Fast-growing Stone Ridge Asset Management has poached execs from Credit Suisse, BNP Paribas and Morgan Stanley in recent weeks.» Read More
A few readers have asked why a business web site should run a daily feature on the potential for war with Libya.
The answer is simple: war dominates markets. It affects almost every public company, every investment portfolio, and every decision to go long, short, or sit on the sidelines.
In short, we can't ignore the economic and financial effects of a potential war because they won’t ignore us.
The unrest in the Middle East is coming in waves. The tidal wave it has created at the pump is taking a big bite out of consumers wallets. We hear about our nation's untapped oil reserves but with the "no new wells" policy there is no hope it can be explored.
In Alaska, the Governor, Sean Parnell is in his own battle with the legislature. But not for budget cuts. He's proposing tax incentives for oil companies to entice them to hang a shingle up in his state.
Credit Suisse recently issued $2 billion in 'cocos'—which is a trendy sounding abbreviation for Contingent Convertible Bonds—a new hybrid security, created to correct the deficiencies of a previous generation of new hybrid securities.
I must confess: Cocos sound like a brilliant idea, on paper at least.
Europe's largest banks are preparing for Basel III by doing what banks love to do the most: Issuing new securities.
A recent article in the Financial Times discusses the latest round of securities innovation, ostensibly designed to allow banks to comply with the new capital requirements set forth in the Basel III standards.
A perfect storm may be blowing towards the global oil markets—with disastrous economic and political consequences to follow in the wake.
Ambrose Evans-Pritchard, the International Business Editor of the British newspaper the Telegraph, has written a disturbing analysis of the challenges that lurk just below the surface of the oil producing nations of the Middle East and North Africa.
The burden taxes place on employment was recently brought home to me by the experience of a couple I’m friendly with who were trying to hire a nanny to watch their only child.
Moody's downgrades Spain [CNBC.com via Reuters]
U.S. gas prices are a joke compared to Norway [CNN Money]
Batch of economic data today includes trade deficit and jobless claims [CNBC.com via AP]
Happy Friday eve! \(C'mon, let Miss Morning Sunshine rub off on you...don't fight it.\) Here's what you need to know to start powering through the day:
"Fast Money" traders discussed how to trade American Express earnings and whether any of its rivals might be a better play.
Eric Mindich's Eton Park hedge fund was up big in the first quarter thanks to winning bets in Europe and Asia.
Bank lenders are curbing the amount of money they supply to energy companies amid an ongoing swoon in crude oil.