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Jamie Dimon Says Wall Street's Going The Way Of Wal-Mart — And It's A Good Thing
Jamie Dimon is a major voice in this week's New York Magazine's cover story on Wall Street's business model. The piece is called 'The End Of Wall Street As They Knew It,' and it basically breaks down...
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Shipping Costs Have Plunged So Hard, Companies Are Now PAYING Customers To...
We've been following recent plunges in the Baltic Dry Index—a measure or commodity shipping costs—because it's near its lowest value since August 1986. Today Bloomberg reports that vessel operators...
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THE HOUSING BOTTOM IS HERE
There have been some recent articles arguing the “housing bottom is nowhere in sight”. That isn’t my view. First there are two bottoms for housing. The first is for new home sales, housing starts and...
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Hedge Fund Manager Releases Sex Tape And Sues Beauty Queen For Kidnap And...
A hedge fund manager claims he was kidnapped and assaulted for eight hours by former Miss Korea 1995 and her family, the AllKpop site reported. The hedge-fund manager, Chris Hsu, the CEO and founder...
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JIM O'NEILL: Here's More Proof That China Is Becoming More Of A...
China's rapidly growing economy has been driven by its exports. However, for growth to continue in the long run, many have pointed to the need to shift toward more of a consumer-driven economy. In...
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How Much Dopamine Is Too Much For a Trader?
Some on the Street like to talk about how making money is "in their DNA." But it's always surprising to see what turns up when real scientists actually look at traders' chromosomes. In the latest such...
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The Final Tangled Transactions At MF Global Totaled More Than $327 Billion...
James Giddens, the Trustee in charge of winding down operations at MF Global and disbursing locked up funds to clients, announced today that he has traced most of the final transactions made during...
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UGH: This Is Happening Again In Washington
From MNI: Senate Majority Leader Harry Reid blasted Republicans Monday for delaying progress during negotiations on a payroll tax cut extension package and said he will offer an alternative package if...
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Pressures Mount On Greece: Here's What's Ahead Tomorrow
Headlines from Greece appear to have died down today, as Greek politicians, banking representatives, and troika officials continue to hold simultaneous negotiations on proposals that are necessary to...
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Tinkerbell Economics – The Confidence Fairy, Pixie Dust and a Sleeping Dragon
While we may be hours away from a partial (and certainly a stopgap) agreement in the talks among the Greek government, the troika and private sector creditors, it is doubtful that a deal will emerge...
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CHART OF THE DAY: A Major Shift In The Stock Market That Everyone Is Cheering...
One of the big issues with investing in 2011 was elevated correlations across risky financial assets. In other words, asset classes like stocks, corporate bonds, and commodities were moving up and...
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The Sale Continues: Bank Of America Plaza To Be Sold In Foreclosure Tomorrow
You don't need to be a poet to find a metaphor in the foreclosure of Bank of America (BAC) Plaza in Atlanta. Bank of America has come to represent the U.S. property bust more than any other...
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STOCKS SLIP AND GREECE GETS NOWHERE: Here's What You Need To Know (DIA, SPY,...
So, not much happened today. No major headlines out of the U.S. Even worse, no news of progress out of Greece. First, the scoreboard: Dow: 12,843.9, -18.2, -0.1%S&P 500: 1,344.3, -0.6,...
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President Obama Will Be Appointing A JP Morgan Executive Who Helped Create...
President Barack Obama announced on Friday plans to appoint a JP Morgan executive to the board of the Federal Deposit Insurance Corporation. Jeremiah Norton, an executive director for investment...
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It Looks Like Job Growth Is Getting Ready To Accelerate
Just about the only drawback in Friday's employment report is that at the rate employment has been growing since it bottomed 2 years ago, it will take possibly a decade to make up all of the jobs lost...
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A Step-By-Step Guide To Buying Your First Big Piece Of Art
So you've got a little extra cash in the bank—maybe a year-end bonus or recent inheritance. Finally, it's time to start the art collection you've always dreamed of. But buying art isn't as easy as...
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Ron Paul Went To Town Blasting The Consumer Financial Protection Bureau In...
No surprise here people, Ron Paul hates a government agency. In his latest 'Texas Straight Talk' address, the Congressman went off on the new Consumer Financial Protection Bureau, call ling it...
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Lazard Warns Wall Street: Deferred Comp Is No 'Free Lunch'
Today, Lazard reported fourth quarter earnings and missed big. Analysts were expecting a profit of 37 cents per share. The bank delivered only 1 cent per share. Volatile market conditions certainly...
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Yum Brands Earnings Beat Expectations, As Growth In China Continues to...
Yum Brands, the owner of fast food chains including Taco Bell and KFC, reported fourth quarter results of $0.75 per share, topping analyst estimates by a penny. Revenues surged 20 percent year-on-year...
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The Lady Who Told Everyone John Mack Has A Shoe Fetish Just Got Promoted At...
One of the most quoted names at Morgan Stanley is moving on. Moving on up, that is. Jeanmarie McFadden, who was most recently Morgan Stanley’s “Global Head of Communications,” is becoming the head of...
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