The currency war is getting out of control. Here's a snapshot of the week so far in central banking.» Read More
The huge cache of bank documents held by Wikileaks is dated and perhaps a bit dull.
But they are definitely from Bank of America.
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.
The currency war is getting out of control. Here's a snapshot of the week so far in central banking.
Banks no longer are the center of the market universe, Meredith Whitney said at a conference Wednesday.
Investments by academic institutions did well in 2014, boosting long-term performance records hit during the financial crisis.