Maintaining zero interest rates is creating a scenario in which containing risks "becomes virtually impossible," according to an analysis.» Read More
Despite pressure from federal prosecutors overseeing the case against Raj Rajaratnam, the Securities and Exchange Commission pushed ahead with its insider trading case against Rajat Gupta because of his status as a sitting board member on public companies.
The 21st Century world is fragmenting at an alarming pace—economically and politically—and the old models of understanding global dynamics are struggling to keep up with the breakneck speed of change.
The yen has been trading violently against major and minor crosses, which, of course, is to be expected. But, what’s unexpected to some is the subsequent dollar weakness.
Hacker group 'Anonymous' releases Bank of America documents [The Telegraph]
"History Shows Rebuilding Spurs the Economy" [CNBC.com via Financial Times]
The deal that made Bill Gates $350 million at age 30 [CNN Money via Fortune]Um...don't you mean Massachusetts?
Congresswoman misfires about 'the shot heard around the world'
[The Boston Globe]
Stop talking to yourself and feeling old. I know rainy days and Mondays get you down, but I'm here to help you feel like you belong, at least with me and the other graveyard runners:
Fairfax Financial's lawsuit against hedge fund manager Daniel Loeb has just gotten uglier.
Loeb, who runs the New York based hedge fund Third Point, is being sued by the Canadian insurance company, over allegations that Loeb misled his investors over the amount of research he did before shorting their stock.
Mikhail Malyshev, the founder of hedge fund Teza Technologies and the former head of Citadel's high-frequency trading team, has been indicted for perjury, FinAlternatives reports.
The Saudi foreign minister appears to be blaming foreigners for the unrest in Saudi Arabia—and his message on outside interference is this: "We will cut any finger that crosses into the kingdom."
What will define his legacy is whether the Fed went beyond its mandates and laid the groundwork for peril ahead.
Google's renamed parent company is set to become the latest investor to back Symphony. The FT reports.
The Fed cannot raise interest rates because the market is not pricing in a hike, Joseph LaVorgna told CNBC.