Hedge fund managers are fuming at new political rhetoric against them and their huge paydays.» Read More
When news broke last week that the California Public Employees' Retirement System was suing former Lehman executives, we immediately started wondering what these folks are up to now.
Three Lehman executives were named in the suit: former CEO Dick Fuld and former CFOs Chris O'Meara and Erin Callan.
Our investigation into O'Meara and Fuld continues. But we do have some intelligence on Erin Callan.
Fret not: Saudi prince tells CNBC Saudi Arabia Will protect world oil supply. [CNBC.com's Patrick Allen]
Mozilo walks! [DealBook]
It's not a bubble – It's a chain letter. [PE Hub | Hat Tip: Term Sheet]
"SEC Case Prompts Hedge Funds to Sweep for Bugs" [CNBC.com via Financial Times]
Dynegy CEO and CFO to Leave After Failed Icahn Bid [The Street.com]
It may feel like spring in New York City—but fall is in the air. Models have been strutting their stuff for fashion week.
NetNet went fashion forward with The Style File Group Analyst & CNBC Contributor Hitha Prabhakar and CRT Capital Group Retail Analyst Leah Hartman to find out which retailers could profit from the fall trends.
Prabhakar was asked about what she saw on catwalk. Based on Prabhakar's observations, Hartman tells us which retailers will likely benefit—to help get your portfolio all dolled up.
As government economists and Fed apologists continue to dismiss inflation pressures, the fear that easy money and commodity pressures are about to come home to roost is building.
While Michael Pento at Euro Pacific Capital and a handful of others have been pounding the table about inflation ever since the Federal Reserve began quantitative easing, the sentiment is beginning to spread.
Contrarian investors are rapidly becoming the Maytag repairmen of the stock market.
Remember the old commercials? The sullen maintenance man, left standing alone in a desolate workroom, unable to do his job because none of the eminently efficient machines were breaking down?
Such is the position of the market contrarians.
The mass protests from state workers in Wisconsin and the revolt by Democrats in the state Senate should set off alarm bells for investors in municipal bonds.
One of the strongest arguments against fears of a wave of muni bond defaults is that state governments will be able to reign in their need to accumulate debt before a crisis develops. That would require states to reign in spending—especially health care spending—and pension fund obligations.
Jamie Dimon has just been voted the most eligible CEO on Wall Street by Investor Relations magazine.
\(Well, what actually happened is that Jamie Dimon ranked first, among Wall Street CEOs, in a survey of 800 equity analysts and portfolio managers in a US investor perception study, which "underpins the IR Magazine US Awards". But that's just too boring for me to write for a lede without wanting to hang myself.\)
JPMorgan Chase will cut about 5,000 jobs over the next year, as the bank closes branches and slims down operations, The Wall Street Journal reported.
Banks have been outperforming the market, and in the long term, technician Rich Ross sees a "beautiful breakout."
After Dick Fuld's first public speech since the crisis, this PR guy had one thing to say: Don't call it a comeback.