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
If investors follow Goldman Sachs's advice and cash out of oil , it likely will be only a short-term trade that sets the stage for another buying opportunity.
That at least is the view from the trading pits, where the Goldman call Monday was greeted with a level of skepticism, even if it’s short-term ramifications saw an appreciable dip in the energy trade—and, in fact, across the commodity spectrum—on Tuesday.
Tyler and Cameron Winklevoss, the towering Olympic rowers and identical twins who you remember from The Social Network movie as the guys who gave Mark Zuckerberg the idea for Facebook, had their case against Zuckerberg thrown out of court yesterday.
The smartest judge on the Ninth Circuit court of appeals, judge Alex Kozinski, delivered a highly technical and devastating opinion that concluded with these words :
Remember Paul Ceglia?
He's the fellow in upstate New York who sued Mark Zuckerberg last July , claiming that, way back in 2003, Zuckerberg had agreed to give him a 50% ownership in the project that became Facebook.
That claim seemed preposterous at the time, not least because Ceglia had waited 7 years to file it.
And there was also the fact that Ceglia was a convicted felon, having been charged with criminal fraud in connection with a wood-pellet company he operated .
The news that two of Bank of America's top accounting executives were not consulted before the bank disclosed that a proposed dividend increase had been rejected by regulators is a devastating indictment of the bank's internal controls.
"Budget Tricks Helped Obama Save Programs From Cuts" [CNBC.com via AP]
"FCC is playing hardball with AT&T" [CNNMoney]
Looks like another deadline of the Dodd-Frank Bill will come and go. This one is the much talked about July 21 hedge fund registration deadline.
SEC Associate Director Robert Plaze recently sent a letter to the President of the North American Securities Administrators Association Inc., saying "we expect the Commission will consider extending the date ... until the first quarter of 2012."
The letter said advisers with assets between $25 million and $100 million are likely to get a six-month grace period. So is the SEC playing nice with the hedge fund sector? Or are they simply unable to handle the workload? I decided to ask Tom Westle, Partner at Blank Rome LLP, who represents hedge funds, about this latest development.
Many venture capital investors I've spoken with are pleased with the news that the Securities and Exchange Commission may be loosening rules on capital raising by private companies.
But they should be careful. This change might wind up threatening the business model of venture capital firms.
It was hardly surprising to learn this morning that Pimco’s $235.9 billion flagship bond fund had gone net short Treasury bonds.
But I was surprised to learn in conversations how many people were convinced that this was exactly the right move—although some wonder if Pimco might be a bit early.
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.