Bill Gross thinks conditions are ripe for a liquidity crisis, and he points a finger at his old firm for its potential to be at the center of the storm.» Read More
While todays news about jobs in the service sector looks like good news, theres a strong possibility that it is evidence of a headfake.
Jobs in the U.S. service sector expanded in February at the fastest pace in more than five years, according to this mornings report from the Institute for Supply Management. The ISM service-sector index rose to 59.7 last month, from 59.4 in January. We've now had six straight months of service sector job growth.
Why does intelligence appear to enhance a man’s dating and marriage prospects while diminishing a woman’s prospects?
It’s an explosive question for a number of reasons. First, we’re not really meant to notice these kind of gender imbalances—unless we’re lodging a grievance against “discrimination.” Second, at its heart it is about, well, matters of the heart—always a sensitive topic and one that many people cringe at exploring intellectually. Third, it’s about sex—something a lot of people are understandably uncomfortable talking about in public.
For Louisiana Congressman Rep. Charles Boustany, M.D. is was a big week.
First, the Administration issued its first new drilling permit since the unofficial drilling moratorium was put in place. And at the end of the week, Medicare fraud was addressed in a hearing in Congress.
Health Secretary Kathleen Sebelius is testifying on the Hill about the HHS budget and the implementation of the new law. I decided to catch up with Representative Boustany to discuss these two issues.
Concerns over the turmoil in the Middle East and North Africa is keeping the price of crude at the century mark.
You can bet that when the oil companies start reporting record profits for the current quarter, they will be blasted by the Obama Administration and painted as villains. But should the blame of the rising price of oil and the profit taken on the backs of the consumer go beyond big oil?
I decided to sit down and speak with oil trader veteran Dan Dicker. Dan was an oil for trader of the New York Mercantile Exchange for 25 years and is the author of the forthcoming book, "Oil's Endless Bid: Taming the Unreliable Price of Oil to Secure Our Economy".
I am certainly no genius, but, for the sake of this piece, let's call me a "smart woman." \(Sure, let's call John Carney a "smart man," too.\)
So, Carney recently made the argument that "dumb chicks have both greater opportunities and greater incentives to try harder to date smart men than smart women do." Interesting, but untrue.
A new study of Bernie Madoff's Ponzi scheme concludes that JPMorgan Chase made over $900 million in pretax profits from the Madoff scam.
The academic paper by Dr. Linus Wilson, a finance professor at University of Louisiana at Lafayette, makes use of newly released data and different methods of calculation than previous studies.
"Greek 'I Don't Pay' Movement Threatens Reforms" [Reuters via CNBC.com]
Food prices hit a record high in February [Bloomberg]
Beyonce donates Gadaffi concert money for Haiti relief [Huffington Post]
A batch of economic data you need to know today: Jobless claims at a 2 1/2 year low [Reuters via CNBC.com], February retail sales [CNBC.com's Christina Cheddar-Berk]
Rajat Gupta vigorously denies the insider trading charges the SEC has lodged against him, calling them “totally baseless.”
The circumstantial evidence against Gupta, however, is very strong. In fact, the pattern of behavior alleged by the SEC—obtaining confidential board information and then immediately calling Raj Rajaratnam, the man who then traded on the stocks—is damning.
Nobel Prize-winning economist Robert Shiller says that his key valuation indicator is flashing warning signs.
The Fed is in the early stages of an analysis on changes in bond market liquidity, amid signs that liquidity may be less resilient than in past.
Janus Capital acquired a majority interest in Kapstream Capital and said Kapstream's Palghat will support Bill Gross as co-portfolio manager of the Janus Global Unconstrained Bond strategy.