Japan indicated it would not become a founding member of the AIIB, staying loyal to the U.S., which has urged allies not to join, NYT reports.
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.
Tuesday, March 31, 2015
Japan banks look to Islamic finance boom for growth
Japan is starting to make inroads into Islamic finance, a move that could help strengthen regional economic ties and give its lenders an edge.
Strange close in some ETFs Tuesday
Strange close in a few ETFs Tuesday: Oil & Gas Exploration and Production ETF, Biotech ETF, Metals and Mining.
The IPO business: an anemic Q1, a cloudy Q2
After an historic 2014, the first quarter of IPO activity has seen a notable dropoff.
Byron Wien: Four market myths to rethink
Blackstone strategist Byron Wien explores four macroeconomic issues and why many investors are getting them wrong.
Want inflation? Check the Bacon Cheeseburger Index
While the Bacon Cheeseburger Index is intended as a lighthearted look at the economy, for the Fed inflation is serious.
Why Common Core will be a prez race punching bag
Common Core has become a political hot-button, especially for Republicans trying to distance themselves from Jeb Bush.
Lufthansa insurers set aside $300M for Germanwings
Lufthansa insurers are setting aside $300 million to deal with possible costs from last week's crash.
Ouch! Here's Wall Street's next headache
Banks, looked to as a bright spot for the upcoming earnings season, might not live up to expectations.
Cramer: This CEO is doing it right, and here's why
CNBC's Jim Cramer said he believes this CEO is making the right moves to win over a key constituency.
Is it time for ‘shadow bank’ stress tests?
A leading member of Germany’s Bundesbank has backed U.S. calls for unregulated “shadow banking” to be subjected to stress-testing.
Templeton's Mobius: Greece to stay in euro
Mark Mobius told Greek financial daily Naftemporiki that the country would remain in the single currency club.
Comcast to form company to invest in growth firms
Comcast will form a new strategic company to invest $4.1 billion in growth-oriented companies in the U.S. and abroad, the company announced Tuesday.
Small investors: Bad advice to blame for losses
Many retail investors have suffered big losses recently. The reason? Bad advice from brokers, they say.
Monday, March 30, 2015
Fed's Fischer suggests shadow bank regulations
A top Fed official suggested regulations to reduce non-bank lending sector risks, while saying it is hard for the Fed to impose restrictions.
Look for diversification in European ETFs: Analyst
When investing in European ETFs, one analyst recommends looking into products with diversified portfolios.
Why these pros are bullish on US stocks
Experts Tom Lee and Lindsey Bell said that, despite a "weak" first quarter, they remain high on U.S. equities.
China's 'merger king' criticizes US—here's why
Ren Jianxin has yet to do a major deal in the U.S., the FT reports.
Cramer: This was a ‘dud quarter,’ and here’s why
CNBC's Jim Cramer explained why the year's first quarter was so disappointing.
SEC accuses financier Lynn Tilton of fraud
U.S. regulators took aim at financier Lynn Tilton and her advisory business on Monday, saying she defrauded investors.
Deals, China stimulus news fuel strong market open
Markets kicked off the week strong, with health care deals and anticipation of more stimulus in China moving global stocks.
Two key Chinese stocks unexpectedly freeze filings
Two companies in a $1.4 billion investment fund managed by Morgan Stanley froze trading in their stocks.
Friday, March 27, 2015
Yellen sounds hawkish tone on first rate hike
The Fed chair said inflation did not need to rise for a rate hike, but said the path of hikes would be gradual.
How the Fed is 'screwed,' and what happens next
The Fed finds itself in an uncomfortable position heading into its first rate-hiking cycle in nearly a decade.
Here's where to go amid this volatility: Calamos
Calamos Investments CEO John Calamos Sr. told CNBC investors can find a safe haven from market volatility here.
Air crash payouts: How they work
In the wake of Tuesday's plane crash, Lufthansa may already be offering settlements to the families of the 150 passengers who were killed.
Rothschild v Rothschild: Rivals face court battle
Edmond de Rothschild Group, is about to issue a cease-and-desist order to the French financial adviser Rothschild & Cie.
Investors flee market at crisis-level pace
Outflows from equity-based funds in 2015 have reached their highest level since 2009, thanks to a seesaw market.
The Street is finally worried about earnings
Five of 10 S&P sectors are showing negative earnings growth, putting pressure on analysts to revise down estimates. Here's why that's good.
Ex-Credit Suisse bankers spared prison
A US judge decided not to require prison time for two former Credit Suisse Group AG bankers on charges of tax evasion.
Cramer: Why you should buy this stock
CNBC's Jim Cramer explains why investors should hop on Yahoo's stock.
Meet the dating website for hedge funds…
Finding the right hedge fund can be like dating. One start-up is trying to make it easier by matching investors with the hedge funds.
Fischer: Nonbank financial sector less vulnerable
The Federal Reserve vice chair said the nonbank financial sector is less vulnerable to the type of shocks seen during the financial crisis.
Thursday, March 26, 2015
Greek bank run loomed before bailout extension deal
Greek companies and households pulled €7.6 billion from their accounts during the government's standoff with its creditors driving deposits down. The FT reports.
Buh-bye, Wall Street! I'm a lot happier now
With Ruth Porat leaving Wall Street for Silicon Valley, Turney Duff takes a look at other ex-Wall Street friends and where they are now.
Market pros soften view on high-frequency trading
Wall Street pros still see a tilted field, though they're less concerned about a "rigged" market than a year ago.
A look at Leon Cooperman, subject of SEC inquiry
Meet the billionaire hedge fund manager who is the subject of a new government investigation of his firm's trading.
Fed policies have cost savers $470 billion: Study
Swiss Re's report called the impact of low-rate dollar-cheapening policies "indisputable."
Cramer to analysts: Forget about SanDisk
CNBC's Jim Cramer said analysts need to stop pushing SanDisk's stock amid its latest guidance cut.
Geopolitical risk adds to stock issues
Markets were already contending with negative earnings growth, high valuations, and the Fed's interest rate hike ahead of Saudi airstrikes on Yemen.
Apple, Beats gear up to compete with Spotify
Apple is pressing ahead with an overhaul of its digital music services to compete with Spotify, the NYT reports.
Fed Lockhart: Rate hike may come after midyear
Atlanta Fed President Dennis Lockhart also tells CNBC that first-quarter economic growth is very soft.
Lululemon posts higher profit as sales rise
Lululemon Athletica reported a slightly higher quarterly net profit on Thursday, helped by a 5 percent rise in comparable store sales.
May be time to normalize monetary policy: Fed's Bullard
Now may be a good time to start normalizing U.S. monetary policy, Federal Reserve policymaker James Bullard said on Thursday.
Wednesday, March 25, 2015
PayPal to pay $7.7M in sanctions case
PayPal is set to pay $7.7 million in a settlement over violations of numerous sanctions programs.
There's a huge sentiment split building in market
Professional and the mom-and-pop crowd have developed a starkly different view about which way stocks are heading.
Bubble forming? No way: Y Combinator prez
Sam Altman, Y Combinator's president, is popping the bubble talk.
How to trade stocks around tax deadline
Certain sectors are big winners: Industrials, energy and utilities were up 100 percent of the time as well in the 10 trading days after April 15.
Here are the billionaire hedge fund babies of 2014
Investors put more money into new hedge funds in 2014 than any year since 2004.
Cramer: Merger will bring new life to Kraft
CNBC's Jim Cramer explained why the food giant will benefit from its newly announced merger with H.J. Heinz.
Oil to reach $100 a barrel by end of 2016: Pickens
Oil prices could hit $100 a barrel by the end of next year, U.S. oil magnate T. Boone Pickens said.
Top CEOs reaped billions from stock market rally
These CEOs saw their annual compensations soar after the financial crisis thanks to stock gains, a Reuters analysis said.
Fed's Evans: 'No compelling reason' to hike rates
Policymakers should be "confident" that inflation is headed back to a healthy 2 percent before raising interest rates, the head of the Chicago Fed said.
Tuesday, March 24, 2015
Japan's overseas stock buying spree pressures yen
Purchases of foreign stocks and bonds by Japan's giant pension funds and other big investors in 2015 could be their highest for at least a decade.
Banks significantly safer: BlueMountain's Staley
Better regulation and supervision have led to banks that are much safer today than they were precrisis, Jes Staley said.
Do you need an MBA on Wall Street anymore?
In 1985, an MBA was a ticket to to a career in finance or management. Is that still true? Wall Street recruiter Noah Schwarz weighs in.
Hottest dividend stocks of 2015
CNBC screened the large cap S&P 500 index to see where the hottest parts of the dividend stock market have been.
Profit recession: This is what you need to know
The suddenly dour forecast for corporate profits in 2015 is accompanying fears that a recession will be close behind.
What Ruth Porat will bring to Google as CFO
Ruth Porat will bring two things to Google as its new CFO, RBC Capital Markets' Mark Mahaney says.
Fed official Stein heads to hedge fund
Another former senior government official has signed up to be a paid advisor to a multibillion-dollar hedge fund firm.
Top Morgan Stanley exec leaves firm for Google
Ruth Porat, CFO and executive vice president of Morgan Stanley, is leaving the Wall Street firm to join Google as CFO.
Here's a solution for the Fed
An audit isn't the answer. Here's an alternative that would achieve Congress's goal of more Fed oversight, says UBS economist Drew Matus.
Is Exxon's dividend at risk?
With worries about dividend cuts in energy, Exxon will be in the spotlight.
Ocwen to sell $25B in servicing rights to Nationstar
Ocwen to sell $25 billion of residential mortgage servicing rights to Nationstar Mortgage Holdings.
Fed's Bullard: Zero rates no longer right for US
The Fed policymaker said zero percent rates were no longing appropriate and that a rate hike in the "summer" would still leave policy extremely accommodative.
Vivendi urged to spin off Universal Music
The activist investor pushing for a break-up of Vivendi wants the French media group to spin off its Universal Music Group division.
Monday, March 23, 2015
Central banks agree new rules for FX market conduct
Banks must prevent traders sharing order information under a new code of conduct banning slang usages.
Ex-Rabobank trader pleads guilty to conspiracy charge
A former trader at Rabobank pleaded guilty to U.S. charges that he took part in a scheme to manipulate Libor, the benchmark interest rate.
Hands off the Fed!
Here's why Congress shouldn't have greater control over the Fed and monetary policy, say Vassar economics professors Paul Johnson and Robert Rebelein.
Pisani: Lost in all the 'Flash Boys' talk
Michael Lewis and IEX's Brad Katsuyama talk about the "Flash Boys" book one year later.
How the smart money is set up for a Fed rate hike
Hedge funds are focused on currencies over bonds in anticipation of the Fed's long-awaited interest rate increase.
Grass is looking green for investing in marijuana
Venture capital investors would be dopes to pass up this opportunity.
Apple to conquer watch market? Not so fast: Analyst
Despite excitement and growing demand, the Apple Watch will not overtake the watch market, Cowen's Oliver Chen says.
An eighth of a point Fed rate hike? Seriously?
A market that worried the Fed would raise rates too soon is now entertaining a different set of possibilities.
Fed's Fischer: Fed fund rate hikes likely this year
Federal funds rate will likely increase before the end of this year, but the Federal Reserve has "no plans" to hike regular rates, according to Fed's Fischer.
Cramer: Why Pepsi added Richard Fisher to board
CNBC's Jim Cramer explains why the soda giant brought in the former president of the Dallas Fed.
EBay adds 2 directors to board ahead of PayPal split
EBay said it added two independent directors to its board ahead of the PayPal split.
Want growth? Stop collecting banker scalps: Trennert
Politicians and regulators are too focused on punishing banks, strategist Jason Trennert tells CNBC.
Fed's Mester urges shift in forward guidance role
The Federal Reserve's forward guidance should gradually evolve back to its "normal" role of communicating, Cleveland Fed's Loretta Mester said.
Fed's Bullard: Dollar strength is due to ECB
The strength of U.S. dollar in recent months has mainly been due to the aggressive policies from the ECB.
Sunday, March 22, 2015
How the Europe-US spat over a China-led bank began
This month European governments chose to join Chinese-led Asian Infrastructure Investment Bank (AIIB) in defiance of the U.S..
Yankees, NY soccer team try to avoid a turf war
A literal turf war could pit New York's new soccer squad against the legendary Yankees team.
Saturday, March 21, 2015
NY Fed may have policy power curbed: Report
The powerful New York Fed may have its power curbed by Congress, according to a report.
Friday, March 20, 2015
Hope Capital: Terrible hedge fund names delight
The best of #badhedgefundnames, which trended on Twitter Friday.
Banks improving their culture, compliance: Lawyer
The environment between banks and regulators today is tension filled, corporate lawyer H. Rodgin Cohen told CNBC on Friday.
'SOB' bankers should be punished: Wall St watchers
How do you improve the culture of Wall Street? Personally punish the industry's bad apples, according to two observers.
Evans: Delaying liftoff wouldn't spark inflation
Chicago Federal Reserve Bank President Charles Evans said a delayed rate hike would not cause inflation.
Fed ended 2014 with $4.5T in assets driven by QE3
The central bank's assets rose by $473 billion, driven by the third round of its bond buying program.
Cramer: Tiffany's gotta get off its luxury throne
CNBC's Jim Cramer says Tiffany's current business model doesn't work. Here's why.
Dollar currently on a 'pause': Analyst
BlackRock's chief investment strategist, said investors should keep eyeing the dollar as it's only on a "pause."
Shadow banks a risk to economy: Fed's Lockhart
Atlanta Federal Reserve President Dennis Lockhart says regulators need to step up monitoring of shadow banks.
How to avoid an IRS tax audit
From math typos to odd itemized deductions, IRS auditors have many reasons to be wary of your tax returns, USA Today reports.
Class in America: Want to get ahead? Try this
Attending these services could help you climb the economic ladder, NBC News reports.
TSB agrees to $2.5B takeover by Spain's Sabadell
British bank TSB said it had agreed to be taken over by Spanish lender Banco Sabadell in a deal which values the business at $2.5 billion.
Thursday, March 19, 2015
BNY Mellon settles FX cases for $714M
Bank Of New York Mellon settled over fraudulent foreign exchange practices, agreeing to pay $714 million to resolve the cases.
Yardeni: Markets all rigged, it is what it is
Strategist Ed Yardeni tells CNBC the stock market is "rigged," but that's not necessarily a bad thing. Here's why.
Cramer: Janet Yellen ‘nailed it’
Jim Cramer praised Fed Chair Janet Yellen and the central bank for the statement after this month's FOMC meeting.
Stocks need clarity on the tightening cycle
Equities tend to gain in the period leading into interest rate tightening cycles, then reverse when the tightening begins.
Citigroup CEO earned 10% less last year—here's why
Citigroup cut Michael Corbat's annual compensation by 10.3 percent in 2014—here's why.
Wednesday, March 18, 2015
Bank of America must allow shareholder vote on breakup
BoA must allow shareholders to vote on a proposal that calls for the company to consider spinning off its investment banking business.
Fed futures push rate hike to October from Sept
Fed funds futures are now pricing in expectations for the central bank's first rate hike in October, versus a prior expectation of September.
Don't lose patience with the Fed
Here's why the Fed's removal of the word "patience" from its statement shouldn't panic investors, says UBS CIO Mike Ryan.
Fed indicates rate hikes coming, but not in April
The central bank dropped the word 'patient' in a statement that caused markets to immediately rally.
Take a look at the March Fed dot plot
See how March's dot plot for federal-funds rate predictions compared to the previous month.
Live: Yellen says can't rule out June rate hike
The Federal Reserve removed 'patient' from its statement but said there would be no rate hike in April.
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 Jan. 28.
Expect rate hike this summer: Pimco's Mather
Pimco's Scott Mather explains why he's sticking to his prediction that the Fed will start raising rates this summer.
Billionaires reveal their NCAA brackets
The smart-money brackets: CNBC.com got some of the world's elite private investors to pick their NCAA Final Four.
Losing patience? Let it rip, ex-Fed official says
Ex-Dallas Fed Pres Robert McTeer says the markets have been contrarian, so the Fed should go ahead and do it.
Herbalife wins dismissal of shareholder lawsuit
A judge dismissed a lawsuit claiming Hebalife was actually an illegal pyramid scheme.
If the Fed's not 'patient' anymore, what are they?
As the central bank gets closer to a rate hike, some expect the word "patient" might come out of the statement it issues Wednesday.
Tuesday, March 17, 2015
What if Yellen does stay patient?
Many investors believe the Fed is set to remove the word “patient” from its statement, but analysts warn a surprise would send the dollar sprawling.
Relax, the Fed isn’t risking a 1937-style slump
The world's biggest hedge fund is scared that a U.S. rate hike will trigger a 1937-style crash, but experts told CNBC that they aren't concerned.
Japan GPIF head unlikely to serve full term amid spat
The head of Japan's trillion-dollar pension fund is unlikely to see out his coming term in office, amid a government spat.
US urges allies to rethink joining China-led bank
The U.S. urged countries re-think signing up to a new China-led Asian development bank that Washington sees as a rival to the World Bank.
Dalio: We're 'cautious' ahead of Fed rate liftoff
The manager of the largest hedge fund firm is being cautious with his portfolio ahead of a potential interest rate hike.
Private equity investors pile into Africa
Private equity firms are doing more deals in Africa to tap the continent's growing population and wealth.
Where down payments are the lowest...and highest
Homebuyers in areas with the lowest costs are making half the down payments as those in more expensive areas.
Expect a more hawkish Yellen this time: Analysts
Investors should expect Fed Char Janet Yellen to be more hawkish than in the past, two analysts said.
These great market minds will all be in one place
The Sohn Investment Conference is back on this year for its 20th edition, and the names are as big as ever.
Credit card defaults up for first time in 5 years
The increase in the February default rate for bank cards may actually be a good sign for the economy. Here's why.
Cramer: No way the Fed should hike rates now
CNBC's Jim Cramer says the Fed can't hike interest rates now because the economy "is not going the way it's supposed to."
If Fed loses 'patience'—June rate hike?
If the Fed loses its "patience," that could mean a June rate hike, says Ron Insana — using Janet Yellen's logic.
Housing data adds to string of disappointing stats
Investors should sit up and take notice of Tuesday's housing starts miss because the data is directly plugged into GDP.
Some big banks aren't thrilled with Apple Pay
Some of the nation's banks are privately complaining that Apple Pay may not be so great after all.
UK bans first trader over Libor after US conviction
A former trader at Rabobank has become the first trader banned from the British financial services industry over Libor rigging.
First rate hike now expected in August: CNBC survey
More than two-thirds of respondents to the CNBC Fed Survey see the first interest rate hike coming in August, a month ahead of the prior survey.
Europeans defy US to join China-led development bank
France, Germany and Italy have agreed to follow Britain's lead and join a China-led international development bank. The FT reports.
Monday, March 16, 2015
GE's Immelt touts value of scale to investors
Jeff Immelt is sticking by his company's model for housing diverse businesses under one roof at a time.
Hedge fund manager: It's a 'truly scary time'
A hedge fund manager who warned about the last financial crisis is seeing parallels of that run-up in the market today.
'Taper tantrum' Part II hitting the bond market
With the Fed nearing its first rate increase in about 6½ years, bond investors are bracing for the shock.
Tom Lee: Watch out for the dollar
Fundstrat Global Advisors' Tom Lee said investors should keep an eye on the dollar in the near future.
Hedge fund Everest falls off a Swiss cliff
A bad currency bet has caused Everest Capital, one of the largest private investors in emerging markets, to collapse.
Cramer: 'I’m just not a bear on Netflix'
CNBC's Jim Cramer explaind why he likes Netflix despite its most-recent downgrade.
Stimulus talk is once again moving global markets
If you doubt the effect that stimulus has on stocks, look no farther than the headlines from Asia and European equity inflows.
El-Erian: Expect new Fed 'linguistic gymnastics'
Mohamed El-Erian predicts the Fed will remove the word "patient" but could open up another can of worms.
Next up for Jessica Alba's Honest? Asia
Jessica Alba's Honest is setting its sights on the Asian market, especially in China.
Valeant, Salix agree to cash deal of $173 a share
Valeant Pharmaceuticals agreed to buy Salix Pharmaceuticals for $173 per share Monday morning.
Sunday, March 15, 2015
Chinese trust firms shift shadow banking risk
China's trust firms are shifting more cash into frothy capital markets and over-the-counter (OTC) instruments instead of loans.
A shadow banking sector has gotten 65 times larger
Shadow banking has come back to life after getting hammered during the crisis; one segment has been especially rampant.
Friday, March 13, 2015
No rate hike this year: Morgan Stanley's Zentner
Morgan Stanley's chief U.S. economist explains why she thinks the Fed will wait until 2016 to raise interest rates.
This Fed economic indicator looks pretty awful
The most recent GDP Now print puts first-quarter GDP growth at just 0.6 percent.
Cramer: Steer clear of Europe
CNBC's Jim Cramer says investors should stay away from Europe as the euro inches closer to parity with the dollar.
Earnings remain trouble spot in choppy trading week
Weak oil revenues and the strong dollar is weighing on earnings expectations for the markets.
Corporate profits may be running out of steam
Wall Street analysts, expecting two quarters of declining earnings, are banking on a second-half recovery.
Michael Lewis: 'Flash Boys' market still 'rigged'
A year after his book rocked Wall Street, Michael Lewis says the market's "invisible scalp" persists.
Thursday, March 12, 2015
US to UK: Stop being so accommodative to China
The White House accused the UK of a "constant accommodation" of China after the British government decided to join a large China-led financial institution. The FT reports.
What's behind Thursday's stock rally
Why the rally? Traders were surprised by the strength of the rally Thursday morning, which mostly occurred in the first 20 minutes of trading.
For active managers, it's been a brutal 10 years
Fewer than 1 in 4 active managers have outperformed over the past 10 years.
This is how billionaires enjoy super-low tax rates
Many wealthy investment managers pay about half the tax rate they usually would—and it's unlikely to change soon.
Charter, Bright House in acquisition talks: Source
Charter Communications is in talks to buy company Bright House Networks, a source familiar with the matter said.
Even with Apple, the Dow would still be meh
For all of the excitement about Apple joining the Dow Jones industrial average, it might not make such a big difference.
Forget banks. Where to find dividends
It's great that the big banks will raise their payouts, but don't think they are all suddenly turning into dividend all-stars.
What state passed a white-collar felon registry?
This state approved a measure to build the nation's first white-collar offender registry for financial felons. The NYT reports.
Growth slows at fast casual restaurants
While many fast casual restaurants are still posting respectable earnings, the guidance is getting more conservative.
Cramer: Here's Intel’s biggest problem
CNBC's Jim Cramer says Intel's biggest problem is a generational one.
Gartman: Sell the euro rally when it hits here
A day after a huge selloff on the euro, the currency enjoyed a nice bounce—and a potentially good selling opportunity.
11 companies that are growing like weeds
These 11 companies in the S&P 500 have posted impressive and accelerating growth, USA Today reports.
GE weighs deeper cuts to banking business
GE has decided that returns from lending are no longer worth the ire it provokes among investors, the WSJ reported.
Bank sector now regulated by 'hypotheticals': Bove
The government has created a regulatory regime in which banks' balance sheets are dictated by hypothetical situations, Dick Bove tells CNBC.
Spain's Sabadell approaches TSB about $2.6B bid
British challenger bank TSB has received a takeover approach from Banco Sabadell, valuing the business at about $2.6 billion.
Wednesday, March 11, 2015
Lumber Liquidators founder: 'Real story' coming out
Speaking with CNBC, Lumber Liquidators founder and chairman, Tom Sullivan, said the "real story" about his company is starting to come out.
Fed flags BofA, Deutsche, Santander in stress test
The Fed objected to capital plans from the US units of the two European banks and said BofA would have to fix deficiencies and resubmit.
Companies are cashing in on Common Core
Controversy around Common Core hasn't stopped companies like Pearson, McGraw-Hill and even Apple from cashing in.
CEO of fast-growing Meerkat said he's not selling
Meerkat's CEO said Wednesday he is not ready to sell the currently-hot app to bigger players within the tech realm.
Average Street bonus rises to $172,860 in 2014
Compensation rose even as pre-tax profits at broker-dealer operations of NYSE member firms fell.
I'm concerned about negative interest rates: Cohn
Goldman Sachs President Gary Cohn said he is "very concerned about negative interest rates throughout a lot of Europe."
Lumber Liquidators spikes on activist's long bet
Robert Chapman, activist investor and CEO of Chapman Capital has taken a long position in Lumber Liquidators.
Strange trading action seen in US markets this week
The S&P 500 has seen drops greater than 1.25 percent in two of the last three session, just two weeks after setting an historic high.
Cramer: Currencies are moving too fast
CNBC's Jim Cramer says the real problem with the euro's plunge is its velocity.
Why are 11 top rated stocks getting spanked?
11 stocks in the S&P are being punished despite great upside and expected earnings growth. USA TODAY reports.
Alibaba is helping businesses get loans
Chinese e-commerce giant Alibaba has struck a deal with two U.K. start-ups to provide money to small and medium British businesses.
Dick Bove: What to expect from stress test part 2
Bank expert Dick Bove tells investors what to expect from the second round of the Fed's bank stress test.
Investors see high yields as Fed calculus resets
Investors now see a Fed rates hike as more than a symbolic increase—here's why.
Bank dividends: Good health or engineering?
Big bank buybacks and dividends may be as much about the institutions’ financial engineering as any improvement in their health.
Tuesday, March 10, 2015
Facing cash crunch, Greece to tap into bank rescue fund
Greece is set to tap into more than half a billion euros of funds from its bank rescue fund as it struggles this month amid a cash crunch.
Behind the obsession with the dollar and earnings
The markets were obsessed with a stronger dollar Tuesday.
These stocks have gained 1,000%+ during bull run
Some 32 stocks in the S&P 500 and 13 in the Nasdaq have been what legendary investor Peter Lynch dubbed "ten baggers."
This is only the start of volatility: Experts
U.S. markets should expect increasing volatility in the near future, three experts said Tuesday on CNBC.
BNY Mellon CEO Hassell has got to go: Activist
In a blistering critique of what it perceives as BNY Mellon's many shortcomings, Marcato demanded the CEO's replacement.
How many watches will Apple sell?
Of course, no one knows exactly, but there's plenty of guesses from the analyst community.
Stocks weaker on dollar, Fed worries, earnings
U.S. markets opened for trading sharply lower on Tuesday, hit by concerns over rising interest rates, a stronger dollar and weaker earnings estimates.
Cramer: Watch out for emerging 'wreckage'
Ahead of the stock market's opening plunge, CNBC's Jim Cramer warned about the dangers of the rising dollar on emerging markets.
Activists give hedge funds best returns in a year
Hedge funds are back in the black for 2015 and some familiar strategies are leading the way.
This will help US stocks: Morgan Stanley CFO
Morgan Stanley sees a lengthy recovery ahead for Europe and an improving picture in the U.S., CFO Ruth Porat tells CNBC.
PNC Bank ordered to pay $391M in funeral scam case
A federal jury ordered PNC Bank to pay $391 million in damages for its role in an alleged insurance scam.
Monday, March 9, 2015
Fed's Fisher calls for 'prompt' rate hike
The Fed should end its monetary policy and raise rates, followed by gradual moves higher, the Dallas Fed head said in his last speech as a policymaker.
Pisani remembers Haines' legendary 2009 call
We had dropped for three straight weeks and could not sustain a rally...
Investors pull $18.5M from Janus
Investors pulled $18.5 million from Janus Global Unconstrained Bond Fund in February.
Case for a correction: Why even bulls are nervous
Count Standard & Poor's top market expert among the bulls who have recently sounded a decidedly cautious tone.
$100 million NYC apartment tax bill: 0.017%
The owner of the most expensive apartment ever in New York City owes just 0.017 percent in property taxes thanks to a legal loophole.
Starboard: Yahoo should buy back $4B of shares
Starboard Value said the Yahoo's spinoff of Alibaba was a "good first step" but reiterated that the company remained undervalued.
Don't be fooled by Fed's propaganda: Ron Paul
Here's why you shouldn't be fooled by the argument that an audit will somehow limit the Fed's independence, says former Rep. Ron Paul.
Stock weakness is no reason to hit panic button
The drop in earnings is cause for concern, but it's not enough to make market watchers hit the panic button.
Cramer on GM: 'I’m shocked at this'
Here's why CNBC's Jim Cramer is caught by surprise by a move by GM.
Goldman profits in danger thanks to stress tests
Goldman may lose an important engine of profitability amid the latest bank stress test, the New York Times reports.
Saturday, March 7, 2015
Foreign banks tighten loans to China state-owned firms
Some foreign banks are tightening lending rules for China's state-owned firms, even those once seen as safe as government debt.
Friday, March 6, 2015
Fed's Lacker repeats call to hike rates
The Fed can raise interest rates even if inflation measures remain below the central bank's target, said Jeffrey Lacker.
A great jobs report for waitstaff and bartenders
The American job-creation engine is running full throttle. The American wage-inflation engine? Not so much.
KKR: US economy is good, but investing is hard
KKR thinks the US economy is in good shape, even if the looming interest rate increase is likely to be disruptive.
Does strong jobs report mean a June rate hike?
The strong jobs report may have just put June back on the table for the first Fed rate hike, says Ron Insana.
Don't be too patient on rate hikes: Fed's Williams
The Fed should not wait too long to raise rates, a top U.S. central banker said, because doing so could mean "drastically" overshooting on inflation.
Thursday, March 5, 2015
UK finmin admits RBS error and calls for early sale
George Osborne says he made a mistake in not radically restructuring state-controlled Royal Bank of Scotland in 2010, the FT reports.
Fed: Banks have capital to withstand a depression
Investors had been closely watching the results, particularly for Citigroup, whose CEO had said his job should be on the line if they failed.
McCormack's 'Tiger' hedge fund to shutter
Patrick McCormack's Tiger Consumer Management is shutting down at the end of March.
Why bringing corporate cash home won't help
"Even if one were to become law ... it would have a minimal effect on the economic outlook," one analysis says.
Pension funding up, but still way short
Pensions remain short of having enough money to pay out what they've promised, despite recent asset increases.
Too big to fail banks just keep getting bigger
Too big to fail? It may turn out that the biggest banks in the U.S. are too big to break up.
Achoo! 11 'healthy stocks' catch a cold
These 11 stocks are down for the year after beating the market for three years straight, USA Today reports.
Cramer: ECB's QE is a declaration of trade war
CNBC's Jim Cramer also says the euro will trade at parity with the dollar.
Fed shifts regulatory power away from New York
The New York Federal Reserve Bank's regulatory power shifted to a committee in Washington, the WSJ reported on Thursday.
Are you a millionaire in the making? Find out...
A new study found that there are several paths people can take to become millionaires, USA Today reports.
Wednesday, March 4, 2015
Bank of England mired in money-market fraud probe
The Bank of England is embroiled in an investigation over the potential rigging of its money-market auctions, the FT reports.
Here's how mutual funds are cutting costs
Mutual fund companies have slashed fees on their most popular funds—here's how they are doing it.
Kansas City Fed's sticks with mid-year rate rise
Kansas City Fed President said the central bank should raise interest rates in the middle of this year.
Cramer: Target cuts were necessary
CNBC's Jim Cramer says Target CEO Brian Cornell is making the right decisions to move the company forward.
Pension funds run late to index funds party
Pension funds have yet to embrace index funds as individuals have, despite their upside, the NYT reports.
Aubrey McClendon is looking to raise more cash
Just months after amassing a war chest for his new drilling company, McClendon is actively trying to add to it.
Fed's Evans wants no rate hikes until 2016
"There are few benefits and significant risks to increasing interest rates prematurely," said Chicago Fed President Charles Evans.
Tuesday, March 3, 2015
Yellen: Poor values may undermine bank safety
Fed Chair Janet Yellen lashed out at the nation's biggest banks on Tuesday saying shortcomings in their values could undermine their safety.
RBS cutting 14,000 investment banking jobs
Royal Bank of Scotland aims to slash as many as 14,000 jobs in the investment banking sector.
People aren't spending their gas savings: Zandi
As a result, expected improvements in sales data and economic growth in general have fallen short of the expectations.
Cramer: Citi’s moves are long overdue
CNBC's Jim Cramer said Tuesday that it's about time Citigroup executed some of its latest moves.
Oil pro Andy Hall: Next move will surprise market
Oil trader Andy Hall has closed out his bearish bets on oil and is predicting a price recovery in crude sooner than many analysts expect.
Big Money: Are markets ready for June rate hike?
Rick Rieder, Jamie Dinan and Kyle Bass all think Janet Yellen is finally going to move rates in June.
JPMorgan Chase tilts away from Wall Street
Investment banks are looking to grow their consumer side. New York Times reports.
With dollar at 11-year high, here's what's next
The strong dollar story has not changed, and many pros will tell you the currency has further to climb.
No EU stress tests in 2015: Banking watchdog
The European Banking Authority, Europe's banking watchdog, said it had decided not to run an EU-wide stress test this year.
Monday, March 2, 2015
Barclays adds to litigation provisions; profits rise
U.K.-lender Barclays delivered pre-tax profit for last year that beat market expectations, as it set aside more money for potential fines.
Fed has 'golden' chance to tighten: Druckenmiller
The founder of Duquesne Capital Management said that the Fed risks disrupting the U.S. economy if it waits to raise interest rates.
Buffett: These investments are a 'fool's game'
Warren Buffett has a message for institutional investors: stop pouring money into expensive, high-end money managers.
PayPal to pay $280M for Apple Pay rival Paydiant
PayPal looks to expand its bricks-and-mortar presence as it eyes a $280-million acquisition for Paydiant.
Audit the Fed? Bad idea: Ron Insana
Ron Insana says Congress should not be auditing the Fed. Period.
Citigroup CFO sees markets revenue declining in Q1
Citigroup expects its revenue from fixed-income and equity markets to decline in the first quarter from a year earlier.
Fidelity cuts Google stake by 1/3—here's why
One of Google's largest investors cut its exposure to the company by nearly a third over the past several months.
Hedge funds cut Apple and these other VIP stocks
Many hedge funds sold down or exited positions in eight of the 10 most popular stocks, including Apple, Google and Exxon.
Cramer: Buffett could be right about IBM, but...
CNBC's Jim Cramer says Buffett could be right about IBM but the investment could turn into another huge mistake for him.
Bill Gross: Central banks have gone 'too far'
Ultra-easy central bank policies are about to bite the economy, Gross said in his latest letter to investors.
Philly Fed names Patrick Harker as new president
The Philadelphia Federal Reserve named University of Delaware President Patrick Harker as its new president and CEO.
Here's Warren Buffett's advice to LeBron James
The Oracle of Omaha gives LeBron James some financial advice on CNBC—and it's simple.
Why Buffett is sticking with IBM
Here's Warren Buffett's main reason for sticking with IBM: "Because I like it."
Succession front-runners still in the dark: Buffett
Neither Ajit Jain nor Greg Abel know who will be Berkshire Hathaway's next CEO, the Oracle of Omaha said Monday.
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