If the Fed cuts rates, and goes negative, it will have a direct impact on top consumer banks' balance sheets.» Read More
The mass protests from state workers in Wisconsin and the revolt by Democrats in the state Senate should set off alarm bells for investors in municipal bonds.
One of the strongest arguments against fears of a wave of muni bond defaults is that state governments will be able to reign in their need to accumulate debt before a crisis develops. That would require states to reign in spending—especially health care spending—and pension fund obligations.
Jamie Dimon has just been voted the most eligible CEO on Wall Street by Investor Relations magazine.
\(Well, what actually happened is that Jamie Dimon ranked first, among Wall Street CEOs, in a survey of 800 equity analysts and portfolio managers in a US investor perception study, which "underpins the IR Magazine US Awards". But that's just too boring for me to write for a lede without wanting to hang myself.\)
Steve Jobs—who is on medical leave of absence from Apple, and was recently photographed outside the Stanford Cancer Center—on Monday destroyed a Woodside, California mansion he bought in the 1980s.
Jobs has reportedly been trying to destroy the Spanish-style mansion for decades.
But the fact that he went ahead with the destruction despite his illness is a testament to the optimism and determination of the Apple CEO.
The first question anyone should ask about a change to how elections—whether for governments or corporations—are conducted is whether the results will be better government or worse.
The next question is whether the proposal makes the government or board of directors more representative of the preferences of the voters or less.
For many sporting and music fans, live events are a must. But rising ticket prices and a fragile economic recovery have made attending live events prohibitively expensive for some. Saturday is NASCAR's coveted Daytona 500 but if you want to go, the access comes at a hefty price.
What if you could bid and buy those tickets at a discount? That's the business strategy behind a new online ticket seller. The company is called ScoreBig and I decided to speak with the CEO of the company, Adam Kanner.
Before Scorebig he was the Vice President of Relationship Marketing and Business Development for the NBA leading all global direct customer relationships for the NBA, WNBA and D-League.
Bernanke defends US monetary policy. [CNBC via Reuters]
Sorry we haven’t been waking up together for a few days- hope this holds you over this weekend. Don’t be jealous— it’s already the weekend in Asia…but they have to work on Monday, so bam!
Ben Bernanke spotted at the movie theaters earlier this month."True Grit" playing on the big screen.
"He seemed to really enjoy it…laughing and cheering throughout..although it was a little weird to see him doing 'normal stuff," said one eyewitness.
The "doom loop" is shaking up stock markets as worries of negative interest rates in the US may come.
The rivalry between Bill Gross and his former company Pimco looks set to hinge on the U.S. economy this year. FT reports.
Tender issued for euro-denominated unsecured bonds worth 3 billion euros and dollar-denominated bonds worth $2 billion.