Thursday, April 30, 2015
These hot April stocks could flower in May
These stocks jumped 10% or more during April but still have 7% or more upside. USA TODAY reports.
7 years on from crisis, $150B in fines and penalties
More than seven years after the global financial collapse, banks have paid more than $150 billion in fines and other penalties.
Chinese banks are clobbering the US: Bove
China's banks are taking over the world, or at least pushing their U.S. counterparts out of the leadership role.
Here are the best Asia investing opps: Expert
Look beyond China and India for investing in Asian growth, according to pros at the Milken Institute Global Conference.
Electricity usage predicts stock direction: Paper
Tracking electricity usage is helpful in discerning broader market movements, according to Notre Dame research.
Cramer: Looking for low-risk investment? Buy Exxon
CNBC's Jim Cramer said investors can buy Exxon shares without "getting in trouble," and here's why.
A millionaire, a Swiss account, and a secret flight
The story of Florida businessman Mark Gordon shows the shadowy world of Swiss banking.
Data shows improvement on the jobs front
Very low jobless claims may be a sign that March's low employment report will be revised upward.
Fed's Tarullo wants to cut red tape for small banks
Rules for small U.S. banks should be less strict and less cumbersome than those for their larger and more risky peers, the Federal Reserve's top regulator said on Thursday.
Exxon earnings, revenue beat by a mile
Exxon Mobil reported quarterly earnings and revenue that handily topped analysts' expectations on Thursday.
Profits up 17% at world's second-largest reinsurer
Swiss Re, the world's second-largest reinsurer, posted a 17 percent rise in net profit
Wednesday, April 29, 2015
Gross: Why Fed will have problems raising rates
The U.S. economy will have "problems" reaching goals outlined by the Fed's policy committee, bond guru Bill Gross said.
Ron Insana: Hey, Fed—What was that?!
Sure it was a tough quarter but the Fed really muddied the waters with its latest statement, says Ron Insana.
Watch for these bubbles, pros at Milken warn
Investors should be wary of bubbles in several crowded trades, according to large investment managers at Milken.
Here's what changed in the new Fed statement
This is a comparison of today's FOMC statement with the one issued after the Fed's previous policy-making meeting on March 18.
Not yet: Fed holds rate at zero, no hint for hike
Following through on indications in March, the Federal Open Market Committee on Wednesday offered no changes to its zero interest rate policy.
Trying to explain the strange moves Wed morning
The really weak economic numbers—particularly the disappointing GDP—implies two trades could be coming a bit unwound.
Get ready for more big deals, Wall St execs say
The surge in M&A isn't likely to subside anytime soon, according to two senior bankers from Goldman Sachs and Citigoup.
Mistrial attempt in Goldman Sachs coder case
The trial of former Goldman Sachs programmer Sergey Aleynikov's has two jury members turning against each other.
Consumers holding onto their wallets for dear life
The first-quarter GDP report put several dents in popular economic narratives, none of which bode well for growth ahead.
GDP disappoints, but what Fed says is what matters
The market responded modestly to a weak first quarter GDP report.
Nasdaq acknowledges early Twitter earnings release
The Nasdaq said that Shareholder.com "inadvertently" released Twitter's quarterly earnings results ahead of schedule.
SEC proposes new rules on CEO pay, performance
The SEC proposed a series of new rules on Wednesday related to CEO pay and corporate performance, implementing requirements under Dodd-Frank.
Cramer: Why the Fed should remain dovish
"If they truly are [data dependent], they have to be as dovish as they can be," CNBC's Jim Cramer said.
Charter, TWC to meet next week to talk deal: Source
Charter Communications and Time Warner Cable are likely to meet next week to discuss a possible deal, sources told CNBC on Wednesday.
Time Warner earnings top expectations
Time Warner reported quarterly earnings that topped analysts' expectations on Wednesday.
Tuesday, April 28, 2015
Vulture investor: This hot sector is 'vulnerable'
Silicon Valley may still be chasing unicorns, but at least one big Wall St. investor is thinking more like a vulture.
Gundlach vs. Gross? The 'unconstrained' debate
Money managers have a warning for investors using unconstrained bond funds, liquid alternatives and other new products.
Goldman: How investors will make $1T this year
Investors will make more than $1 trillion in 2015, Goldman Sachs said.
Citigroup wins shareholder support as stock lags
Citigroup shareholders re-elected directors even as their stock traded for less than the company thinks it is worth.
Bank stocks stink, so time to buy banks?
A funny thing has been happening to financials: while earnings have been stellar, their stocks have stunk.
SEC probes customer protection violation by BofA
The SEC is investigating whether Bank of America violated customer-protection rules, the Wall Street Journal reported.
Ken Griffin: Corporate activism 'profoundly' good
Bill Ackman and Carl Icahn have a friend in Ken Griffin.
A 2% Fed inflation rate? Not so fast ...
As the Fed prepares to start raising rates, it faces questions about the wisdom of the 2-percent rule, the NYT reports.
Billionaire investors reveal their best ideas
Major private equity managers, including several billionaires, gave their best investment idea at the Milken conference.
Higher prices lead to higher profit at UPS
UPS delivered quarterly earnings that topped analysts' estimates on Tuesday, but revenue came in shy of expectations.
Monday, April 27, 2015
DBS earnings headed higher: CEO
DBS Group is poised to benefit from Singapore's rising domestic interest rates, CEO, Piyush Gupta, told CNBC after the bank reported its first-quarter net profit climbed 10 percent on year, beating expectations.
Paulson, Rubin, Geithner: USA is still No. 1
Three former U.S. Treasury Secretaries agree: The U.S. has plenty of problems, but it's still in a dominant position.
Trust robots with money, not 'emotional' humans
It might soon be time to hand your money to the robots.
What's wrong with healthcare and biotech?
Biotech, which has been a market leader all year, is weak, with both the market-cap weighted IBB and equal weighted XBI down roughly 4 percent each.
Big money: 'Awfully dangerous' to take risk now
Investing pros are warning others to be wary of taking on more investing risk, especially in debt securities.
Young job seekers left behind in 'recovery'
While the national job market continues to mend, one group has been slower than others to enjoy the benefits.
Bankruptcy attorney Harvey Miller dies at 82
The attorney Harvey Miller, who led the Lehman Brothers' bankruptcy, has died at 82.
Why I'm a long-term bull: Bouroudjian
How did that UK trader allegedly cause the "flash crash?" Ex-trader Raj Malhotra breaks it down.
Cramer: Starbucks outage means nothing
"If you're going to sell Starbucks on that, then bring it to me," CNBC's Jim Cramer said.
Will the Fed push stocks into breakout territory?
The big question ahead of the Federal Reserve meeting this week is how the central bank will characterize the economy.
Sunday, April 26, 2015
RBS sells further North American loan portfolio
Royal Bank of Scotland has sold a further portfolio of North American loans to Mizuho, as it continues to sell off unwanted international assets.
Deutsche Bank overhaul targets $3.8B savings
Deutsche Bank announced a major overhaul in an effort to deliver savings Monday, which would cost a one-off $4 billion to achieve.
DBS beats with 10% rise in first quarter net profit
DBS Group, on Monday posted a 10 percent jump in core first-quarter net profit, above analysts' estimates.
Friday, April 24, 2015
Expert: Why Amazon's cloud is tremendous
Amazon's cloud will eventually overtake its retail business, Weblogs CEO Jason Calacanis said.
Ex-Chesapeake CEO launching 'blank check' company
Despite a lawsuit accusing him of stealing trade secrets, Aubrey McClendon is raising cash for new oil and gas exploits.
Facebook to buy Meerkat? One 'insider' says yes
Facebook could make its way into the mobile live-streaming space very soon, Weblogs CEO Jason Calacanis says.
The trend that has sparked new correction fears
The U.S. market's rally comes as investors are putting far more in bonds and foreign equities than domestic stocks.
Wall Street jets west for 'Davos with palm trees'
The financial set--think Steve Schwarzman, Ken Griffin and Steve Cohen--will once again figure prominently at Milken.
Great day for tech, but dollar headwinds persist
Despite earnings, investors cannot help but notice the continuing impact of the strong dollar on tech revenues.
The private equity firm that grew too fast
The founder and CEO of Providence Equity Partners reflects on the past mistakes of its firm, The New York Times reports.
Hold Bank of America accountable: Analyst
Shareholders should throw out Bank of America's corporate governance board after it promoted CEO Brian Moynihan to chairman, analyst Mike Mayo says.
Nasdaq to settle Facebook IPO lawsuit for $26.5M
In a first for a U.S. stock exchange, Nasdaq OMX Group on Thursday agreed to pay $26.5 million to settle a lawsuit involving its bungling of Facebook's IPO.
HSBC launches review into moving HQ from UK
British bank HSBC said on Friday it was looking into whether it should move its headquarters from the U.K.
Thursday, April 23, 2015
Chinese bad debt spikes by more than a third
Chinese banks face a spike in bad loans amid slowing economic growth, PwC warns in a new report.
Why Wall Street is scoffing at 'flash crash' bust
Many pros scoffed at the notion that Navinder Sarao was the sole culprit of the spectacular plunge on May 6, 2010.
Wake up! Stocks are breaking out
It's true we have been seeing low volume and low volatility, but we are on the verge of breaking out of a trading range we have been in all year.
Cramer: Don’t sell Facebook's stock—here’s why
Investors should not sell Facebook’s stock based on its latest revenue miss, CNBC’s Jim Cramer says.
Is China heading for another interest rate cut?
Central bankers may be mulling another interest rate cut after PMI fell to its lowest level in a year.
Bill Gross fund inflows not exciting: Janus CEO
The bond fund managed by Bill Gross saw inflows of $100 million in the recent quarter, says Janus Capital CEO Dick Weil.
BofA questions judge's impartiality in fraud appeal
Bank of America asked a court to toss a penalty imposed in a mortgage fraud case, and asked that the judge who oversaw its trial be replaced.
China challenges US dominance in Asia
President of China announced plans for $46 billion of new infrastructure spending in Pakistan, reports The Fiscal Times.
Deutsche Bank hit with $2.5B fine due to rate rigging
Deutsche Bank will pay a $2.5 billion fine, and must fire certain employees who engaged in interest-rate rigging.
GM misses on the top & bottom line
General Motors delivered quarterly earnings and revenue that fell short of analysts' expectations on Thursday.
Deutsche could pay $2B over Libor-rigging: Source
Deutsche Bank is likely to pay more than $2 billion to U.S. and U.K. authorities over the manipulation of benchmark interest rates, a source said.
Why asset managers are worrying the Fed
Sections of the U.S. financial system that may be vulnerable to investor panic are raising concerns inside the Federal Reserve.
Wednesday, April 22, 2015
Visa, Mastercard may crack China's $7T(!) market
The move should allow Visa and MasterCard direct access.
Deutsche Bank to post profit despite legal hit
Deutsche Bank will post a profit in the first quarter despite litigation costs of 1.5 billion euros.
'Flash Crash' 101: How could one guy do that?
How did that UK trader allegedly cause the "flash crash?" Ex-trader Raj Malhotra breaks it down.
For millennials, banking is all about the apps
A majority of respondents to a survey said a better app than what their current bank offers would convince them to switch.
Dalio, Bernanke and Summers walk into a bar...
Hedge fund manager Ray Dalio would like to discuss "secular stagnation" over a beer with Ben Bernanke and Larry Summers.
Cramer: Big takeaway from McDonald's earnings
CNBC's Jim Cramer explains why he "was shocked" after the latest MCD earnings.
UK watchdog fines BAML $20 million for reporting failures
The UK's regulator has fined Bank of America Merrill Lynch a record $20 million for failing to report transactions properly.
Tuesday, April 21, 2015
Pisani: Cause of flash crash? CFTC, DOJ weigh in
New revelations revealed in the flash crash investigation.
Here's how strong dollar hurts corporate revenue
We are finally in the heart of earnings season, and two clear trends are emerging.
The VIX is getting crushed in a 'volatility trap'
The stock market may be having a roller-coaster year, but you won't find many screaming investors riding the tracks.
Bill Gross: THIS is 'the short of a lifetime'
The Janus Capital bond guru believes that German debt is representing a huge opportunity.
Q1 will be a 'kitchen sink' quarter: Analyst
Corporate profits will keep going on a downward trend, Stephen Wood of Russell Investments tells CNBC.
How the Fed could help risk-on traders: Strategist
Once the Fed begins to hike interest rates, any pause would be a buying opportunity, strategist Jason Trennert tells CNBC.
Sex stocks are soaring—here's why
Shares of RCI have surged more than 9 percent this year, outperforming the S&P 500, the Fiscal Times reports.
SAP see sales surge, aided by cheap euro
German business software maker SAP reported a 15 percent rise in operating profit helped by a cheap euro.
US pushes for banks' forex probe settlement in May
The U.S. Department of Justice is pushing for 5 banks to resolve charges they manipulated FX markets in a mega settlement in mid-May, the FT reported.
Monday, April 20, 2015
Brookfield announces $1B equity offering
Brookfield said it is raising $1.1 billion through a new equity issue that will help it fund some of the deals it is currently eyeing.
Corzine hedge fund? He's 'radioactive': Author
Former MF Global CEO Jon Corzine is reportedly thinking about launching a hedge fund. The experts disagree on whether he'll succeed.
Greenlight's David Einhorn: We're adding shorts
If company earnings are cooked, so is the market, according to Greenlight Capital.
If the trend's your friend, what's the trend?
Here are three explanations I have heard for the market action in the last two days.
Wall Street's mystery: Where's the growth?
The reason the economy is so susceptible to dollar strength may be that the recovery isn't what it's cracked up to be.
Wells Fargo in talks to buy GE lending biz: Source
GE is in early-stage talks with Wells Fargo about selling its entire $74 billion US commercial lending and leasing portfolio, according to a source.
There are now more hedge funds than ever
Despite muted performance in 2014, investors have more hedge funds than ever to choose from, according to new data.
What China reserve requirement cut means for stocks
Some estimate China's lower requirements for bank reserves could free up about $160 billion.
Former MF Global CEO Corzine considers hedge fund
Jon Corzine is considering starting his own hedge fund, the Wall Street Journal reported Sunday on its online edition.
Morgan Stanley profit up on higher trading revenue
Morgan Stanley reported a much stronger-than-expected rise in quarterly profit, boosted by higher revenue from trading bonds and equities.
Morgan Stanley, NY in $500M talks to settle probe
Morgan Stanley is in discussions to pay $500 million to settle an investigation by New York's attorney general, The Wall Street Journal reported.
Comcast, Time Warner Cable to meet DoJ over merger
Comcast and Time Warner Cable are preparing to meet federal officials to discuss their merger, the Wall Street Journal reported on Saturday.
Deutsche Bank prepares to spin off Postbank
Deutsche Bank is preparing to divest its Postbank retail operation.
Morgan Stanley, NY in $500M settlement talks: Report
Morgan Stanley is in talks to pay $500 million to settle a probe by New York's attorney general, the Wall Street Journal (WSJ) reported late Sunday.
Sunday, April 19, 2015
India's banks turn to consumer loans amid slowdown
Indian banks, hoping to offset a slow recovery in corporate lending, are pushing into credit cards and personal loans.
Friday, April 17, 2015
Wait, what? Why you should buy high and sell low
The market is about to undergo a "regime change" that will cause a reordering of which stocks will perform best, BofAML says.
Cashin says: Threefold reason for selloff
Three key factors played into Friday's massive selloff in the U.S. market, said Art Cashin.
Upstart investor raids three from big banks
Fast-growing Stone Ridge has poached execs from Credit Suisse, BNP Paribas and Morgan Stanley in recent weeks.
Grexit fears in Europe cause flight to safety
Investors piled into safe harbors as fears rose over a Greek exit on Friday, sending bond yields tumbling.
US companies are doing this to expand operations
Commercial borrowers are using two or three percentage points more of their credit lines than they were a year ago.
JPMorgan holds 5.35% stake in ASML: Watchdog
JPMorgan Securities has taken a 5.35 percent stake in Dutch semiconductor equipment maker ASML, the Dutch Authority for Financial Markets reported.
Fed may allow banks to use munis to meet rules
The Fed may allow big banks to use some muni bonds to meet new liquidity rules that ensure they have enough cash during a credit crunch.
Thursday, April 16, 2015
Sehr Gut! Investor's Germany, Japan bets pay off
Eric Mindich's Eton Park hedge fund was up big in the first quarter thanks to winning bets in Europe and Asia.
Banks tighten funding pipeline to energy companies
Bank lenders are curbing the amount of money they supply to energy companies amid an ongoing swoon in crude oil.
This is why the Fed might not raise rates in 2015
Amid a slowing economy and market, investors have tamped down expectations for rate hikes. They may have further to go.
World Bank money funds 'trail of misery': Report
The World Bank is failing to protect poor and vulnerable people affected by the projects, it funds says a new report.
Wall St placing bets on these presidential horses
Election kingmakers such as Marc Lasry and Bob Mercer are reaching for their wallets again.
Crisis-hit Sony studio sends for rewrite
Sony Pictures has adopted a more cost-conscious approach since being hacked, the FT reports.
Etsy shares more than double in trading debut
Etsy shares more than doubled in its first day of trading Thursday.
Fed's Fischer: Here comes the rebound
Bond prices fell as Fed Vice Chair Stanley Fischer told CNBC he saw a US economic rebound, reigniting fears of a looming rate hike.
Saudi Arabia to open stock market to foreigners
Saudi Arabia will open its $532bn stock market to direct foreign investment on June 15.
Etsy IPO prices at top of range, valued at $1.78B
Etsy's IPO has been priced at $16 per share, valuing the online retailer of handmade goods and craft supplies at about $1.78 billion.
Goldman profit gets boost from burst of trading
Goldman Sachs delivered quarterly earnings that topped analysts' expectations on Thursday.
Low interest rates creating 'havoc': Fink
The pain created by low interest rates is misunderstood and not talked about enough, BlackRock CEO Laurence Fink tells CNBC.
The hedge fund that nabbed Ben Bernanke
The move by the former Federal Reserve chairman is the latest by a Washington insider through the revolving door into the financial industry.
Wednesday, April 15, 2015
World sees sharp drop in unbanked population: Report
The world's "unbanked" population shrank by 20 percent to 2 billion adults between 2011 and 2014 as 700 million gained access to financial services.
A third of millennials have never had a credit card
Millennials are spurning credit cards for debit and mobile pay.
5 biggest banks now own almost half the industry
Too big to fail banks, instead of getting smaller, are pretty much taking over the financial universe.
Wake up! There's a slow meltup going on
Earnings season has begun, but instead of falling apart because of the negative earnings environment, the S&P has rallied 1.25 percent since Alcoa reported.
Hedge funder quits to seek 'more' in life
Some people complain about the so-called golden handcuffs of working in finance. Forrest Xiao broke free.
Cramer: What ECB decision means for US companies
CNBC's Jim Cramer explains why U.S. companies should be careful moving forward.
The one IRS list we all want to be on
The IRS' 400 Club: home to those who made more than $140 million.
The 2015 IPO business finally gets going
Initial public offering activity in the first quarter of 2015 was at half the levels for deals in the same period of last year.
Fed's Bullard: Jobless rate to near 4%
The U.S. is expected to see a boom that will send the unemployment rate into the 4 percent range, the Fed's James Bullard said.
Tuesday, April 14, 2015
Wary of disaster, NY Fed bulks up in Chicago: Rpt
The NY branch of the Fed, wary of a natural disaster shutting down its operations, has added staff and bulked up its office in Chicago.
Bye-bye USA: Investors putting money elsewhere
2015 has seen the light start dim on the U.S. bull market and shine more brightly in some unlikely corners of the world.
Cramer: JC Penney sales number is OK, but …
CNBC's Jim Cramer says J.C. Penney's expected same-store sales projection is good, but ...
Cap gains: Not just for the rich anymore
Data from the IRS shows that middle class Americans too are finding ways to benefit from capital gains.
Former Massachusetts governor to join Bain Capital
Former Democratic Massachusetts Governor Deval Patrick is joining the Boston-based private equity firm Bain Capital.
JC Penney executive inadvertently discloses sales
A high-level official at J.C. Penney inadvertently disclosed nonpublic information regarding the company's comparable store sales results for the fiscal first quarter of 2015 to a securities analyst via email.
Bigger is better for banks in Q1: Dick Bove
Regional banks will report only mediocre Q1 earnings, analyst Dick Bove tells CNBC.
Wells Fargo earnings beat expectations
Wells Fargo delivered quarterly earnings that topped analysts' expectations on Tuesday.
The surprising reason banks are seeing talent flee
Several high-ranking bankers have left their jobs at major investment banks in the last 13 months amid a surge in U.S. health care deal activity.
Larry Fink to CEOs: Stop being so nice to investors
At a time when investors are applauding high dividends and big buybacks, Fink is bucking the trend, the NYT reports.
Financial literacy in Singapore slumps
Singapore is falling behind in financial literacy, according to MasterCard's latest Financial Literacy Index for Asia Pacific.
Monday, April 13, 2015
China's influence on AIIB may be outsized
China could have outsized influence over a new Beijing-backed international development bank, sources say.
Chinese bank IT rules cause global concern
Global business associations have "strong concerns" about Chinese bank information technology rules.
Ackman: HLF execs are lawyering up
Bill Ackman said senior execs at Herbalife were hiring their own defense lawyers, a bad sign for the company.
Trian slams Dupont ahead of key vote
The battle between activist investor Trian and DuPont is heating up ahead of a proxy vote for new board members.
'Show us $15!' protesters tell hedge fund honchos
Protesters briefly took over an activist investing conference in New York to call for higher wages for restaurant workers.
Fitch affirms United States 'AAA' credit rating
Fitch affirmed long-term foreign and local currency issuer default ratings at "AAA," citing the country's financing flexibility.
Talking top bank trades before Monday's close
The "Halftime Report" traders give their trades for the second half.
Why activist investing is not a fad: Meister
Activism will change over time, but investors expressing ideas and helping to create value is not a fad, Keith Meister said.
Activist investor says this bank stock to surge
"This is one of the best risk return investments I've seen."
Tardy tax returns bring tidy refunds
Refunds from individual tax filings decline through the first half of the year but jump as filers finish settling up.
Instead of audit, maybe the Fed needs stress test
The Fed could come up short in the ammunition it would need to deal with another crisis.
Relax, earnings will be positive: Tom Lee
Tom Lee presents a bullish argument for the coming economic data and earnings season.
Mutual funds good for banks, but not so good for you
History has not shown Wall Street banks to be particularly good at managing mutual funds, reports the New York Times.
Alamos Gold, AuRico Gold merging in $1.5B deal
Canadian gold mining companies Alamos Gold and AuRico Gold are merging in a deal valued at approximately $1.5 billion.
Spotify nears deal to raise $400M; valued at $8.4B
Spotify is nearing a deal to raise $400 million, valuing the music streaming service provider at $8.4 billion, The Wall Street Journal reported.
Corporate deals hit 5-year high—Here's why
A striking 56 percent of companies surveyed say they intend to make acquisitions in the coming year, up from 40 percent in October.
Fed's Williams: Case for keeping rates low weakening
As the U.S. job market improves, the risk is receding that an unexpected setback could derail the recovery once the Fed raises interest rates.
Sunday, April 12, 2015
Is the Fed brewing the next crisis?
Fears of low corporate earnings when liquidity-driven equity market valuations are the highest in a decade are raising doubts about the Fed.
Saturday, April 11, 2015
Druckenmiller: This could end 'very badly'
Stan Druckenmiller has a new, grim warning that easy money policies could lead to big problems.
Why the 'diva of distress' may have a case vs. SEC
Lynn Tilton is staging a 'David vs. Goliath' battle against the SEC. Here's why some say she may have a case.
Friday, April 10, 2015
Wall Street 'Mad Men': Who would be Don Draper?
If you were casting the Wall Street edition of "Mad Men," who would play Don Draper? Peggy Olson?
Kocherlakota: Rate hike pushes economy 'wrong way'
Raising interest rates would push the U.S. economy the "wrong way," the Minneapolis Federal Reserve President said.
World peace and hedge funds? UN taking a look
The United Nations' $52 billion pension fund is getting close to investing in hedge funds for the first time.
Analysts: Sale of most of GE Capital positive if...
GE getting out of financial services is positive if it pushes the company into new strategic opportunities, analysts said.
GE unveils massive financial unit restructuring
GE's plans include an immediate real estate sale worth $26 billion and a $50 billion share buyback program.
Thursday, April 9, 2015
The fight against financial abuse
About 98 percent of domestic violence cases include financial abuse, Allstate's John Rugel told CNBC.
Hedge funds get slammed playing beat-up oil sector
Kamunting Street is closing in part because of energy-related losses, showing the potential pitfalls of the sector.
Deutsche Bank nears Libor manipulation settlement
Deutsche Bank, Germany's largest financial institution, is in talks to resolve an interest rate manipulation case. NYT reports.
El-Erian: Rate hike likely in September
The U.S. Federal Reserve will likely hike interest rates in September, Allianz's Mohamed El-Erian said.
Hedge fund machines cash in—again
Hedge funds that catch macroeconomic trends using algorithms made a killing in the first quarter, besting other styles.
France sets $1.1B bail in HSBC Swiss tax probe
Magistrates have ordered HSBC to post a 1 billion euro bail to cover a potential fine after the bank was put under investigation.
Sprint to more than double company-owned stores
Re-branded stores of the once-mighty retailer RadioShack will open on Friday, Sprint said.
Retailers report disappointing March sales
Not many retailers still report monthly same store sales, but among the few that do, the results for March are a bit disappointing.
Why the stock market is way overvalued
Bob Pisani on a note from Nomura this morning saying the market is currently pricing in 9.6 percent earnings growth in the S&P 500.
Intel, Altera deal didn’t make sense: Cramer
CNBC's Jim Cramer explains why he believes a deal between Altera and Intel would have made no sense.
Online lenders: Offer faster cash for small business
Online lenders like Fundbox are offering small businesses quick access to cash, rivaling traditional banks.
Summers to Fed: Preemptive inflation war is dangerous
The Fed should be more concerned about acting too early than too late, says ex-Treasury Secretary Larry Summers.
Wednesday, April 8, 2015
Why rise of activist investors is bad for bonds
After two record-setting years in a row, activists are back at it again only in even bigger numbers this year.
Alibaba launches China's first e-commerce index
Alibaba's finance arm launched an index that tracks e-commerce activities, marrying China e-commerce giant with its financial services aspirations.
Energy junk bonds find eager buyers
The dangers stalking the oil industry are reflected in the price of US energy junk bonds. Financial Times reports.
Dimon defends JPMorgan's size, breadth
JPMorgan CEO Jamie Dimon defended the financial firm's size on Wednesday, saying "larger does not necessarily mean more risky."
Fed members torn over rate-hike timing: Minutes
Fed members found themselves at a crossroads, torn between hiking rates in June, September—or waiting until 2016.
Why I'm bullish on 2015 earnings: Expert
UBS Wealth Management's Mike Ryan said he is bullish on full-year 2015 earnings, and here's why.
Shake-ups may be coming to Yahoo, Tumblr: Report
Tumblr's autonomy could be cut as Yahoo may experience personnel changes within its top brass, according to a report.
Bernanke pens book on Fed's 'moral courage'
Memoir by Federal Reserve Chairman Ben Bernanke titled "The Courage to Act." It is slated for October release.
Cramer: The big winner in Shell-BG deal
CNBC's Jim Cramer explains why he believes BG Group will come out on top in its deal with Shell.
Dudley: Rate hike may be delayed; market is key
Months of above-trend payroll growth were outpacing a slower economy, making March's weak number less alarming, Dudley said.
Alcoa starts earnings season...or does it?
While Alcoa is not the big name it used to be, it still represents the beginning to earnings season, at least among old-timers.
Giving up your privacy for a break on insurance
By doing this, consumers can save considerable amounts on life insurance, the NYT reports.
Fed's Powell: Need even 'more proof' on jobs path
The Fed should look for "a little more proof than usual" that labor markets are tightening, said Fed Gov. Jerome Powell.
Tuesday, April 7, 2015
These two investors called Duke's big win
Hedge and private equity fund managers predicted the Final Four this year. See who got it right.
The China gambit that has US leaders on edge
The Asia Infrastructure Investment Bank is positioning itself as an Asia-centric alternative to the World Bank and IMF.
Investor: Next emerging markets gem is Iran
Investors should consider investing in Iran once (and if) the sanctions against the country are lifted, one expert says.
CEO: Pollo Loco's key for success is ...
El Pollo Loco CEO Steve Sather says this has been the key to the company's recent success.
Informatica to go private in $5.3 billion deal
Informatica said it would be bought for about $5.3 billion by two private equity firms.
Is the Fed going to be 'one and done?': Insana
Is the Fed going to take a page out of the NBA rule book and be "one and done" when it comes to interest rates?
Here's how Ray Dalio crushed the first quarter
The largest hedge fund firm in the world has made a killing by betting against the euro and other currencies.
Fred Smith: Planets aligned for FedEx-TNT deal
A strong dollar, ongoing stimulus in Europe and low oil prices made a deal between FedEx and TNT Express possible, Fred Smith tells CNBC.
These stocks may be primed for a bounce
Earnings season does not look good, but are some stocks washed out and ready to bounce?
Cramer: What FedEx-TNT deal means for Europe
CNBC's Jim Cramer said FedEx's latest deal means this for Europe.
Einhorn's Athenahealth short hits stock price
Hedge fund manager David Einhorn reiterated his belief in two existing positions at an investment conference Tuesday.
Why Fed trade reminds me of 2007, 2008: El-Erian
What the Fed is likely to do with interest rates is not what it should do, former Pimco co-CEO Mohamed El-Erian warns.
Dire costs of easy Fed now and later: Jim Grant
Market watcher Jim Grant disputes the argument that there's no harm in the Fed keeping interest rates near zero percent.
Venture-backed IPOs hit lowest in 2 years
U.S. initial public offerings by venture-backed companies fell to a two-year low in the first quarter of 2015.
Monday, April 6, 2015
Blackrock to close some money-market funds: Report
Blackrock plans to close or consolidate some money market funds, reported Dow Jones on Monday.
Expert: Why investors should buy gold now
Ambrosino Brothers' Todd Colvin said investors looking for safety amid a volatile market should buy gold.
Oil spike may take 'a little longer': Andy Hall
The Astenbeck Capital chief executive said that his optimistic stance on oil of a month ago may have been premature.
These young financiers trying to change the world
The World Economic Forum has named its "Young Global Leaders" and expect them to be forces for good.
A short-covering rally, but earnings a big worry
Stocks move up on "bad" jobs report news, than keep moving up on "good" ISM services news. Bottom line...don't give too much weight to pre-market trading!
Disney’s next venture: Fantasy sports
Walt Disney is making a $250-million bet on DraftKings, a Boston-based fantasy sports start-up, the WSJ reported.
Party City expects to raise up to $372M in IPO
The largest U.S. party goods retailer said it expects to raise up to $372 million in an initial public offering of its shares.
Unclear if bad job data point to dip: Dudley
Whether or not March's jobs report points to slowdown is still unclear, New York Fed's William Dudley said Monday.
A RadioShack comeback? It's possible—here's how
Despite much skepticism, hedge fund Standard General believes RadioShack can make a comeback, the NYT reports.
Friday, April 3, 2015
Ouch! Job creation big letdown in March
The sputtering U.S. economy created just 126,000 jobs in March as bad weather took a toll, though the unemployment rate held at 5.5%.
Thursday, April 2, 2015
'Gutted like a carp': Whistleblower sues PE firm
Whistleblower accused TPG of ignoring his warnings that the firm may have violated securities regulations.
Why one of the world's largest democracies is hot
Investors pushed up Nigerian securities following a historic election this week, but will the optimism last?
'Corrupted' bond market giving investors headache
Things were supposed to be a whole lot different this year when it came to the bond market.
Israel's stock market is walloping its neighbors
The most recent leg up for Israeli markets came after Netanyahu's election victory.
Let's not make a deal? Private equity cools
PE funds are changing the way they invest as valuations rise to keep the cash flowing.
Cramer: These numbers don’t make sense
CNBC's Jim Cramer explains why the U.S. economic data simply do not make sense.
Stanford just made tuition free for these students
Stanford University just became more accessible to these prospective students.
Fed's Yellen: Research needed to grasp inequality
More research is needed to understand what policies allow people to move up the economic ladder, the Federal Reserve Chair said.
JPMorgan Chase on track to pay $9B to homeowners
JPMorgan is on track to meet its mandate to provide billions of dollars in consumer relief to struggling homeowners as part of a settlement.
Wednesday, April 1, 2015
Morgan StanleyCEO lands $22.5 million pay package
Morgan Stanley chief executive James Gorman has received a 25 per cent pay rise after the US investment bank handed him $22.5 million for last year. The FT reports.
China's new bank scheme could spur competition
China's newly announced deposit insurance scheme could spur competition among the country's smallest lenders.
Finding winners in the best, worst of 2015 market
Investors overweight in health care may want to consider changing horses.
GoDaddy CEO: Yes, the IPO was great, but ...
GoDaddy's CEO Blake Irving said the company still has a long way to go despite a successful open at the NYSE.
Gross rips 'hostile, artificially priced' market
The landscape ahead will be different now that stimulus from the Fed and elsewhere is losing its impact, Gross said.
Tilton, Patriarch tell SEC: 'No, we're suing you'
Patriarch Partners and Lynn Tilton filed a counter-suit against the SEC, claiming it violated their right to the constitution.
Cramer: Stay away from GoDaddy, Etsy
CNBC's Jim Cramer says investors should stay away from GoDaddy and Etsy IPOs. Here's why.
Lockhart: Fed rate hike likely despite growth cut
Atlanta Fed president Dennis Lockhart said that the U.S. remains on track for a rate hike in the June to September period.
Sears to form REIT for some Sears, Kmart stores
Sears said it would form a REIT which will buy about 254 stores in a transaction valued at more than $2.5 billion.
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