Hedge fund managers are fuming at new political rhetoric against them and their huge paydays.» Read More
Facebook may hire former White House Press Secretary Robert Gibbs [NYTimes DealBook]
"Tech Bubble? Investing Like It's 1999" [CNBC.com via Reuters]
Economic data for today includes personal income and pending home sales [CNBC.com via Reuters]
We've put together a shopping list of catchphrases that apply to the consumer economy.
Then, we took the theories to the analysts who trackconsumers, retail and fashion and put them to find out ifthey hold any truth.
In the whacky wonderful world of capitalism, money and success flow to the people who create the most value. That's the theory—and while it isn't a perfect system on its own, things go downhill in a hurry when government gets involved.
Just a quick and disturbing afterthought on that twisted story about the guy who delivers bottled water to the Deutsche Bank trading floor getting arrested for attempting to install hidden cameras in the men’s restroom.
If Friday’s 3.1 percent read on fourth-quarter GDP let you a little queasy, you may want to get the antacids ready for the year ahead.
Consider the stock market to be a triple bacon cheeseburger with extra cheese, extra bacon and extra special sauce, complete with a super-sized order of fries on the side: A delicious meal, to be sure, but hell on the arteries and waistline.
Then consider investors to be the customers at our little fast-food bistro. They know coming here to eat could be extremely hazardous to their health, but they just can’t resist the lip-smacking gastronomic goodies being whipped up in the kitchen, which we’ll call the QE Cucina.
This is the market of guilty pleasures, where the only fear is that the lard, butter and deep fat fryers will be replaced someday with soybeans, broccoli and woks. As long as the goodies are being served up—in Wall Street’s case the liquidity provided from the Federal Reserve amid a backdrop of tepid improvement in some aspects of the economy—the lines at the restaurant will remain long and the food continue to be served.
Wells Fargo—easily the most secretive US bank—wants my cell phone number.
Top hedge fund managers are eager to bid on subprime-mortgage bonds that once threatened to wipe out AIG and are now held by the Federal Reserve.
“Champing at the bit,” is how one hedge fund trader who invests in distressed debt put it.
The Wall Street Journal reported Friday that the Fed had tapped asset management firm BlackRock to help sell off portions of the $30 billion Maiden Lane II portfolio, which is made up of bonds and derivatives acquired when the government bailed out American International Group.
The CBOE Volatility Index fell below 12 as Federal Reserve Chair Janet Yellen began speaking.
CNBC's "Halftime Report" traders tackled the markets as trading entered the second half.
Market watchers are expecting Greece to reach a deal with its international creditors by the June deadline, strategists say.