money flow and inflation will start to catch up to each other, eventually sparking a recession, a new analysis from Dick Bove said.» Read More
Happy Monday. Nothing cures an Oscar hangover like a Morning Six-Pack.
Ukraine's problems are roiling the markets Monday, but it's Russia that has the most to lose. (Sydney Morning Herald)
The second-most to lose? President Barack Obama, who faces a handful of unappealing options to deal with the crisis. (Politico)
The leading autism nonprofit and Google have teamed in an attempt to link private investors like venture capital, private equity and even hedge funds to inject innovative autism-related business development.
Thanks to increased awareness and diagnosis of autism, it's now known that one in every 88 American children is born with some level of the disorder. That's more than those affected by diabetes, AIDS, cancer, cerebral palsy, cystic fibrosis, muscular dystrophy or Down syndrome—combined.
But products and services for autism are woefully inadequate, according to advocates.
The big money is starting to take notice of investment opportunities that both could generate profits and help the autism fight.
Despite optimism that U.S. stocks will be among the best performers this year, American investors are still running scared.
A new survey from Schroders, a multinational investing firm that manages $415 billion for clients, shows U.S. investors ranking at the bottom of 25 countries in terms of confidence, with just 37 percent showing a positive view.
That contrasts with the general tone of the report, which shows global investors anticipating a strong year particularly on the equity side. Investors are most confident in India (90 percent), Thailand (83 percent) and Indonesia and Japan (76 percent each).
(Read more: 'New paranormal' and why black swans are circling)
Contrasting with the gloomy attitudes of Americans, other countries expect to find better returns in U.S. stocks than any other region except Asia-Pacific. Western Europe is No. 3.
Good investments are more difficult to find in the U.S., and Europe is likely a better place for private equity, credit and real estate plays, Leon Black, chief executive officer of $161 billion Apollo Global Management, said Friday.
"I'd say right now the deal flow in the U.S. is OK. I wouldn't say it's robust," Black said, speaking at the Columbia Business School Private Equity and Venture Capital Conference in New York.
Black said there are still some U.S. opportunities despite "pretty full" company valuations for potential buyouts.
"There are idiosyncratic things to do off the beaten path," Black said, noting recent firm investments in child-themed restaurant Chuck E. Cheese, an undisclosed chemical company and a small slot machine-focused gaming business. "You don't always have to have a global recession to find" distressed companies.
Barclays moved to limit overworking its junior bankers in the U.S. Friday, echoing recent initiatives by Goldman Sachs, Bank of America and others to stem a sometimes brutal work culture for post-college analyst programs.
"The demands of the job are high, but our best work is when we work intelligently as a team; not just because we work the hardest or the longest," Barclays said in an internal memo announcing new guidelines for junior bankers.
Happy Friday. Here's something new: A big snowstorm is headed for the Northeast. Imagine that.
To the surprise of exactly no one following the story, the Mt.Gox bitcoin exchange has gone belly up. Cue the "questions surrounding bitcoin's future" cacophony. (Voice of America)
If, however, you're a little late to the digital currency story, here's an excellent summary and outlook piece showing that, despite the PR hit, bitcoin soldiers on. (SiliconANGLE)
With the market rebounding off the January selloff despite weakening economic signals and geopolitical turmoil, traders have been taking precautions against a return of the dreaded black swan.
The CBOE SKEW Index, which uses out-of-the-money—lower than the market price—options to discern fear of an unusual event hitting the market, has been pushed to levels indicative that something may be at hand.
Over the past few months, the black swan index, as it is nicknamed, has been trading above its normal area and is drawing attention on trading floors.
"People are buying cheap protection. There are some people that think with the market sitting here we're ignoring too many risks, either from (Federal Reserve) tapering or emerging market instability from geopolitics," said Dave Lutz, managing director of trading at Stifel Nicolaus. "But that's trying to guess what a black swan event is, which by definition you can't do."
An elite group of hedge fund managers once again proved they could literally make billions of dollars in a single year.
Six men made at least $1 billion in 2013, according to estimates from Forbes on the 25 highest-earning hedge fund managers and traders last year.
They are George Soros of family office Soros Fund Management ($4 billion); David Tepper of hedge fund firm Appaloosa Management ($3.5 billion); Steve Cohen of soon-to-be family office SAC Capital Advisors ($2.3 billion); John Paulson of hedge fund firm Paulson & Co. ($1.9 billion); Carl Icahn of activist investment shop Icahn Enterprises ($1.7 billion); and James Simons, the retired founder of quantitative trading hedge fund firm Renaissance Technologies ($1.1 billion).
Rounding out the top 10 of the Forbes list were four other hedge fund managers: Ray Dalio of macroeconomic-focused Bridgewater Associates ($900 million); Ken Griffin of multistrategy Citadel ($900 million); Larry Robbins of stock and credit-focused Glenview Capital Management; and Leon Cooperman of stock picker Omega Advisors.
Talk about following the money.
Investors looking to beat the S&P 500 need only track the companies that are spending the most money lobbying Washington.
Doing so would have generated profits that easily beat the index—generating alpha, as it's known among investing pros—every year for more than a decade, according to data from Strategas, which uses a proprietary measure it calls the Lobbying Index to track those companies.
"This Index has outperformed the S&P 500 for 15 consecutive years. Not only has the Index outperformed the S&P 500 in the first year, but holding that same Index leads to outperformance in the second and third years as well," the firm said in a research note Wednesday. "In our opinion, this consistent outperformance suggests that the market cannot properly value the return from company lobbying activities."
Happy Wednesday. How many bitcoins does it take to buy a Morning Six-Pack? Answer: zero.
So where did all the bitcoins go? To the same place they came from—the ether. (BloombergBusinessweek)
Lower tax rates for rich folks are good but a "middle-class entitlement" for flood insurance is all kinds of wrong. (So sayeth The Wall Street Journal.)
In a few years the rate of money flow and inflation will start to catch up to each other, causing a recession, analysis from Dick Bove said.
Turney Duff tells the story of his spectacular rise and fall on Wall Street in his book, “The Buy Side.” In this Q&A, he talks about how life is different now — and his biggest regret.
Stock valuations are "not excessive," but they're "not cheap" either, Wells Capital's James Paulsen tells CNBC.