Manufacturing and corporate profits are both in recession mode, even though the rest of the U.S. economy continues to limp along.» Read More
Cliff Asness, the managing partner of AQR Capital Management \(one of the world's biggest hedge funds\), has sent an email urging friends to see the film "Atlas Shrugged," the adaptation of the novel by Ayn Rand.
With a subtle wave of his baton, the aspiring Maestro may have started the music for another round of Federal Reserve monetary easing.
If the bull market will end when the last grizzled bear comes out of his den and comes to the table, then hold onto your portfolio, because it may well be dinnertime.
Why on earth did Barack Obama decide to release his birth certificate today?
The unemployment rate is 8.8 percent.
The housing market is falling apart again.
We're involved in a third war in an Islamic country.
So what is the biggest news today out of Washington, DC?
Despite the news that some prominent hedge fund managers are abandoning him, President Barack Obama is not giving up on Wall Street fundraising.
This is a guest post from Jay Feuerstein, the Chief Investment Officer of 2100 Xenon Group.
On Monday, Standard & Poor’s heightened fears of a global debt crisis by cutting its outlook on America’s AAA debt rating to negative over the next two years. Already spooked by Europe’s debt crisis and China’s latest tightening, global financial markets plummeted on the news, leaving investors dumfounded at the prospect of an insolvent America.
Grab your hump day poison as you are contributing to Starbucks new rise this morning to the #3 restaurant chain \(behind Mickey Dees and Wendy's\)...and get a move on! Here's what you need to know:
Bernanke to meet the press [Yahoo Finance via AP]
Did the biggest banks profit by borrowing from the Fed then lending to the Federal Government? One study says they likely did. [Huffington Post]
Citi plans a hiring spree! [CNBC.com via FT]
Reputation is dead on Wall Street [NYTimes DealBook]
Markets seem to be be moving higher and shirking off bad news no matter what, strategist Michael Farr says.
Barclays was hit by a $108.5 million fine on Thursday as it allegedly worked with super-rich clients in a way that could have facilitated financial crime.
A class action lawsuit accuses banks of conspiring to limit competition in the $320 trillion market for interest rate swaps.