Jefferies is backing a former senior SAC executive despite its own struggle with insider trading at an internal hedge fund.» Read More
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]
This probably is not the sort of league table anyone hoped to top.
The FCIC today released its official report on the financial crisis, along with two dissenting reports. Together they run 633 pages, including the footnotes but not including the index.
Did NYC just buy an $115,000 marketing campaign?
If you follow the blogosphere, you’ve probably already heard some of the buzz about Rachel Sterne, the newly minted Chief Digital Officer (CDO) for the City of New York.
From the straight ahead article on WNYC.org “The Woman Upgrading Bloomberg’s Government: Rachel Sterne ” to the slightly more spicy article on The Observer, “Everybody Calm Down About Rachel Sterne, For Chrissakes ” \), people—or at least the press--seem duly interested in the first paid CDO for a major city.
Another important insight from Peter Wallison’s must-read dissent from the FCIC report released today is that government policies created an artificial demand for risky mortgages—leading to a severe underpricing of risk.
Here’s how it worked. Beginning in the early 1990s, government regulations made FHA, Fannie and Freddie, mortgage banks and commercial banks of all kinds into highly motivated buyers of risky mortgages. What happened next was disaster.
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.
The lack of volume in this market might make it hard for the rally to continue, says veteran trader Art Cashin.
The mid-term election will be a disappointment—but that's a good thing for Wall Street, says hedge-fund manager Todd Schoenberger.
Charles Schwab has lost a case against Morgan Stanley, accusing it of improperly recruiting brokers from a Schwab San Francisco branch.