Another prominent market bull has joined the growing ranks of Wall Street strategists who think a correction is not far away.» Read More
Are we we experiencing a quiet constitutional crisis?
It’s well known that Judge Roger Vinson ruled yesterday that the individual mandate exceeded the powers of the federal government under the Commerce Clause. But he also ruled that because the law lacked a severability clause and the law’s proponents had argued that the individual mandate was a necessary part of the scheme, the entire law was invalid.
Blackrock sent out a short memo yesterday on the ongoing situation in Egypt.
Most of the analysis is kind of vanilla:
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.
With at least one million people rallying across Egypt to call for Mubarak to give up power and leave the country, a promise to step down at some future point seems like a request for the mobs to stand down without accomplishing their goal.
What’s more, it is a request made out of weakness—and showing weakness at this stage will make the mobs believe they are closer to achieving their goals and less willing to compromise.
Here's one way to handle things when your marriage goes bad:
Clients of Wedge Partners (an independent equity analysis firm that focuses on the technology and media industries) received a scathing note this morning on RIM from firm principal Brian Blair.
After the analyst reviewed the company's tablet, the RIMM PlayBook, he announced that the playbook will be poor received by the market." I caught up with Blair after the note was released.
Wall Street firms received briefings from US security officials about a potential threat after the publication of the most recent issue of Inspire Magazine ran a cover story advocating jihadists target banks and other institutional wealth centers.
The briefings took place in January, according to NBC news. The fourth issue of Inspire was published on January 16 or so.
Jim Margolin, a spokesman for the FBI, seems to be trying to quell fears that might arise from news of the briefing.
"In post-9/11 world we routinely give security briefings to security personnel in various parts of the private sector. This was in the course of a periodic update in the evolving threat stream," Jim Margolin, spokesman for the Federal Bureau of Investigation in New York, told Reuters "I would stress that it's our belief that the information that was discussed was not imminent, not specific.”
Nineteen private jets carrying Egyptian businessmen and their families departed from Cairo yesterday, according to news reports .
Which got me thinking: What would a rich businessman—fleeing a corrupt nation as an autocratic regime fell—want to take on his private plane with him?
Well, let's see. He'd want to take his iPod, family pictures, his dog Fluffy—and all the filthy money he could get his hands on.
And so the question arises: What exactly are the mechanics of expatriating a huge amount of wealth from one's native land before beginning a new life abroad?
The reaction to last night’s decision by a federal district court in Florida striking down the Obamacare legislation reveals something surprising: liberals revere the Constitution more than conservatives.
It is often said that conservatives revere the Constitution as if it were a holy writ, infallible and nearly divinely inspired. Conservative rhetoric often supports this interpretation: my old professor Harvey Mansfield used to advocate thinking of the founding fathers as demi-gods.
In reality, however, it’s not the conservatives who revere the Constitutiion—it’s the liberals. They assign it an almost omniscient and omnipotent power: it is always on the side of the right policy. It never goes wrong. When conservatives insist that some policy crafted by liberals is unconstitutional, liberals almost invariably react by saying that conservatives are misreading the Constitution.
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.
JPMorgan Chase is close to a deal to sell half its private equity business, the Wall Street Journal reported, citing people familiar with the matter.
Regulators are expected to vote to end the fixed $1 share price for money-market mutual funds - at least for some money funds used by big investors.
Shaking off geopolitical flare-ups for now, analysts say the S&P 500 is taking aim at the 2000 level.