Paul Gruenwald, Chief Economist, Asia Pacific at Standard and Poor's Ratings Services, calls China's latest triple-R cut for rural banks a form of "modest monetary easing."» Read More
"Despite today's nearly double-digit unemployment rate, 4 in 10 unemployed Americans expect to get a job in the next four weeks and one in three underemployed have the same expectations with respect to obtaining a full-time job."
Technology is the classic two-edged sword.
In its broadest sense—as the knowledge or mechanism of achieving a result—technology is agnostic of its ends.
Fire cooks, warms, protects—burns, kills, and destroys.
Unrest in Egypt putting the fear factor back into the gold trade—at least for today.
Ashraf Laidi, CMC Markets says today’s gold rally is “safe haven buying” and can also be seen in U.S. treasuries and oil. “Intensifying violence in Egypt” has “implications for MidEast policy & oil flow,” he says
Volume in April gold futures contract was about 35 to 40 percent above normal today, trading well over 200-thousand contracts.
According to traders, short covering by speculators is fueling more buying by computer-driven models that track order flow and momentum. “The market is definitely short in gold—you are definitely running some of the shorts out of the market today,” says Kevin Grady gold trader with MF Global. And that short-covering demand is fueling more buying by algorithmic systems that are programmed to look for volatility in the markets. “There is so much panic, the moves are not $5 or $10 moves but $30 or $40 moves,” says Kevin. » Read more
Simon Johnson, the former chief economist of the IMF who is now a leading financial commentator at Baseline Scenario, is one of the more prominent critics of the view that blame for the financial crisis falls on affordable housing and fair lending policies. The problem is that his critique is extremely misguided.
Nicole Lapin, of CNBC's Worldwide Exchange, explains what she's long and what she's short this week.
The Financial Crisis Inquiry Commission produced a bit of a mystery with its report yesterday.
Cut backs in defense spending have been hanging over the sector for about year and now. Wall Street waits to see when the axe will fall. But that doesn't mean that investors should be sitting on their laurels waiting for it to happen.
There is always opportunity hidden in times of uncertainty. You just need to know where to look. Secure Strategy Group co-founder and former DHS Assistant Secretary Robert Liscouski and Secure Strategy Group co-founder Scott Greiper both took the time to answer my questions on where the smart money is going in the defense sector.
Secure Strategy Group is a strategic advisory firm which invests in the security and defense sector.
I don’t have a whole lot in common with Fidel Castro.
Not a ton with Winston Churchill, Rush Limbaugh, Milton Berle, Mark Twain and Bill Cosby, either. Save, of course, a penchant for cigar smoke.
In my case, it’s recreational, nowhere near the occupational predilection of history’s most recognizable cigar-wielding rebels and icons.
“A woman is only a woman, but a good cigar is a smoke,” one of my favorite poets, Rudyard Kipling, penned in his short story “The Betrothed.”
Close, Mr. Kipling, but no cigar. Cigars, for better or worse, link us all, this woman included.
Certainly, I am not the only one. Cigar Aficionado Magazine featured me this month, as one of a long list of women who have gender-bent the pages before: Madonna, Sharon Stone, Demi Moore, Veronica Webb.
Lower profits at Ford: Shares drop 7 percent in premarket trading. [Reuters CNBC]
John Paulson banks $5 billion in profits —which may be the best single year gain in investing history. [WSJ]
Geithner says global inflation is still “not high on the list of concerns,” for the world's economy. [WSJ]
Sarah Lee is splitting in two. [Financial Times]
Welcome to weather hell: NYC is the new Buffalo. [New York Times]
Dennis Gartman is back to buying stocks and is "pleasantly long" on the market after bailing out in early April.
With the growth stock wipeout, many investors are now looking to big-cap and value names, and the trend is seen continuing.
Dan Loeb continued his battle with Sotheby's with a new letter promoting his board nominees over the art house's slate.