Hedge fund manager Bill Ackman renewed his attack on Herbalife on Tuesday.» Read More
Happy Tuesday, which is always better than Happy Monday and certainly worthy of toasting with a Morning Six-Pack.
When you hear central bankers start talking about "forward guidance" to control interest rates, remember this: They usually don't know what they're talking about. (Quartz)
Why are Legos so popular in a world filled with mind-blowing high-tech games? Because they're not a mind-blowing high-tech game. (The Economist)
At some point over the next few years, the rate of money flow and inflation will start to catch up to each other, eventually sending the economy into a recession, according to a new analysis from banking analyst Dick Bove.
The good news in Bove's forecast is that the day of reckoning is probably four years away.
The bad news is that a 7 percent rate in the 10-year note looms out there, something that would put a severe crimp in the current debt-happy economy.
Friday's nonfarm payrolls report easily beat Wall Street expectations but may not be quite what Wall Street wanted.
The headline gain of 175,000 jobs offered hope that the weather slowdown from the past two months had abated. Yet the gains remained beneath trend and indicative that the economic picture for 2014 remains clouded.
Ultimately, the markets will decide.
Stocks wobbled through trading Friday and bond yields jumped as the first signs of inflation fear arose in trading.
Ultimately, it looks like the recovery will be put through additional tests before a final verdict is rendered. Check out the latest installment of NetNet TV as CNBC's Patti Domm and Jeff Cox deliberate the road ahead.
China has experienced its first corporate debt default in at least 17 years, and that might be the best thing that's ever happened to its bond market.
The country's path to meaningful financial reform depends on its ability to have a legitimate, open system, and a long tradition of refusing to allow weak companies to fail at any level has undermined that goal.
A top financial regulator has issued a warning about the rapidly growing segment of mutual funds that mimic more complicated hedge fund strategies.
"Alternative funds are the bright, shiny object. But they're a sharp object," Andrew Bowden, director of the Securities and Exchange Commission's Office of Compliance Inspections and Examinations, said during a speech at an investment advisor conference Thursday.
"The use of market valuation for illiquid securities in an open-ended mutual fund, which requires daily valuation and offers daily liquidity is fraught with risk," Bowden said. "If any of you are considering launching a mutual fund that uses alternative investments or strategies, I implore you to evaluate the reasonableness and the effectiveness of your controls."
Happy Monday. Stock market futures are looking kind of flat. "Flat" is a word we never like to use when talking about the Morning Six-Pack.
Don't like your 401(k) performance? Then take a look in the mirror, pal, because you just may be the problem. (Washington Post)
Investment firms have sharply increased the protection they buy against macroeconomic shocks, so called "tail risk" hedging for a potential armed conflict in Eastern Europe.
"There's been an uptick in hedging activity—we've definitely seen funds add to tail hedges in case the conflict escalates," said Jon Kinderlerer, who analyzes Credit Suisse's hedge fund client portfolios as head of risk and portfolio advisory for the bank's prime brokerage division.
In February, the percentage of funds that purchased "deep downside" protection—a financial bet that would gain if there is a significant drop in global stocks—hit a two-year low of less than 13 percent. That spiked to more than 17 percent as of Monday, according to Credit Suisse data.
Happy Thursday. A word of advice: Don't get your hopes up for Jobs Friday. It's not going to be pretty.
Loss of long-term unemployment benefits so far has hit about 2 million Americans ... and counting. (Providence Journal)
Remember Mitt Romney? A poll of New Hampshire Republicans shows that he is leading the field for the 2016 presidential race, which should pretty much tell you all you need to know about the GOP these days. (Union Leader)
Billionaire activist investor Carl Icahn slammed the state of corporate governance in America on CNBC Wednesday, saying it was even more dysfunctional than the political system.
"I'm not here to defend what goes on in Washington, but even there, it's infinitely better than the corporate boardroom," the chairman of Icahn Enterprises said during a wide-ranging interview on CNBC's Squawk Box.
"You do have a somewhat fair election [in Washington]. You don't have fair elections, you know, in a corporate suite," Icahn added. "You're the ex-CEO, even if you've done a real bad job, they increase your salary, they give you a big bonus. Then you take the corporate treasury and spend millions and millions of bucks to hire a lawyer to defend you."
Prominent money managers are warning of a bubble in some technology stocks and recommend avoiding emerging markets.
Turney Duff chronicled his spectacular rise and fall on Wall Street in "The Buy Side." Here, he offers 10 tips for those young traders climbing the Wall Street ladder now.
The leaders of the Senate Banking Committee on Tuesday announced an agreement on legislation to wind down government-owned mortgage financiers Fannie Mae and Freddie Mac, jump-starting a long-standing debate that could still take years to resolve.