The stock market could learn a lot from Swan, Ajax and the rest of the gang from the 1979 cult favorite "The Warriors."» Read More
Turning the page on the calendar has become a favorite exercise for the stock market over the past year or so.
So with February fading into March, traders likely should brace themselves for a happy Tuesday, delivered straight from the accommodating folks on Wall Street.
Consumers increased spending 0.2 percent in January, despite a cut in Social Security taxes that grew personal income by a full percentage point.
You’ll hear lots of theories about why consumers didn’t spend more of the increased income. But don’t read too much into the news.
With all the talk about $4 a gallon gas and the crisis in the Middle East, the specter of surging food prices has gotten pushed to the background.
That’s a mistake, considering that the struggle to put food on the table is what generated the riots in the first place. In the US we focus so much on gas because of the way higher transportation costs infect every sector of the economy, but rising grocery costs are a major threat as well.
News broke on Friday that Richard Ruzika, head of Goldman Sachs' Special Situations Group was 'retiring'.
At 51, Ruzika, a former precious metals commodities trader, seems a bit young to spend his days ambling along on a golf course.
Which may make you wonder: What's the story behind the scenes at Goldman Sachs?
We're looking at busy week in terms of gauging the health of the U.S. economy. Monday is Consumer spending. On Tuesday, Federal Reserve Chairman Ben Bernanke testifies before the Senate Banking Committee. Friday is the all important jobs number.
I caught up with Diane Swonk, Chief Economist at Mesirow Financial, and asked her about the economic headwinds facing the country and s her outlook on the Mid East turmoil.
First Nouriel Roubini called the financial meltdown at the hands of mortgage-backed securities. Then Meredith Whitney predicted the collapse of several of the nation’s biggest banks. And now: Justin Bieber speaking out about the muni market?
As Bieber himself would say, “Never say never.”
Switzerland has also moved to freeze the assets of the Libyan regime. But it seems unlikely that Colonel Gaddafi and his cronies would be stashing their wealth in Zurich these days.
JPMorgan Wants a Piece of the Twitter Action [FT via CNBC.com]
Rodgers: Commodities Market=Win [CNBC.com]
Another Possible IPO: Looks like Glencore, the world's largest commodities trader,is considering an IPO[Reuters via CNBC.com]
Financial Documentary 'Inside Doc' Wins Oscar, Film's Director Slams Wall Street Execs in Speech: “Forgive me, I must start by pointing out that three years after our horrific financial crisis caused by massive fraud, not a single financial executive has gone to jail, and that’s wrong,” Charles Ferguson, the film's director, said at the beginning of his speech. [NYTimes]