A deal on extending Greece's bailout deal must be found by the end of February or the ECB will not be able to continue lending to its banks.
About Mark Cohen's Blog:
Mr. Cohen has a great reputation when it comes to building and training elite sales teams, as well as, speaking at many local and national financial events.
This blog will serve as a place for Mr. Cohen to share financial news and information going on in world.
Saturday, January 31, 2015
Friday, January 30, 2015
'Anonymized' credit card data not so anonymous
Credit card data isn't anonymous, a new MIT study says. Customers can be identified with about 90 percent accuracy by just four purchases.
Fed's Williams: 3% growth, full employment in 2015
Despite predicting strong growth and employment, the central banker said the Fed would not hit its inflation target until 2016.
Revealed: Secret short bets of 6 top hedge funds
Six hedge fund managers gave their best investment ideas at an exclusive—and private—Morgan Stanley conference. Here are their picks.
Honda cuts profit guidance as recall costs bite
Honda cut its annual profit forecast as it set aside more cash to cover an expanded recall of cars to replace potentially faulty air bags.
Marlboro maker Altria's profit more than doubles
Marlboro maker Altria's profit more than doubled in the fourth quarter on higher cigarette prices and lower costs for paying down debt.
Weyerhaeuser misses Street 4Q forecasts
Weyerhaeuser on Friday reported fourth-quarter profit of $177 million.
Simon Property results match estimates
Simon Property on Friday reported a key measure of profitability in its fourth quarter. The results matched Wall Street expectations.
Investing pro back to hedge funds after juice break
Michael Karsch is hoping to apply the lessons of juice to his old business of hedge funds.
Is the tech start-up market in a bubble?
The technology start-up market is “overheated”, a top venture capitalist told CNBC, although he stopped short of saying it was in a bubble.
Tyson beats 1Q profit forecasts
Tyson Foods on Friday reported fiscal first-quarter net income of $309 million.
Xerox's profit beats Street on lower costs
Xerox reported a slightly better-than-expected quarterly profit as expenses declined 4 percent.
Is Amazon finally warming up to Wall Street?
After years of giving investors the cold shoulder, Amazon.com is starting to warm up to Wall Street.
Thursday, January 29, 2015
Visa offers 4-for-1 stock split, earnings trump
Visa reported earnings on Thursday that beat on both the top and bottom line.
As oil prices crater, hedge funds dive in
Hedge funds in both the U.S. and abroad are grabbing at investment opportunities in a distressed energy sector.
Air Products and Chemicals posts 1Q profit
Air Products and Chemicals on Thursday reported fiscal first-quarter earnings of $324.6 million.
Thermo Fisher results beat estimates on Life Tech buy
Thermo Fisher Scientific reported better-than-expected quarterly profit and sales, boosted by the contribution from the Life Technologies acquisition.
Potash's profit beats as sales rise, costs fall
Potash Corp. of Saskatchewan reported a better-than-expected quarterly profit, helped by strong potash sales and lower costs.
Here's what traders heard the Fed say: Brian Kelly
Does the Fed even know the signals it just sent the market? Here's what traders heard the Fed say, says "Fast Money" trader Brian Kelly.
Las Vegas Sands beats, still keen on Macau
The casino empire's executives assured analysts Wednesday that tales of Macau's demise are unfounded.
JetBlue Airways profit beats on cheaper fuel
JetBlue Airways reported a better-than-expected quarterly profit as it benefitted from lower fuel prices and flew more passengers.
Northrop Grumman beats Street 4Q forecasts
Northrop Grumman on Thursday reported fourth-quarter earnings of $506 million.
Harley-Davidson earnings fall but edge forecasts
Harley-Davidson's earnings slipped as a stronger U.S. dollar hurt the motorcycle maker's bottom line, which still topped analyst expectations.
ConocoPhillips reports 4Q loss
ConocoPhillips on Thursday reported a fourth-quarter loss of $39 million, after reporting a profit in the same period a year earlier.
Coach 2Q adjusted profit beats analysts' estimates
The handbag, accessories and footwear company earned $183.5 million, or 66 cents per share, for the period ended Dec. 27.
US prepared to drop IBM insider trading charges
On Wednesday, Manhattan U.S. Attorney asked U.S. District Judge to dismiss an IBM insider trading indictment.
Blackstone 4th-quarter earnings drop 6 percent
Blackstone reported a 6 percent decline in fourth-quarter profit on Thursday as its real estate funds appreciated less than they did a year ago.
The next shot in currency war will be fired by...
The currency war is getting out of control. Here's a snapshot of the week so far in central banking.
Time Warner Cable profit misses, adds subscribers
Time Warner Cable's fourth-quarter profit climbed as it added a record number of subscribers, but its adjusted results missed analysts' estimates.
Schools ride high stock, VC returns to 15% gain
Investments by academic institutions did well in 2014, boosting long-term performance records hit during the financial crisis.
Wednesday, January 28, 2015
Democratizing finance: Big banks eye P2P lending
Two of the world's leading investment banks are looking at a move into the fast expanding peer-to-peer lending sector. The Financial Times reports.
Trading the post-Fed spike in volatility
The Fed said it's on its way to normalized monetary policy, which triggered a spike in volatility. Here are three tips for adjusting allocations.
How this former star trader will bet on Super Bowl
Raj Malhotra was a former star trader on Wall Street. So how's he betting on this year's Super Bowl between the Seahawks and the Patriots?
Fed will remain 'patient,' upgrades economy
Most Federal Reserve watchers did not expect any significant announcements or language changes to this month's statement.
Here's what changed in 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 Dec. 17.
Nintendo says slack console sales to hit profit
Nintendo issued a profit warning, even as it sells fewer consoles, the sharp weakening of the yen means overseas sales will inflate its net income.
Weaker yen helps lift Canon profit despite poor sales
Canon reported a slight rise in profit thanks to a weak yen, even as its camera business struggled to attract photographers.
International Paper misses 4Q profit forecasts
International Paper on Wednesday reported fourth-quarter earnings of $134 million.
Hess reports 4Q loss
Hess Corp. on Wednesday reported a fourth-quarter loss of $8 million, after reporting a profit in the same period a year earlier.
General Dynamics profit jumps 42%, jet orders rise
General Dynamics reported a 42 percent jump in profit and said quarterly aircraft orders were at their highest in more than three years.
Weaker yen lifts Canon profit despite poor sales
Japan's Canon reported a slight rise in profit thanks to a weaker yen, even as its camera business struggled to attract photographers.
AmerisourceBergen reports 1Q loss
AmerisourceBergen on Wednesday reported a fiscal first-quarter loss of $199.9 million, after reporting a profit in the same period a year earlier.
American Electric Power misses 4Q Street forecasts
American Electric Power on Wednesday reported fourth-quarter profit of $191 million, falling short of estimates.
Cramer: Don’t trade Apple—own it
CNBC's Jim Cramer explains why investors should own Apple's stock rather than trade it away.
CommScope snags TE Connectivity's network gear unit
CommScope said it would buy nearly all of Swiss electronics firm TE Connectivity's network gear business for about $3 billion.
Citi to change screening process that hurts unbanked
Citibank has reached an agreement with New York Attorney General to change its screening processes for checking and savings accounts.
Fed seen remaining patient with rates amid turmoil
The Fed is expected to show confidence that low inflation and rising risks from abroad have yet to derail the U.S. economic recovery.
Tuesday, January 27, 2015
Here are the best hedge funds for 2015: Experts
Hedge fund investors like Goldman Sachs, SkyBridge and GAM predict the best hedge fund strategies for the new year.
United Tech cuts 2015 forecasts on currency worries
United Technologies cut its full-year outlook because of the negative impact of a stronger dollar as the U.S. conglomerate reported higher earnings.
Why Nelson Peltz cut his Family Dollar stake by 66%
Nelson Peltz's hedge fund cut its Family Dollar Stores stake by 66 percent, according to an SEC filing.
Bristol-Myers quarterly profit beats forecasts
Bristol-Myers Squibb reported higher-than-expected earnings, helped by strong sales of its hepatitis C drugs and its Eliquis blood clot preventer.
DuPont profit rises, but strong dollar hits sales
DuPont says portfolio changes and productivity improvements contributed to an increase in fourth-quarter earnings.
Monday, January 26, 2015
Guggenheim's Minerd: ECB QE will work if rates fall
Scott Minerd of Guggenheim thinks quantitative easing in Europe could work, but not for the reason you might think.
WW Grainger misses 4Q profit forecasts
W.W. Grainger on Monday reported fourth-quarter net income of $148.8 million.
Roper Industries tops 4Q profit forecasts
Roper Industries on Monday reported fourth-quarter net income of $185.9 million.
Lower coal revs hit Norfolk Southern profit
Norfolk Southern expects a solid U.S. economy to boost its business in 2015 but said it was too early to gauge the impact of lower energy prices.
Citizens Financial Group posts 4Q profit
Citizens Financial Group on Monday reported fourth-quarter net income of $197 million.
Cramer: Europe going ‘non-German way’
Greece's elections could signal a shift in the Old Continent's economic policies, CNBC's Jim Cramer said Monday.
Are human investment managers becoming obsolete?
Human investment managers are at risk of being rendered obsolete by advances in trading technology, according to Financial Times.
Hot topics at the annual Inside ETFs conference
What are the hot exchange trade fund investments for 2015? Here's what's got investment advisers talking at the annual Inside ETFs conference in Florida.
Friday, January 23, 2015
Starbucks to keep growing in 2015: Schultz
Starbucks will keep its growth momentum in 2015 on the heels of last quarter's earnings, according to Howard Schultz.
Rockwell Collins misses 1Q profit forecasts
Rockwell Collins on Friday reported fiscal first-quarter net income of $167 million.
Kansas City Southern beats 4Q profit forecasts
Kansas City Southern on Friday reported fourth-quarter earnings of $141 million.
Bank of New York Mellon posts 4Q profit
Bank Of New York Mellon on Friday reported fourth-quarter net income of $831 million.
State Street tops 4Q profit forecasts
State Street on Friday reported fourth-quarter net income of $544 million.
Cramer: UPS latest 4Q guidance ‘disturbing’
UPS' latest fourth-quarter guidance brings the company's leadership into question, according to CNBC's Jim Cramer.
The sweet spot of the earnings cycle is near
Stocks have been off to a rocky start, but that is now starting to change as we enter the heart of earnings season.
Honeywell profit marginally beats expectations
Honeywell reported better-than-expected profit, on higher sales at its division that makes sensors, safety systems and air conditioning equipment.
US banks resign themselves to lower yields
U.S. banks are now resigning themselves to at least another few quarters of low rates, executives and analysts said.
Thursday, January 22, 2015
Global central banks manning the battle stations
Central banks are in combat mode. On the front lines: Europe, Denmark, Canada, Switzerland, Peru and India.
This is the price point to beware for falling oil
Some investors believe that declining oil prices are a good thing—for now—with $30 a barrel as the break point.
KeyCorp tops Street 4Q forecasts
KeyCorp on Thursday reported fourth-quarter net income of $248 million.
Cloud-based storage firm Box set to price
Cloud-based storage company Box (BOX) set to price tonight.
Janus profit up after Gross helps bring inflows
Denver asset manager Janus Capital Group said fourth-quarter profit rose 22 percent after hiring of star bond fund manager Bill Gross.
Union Pacific tops Street 4Q forecasts
Union Pacific on Thursday reported fourth-quarter profit of $1.41 billion.
Travelers beats Street 4Q forecasts
The Travelers Cos. on Thursday reported fourth-quarter earnings of $1.04 billion.
Dalio, Cohn, Summers: The US is fine...for now
Economic thinkers in Davos believe the U.S. economy is strong, but worry about its ability to deal with the next crisis.
ECB shoots the big bazooka: 1 trillion euros
If the goal is to weaken the euro to make it more competitive, the EECB's bond-buying program is a success at the outset.
Germany: Our job is to strengthen Europe
Sigmar Gabriel, Germany's Minister of Economic Affairs, said at Davos that Germany will support regional economic stimulus.
Wednesday, January 21, 2015
NY aims to expand Barclays 'dark pool' lawsuit
New York state Attorney General Eric Schneiderman said he wants to expand his lawsuit accusing Barclays of fraud.
Mario Draghi may need to get a bigger (QE) boat
If Mario Draghi wants to have a significant market impact after Thursday's ECB meeting, he better not think small.
JPMorgan must live with $1.5B paperwork error
JPMorgan Chase must live with a clerical mix-up that could cost $1.5 billion, a court ruled on Wednesday.
Manager 'truly sorry' for blowing up hedge fund
A hedge fund manager told clients he is "truly sorry" for losing virtually all their money.
Hot topic for 1-percenters at Davos: Inequality
Rising economic inequality is casting a shadow over the World Economic Forum, a conference dominated by the 1 percent.
Northern Trust beats Street 4Q forecasts
Northern Trust on Wednesday reported fourth-quarter profit of $244 million.
Kiss that 'shrinking' budget deficit goodbye
There's more to the story, and it's likely to become a significant headache for his successor.
Fifth Third tops Street 4Q forecasts
Fifth Third Bancorp on Wednesday reported fourth-quarter net income of $385 million.
Don't invest in banks if you want certainty: Dimon
Investors who want certainty about legal costs for financial firms shouldn't buy bank stocks, JPM's Jamie Dimon tells CNBC.
US Bancorp tops Street 4Q forecasts
U.S. Bancorp on Wednesday reported fourth-quarter earnings of $1.49 billion.
At Davos, it's not all about the money...seriously
Davos is teeming with elite investors this week--and it's not just to talk their own book.
Markets await ECB decision, expect big bazooka
Traders won't be content with $500 billion in ECB bond-buying. Some want $1 trillion.
TD Ameritrade misses Street 1Q forecasts
TD Ameritrade on Wednesday reported fiscal first-quarter profit of $211 million.
UnitedHealth profit beats on higher premium revenue
UnitedHealth, the largest U.S. health insurer, reported a better-than-expected fourth-quarter profit as premium income rose.
Singer: 'Cushion to withstand risks is very low'
Paul Singer thinks the recent dramatic move in the Swiss franc shows just how exposed most investors are to market risk.
Tuesday, January 20, 2015
Today's late day rally doesn't make me feel better
There are several macro issues that are weighing on the markets, Bob Pisani says.
'Disappointed' investors still love hedge funds
Even as the typical hedge fund drastically underperformed, the business saw its biggest spike in inflows since 2007.
For CEOs, at least, US looking better than China
Survey results indicate that the U.S. is first choice for 38 percent, compared to 34 percent for China.
BofA made money off Swiss franc jolt: CEO
BofA's CEO tells CNBC the bank made money off the Swiss currency shocker even though it "caught everybody by surprise."
Google close to SpaceX investment: Report
Google and Elon Musk's SpaceX are close to reaching an agreement that would make it an investor in Musk's company.
Davos '15: Gates, Soros, Pharrell to tackle crises
Back on this week, the World Economic Forum in Davos is as big as ever with lofty ambitions to match.
Regions Financial misses Street 4Q forecasts
Regions Financial on Tuesday reported fourth-quarter profit dropped by almost 4 percent to $211 million.
Regional banks following big banks' trail
Banks at all levels continue to disappoint during this earnings season
More market trading oversight needed: Fed's Powell
More regulation may be needed for a key part of the banking industry's profit engine, Fed's Powell said.
Monday, January 19, 2015
SocGen picks Bini Smaghi for new chairman post
French bank Societe Generale decides to split the top job and appoint Italian economist as the group's chairman.
Sunday, January 18, 2015
The Fed can turn the leaf - gently
Over the last twelve months, the dollar's exchange rate rose 13.3 percent – marking 14.4 percent and 13 percent increases against the euro and the yen.
Saturday, January 17, 2015
Sorry bankers, no swimming pool this year
London and Wall Street bankers look set to get slightly lower bonuses for 2014, based on pay details released this week by big U.S. banks.
Friday, January 16, 2015
Swiss shock a boon for this company
Companies went bust and teetered on the brink of insolvency by the franc shock, Gain Capital was shocked that it took so long.
Fed, market 'disconnected': Bullard
James Bullard said Friday there are several reasons why the Fed and the market are "disconnected."
The week in ugly: US economy off to a slow start
A year in which the U.S. economy was supposed to turn the corner and lead the world has started out in bumpy fashion.
Rough start for IPOs after offering hiatus
The volatile start to the year is spilling into the IPO market, which is beginning to price new products after a one-month hiatus.
Thursday, January 15, 2015
BOJ may expand, extend bank loan schemes: sources
BOJ may expand two loan schemes to encourage commercial banks to lend more and extend beyond their current expiry date, says sources.
Banks searching for answers on awful earnings
Banks haven't been able to get their message straight on what exactly is causing the weak profit reports.
Oil is not well for this energy-dependent country
The rout in crude oil prices is also punishing one of the world's wealthiest nations: Norway.
RayJay's Saut: 'It is too late to panic'
Now is not the time to panic. The time for that, in fact, was about a month ago, strategist Jeffrey Saut says.
Surprise franc move plays havoc with Swiss stocks
The Swiss stock market is down about 10 percent after the Swiss National Bank scrapped its cap on the franc against the euro.
Lennar profit beats on strong home sales
Lennar reported a better-than-expected 50 percent jump in quarterly profit as it sold more homes at higher prices.
BlackRock's earnings beat Wall Street estimates
BlackRock, the world's largest money manager, reported a higher-than-expected fourth-quarter profit as assets under management increased.
BofA dodges activist group on chairman role
An activist investor group said it is withdrawing a shareholder resolution that called for Bank of America to have an independent board chair.
Wednesday, January 14, 2015
Deutsche Bank considers retail bank spin-off
Deutsche may spin off retail bank in push to lower debt levels and prevent use of consumers' deposits to fund its investment bank.
Big moves midday in energy
Strong close in the energy commodity complex. Oil, natural gas and gasoline all moved higher.
Dimon: JPMorgan would be better if kept together
"The views and the facts are completely different, OK?" Dimon said, after being asked about a breakup.
Market madness started with end of Fed's QE
The Black Swan-like collapse in oil has provided a test of whether equity markets can survive nearly free of the Fed.
Hamm pledges $2.4B in stock to back personal loan
The collateral amount represents about one-fourth of the Continental Resources shares Harold Hamm owns.
Rules for entertaining Wall Street clients
Wall Street business dinners are tricky: Where do you go? When do you talk business? Sit in on Turney Duff's master class in the art of entertaining clients.
New signs of possible forex malfeasance: Report
An probe into attempted foreign-exchange manipulation has found evidence of more potential malfeasance, according to Dow Jones.
CSX profit up, expects double-digit growth in 2015
CSX reported a higher profit and said it expected a strong increase in its freight business and double-digit earnings growth during 2015.
Were December retail sales really that bad?
A 6.5-percent monthly decline in gas station sales receipts for much of the drop in December retail sales.
Wells Fargo earnings in line with expectations
Wells Fargo, the biggest U.S. mortgage lender, reported a slight increase in quarterly profit as net interest income rose.
Bove: Why banks are now like tobacco companies
Continuing legal expenses have put big banks in the same league as tobacco and asbestos companies, Dick Bove tells CNBC.
Tuesday, January 13, 2015
Craft-retail site Etsy may seek Q1 IPO: Report
Etsy is mulling a plan to take the company public, Bloomberg reported, citing sources with knowledge of the matter.
Malaysian bank merger plan close to collapse
The merger of three Malaysian banks is about to collapse, a blow to efforts to create banking champions amidst strong economic growth.
How and why the market reversed so sharply
The market seems to be starting to price in more risk and a potential earnings slowdown.
Look what's spoiling Fed's plans on rates—the data
Key inflation and wage data are defying policymakers' predictions. So why exactly would the Fed hike rates?
Why the outlook for big banks is pretty dismal
As big U.S. banks approach earnings, they're taking a page from a familiar playbook: Under-promise and over-deliver.
IHS posts better-than-expected profit on low costs
IHS, the publisher of Jane's Defence Weekly, reported a better-than-expected quarterly profit, helped by lower operating expenses.
KB Home misses 4Q profit forecasts
KB Home on Tuesday reported fiscal fourth-quarter profit had a dramatic rise to $852.8 million.
Short sellers ganging up on oil companies
Traders smelling blood—or maybe oil—in the water have piled into shorts against energy-related companies.
US court clarifies rules for rescinding mortgages
The US ruled in favor of homeowners seeking to back out of mortgages when lenders are accused of failing to follow a 'truth in lending' law.
Why the extremes in the commodities complex?
10-year bond yields are at 18-month lows, gold touched a 12-week high, and oil plumbed a nearly 6-year low.
Citigroup quietly cuts back on consumer banking
Citigroup went from targeting 120 cities around the world to eyeing 100 cities with the greatest scale and potential.
So bad it’s good: Why it may be time to buy the euro
Things are about to get very risky for the euro. But that doesn't necessarily mean it's a sell.
O'Shaughnessy buying global value to beat market
Jim O'Shaughnessy believes time-tested fundamentals give some international stocks an edge.
Bigger bank dividends? Don't hold your breath
Investors hoped big U.S. banks would boost dividends. Why it's become harder for banks to pay more.
Sass bets on airline, hedge fund stock
Martin D. Sass' stock picks are trades in three popular sectors: airlines, pharmaceuticals and asset management.
Monday, January 12, 2015
CIMB shares up 9% on reports of nulled merger
CIMB's shares were up 8.9 percent on Tuesday after local media reported that merger plans were cancelled.
Citadel beats markets with big year
In a year where many hedge funds posted unimpressive returns, Citadel generated more than 23 percent returns in its equity hedge fund.
Dimon says he struggled with disclosing cancer
Jamie Dimon, the chief executive of JPMorgan Chase, said on Monday that he struggled with having to publicly disclose that he had throat cancer.
RadioShack shares jump on financing rumors
Salus Capital offered Radioshack $500 million in turnaround financing, Dow Jones reported Monday, citing sources close to the matter.
Why oil is such a problem for corporate earnings
Oil and natural gas are sliding to multi-year lows, impacting corporate earnings.
Plan to take Prestige Cruises public runs aground
Prestige Cruises International filed with US regulators to withdraw its plan for an initial public offering.
As oil tumbles, profit hopes are following
If profits are what really drive share prices, the next several quarters are heading into a tepid time.
Fed's Lockhart sees rate hike in mid-2015
Federal Reserve Bank of Atlanta President Dennis Lockhart said he now expects lower inflation in the first half of the year.
Facebook discussed investing in Xiaomi: Report
Facebook and Xiaomi leadership discussed a potential investment in China's top smartphone maker, but a deal was never finalized.
Private equity kings ready for another big year
CNBC.com asked private equity experts for key themes to watch in the new year.
Lululemon raises revenue, profit forecast
Lululemon Athletica raised its revenue and profit forecast for the fourth quarter, citing strong holiday season sales.
Tiffany may be an anomaly in retail
Tiffany reported flat holiday sales for 2014, bucking the trend of decent revenue numbers from other retailers.
Private equity, hedge fund stocks to outperform?
Major investment banks and money center banks are not the best way to play Wall Street's success, JMP Securities said.
The Fed wasn't very impressed with jobs numbers
While 2014 featured the biggest growth in 15 years, Friday's jobs report left at least one key constituency unimpressed.
Parr: What big bank breakups could look like
The banking industry could look different soon due to the high cost of being a big bank, Lazard's Gary Parr tells CNBC.
Nasdaq eyes running 'dark pools' for banks: Report
Nasdaq has approached several big banks with a proposal to take over the operation of their so-called "dark pools."
Why big banks may be vulnerable to oil price drop
Banks that have exuberantly extended credit to oil companies may feel the pinch of tanking oil.
Sunday, January 11, 2015
RBS in talks over scaling back Asia operations
Royal Bank of Scotland is discussing a potential retreat from Asia.
Friday, January 9, 2015
Fed's Lacker: US growth picture looking brighter
The likelihood of a sustained pickup in US economic growth has increased, a top Federal Reserve official said.
Synergy Resources 1Q earnings more than triple
Synergy Resources reported fiscal first-quarter earnings more than tripled to $21.2 million.
Acuity Brands beats Street 1Q forecasts
Acuity Brands on Friday reported fiscal first-quarter net income climbed by 16 percent to $51.1 million.
Former hedgie Steyer eyes Senate run in California
Former hedge fund manager Tom Steyer is considering a run for Senate in California, according to press reports.
Helen of Troy posts 3Q profit
Helen of Troy reported fiscal third-quarter profit climbed by 48 percent to $55.4 million.
Container Store meets 3Q profit forecasts
The Container Store reported fiscal third-quarter net income of $6.2 million, after reporting a loss in the same period a year earlier.
Our trouble with jobs: The pay still stinks
There was a lot to like about the payrolls report—except for those who were making less at the end of the month.
JPMorgan said to pay $500M Bear Stearns settlement
JPMorgan has agreed in principle to settle class action litigation over Bear Stearns' sale of defective mortgage securities.
Fed paid record $98.7 billion profit to Treasury
In 2014, the regional Federal Reserve banks paid a record amount in profits to the U.S. Treasury.
Fed's Evans: I wouldn't hike rates before 2016
Chicago Fed President Charles Evans tells CNBC he'd be patient on raising interest rates.
Fund with woman’s touch beating market
Having more females in higher positions could help a firm's stock, if the initial performance of one ETN is any guide.
Thursday, January 8, 2015
Halftime trader: Rent, not own, energy stocks
One trader's thinks his key to success is minimizing losses with optimum timing of these trades.
Meet the most powerful woman in hedge funds
The hedge fund industry has two new massive independent money managers to start 2015: Leda Braga and David Warren.
Here's a trend that will be a surprise this year
The dividend play was supposed to be long gone by now. Yes, well, about that.
Apollo Education profit plunges 66%
For-profit education provider Apollo Education's profit plunged nearly 66 percent as student enrollments fell.
Global Payments tops Street 2Q forecasts
Global Payments on Thursday reported fiscal second-quarter earnings increased by 1 percent to $74.8 million.
Discounting nearly halves Family Dollar 1Q profit
Family Dollar Stores, the target of two rival U.S. dollar store chains, reported a 47 percent drop in profit as margins fell due to big discounting.
5 retailers raise guidance, sales looking better
Lower gas prices and better employment numbers could have been factors in better guidance from retailers.
Are Google's best days behind it?
Google may struggle as the company faces several challenges, including competition from Facebook, an analyst said.
Most of Bill Gross's Janus money came from...
More than 60 percent of the money raised by Bill Gross for Janus Capital came from a Morgan Stanley wealth management office.
Evans: Fed should not be in any hurry to do this
The U.S. economy is likely to generate continued job growth, but the outlook for inflation is "more worrisome," a top Fed official said.
Wednesday, January 7, 2015
StanChart axes equities business, retail jobs
Standard Chartered is axing most of its global equities business and 4,000 retail banking jobs as it moves to cut costs.
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