Scott Minerd of Guggenheim Partners thinks quantitative easing in Europe could work, but not for the reason you might think.» Read More
Apple and Google have been wading into 'cloud computing' for internet video—but porn is jumping in head first.
Movies are a multibillion dollar business—and the big media conglomerates that run the industry are among the best known and best capitalized corporations on Wall Street. So a sea change in the world of video is something worth giving some thought.
Even before the Deutsche Boerse and New York Stock Exchange-Euronext officially announced that talks between them were in "advanced stages," there were whispers of what other deals might be in the works.
In particular, people have been asking how Nasdaq would respond to the creation of such a global powerhouse exchange.
So...this is probably not one of daddy's proudest moments.
Turns out Mark Sanchez's youthful lady friend \(and by youthful, I mean barely legal\) is the daughter of a well-to-do \(and by well-to-do, I mean extremely loaded\) partner of a Connecticut based hedge fund.
The idea that we may be headed for an oil supply crunch got a boost from a Wikileaks release revealing that Saudi Arabia's oil reserves may have been exaggerated by as much as 40%, or 300 billion barrels.
The basic theory of “peak oil” is that we have reached—or will shortly reach—the point when oil extraction cannot be expanded. We’re drawing as much oil out of the ground as we ever will—oil extraction has “peaked.” The typical follow up to this is the prediction that we’ll decline from this peak—perhaps rapidly—creating a spike in oil prices or a huge demand for alternatives.
In the speech by Dallas Fed president Richard Fisher thatI discussed earlier today , Fisher delivered a stinging rebuke to Ron Paul almost calling the Congressman out by name.
Fisher's contention is that Fed critics are over-emphasizing the importance of monetary policy. His argument is addressed to those who think the Fed should be held accountable for the weakness of our so-called recovery and those who are worried that the Fed is debasing our currency.
Last night the American Ireland Fund hosted an event on the floor of the New York Stock Exchange.
Duncan Niederauer, the CEO of the NYSE, was the evening's host. Also, there was an open bar.
Official Congressional budget estimates understate the peril of rising debt, Fed chair Ben Bernanke told the Budget Committee on Capitol Hill today.
Warning that our nation's fiscal health has deteriorated appreciably since the onset of the financial crisis and the recession, Bernanke called upon lawmakers to confront the long term fiscal challenges sooner rather than later. If lawmakers don't confront them, they'll find themselves confronted by them.
Muni-Madness is about to get under way on Capitol Hill. A series of hearings kicks off today with the Subcommittee on TARP and Financial Services' "State and Municipal Debt: The Coming Crisis?" In the background of these hearings is the question of whether Congress will step in in and bailout states who are often said to be teetering on the drink of default.
I spoke with Steve Murphy, Managing Director, State & Local Government Ratings at S&P, about the state of the states and their debt.
As central banks move to weaken their currencies, Treasury Secretary Jack Lew tells CNBC a stronger dollar is good for everyone.
Daunte Culpepper, the former Viking standout QB, spent a lot more time worrying about Xs and Os than he did PSI.
The bond market and commodity prices used to be the best economic gauges. But can you still trust them?