Bill Ackman is known for going all-in on his investments, and he's putting it all on Michael Bloomberg.» Read More
China's January inflation numbers have come in at 4.9 percent.
But the news for the Chinese may be more problematic than the rollup number would seem to suggest: Food stuffs rose an ominous 10.3 percent.
Food prices rising 10-plus percent is a troubling sign for a country in which untold millions live on less than $1.25 per day.
The President's right hand man on budget, Jack Lew, will be making a trip to Capitol Hill Tuesday to testify before the House Budget Committee on the President's 2012 budget proposal.
Chairman Rep. Paul Ryan \(R-WI\) is holding two days of hearings, and by all accounts this will be Wall Street's version of "must see t.v." I spoke with Budget Committee Ranking Member Rep. Christopher Van Hollen \(D-MD\) about the hearing as well as his outlook on spending reform.
US hedge funds report their quarterly holdings. DealBook provides the highlight reel. [DealBook]
Facebook's 'Frenemies': In Silicon Valley, the line between partner and competitor is a thin one.
—and those costs are creeping into consumer goods. [NY Times]
After much high-minded discussion of allowing states to file for bankruptcy, the backlash against that option has begun in Congress. [CNBC via FT]
Bahrain's "Day of Rage" leads to clashes with police—and deaths. [Financial Times]
Reuters gives advice on avoiding 'a Madoff' when picking your financial advisor . (One suspects the advice would have been equally welcome prior to 'The Madoff'.) [Reuters]
Big money—and big names—are behind a new buyout firm called Justice Holdings.
Justice holdings, a special-purpose acquisition company \(SPAC\), has just raised £900 million, which is just under $1.5 billion.
The budget battle is official on and it's going to get ugly fast. Criticism over the proposal has been puring out all day and it will hit a feverish pitch on Wednesday when the House has its first cut on Budget cuts.
Some policy analysts are predicting the Obama administration's budget is already dead on arrival and that the White House's real strategy is to sit back and watch the Republicans call for Draconian cuts and bring about a government shut down.
To get the full breakdown of what this budget means to the American taxpayer, I spoke with Pete Sepp, Executive Vice President of the moderate, conservative group, the National Taxpayers Union who did a line by line cost analysis and exclusively gave me the breakdown.
The National Taxpayers Union Foundation \(NTUF\), the research affiliate of the National Taxpayers Union, broke down the numbers.
Bling not in little blue boxes is looking to a lackluster Q1. Blue Nile , an online jewelry retailer, saw its stock fall 12 percent just after the company announced that it was expecting a weaker quarter.
Earlier today, the White House released a budget proposal that included trimming the mortgage interest deduction for taxpayers in the top income tax brackets.
This is the first step in eliminating what many economists view as an expensive and inefficient housing subsidy.
One of the chief banking rescue deal guys has decamped the FDIC for the more profitable climes of Goldman Sachs .
Investors looking for direction shouldn't expect to receive good news on the earnings front, Mike Thompson said.
The central bank is showing some serious deference to the folks making the financial world move.
U.S. Democratic presidential candidate Hillary Clinton will propose a tax on high-frequency trading, her campaign said.