The date for liftoff will matter tremendously, particularly if the central bank decides to move in a month that's likely to be a highly volatile one.» Read More
Less than a week before the one year anniversary of the BP Deepwater Horizon disaster, the oil giant will be holding its annual meeting. The MMA Praxis Mutual Funds, a "socially responsible" investor group that owns shares of BP, is advocating that shareholders abstain or vote against the company's annual report and directors who are members of BP's Safety, Ethics and Environmental Assurance Committee.
I caught up with Mark Regier director of stewardship investing at MMA Praxis Mutual funds, ahead of this meeting.
As it turns out, General Electric is not returning a tax refund to the U.S. government.
While JPMorgan Chase appears to have had a good first quarter, its earnings show evidence that a massive credit contraction is underway.
Yesterday it was reported that Hosni Mubarak had a heart attack before he was scheduled to be questioned by prosecutors investigating the many allegations against him.
An article in Zim Daily has a new piece of information about the line of questioning.
JPMorgan Profit Up 67%; Sees Dividend Hike [CNBC.com via Reuters]
"Mortgage Mess Weighs of JPMorgan Chase" [CNNMoney via Fortune]
Uh-oh! Better hurry it up, Mr. Gorman. Shareholders are becoming impatient over recovery at Morgan Stanley [NYTimes DealBook]
Retail sales rise slightly less than expected [CNBC.com via Reuters]
This morning, I asked my guest host, Mark Mobius, what he sees happening once the Fed steps away in June. Here's what he said:
In the growing debate over inflation, most consumers are going with what their wallets are telling them.
Despite assurances from prominent Federal Reserve officials and some economists that inflation poses little threat, about three-fourths of respondents in a recent survey believe prices are headed higher over the long term.
Remember Donald Longueuil? He’s the former SAC Capital trader who was accused of insider trading back in February. The feds were able to bring charges against Donny thanks to his ex-best friend, Noah “Judas” Freeman, who also worked at SAC for a time \(and took part in the alleged ill-gotten gains made off of tips from expert network analyst Winifred Jiau\) and agreed to record conversations with Don in exchange for a lesser sentence and permission to go to Puerto Rico with his wife. As a refresher, here’s what they’ve got Donald on tape saying re: his USB flash drive \(dramatic reenactment can be heard here \):
A market priced for perfection will start to wilt when investors realize things aren't particularly perfect.
We have what traders call "degrossing," where participants are simply taking down overall exposure a bit.
Argentina's central bank on Tuesday ordered HSBC Argentina to name a new president and vice president within 24 hours.