The Tiger Management founder believes that even though "the economy is getting better," there are dangers stirring beneath the surface.» Read More
The unrest in the Arab World and in the Middle East continues to spread.
The Egypt-style demonstrations in Bahrain turned deadly and on Thursday in Libya protestors are holding "a day of anger/" Similar protests were also staged in Algeria as well as in Iran, where at least 50 people were reported hurt.
Iran, Algeria and Libya are some of the world’s largest oil producers. I decided to catch back up with Richard Soultanian Co-President of the utility cost management firm, NUS Consulting, to get his outlook on the protests and what it could mean for oil.
It’s time for a little history lesson, boys and girls. I'm feeling inspired by my recent trip to the nation's capital, so the subject of the day is: the federal budget.
"Inflation Continues to Creep Higher; Jobless Claims Up" [CNBC via Reuters]
Bahrain military storms protest march. [Financial Times]
JPMorgan & Madoff: What did Jamie Dimon know and when did he know it? [WSJ]
Ratings cuts ahead for US states? [CNBC via Financial Times]
Former JPMorgan executive sets up shop in London with South African billionaire—post-fallout with Jamie Dimon.[DealBook]
Once the government declares that all new buildings must be made of Nerf and all vehicles will run on Jell-O, we’ll be able to put this inflation nonsense to rest.
Allstate accused JPMorgan Chase of fraud in a lawsuit filed in New York State Supreme Court yesterday.
The insurance company claims that JPMorgan , Bear Stearns and Washington Mutual sold it over $750 million of mortgage-backed securities under the guise that they were highly rated, safe securities, while knowing that the underlying loan pools were "toxic." JPMorgan acquired Washington Mutual and Bear Stearns in 2008.
The banks "knew the pool was a toxic mix of loans given to borrowers that could not afford the properties, and thus were highly likely to default," according to Allstate's complaint.
The lawsuit also alleges that JPMorgan, Washington Mutual and Bear Stearns misstated the characteristics of the mortgages, such as the loan-to-value ratios. It says the banks lied to the ratings agencies to get higher ratings on the securities than they deserved.
"The systemic (but hidden) abandonment of the disclosed underwriting guidelines has predictably led to soaring default rates" in the underlying mortgages, according to the complaint.
JPMorgan Chase did not respond immediately to a request for comment on the lawsuit.
In December, 2010, AllState filed a similar lawsuit against Bank of America.
David James, an English Business professor, has been studying pirates.
Not the guys who sell illegally recorded music and movies—actual pirates. With boats and automatic weapons.
The general premise is this: Pirates get results.
Guest Author Blog by Leah McGrath Goodman, Author of: "THE ASYLUM: The Renegades Who Hijacked The World’s Oil Market"
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.
Bank of America could see its shares climb 50 percent over the next three years, Barron's financial newspaper said on Sunday.
Protesters will risk arrest during an unsanctioned blockade in New York City's financial district to call attention to climate change.
Investors may find it time to adjust portfolios as they focus on Fed speakers, economic reports, and the rising U.S. dollar in the week ahead.