REPORT: Obama Close To Choosing Jack Lew To Replace Geithner As Treasury...
President Barack Obama could announce this week his choice to nominate Jack Lew to be the next Treasury Secretary, Bloomberg's Hans Nichols is reporting.Lew, the current White House Chief of Staff,...
View ArticleChina's Chicken Supplier Probe Is Causing Problems For KFC (YUM)
Yum! Brands, the owner of KFC and Taco Bell, just warned that sales in its Chinese stores would fall short of expectations due to anFrom the company's 8-K filing with the SEC:Due to adverse publicity...
View ArticleSTIGLITZ: We're Overlooking The Global Economy's Long-Term Problems
In the shadow of the euro crisis and America’s fiscal cliff, it is easy to ignore the global economy’s long-term problems.But, while we focus on immediate concerns, they continue to fester, and we...
View ArticleHow The E-Commerce Revolution Is Changing Everything We Know About Retail
Morgan Stanley's tech analysts and retail analysts came together and published a big presentation on the eCommerce revolution.The Morgan Stanley team expects the eCommerce opportunity – "retail sales...
View ArticleHere Are All The Things Government Would Have To Shut Down Immediately If We...
Let's suppose the GOP doesn't raise the debt ceiling on time.And let's suppose the administration doesn't try any novel ideas, like invoking the 14th Amendment or using the Trillion Dollar Platinum...
View ArticleChina Could Be Spending More On Its Military Than The US By 2035
China's military budget has been exploding and could soon pass the US military budget in just over two decades.From a recent research note published by Societe Generale:Growing dispute with China and...
View ArticleAll The Money We're Pouring Into Emerging Markets Has Created A Massive Bubble
(This article is frequently updated)Encouraged by the rise of China and India in the past decade, investors and economic commentators have eagerly looked toward other emerging market nations in hopes...
View ArticleDAVID BIANCO: The Most Popular Measure Of Stock Market Value Has 3 Major...
The most popular and perhaps most trusted measure of stock market value is the Shiller PE, which is also known as the cyclically-adjusted price-earnings ratio.In short, the Shiller PE is the price of...
View ArticleThe Ultra-Hot Japan Trade Of The Last Few Months Is On Pause
There's been a Japan trade that's been ultra hot for really the past couple of months.Thanks to the new Japanese PM (who has promise aggressive monetary easing) the yen has been weak and the Nikkei has...
View ArticleSears CEO Abruptly Steps Down — Eddie Lampert Will Take Over
Big news from Sears.Hedge funder Eddie Lampert is taking over as Sears Holdings CEO, starting on February 2.CEO Louis D'Ambrosio is stepping down, citing "family health matters."Lampert is the chairman...
View ArticleThe 10 Biggest Risks The World Faces In 2013
"Political risk has entered our vocabulary," writes Ian Bremmer pointing to the fiscal cliff, the eurozone crisis, and the turmoil in the Middle East.Every year, Bremmer, the head of Eurasia Group,...
View ArticleThe Euro Is Surging As Mario Draghi Speaks
The euro is surging against the U.S. dollar after ECB President Mario Draghi revealed at the ongoing ECB press conference that the decision to leave interest rates on hold was unanimous.Right now, it...
View ArticleAndrew Cuomo Wants To Enact The 'Toughest Assault Weapons Ban In The Nation'
New York Gov. Andrew Cuomo on Wednesday outlined a seven-step proposal to curb gun violence featuring what he said he hopes will produce the "toughest assault weapons ban in the nation."Cuomo focused...
View ArticleDividends Were Responsible For 42% Of Stock Market Returns Since 1930
Dividend stocks aren't just for old people and conservative investors.They're for anyone interested in making money.Breaking down the returns of the S&P 500 by decade, Morgan Stanley's Adam Parker...
View ArticleThe Fabulous Life Of Dan Loeb — The Hedge Fund Manager At War Against Bill...
Daniel S. Loeb, the founder of Third Point LLC, has a reputation for his strongly worded (and public) letters to companies and CEOs.The sharp-tongued fund manager has made headlines again after taking...
View ArticleHow Obama Can Win The Debt Ceiling Fight By Giving Republicans Exactly What...
Republicans insist that there's nothing particularly irresponsible about attaching demands to a debt ceiling hike, because under no scenario are we actually risking default on our debt. Everyone agrees...
View ArticleJon Stewart Skewers HSBC For Dealings With Iran And 9/11 Perpetrators
A U.S. Senate investigation released last month found that the bank HSBC helped Iranian banks skirt American trade sanctions and Mexican drug lords launder money.They also did business with a Saudi...
View ArticleLet's Assume That The President Doesn't Want To Mint Platinum Coins...
Let’s assume that President Obama really wants to reduce the federal deficit by trillions of dollars over the next 10 years rather than mint platinum coins. Then most of that money will have to come...
View ArticleSupervalu Shares Are Spiking (SVU)
Supervalu shares were up as much as +15 percent after the grocer announced it would sell many of its components to Cereberus for $3.3 billion, the Wall Street Journal reports.The private equity firm...
View ArticleECB President Mario Draghi Reveals That The Decision To Leave Interest Rates...
Today, the ECB voted to leave interest rates unchanged, with the benchmark refinancing rate on hold at 0.75 percent, as economists expected.During last month's press conference, ECB President Mario...
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