Manufacturing and corporate profits are both in recession mode, even though the rest of the U.S. economy continues to limp along.» Read More
This winter is going to be brutal—perhaps the worst in a century.
This news comes to us from AccuWeather Chief Long Range Forecaster Joe Bastardi.
In retrospect, Tuesday’s big rally in the stock market wasn’t hard to figure out. The market did what it almost always does the first day of the month.
Traders didn’t let a little geopolitical tumult get in the way of behaving the same way they have in 12 of the past 14 first trading days of the month. They bought the S&P 500 and bought it big, sending the index to a close above 1,300 for the first time since June 2008.
As the situation on the ground in Egypt continues to destabilize—with riots breaking out in Tahrir Square earlier this afternoon Cairo time—there is much discussion of the critical role the military will play in Egypt in the days and weeks to come. Among policy analysts who seem to agree on little else, there appears to be a consensus on this: The military will play a key role in determining the future of the Egyptian nation.
In August of 2006, Jim Clark—the founder of Netscape and Silicon Graphics—met with Paulson & Co founder John Paulson. Clark was impressed by Paulson’s plans to short the subprime mortgage market. But when he spoke with his advisors at Goldman, they talked him out of investing with Paulson, who they described as a bit player.
Central bankers compare unfavorably to the devil, America needs a heart transplant, and financial advisors “have failed miserably” at reaching their most important goal, Pimco’s Bill Gross says in his latest commentary.
The managing director of the world’s largest bond fund manager spares scorn for no one in an evaluation of what has happened because of overwhelming debts in global nations.
We're a little less than two weeks away until the White House releases its 2012 budget and both sides are getting ready to battle.
The Republicans continue to vow to drastically cut spending and the deficit. Senator Ron Johnson, the junior Senator from Wisconsin, but he is quickly becoming a big name among hill Republicans.
Delivering the GOP's national weekly radio address last weekend, Johnson said the root of all economic evil facing our nation is “big government" and uncontrolled spending. Sitting on the Budget and Appropriations Committees, the former accountant and manufacturer hopes his "real world" experience will help re-shape Congress' spending habits.
Tahrir Square in Cairo descends into riots. [CNBC via Reuters]
"Clashes After Egypt's Army Calls for End to Protests" [Wall Street Journal]
Monetary tightening eyed in China. [NY Times]
In New York City, it's icy, slippery, and slushy. [New York Post]
More deal mean higher profits at Lazard. [Dealbook]
One more thing to worry about: An uptick in civil wars. [Business Insider]
Barry Ritholtz on Wall Street compensation. [Ritholtz.com]
Steve Sailer points out why our aid to Egypt doesn’t seem to buy us as much loyalty as it once might have.
The deal struck at Camp David in 1978 was, very roughly, that, in return for no more war, the U.S. would give Israel $3 billion per year and Egypt $2 billion per year \($1.3 billion of which went to strengthen the military\), or $50 per Egyptian per year. That wasn't bad money back then.
Markets will likely experience heightened volatility in 2016, portfolio manager Larry Glazer tells CNBC. Here's why.
Hackers have targeted three Greek banks, demanding a ransom from each lender of 20,000 bitcoin, the FT reports.
Some say China's 20-percent bounce in recent months is the beginning of a new bull market. No way, says Ron Insana. Here's why.