Most Americans don't realize the market gained 30 percent last year, and only 1 in 9 call themselves savvy about investing, according to a survey.» Read More
President Obama proposes $1.1 billion in budget cuts—and the debate begins. [CNBC]
JPMorgan launching social media fund. [DealBook]
What the shorts are trying to tell you. [Reuters]
Looking for a job where you don't need to talk? [New York Times]
Did you hear the one about the classy Four Star general and the clueless senior White House advisor? [CNN]
Happy V-Day boys \(and girls\). Let's get on with it so you can beg, bribe or keep hitting refresh on opentable.com if you didn't already snag a spot for tonight yet. As for me, gents, I'll be reading about the FTSE and catching up on The Post's "Client 9" love column tonight.
As a general rule, hedge funds hate publicity.
They do everything than can to kill stories being written about them—especially any story they think puts the fund in a negative light. Hedge fund executives have lied to me, sued me, threatened to have me fired, and one guy from an English hedge fund once told me that if I went with a story I was working on about his fund, he would buy the building I lived in and have me evicted.
The Securities and Exchange Commission filed securities fraud charges against three former IndyMac executives—including the former CEO and two former CFOs of the company.
The SEC complaint alleges that the former IndyMac executives made false and misleading claims in the company's 2007 annual report—as well as in offering materials for a $100 million stock offering.
It’s welcome news that the Obama administration proposes to wind down the mortgage giants Fannie Maeand Freddie Mac.
Unfortunately, this news is coupled with something far less welcome—a proposal to recreate the government sponsored entities all over again.
The news for Hosni Mubarak keeps getting worse: First he loses power in Egypt—now the Swiss government has announced that Switzerland is freezing accounts belonging to Mubarak and his family.
Some believe Mubarak may lose up to $40 billion if things really go south for him.
That hypothetical involves two principal assumptions: First, an estimate of the Mubarak family's enormous wealth; second, that Egyptian protesters will get their way—and have corruption charges brought against the Mubarak clan, which will result in the disgorgement of substantial amounts of cash.
It appears boot sales aren't taking a hike anytime soon.
At a time when retailers are trying to create enthusiasm for Spring, the harsher than usual winter is creating the perfect storm for boot demand.
So the government has killed Level Global Investors LP.
This morning David Ganek sent a letter to investors in the $4 billion hedge fund announcing that it expects to sell all of its holdings by the end of March.
Ganek founded Level Global in 2003 with Anthony Chiasson. Both are alumni of Steven Cohen's SAC Capital Advisors.
CNBC's Patti Domm and Jeff Cox discuss the jobs report and the current dilemma of long-term unemployment.
CNBC's Patti Domm and Jeff Cox discuss the recent GDP numbers and what factors have been affecting it.
Investors give and investors take away, and nowhere has that been more true lately than in value stocks.
Robert Shiller's recent warning on U.S. stocks sent ripples through global markets, but one analyst says he is "dead wrong."
Stocks, bonds and housing might all be getting too expensive, Yale economist says.
Wednesday brings FOMC minutes, but Wall Street downplays the release and looks to the Jackson Hole symposium on monetary policy.