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There Are A Bunch Of Hollywood Heavyweights Giving Elizabeth Warren Serious Cash
Elizabeth Warren has been dubbed Hollywood's new political "It Girl." Her campaign has entered the spotlight amongst Hollywood stars. Big names such as Jeffrey Katzenberg, Barbra Streisand, Norman...
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Art Cashin On The Weird 'Change Of Direction' In European Immigration Patterns
UBS floor trader Art Cashin relays an interesting anecdote about how migration is changing in Europe. Basically, it used to be that immigrants coming from countries like Afghanistan and Bangladesh...
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LAYOFFS WATCH: RBS Plans To Eliminate 3,500 Jobs Globally
The Royal Bank of Scotland said it will axe around 3,500 jobs globally in its investment banking division over the next three years. RBS, which the British government owns an 83% stake after the firm...
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UniCredit And Italian Banks Are Rallying After A Strong Bond Auction And An...
UniCredit's shares spiked earlier today, driven by reports reports that Samruk-Kazyna, Kazakhstan’s wealth fund, bought a nearly 5% stake in the bank. Samruk-Kazyna has since denied the rumor,...
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Bad News For New York Renters...
We've been talking a lot about apartment vacancies, and how they're plunging to historic lows, as people put off home buying (and home building) and rent up units in multi-person buildings. Well......
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Traders In Hong Kong Are Actively Protesting Against A Shorter Lunch Break
Traders and brokers in Hong Kong took to the streets Thursday to protest a proposal for a shorter lunch break, Bloomberg News reported. The group of finance professionals marched to the headquarters...
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US Foreclosure Activity Hits A 4 Year Low
RealtyTrac reported today that foreclosures in 2011 declined 34 percent to their lowest levels since 2007, though the agency signaled the number could tick up this year as banks work litigation...
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Banks Say Debt Swap Time Is Running Out In Greece, Key Issues Unresolved
Just out via Bloomberg... Banks -- well, technically the institution for international finance, which represents them in negotiations -- say time is running out to resolve plans to writedown and...
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Hey Insider Traders, Here's One Way To Get A More Lenient Sentence
If you've been convicted on insider trading, you might want to show that you're really sorry so you'll have a better chance or receiving a lesser prison sentence. It may have worked for hedge fund...
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WAIT: Were Retail Sales In December Actually Really Strong?
Earlier we mentioned weak December retail sales. They were expected to grow by 0.3% but only grew by 0.1%. Ex-autos, they were expected to grow by 0.3% but actually shrank by 0.2%. Bummer right? But...
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BofA Is Suing A Florida Couple Over A Mortgage Typo They Never Even Made
For an institution that's had its fair share of PR pitfalls, Bank of America certainly hasn't been doing itself any favors lately. Now a Bloomington, Fla. couple is crying foul over the lender's...
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It Turns Out There Might Be Some Chinese Companies That Short-Seller Carson...
It sounds like short-seller Carson Block, the founder and research director of Muddy Waters Research, might consider investing in Chinese companies traded on U.S. stock exchanges, Bloomberg News...
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BUSTED: Fed President Made An Unbelievably Dismissive Joke About The Housing...
New transcripts from Federal Reserve Federal Open Markets Committee meetings in 2006 are painting a surprising picture of what top leaders and economists predicted was awaiting the world's largest...
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Treasury Strikes Back: Spokesman Says Calls For Repealing Dodd-Frank Are The...
The Treasury is hitting back against critics of Dodd-Frank Act who have complained that the volume of new financial regulations and the delays in writing them are holding back lending and hurting the...
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America Forgives The Vampire Squid: Goldman's Reputation Now Back At...
Goldman Sachs has managed to lift its reputation among consumers back to "pre-fraud suit levels," according to the YouGov BrandIndex's ongoing survey of 2.5 million people.Goldman has been sued...
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Legendary Hedge Fund Manager Boaz Weinstein Has A Surprising Stance On...
Boaz Weinstein, the founder of Saba Capital and former co-head of credit trading at Deutsche Bank, said he's long Italian sovereign debt right now, in an exclusive interview with Bloomberg TV's...
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Kashya Hildebrand: I Could Have Gotten Away With My Currency Trading
Kashya Hildebrand just hit back at her and her husband's critics. In an interview at an art show in Singapore, she admits to an error in judgment. She also explains her business' use of dollars,...
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FLASHBACK: Fed Governor Jokes About The Economy On Its 'Death Bed'
The Fed has released transcripts from 2006 meetings, today and we've been going through them, looking for choice quotes. Earlier we relayed a dismissive joke about the housing bubble. Here's another...
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Brutal, Day Starts Off With Big Banks Down Around 3%
We know the Dow is off 100 points from bad news about Euro downgrades on the way. JP Morgan's so-so earnings report didn't help either. How's that news treating financials? Not well at all. They're...
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