Hedge fund managers are fuming at new political rhetoric against them and their huge paydays.» Read More
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:
Bond king Jeff Gundlach likened municipal bonds to subprime mortgage bonds on CNBC’s Strategy Session on Wednesday.
Day after day, we continue to read stories on the budget battles and heated union protests in some states around the country. I don't know about you, but I'm getting tired of all this negativity.
I decided to seek out a local government who is doing it right for a change and my pursuit sent me to the sunny, sandy shores of the U.S. unicorporated territory of Puerto Rico.
The junk bond derivative party is kicking back into high gear.
A report in today's Financial Times notes the uptick, and points out:
Investors in municipal-bonds should be very worried when the Wall Street Journal is running the headline “A Deep Freeze Hits The Muni Market.”
The facts are grim. Muni-bond issuance is on pace for its lowest quarter in at least 11 years.
The CBOE Volatility Index fell below 12 as Federal Reserve Chair Janet Yellen began speaking.
CNBC's "Halftime Report" traders tackled the markets as trading entered the second half.
Market watchers are expecting Greece to reach a deal with its international creditors by the June deadline, strategists say.