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  Tuesday, 21 Sep 2010 | 10:35 AM ET

Everything There Starts With Jamie

Posted By: Ash Bennington

The Deal Magazine has just published its Third Annual Most Admired Corporate Dealmakers feature.

PhotosIndia.com | Getty Images

Five dealmakers made the cut, including executives from 3M, Abbott Labs, Coca-Cola, and Hewlett-Packard — but we focus on J.P. Morgan Chase& Co’s Jamie Dimon.

Here are some quick highlights:

» Read More
  Tuesday, 21 Sep 2010 | 10:04 AM ET

NFL Exec Anthony Noto Just Pulled A Rare Move: Returning to Goldman Sachs

Posted By: Kate Kelly

Nearly three years after leaving his analyst job at Goldman to become CFO of the football league, Noto on Monday revealed plans to go back to his old firm as co-head of the global media group.

Anthony Noto
CNBC.com
Anthony Noto

Few others have done so. An informal poll of current and former Goldman employees generated only one memorable example from recent years: Ed Forst, who is co-head of the firm’s investment management division.

Forst left Goldman to become an executive at Harvard in 2008, only to return after his first school year to be the firm’s new head of strategy. (He then changed roles again.)

Goldman has long been known for early retirement ages — especially since its IPO in 1999, which made some partners very wealthy — and its breeding of both future public servants \(Hank Paulson, Jon Corzine\) and future hedge-fund rock stars \(Eric Mindich, Dinakar Singh\).

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  Tuesday, 21 Sep 2010 | 9:29 AM ET

All Perked Up Over Mocha Latte Moola

Posted By: Stephanie Landsman, A Producer for 'Squawk Box'

Coffee is one hot commodity when you're a producer for a three hour morning show. So when coffee futures recently hit 13-plus year highs and raw sugar started trading around seven month highs — it created the jitters. Liking them sweet 'n low is an understatement.

Coffee
sot | Photodisc | Getty Images
Coffee

The prices you see in the supermarket are already rising. The J.M. Smucker raised prices on its packaged Folgers, Dunkin' Donuts and Millstone coffees last month by nine percent.

Starbucks , which raised prices in January on most of its brews, has kept prices unchanged.

Coffee is one hot commodity when you're a producer for a three hour morning show. So when coffee futures recently hit 13-plus year highs and raw sugar started trading around seven month highs — it created the jitters. Liking them sweet 'n low is an understatement.

» Read More
  Tuesday, 21 Sep 2010 | 8:23 AM ET

Cold Water Fusion, Definitive Answers on Causes of May 'Flash Crash' Continue to Elude Hysicists?

Posted By: John Carney
  Monday, 20 Sep 2010 | 6:27 PM ET

The Hedge Fund Party Is Over

Posted By: John Carney

Ally's GMAC Mortgage Halts Home Foreclosures in 23 States (Bloomberg) Early today, Bloomberg reported that the fourth-largest mortgage originator had told brokers and agents to halt evictions tied to foreclosures on homeowners in 23 states. Now HousingWire reports that Ally is denying the story. What's going on here?

NFL CFO Anthony Noto Returning to Goldman Sachs (AP via Washington Post) Don't pretend like you didn't know that Goldman also controls the NFL. And now Noto is being replaced by another Goldman alum, Eric Grubman.

What Happened to US Interbank Lending in The Fnancial Crisis? (VoxEu) Remember how we needed to bailout the banks because there was a sudden credit freeze after Lehman blew up? Turns out that that freeze never really happened.

Say It With Roses, Say It With mink, But Never Ever Say It in Ink (Bainbridge). If you are going to trade on inside information, don't send a thank you email to the guy who gave you the tip. And especially don't send it to his work account.

Hugh Hendry: The Hedge Fund Party Is Over (BBC) Hendry says that hedge funds have had it far too easy, for far too long, and there are far too many of them.

» Read More
  Monday, 20 Sep 2010 | 5:53 PM ET

The Shocking Lack Of Gold Volatility

Posted By: Lori Spechler

This gold rally has been as orderly as the March of the Penguins — straight line, all participants headed north. And a shocking lack of volatility — the brand new CBOE/Comex Gold Volatility Index settled around 19 after its first day of trading.

Gold Bricks
AP
Gold Bricks

When you ask traders why the price is still going up, you get the same story — lots of buyers, no natural sellers. The traditional sellers in this market — mining companies and in recent years, central bankers — have turned hoarders. And with the advent of ETFs, investors have an easy way to get long.

Looking for a catalyst to a big move, I asked Lou Grasso, trader at Millennium Futures what could happen in the gold market if the Fed initiates a second round of quantitative easing tomorrow. “If you get QE2, you could see a rally but, don’t think the market will sell off if there is no QE2”.

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  Monday, 20 Sep 2010 | 3:50 PM ET

Why Do Young Women Hate Wall Street?

Posted By: John Carney

The Wall Street Journal has a startling statistic : the number of women on Wall Street has shrunk 2.6% in the past 10 years.

Global Glam Collection
Getty Images
Global Glam Collection

The decline of women on Wall Street is not a recent event tied to the credit crisis. Even during the real estate boom years, the ranks of women were declining.

The decline is isolated to younger women who recently entered the work force. The number of women aged 20 to 24 fell 21.8%. The number of women over 55 who are employed in financial services has grown by 56%, vastly outpacing the 34% growth in the number of over-55 year old men.

This is all the more startling because Wall Street has unquestionably become far more sensitive about gender issues over the last decade.

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  Monday, 20 Sep 2010 | 2:38 PM ET

Goldman's Up and Coming Hip-Hop Artist Gets His Own Documentary

Posted By: Cadie Thompson

Apparently,Goldman Sachs' hip-hop investment banker , Allen Mask, has a mini-documentary coming out about him.

The film entitled "Guilt Free: the Music of Allen Mask" is currently in post production, according to a post on Vimeo .

Check out the trailer.

»Read more
  Monday, 20 Sep 2010 | 1:36 PM ET

Sorry Folks, Your Commute Is Doomed

Posted By: Cadie Thompson

Sorry Westchester and Connecticut commuters, looks like it's going to be one of those Mondays.

»Read more
  Monday, 20 Sep 2010 | 12:28 PM ET

The Next Bubble Is About To Kick Off

Posted By: James Altucher, founder and managing partner at Formula Capital

And it's stocks. 5 points on how stocks could double from here:

A) Gold and Bond flows will get reallocated to stocks (think 1980, when gold was last at alltime highs). Bonds at 3% interest rates can't compete with growing companies with a free cash flow yield of 9%.

B) M&A activity. About $443 billion worth of M&A transactions were announced in the first 9 months of 2010 versus about $325 billion in the first 9 months of 2009. M&A is through the roof and we have another $2 trillion (the cash Corporate America has in the bank) to go (just today, NZ gets bought by IBM for $1.7 billion and INET, a company with $4.6 million in earnings Q2, is getting bought for $640 million by a private equity firm).

When CEOs are using cash to buy companies instead of stock it shows they are comfortable with their prospects going into 2011 as well as the accretive prospects of the companies they are acquiring.

» Read More

About NetNet

  • NetNet is where you'll find the low-down and the high jinks of Wall Street. It's the place for insider stories, trader gossip, and tales of the foibles of the moneyed crowd and the culture of finance.Wall Street news and commentary served fresh all day long.

 

  • Jeff Cox is finance editor for CNBC.com.

  • Lawrence Develingne

    Lawrence Delevingne is the ‘Big Money’ enterprise reporter for CNBC.com and NetNet.

  • Stephanie Landsman is one of the producers of "Fast Money."

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