Wall Street banks may appear to be offering higher salaries to junior employees, but the increase may not be as generous as it looks.» Read More
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.
Investors panicking the Egyptian chaos could paralyze the Suez Canal sent oil to 2008 highs Monday. Right now the canal remains open but for how long? Worries over the security of the canal are mounting as the unrest continues.
About 10 percent of the 35,000 plus ships that crossed the Suez in 2009, were oil tankers. With so much uncertainty, what are CEOs in the shipping industry bracing for and how should investors navigate through the rough waters? I sat down with Matt McCleery, President of Marine Money International which provides maritime finance transactional information and maritime company analysis.
McCleery is also managing director of Blue Sea Capital Corp, the financial advisory and consulting arm of Marine Money International and is a non-Executive director of the product tanker and dry cargo companies Omega Navigation and FreeSeas .
Deutsche Bank expects larger net revenues. [DealBook]
State tax revenue surprisingly strong in fourth quarter. [Wall Street Journal]
Brutal storms bust budgets. [NY Times]
John Kerry thinks about Egypt after Mubarak [NY Times]
S&P re-affirms Spanish debt rating — but with negative outlook. [Wall Street Journal]
Felix Salmon on the thrill of anonymity. [Felix Salmon]
Why does Google’s Eric Schmidt like old fashioned paper books . [Barry Ritholtz]
It's snowing and gross, but buck up Chuck \(or whatever your name is\)—I'm back and I know you've missed me. Here's what else you've missed while you were dreaming about your chance to snag a Trenta today:
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.
Wall Street banks may appear to be offering higher salaries to junior employees, but the increase may not be as generous as it looks.
Investors may be warming up to the stock market, but they're taking the safe way in.
Here are the five best Wall Street movie villains of all time—and what they'd say about Yellen and the Fed if they were at Jackson Hole this week.