Friday, May 29, 2015
American Express president dies on flight
American Express President Ed Gilligan died suddenly after falling ill while flying on a corporate plane to New York.
Michael Kors problem is industry wide: Ex JCP chief
Former JC Penney CEO Allen Questrom explains why Michael Kors' stock has dropped so much and why it's a bigger problem.
Why the Federal Reserve is wrong. Again
The Fed's monetary policy is behind the curve once more, says Michael Farr.
Analyst bashes Jamie Dimon's 'ludicrous' comments
JP Morgan CEO Jamie Dimon's recent assertion that some bank shareholders are lazy is "ludicrous," bank analyst Mike Mayo said.
Bitcoin's tech is entering the major leagues
So who is interested in bitcoin's technology? Seagate, Nasdaq, Overstock, IBM, Samsung, UBS, Barclays and Intel—to name a few.
Summer in the Hamptons will be sizzling
All indicators, from lobster to helicopters, suggest business will be booming in the Hamptons this summer.
June swoon? Cramer says it sounds about right
CNBC's Jim Cramer says a June swoon makes sense given the negative effect the stronger dollar has had on American companies.
Dick Fuld's speech: Don't call it a comeback
After Dick Fuld's first public speech since the crisis, this PR guy had one thing to say: Don't call it a comeback.
Expert: Stocks are underowned—here's why
Rebecca Patterson of Bessemer Trust explains why investors should buy stocks on the next dip.
JPMorgan to lay off 5,000 employees across firm
JPMorgan Chase will cut about 5,000 jobs over the next year, as the bank closes branches and slims down operations, The Wall Street Journal reported.
Analyst: Here's what Amazon's doing right
Still no profits, but Amazon has managed to grow its stock because of this simple factor, Morningstar's R.J. Hottovy says.
GameStop profit beats on sales of Mortal Kombat X
GameStop reported better-than-expected profit, helped by sales of new releases such as "Mortal Kombat X" and "Evolve" and an increase in downloads.
Thursday, May 28, 2015
GE taps Deutsche to sell Italian lender: Sources
GE picked Deutsche Bank to sell Italian lender GE Capital Interbanca as part of a strategic review to refocus its industrial base, sources said.
Paul Singer: This is the new 'big short'
"Are they really taming volatility with their bond-buying, or just jamming it into a coiled spring?"
Advisory exec fires back at Dimon's 'lazy' comment
Jamie Dimon's contention that "lazy" shareholders rely on advisory firms shows an "outdated" attitude, an advisor said.
Wall Street CEO pay vs shareholder gains: Who won?
Wall Street pay and shareholder performance don't always line up, with a few caveats.
Lehman's Fuld: No one thing caused the crisis
"Regardless of what you heard of Lehman Brothers' risk management, I had 27,000 risk managers because they all owned a piece of the firm," he said.
Atlantic City sues for $3M over failed loan program
The suit raises questions about why money was fronted to provide loans that banks readily make.
Why is Janet Yellen skipping Jackson Hole?
Why is Fed Chair Janet Yellen skipping the Fed's annual symposium in Jackson Hole? Ron Insana weighs in.
Biotech investors up big amid bubble talk
Some view biotech stocks as a bubble, but hedge funds are riding optimism in the sector to monster gains.
Lenovo launches touchscreen projector phone
Chinese technology company Lenovo just made a play to increase its presence within the smartphone market.
JPMorgan's Dimon to shareholders: 'You are lazy'
JPMorgan Chase officials have not done enough to show how well the company is run, Chairman and CEO Jamie Dimon said on Wednesday.
Wednesday, May 27, 2015
Fallen Lehman chief opens real estate brokerage
Just seven years after his brokerage firm collapsed, former Lehman Bros. CEO Dick Fuld is back in the real estate business.
Dimon faults company, shareholders for quarrels
JPMorgan Chase's officials haven't done enough to show what the company is doing right, leading to shareholders disapproval.
Why is FIFA a US-based case?
U.S. legal authorities said they have the jurisdiction to go after some FIFA officials for corruption charges.
Global smartphone growth slowing: Study
Global growth in Internet users and smartphone subscriptions has slowed down, according to a Kleiner Perkins study.
Cramer: Here’s the problem with correction calls
CNBC's Jim Cramer explains why so many market correction calls could be troublesome.
McDonald’s gets more secretive in turnaround
The fast food giant will stop reporting a key metric starting next month.
Fed's Jeffrey Lacker: Let banks fail
Policymakers must ensure that creditors must be willing to let firms fail in order to restore discipline, a top Fed official said.
Is this the next unicorn from China?
Dianrong.com – a major Chinese P2P online lender – now boasts a valuation of "around" $1 billion dollars thanks to its latest round of fundraising.
Tuesday, May 26, 2015
Fed's Fischer: Markets should be ready for hikes
Fed moves to raise interest rates could lead to more market volatility, but overall the impact should be manageable, the Fed's vice chairman said.
Why the bull rally will continue: Tom Lee
Market bears should worry as U.S. equities are poised to rise 10 percent, says Tom Lee.
Ben Lawsky: We should have done this earlier
NY's top financial regulator, Benjamin Lawsky, told CNBC that his agency should have focused on individual accountability earlier.
Cramer: Why Twitter is like Shakespeare
CNBC's Jim Cramer says Twitter is "constantly in motion doing nothing.”
Monday, May 25, 2015
The Fed is not 'walking the talk'
The bond markets' indifferent response to last Friday's statement by the Federal Reserve that rates may be raised this year seems about right.
Fischer: First rate hike will be no big deal
The Fed vice chairman said it was "misleading" to give so much importance to the first interest rate hike.
Sunday, May 24, 2015
Loan recovery eludes India's banks
A recovery in India's credit growth may elude its banks until early 2016, despite an economy that likely outpaced China.
Friday, May 22, 2015
Yellen: Rates rising in 2015 if economy improves
The Fed chair predicted moderate growth this year and beyond, explaining that economic headwinds are waning.
Cramer: What is going on at Gap?
CNBC's Jim Cramer said Friday that Gap's disappointing earnings report and poor morale there was a "downer" for him.
Banks probed over automated forex deals
Trading platforms at Barclays and Deutsche Bank are being scrutinized by the DFS, Financial Times reports.
Ouch! Hedge funders stung by Obama, Clinton barbs
Hedge fund managers are fuming at new political rhetoric against them and their huge paydays.
House lawmaker issues subpoena to Fed over leak
The chairman of a U.S. congressional committee subpoenaed Fed documents and communications related to a 2012 leak of information.
Thursday, May 21, 2015
Fed minutes can hinder policy debate: Willams
Fed meeting minutes are so detailed and such a central investor and media focus that policy debates may be hindered, a Fed official said.
These 10 CEOs raked in $14.2B from market rally
Ten CEOs of S&P 500 companies scored paper gains on their stock holdings of $14.2 billion this year, USA Today reports.
Fischer: Euro zone survival virtually assured
Fischer said the euro zone crisis had made the monetary union stronger and proved that the ECB can carry out effective policy.
Our $58T love affair with debt, in one crazy chart
Those having a hard time finding growth in the U.S. economy are looking in the wrong places.
Street, Fed making this big mistake: Jim Paulsen
Wall Street investors and the Federal Reserve are both dismissing this possibility, Jim Paulsen said.
Hedge funds ride China stock surge to huge profits
Many see China as a slowing giant, but local traders have used a more optimistic take to score huge gains.
Cramer: LL CEO exit not unexpected
CNBC's Jim Cramer explains why Robert Lynch's resignation is not "unexpected."
Wednesday, May 20, 2015
Deutsche Bank shifts power to co-CEO in reshuffle
Deutsche Bank reshuffled its management board late on Wednesday.
Do ETFs pose a 'systemic risk?'
Do ETFs pose a risk to the marketplace in times of high volatility? Possibly, but there are no specific accusations.
Fed: Weakness 'transitory,' but no June rate hike
Federal Reserve officials at their April meeting mostly brushed aside the wobbly start the U.S. economy has had in 2015.
Black: Icahn the 'brilliant investor of our age'
Carl Icahn was feted by friend and fellow billionaire Leon Black at a charity event for skin cancer.
The unemployed are dropping out like flies
At a time when 8.5 million Americans still don't have jobs, some 40 percent have given up even looking.
The Fed will raise rates this year: Bob Doll
Bob Doll said he believes the Fed will "find every excuse to move" with higher interest rates, and here's why.
Cramer: Japan’s back, but …
Investors should not get their hopes up too much about Japan, CNBC's Jim Cramer says.
5 banks to plead guilty, pay $5.7B on rate rigging
Authorities fined five banks and four of them agreed to plead guilty to criminal charges over FX manupulation.
Yahoo shares fall on possible US spinoff tax change
Yahoo fell 7.6 percent on concerns that a possible change in tax regulations would affect Yahoo's planned spinoff.
Rate hike not right until early 2016: Fed's Evans
A hike in U.S. interest rates is not likely to be appropriate until early 2016, Chicago Federal Reserve President Charles Evans said on Wednesday.
Tuesday, May 19, 2015
Has the Fed got a grasp on economic reality?
History shows us that the U.S. Federal Reserve's grasp on economic reality hasn't been anywhere near as strong as you might hope or expect.
UBS to pay $545M over forex, libor probes
UBS said it has settled a probe by U.S. authorities over alleged rigging of currency markets by agreeing to pay $545 million in combined fines.
Bank customers fork over $2.5B in overdraft fees
Three of the largest U.S. banks alone collected in the first quarter more than $1.1 billion related to overdrafts.
How ADT is entering this space: CEO
This is how ADT plans on cementing its spot on the Internet of Everything space, its CEO said.
The incredible shrinking Wall Street banks?
After decades of swallowing up competitors, pressure is on for warehouse financial institutions to start divesting.
Here's Wall Street's latest concern: Report
Investors are hedging their bets for the upcoming leap second, according to a report. Here's why.
Wow! Here's how much Icahn made on Apple trade
Carl Icahn's big bet on Apple is now one of the greatest trades of all time.
Years of overlooked red flags catch up to broker
A stockbroker, who had 69 customer disputes filed over 13 years, was only barred by the FINRA in 2014, The NYT reports.
Cramer: Retail sector’s big winners
CNBC's Jim Cramer explains where and why the retail sector is seeing a shift.
These 7 stocks take you for a wild ride
Want some stocks that'll make your knuckles turn white? There's a group of stocks waiting for you, USA Today reports.
Accused 'flash crash' trader takes case to court
Navinder Sarao will appear at London's High Court to secure his release from custody.
Many on Wall Street say it remains untamed
A new report suggests that many of the lessons of the financial crisis still haven’t been learned.
Monday, May 18, 2015
Hedge funds are beating the S&P 500; here's how
Stock-picking hedge funds are finally beating low-cost equity index funds this year—here's how the best did it.
Remember Facebook's IPO? That was 3 years ago
Three years after its initial public offering, Facebook shares are up more than 100 percent, re/code reports.
Goldman: Market's going nowhere for a year
Goldman Sachs analysts believe the S&P may climb a bit higher before its ascent is over for the next 12 months.
FTC urges court to guard RadioShack customers info
The FTC urged a bankruptcy court to protect information that RadioShack collected from millions of customers.
Top tech investor loses two executives
A high-flying private investment firm known for its prescient bets on tech is losing two of its top executives.
Portfolio manager: I hope Icahn's right about Apple
Gavin Baker said he hopes Carl Icahn's bullish call on Apple turns out to be correct, and here's why.
Proof! CEOs hurt companies by golfing too much
Executives who use their time to lower their handicaps also often lower their firms' returns, a study shows.
Cramer: Ascena needed to buy Ann
CNBC's Jim Cramer explains why he thinks Ascena's acquisition was a necessary play.
Investors more like 'Homer Simpson' than 'Spock'
This "Simpsons" and "Star Trek" analogy sums up behavioral economics, says the founding father of the discipline.
Everything you need to know about the 'wife bonus'
A wife bonus might be distributed on how well her husband's fund had done and her own performance, the NYT reports.
Endo to buy Par Pharmaceuticals for $8.05B
Endo International said it would buy Par Pharmaceutical Holdings from TPG Capital for $8.05 billion, including debt.
Whale watch: Top hedge funds continue to dump Apple
Top U.S. hedge fund investors and activists took new positions or raised their equity stakes in fast food chain McDonald's in first quarter.
Did SocGen know what rogue trader Kerviel was up to?
Societe Generale knew rogue trader Jerome Kerviel was placing high-risk bets, Liberation reports.
Sunday, May 17, 2015
Fed should aim to overshoot 2% inflation: Evans
Faced with inflation running too low for too long, the Fed should aim to boost inflation by keeping interest rates near zero, a top policymaker said.
Saturday, May 16, 2015
How to protect your career from the next crash
Economic shock fears? The jobs that can survive another blow.
Friday, May 15, 2015
Fed likely to hit brakes after bad data
With U.S. industrial production falling for a fifth-straight month, the Fed might rethink rate hikes.
Here's where the bubbles are—and aren't: Citi
At least one Wall Street firm is acknowledging that prices in some areas are getting overblown.
All hail Ken Griffin, the new hedge fund king
Seven years removed from a near-death experience during the financial crisis, Citadel is more powerful than ever.
Bernanke slams Warren's new Fed bill
The former Fed chairman decried proposed legislation that would limit the U.S. central bank's lending authority during a crisis.
HSBC's ultra-rich unit to get new leader
HSBC, one of the largest hedge fund investors in the world, has changed the leadership of a key private banking unit.
What the new VIX ETF means for investors
There's a new ETF launching next Tuesday, which allows investors to invest in the well-known CBOE Volatility Index.
Icahn invests $100M in ride-sharing company Lyft
Lyft, the San Francisco-based ride-sharing company, announced Friday it had secured $100 million in funding from investor Carl Icahn.
Cramer: About time Netflix made it to China
CNBC's Jim Cramer explains why Netlix's move on China is long overdue.
Dalio's Bridgewater: We're not in a bubble
The largest hedge fund manager in the world is convinced the market is not a bubble about to burst.
US M&A soars 48% in 2015; highest since 2007
Dealmaking has climbed 48 percent year-on-year to $565.6 billion following a string of multi-billion dollar deals.
Here are 11 overachieving companies
There are 11 companies where analysts have boosted their profit forecasts for the second quarter, USA Today reports.
BofA opens private fund-raising arm for start-ups
Bank of America Merrill Lynch has set up a group to help companies raise money through private fund-raising, the NYT reports.
Thursday, May 14, 2015
OCBC warns of tough credit environment ahead
Ahead of a transition back to normal interest rates, Singapore's Oversea-Chinese Banking (OCBC) is cautious of the credit environment ahead.
Japan trading firms to cut investments, sell assets
Japan's big trading houses, stung by large asset writedowns, plan to step up asset sales and wind back investment spending.
Today's Bonnie and Clydes getting tougher to find
Banks have gotten safer in more ways than one since the financial crisis.
Expect this space to surge: Qualcomm Prez
Consumers and investors should expect the "Internet of Everything" space to grow significantly, Derek Aberle says.
The escort indicator: Wall Street is booming again
Wall Street escorts say business is booming again—bonuses were very good this year. Plus, you won't believe how much they make per hour.
Active managers beating the market! (Well, almost)
A lackluster year for the stock market has turned into a strong one for active fund managers.
Why Jim Cramer loves these burgers
Here's why CNBC's Jim Cramer says investors shouldn't short Shake Shack.
Kohl's same-store sales nipped by cold February
Department store operator Kohl's quarterly same-store sales were hurt by colder-than-usual weather in February.
Strategists bail on emerging market currencies
The key is to look at the dollar move in the context of a longer-term trend, strategists told CNBC.
5 banks expected to plead guilty to felony charges
Five of the world's biggest banks will plead guilty to an array of antitrust and fraud charges as soon as next week, the New York Times reports.
Wednesday, May 13, 2015
Sales bummer adds to bleak economic outlook
Experts who blamed the economic slowdown this year on the brutal winter weather are being left out in the cold.
April retail sales spell bad news for Q2 GDP
What happened to retail? It looks sluggish, despite a lot of noise.
Greenspan: Get ready for another taper tantrum
Another market disruption from higher interest rates is virtually certain, according to Alan Greenspan.
Dick Grasso: $4T question nobody is asking the Fed
Former NYSE boss Dick Grasso tells CNBC he's worried about how the Fed plans to reduce its $4.4 trillion balance sheet.
Cramer: Don’t sell Macy’s stock
CNBC's Jim Cramer explains why investors should not sell Macy's shares despite its disappointing first-quarter results.
Airline fees not going away: Delta CEO
Airline fees are here to stay for one specific reason, Delta Air Lines CEO Richard Anderson said.
Danaher to buy Pall Corp. for $13.8 billion
Danaher announced plans to acquire fluid-filtration system maker Pall Corp. for $13.8 billion in cash.
'Flash crash' accused trader seeks release
The trader fighting extradition to the U.S. will seek his release from custody.
Tuesday, May 12, 2015
Carlyle's Rubenstein: Brazil best despite problems
Brazil is hardly a consensus target for investment, but some are willing to be brave in spite of recent problems.
Banks not buying what the US government is selling
Total U.S. government debt holdings by the 18 largest banks declined by $2.6 billion in the first quarter.
THIS will be critical for space travel: SpaceX exec
This is the crucial factor for space travel proliferation, says SpaceX president and COO Gwynne Shotwell.
Fed's Williams argues for earlier rate hike
The Fed hiking interest rates "a bit earlier" allows the U.S. central bank to increase rates more gradually, a top official said.
China outlook even worse than imagined: Analyst
The worst of the Chinese slowdown is still ahead because of the nation's debt, according to a Morgan Stanley strategist.
Time for the Fed to test the rate-hike waters?
The economic environment is changing and it could be time for the Fed to test the rate-hike waters, says Ron Insana.
A $10 billion bid in works for this filter company
Pall could be valued at more than $10 billion after the filter maker fields bids from multiple potential buyers.
Judge: Banks misled Fannie, Freddie in 2008
Nomura Holdings, Royal Bank of Scotland mortgage bonds contained misrepresentations in 2008, says judge. New York Times reports.
Rising bond yields are giving traders a headache
Global bond yields are again rising, roiling stock markets in Europe and the United States.
Cramer: Why Verizon/AOL deal 'brilliant'
CNBC's Jim Cramer explains why the Verizon/AOL merger will benefit both parties.
Fed said to have emergency default plan in place
The Fed drew up extensive plans for handling a U.S. debt default that included scheduling deferred payments.
10 companies killing it this earnings season
These companies doubled their adjusted profit from a year ago and beat profit expectations. USA Today reports.
Verizon to buy AOL for $4.4 billion
Telecom giant Verizon announced Tuesday it will be buying AOL for $50 per share, or about $4.4 billion.
BHP Billiton to reduce spending
BHP Billiton said it would cut its capital and exploration expenditure to $9 billion in the 2016 financial year from $12.6 billion in 2015.
Fed faces heightened scrutiny from Congress
The Fed would be forced to explain its monetary policy decisions to Congress in unprecedented detail under a draft Republican bill. The FT reports.
Fed's Dudley applauds 2015 rate hike consensus
A Federal Reserve official said Tuesday he does not know when rates will rise, but applauded a consensus that it will happen later in 2015.
Monday, May 11, 2015
Analysts: Earnings will be lousy in Q2—Here's why
Earnings in the second quarter will not be the same as the first, but analysts don't believe it.
Calling the death of bonds (and missing) again
Investors refuse to buy into the notion that the bond bull market is dead.
Madoff aide who pleaded guilty in fraud dies
Frank DiPascali Jr., a Madoff aide who pleaded guilty, died on Thursday due to lung cancer, The New York Times reports.
Fed's Williams: Jobs report shows 'good momentum'
When asked about the prospect of a near-term rate hike, Williams brandished a T-shirt that read "Monetary Policy It's Data Dependent."
Traders look to retailers to move markets to highs
Consumers seem to be spending money on cars, student loans, electronics and dining, but not on retail in general.
Cramer: Looking for 'no news is good news' rally
CNBC's Jim Cramer explains why a "no news is good news" rally may be coming.
Citigroup says could plead guilty to settle FX probe
Citigroup could plead guilty to an antitrust charge to resolve a U.S. Department of Justice investigation of its dealings in foreign exchange markets.
Comcast names new CFO
Comcast said Monday it has named Michael Cavanagh as its new chief financial officer.
Goldman expected to settle forex suit for $130M
Goldman Sachs is expected to pay $129.5 million to settle its portion of a lawsuit that accuses banks of rigging prices in the forex market.
Banks prepare defense for anti-Street campaigns
Top U.S. bank execs are working to push back against "banks are bad" election rhetoric, The Wall Street Journal reports.
Despite economy rebound, small biz is feeling down
Lower revenues and a dip in credit expectations contributed to the decline in confidence, Wells Fargo said.
DTZ buys Cushman & Wakefield in $2B deal
Italy's Agnelli family has agreed to sell real estate services group Cushman & Wakefield to DTZ in a deal that values the U.S.-based firm at around $2 billion.
Uber funds highlight the speedy pace of investments
Uber, Yik Yak and others have raised more money in less time, driven by money flowing in from hedge funds, strategic investors and more.
Sunday, May 10, 2015
Osborne may sell RBS shares at a loss: Report
The U.K. Chancellor may sell state-owned shares in RBS at a loss as part of plans for an accelerated sale of government holdings in the sector.
Saturday, May 9, 2015
Visa in talks to buy former Europe unit
Visa is in early-stage talks to buy its former European subsidiary in a deal that could be worth as much as $20bn, sources said.
Friday, May 8, 2015
Greek reform not going fast enough: Moscovici
Greece's economic reform is not going fast or far enough, EU's Pierre Moscovici said.
Tempur Sealy shareholders to remove CEO from board
Tempur Sealy International's shareholders voted to remove CEO Mark Sarvary from its board.
Broadcast still best bet for advertising: CBS CEO
CBS chief Les Moonves says broadcast TV remains the best bet for advertising because of one key factor.
Puerto Rico may run out of cash by Sept: Gov. bank
Puerto Rico is set to run out of cash by the end of September without additional financing, its fiscal agent said.
Cramer: Want to buy a Dow stock? Try McDonald’s
Jim Cramer said investors looking to own a blue-chip stock should consider investing in McDonald's, and here's why.
Jobs report just put Fed in a bad spot
The 223k jobs created in April was weaker than the 2014 average. And that puts the Fed in a tough spot, says economist Peter Morici.
Jobs report takeaway: Q1 weakness might be isolated
S&P futures moved almost 10 points on the April nonfarm payroll report of 223,000
Bank of America, JPMorgan to kill 'zombie debt'
Two of the nation's biggest banks will finally put to rest the zombies of consumer debt — potentially providing relief to more than a million people.
Thursday, May 7, 2015
Hedgie: This biotech stock is going to zero
The hedge fund manager who has already made a killing betting against MannKind now says the stock will soon be worth $0.
Hedge funds are the new banks for small business
Hedge and private equity funds are filling the void left by banks in lending to small and medium-size business.
Wary of bond 'cliff,' Fed plans cuts to portfolio
The Fed is trying to contract its balance sheet in a way that will help prevent a disruption of the U.S. economy.
Fed's Evans: Why rate hikes should wait until 2016
Chicago Fed President Charles Evans tells CNBC the Fed should push any interest rate hike into next year.
SEC Oks change in how small-cap stocks are traded
The Securities and Exchange Commission approved a long-awaited program to trade small cap stocks in increments of five cents, rather than a penny.
Hedge fund guru Loeb: Buffett's a 'hypocrite'
Hedge fund mogul Daniel Loeb on Wednesday took aim at the "Oracle of Omaha," calling beloved billionaire Warren Buffett a hypocrite.
ING reports better-than-expected bank results
The Netherlands' largest financial group reported strong first-quarter profit for its banking arm, buoyed by underlying growth and capital gains.
Wednesday, May 6, 2015
NAB announces $4.4B rights issue; to float UK unit
Australia's NAB said it plans to raise A$5.5 billion in a rights issue as it looks to demerge and float its troubled British unit.
Keurig shares plunge 12% on earnings, revenue miss
Keurig Green Mountain, the maker of K-Cup single-serve coffee pods, reported a 4 percent fall in quarterly profit due to higher costs.
Fed's Lockhart: Hikes depend on consumer spending
The Fed is looking for consumer spending to accelerate, with any rate hikes contingent on a pick-up, Atlanta Fed President Dennis Lockhart said.
JPM probed over role in French tax evasion case
JPMorgan Chase has been placed under investigation as part of a probe into alleged tax evasion by managers at Wendel.
AB InBev profits from Brazil prices
Anheuser-Busch InBev increased profit by more than expected as it lifted prices and sold more premium lagers in Brazil and China.
Wall Street watchdog calls out LPL for risky ETFs
Financial company must pay $11.7 million for "widespread supervisory failures."
Cramer: Don’t like oil rising every day—here’s why
CNBC's Jim Cramer explains why he does not like oil prices rising every day.
Where Wall Street money may be headed
Miami and Palm Beach have aggressively courted hedge funds to ditch the Northeast for warmer climes, but is it working?
Yellen: Regulators making progress in bank reforms
The Fed chair said the Fed and other regulators have made significant progress in correcting flaws in the financial system.
Apple announces 7-part bond for buybacks, dividends
Apple announced a seven-tranche U.S. dollar benchmark bond to finance the repurchase of stock and dividends.
Tuesday, May 5, 2015
SEC commish blasts Dodd-Frank as huge 'distraction'
SEC staff has been consumed by writing rules for Dodd-Frank, to the detriment of everything else, the SEC commissioner tells Bob Pisani.
'Flash crash' 5 years later: What have we learned?
Can it happen again? Sure it could, but the chances that it would happen in the manner it happened have been reduced. Here's why.
Herbalife raises 2015 guidance, shares jump 16%
Wall Street expected the embattled health supplement firm to post quarterly profits of $1 per share and revenue of $1.09 billion.
Stocks are having a bit of a hissy fit over higher yields
One factor is oil, moving to year's highs, along with a rise in other commodities, all of which ignites a debate about inflation.
Illinois, Chicago are $130B underfunded: Advisor
Both the city of Chicago and the state of Illinois are about $130 billion underfunded, says Mike "Mish" Shedlock.
Darden CEO: Why oil hasn’t helped restaurant biz
Gene Lee, Darden's CEO, explained why lower oil prices have not helped the restaurant industry grow.
Ron Insana: Jobs report may tip the Fed's hand
Friday’s jobs report could very well be a tipping point in determining the timing of the Federal Reserve’s first rate hike, says Ron Insana.
Los Angeles sues Wells Fargo for unlawful conduct
The lawsuit alleges that employees misused customers' confidential information, according to the paper.
Big money managers clash on climate change
Managers of institutional funds from California, Texas and North Carolina have very different views on global warming.
Cramer: BofA Netflix upgrade is shocking
"This was just an extraordinary reversal of how a guy feels about a stock," Cramer said.
9 'Avenger stocks' strike back with riches
Each of these stocks were down 5% or more for the year a month ago—but have rallied back. USA Today reports.
Gundlach likes a bond play that most would fear
Jeffrey Gundlach has made a bold recommendation to investors: Buy Puerto Rican bonds. Here's his thinking.
The richest hedge fund manager is...
The 25 managers on the list made $11.62 billion, which was only a bit more than half of what last year's group pulled in.
KKR merges teams after more leaders step down
KKR said it would merge some of its private equity industry teams in the U.S. after two more of its leaders stepped down.
Morgan Stanley may lose $292M on Deutsche Bank suit
Morgan Stanley said it could lose more than $290 million from a lawsuit by Deutsche Bank National Trust.
Pimco Total Return Fund loses top bond fund title
The Pimco Total Return Fund, launched by Bill Gross, has lost its title as the world's biggest bond mutual fund, following two years of withdrawals.
Monday, May 4, 2015
Yellen met firm at heart of leak probes
Federal Reserve Chair Janet Yellen met with a firm that later published confidential information from the central bank, she said.
The ETF craze just crossed a huge hurdle
Over the past 12 months, mom-and-pop investors put more money into exchange-traded funds than mutual funds.
Cooperman: Bond market is overvalued, stocks fair
Leon Cooperman said the stock market "isn't priced to perfection" but it's fairly valued, unlike the bond market.
Fed's Evans: Here's when rate hike is appropriate
Hiking interest rates does not seem appropriate until next year in the wake of a weak first quarter, a top Fed official said.
Bill Gross: Bull market ending with a 'whimper'
A glum Bill Gross sees both himself and the bull market facing the same long road to oblivion.
Top court rejects homeowner's bankruptcy appeal
The U.S. top court ruled against a man, saying he couldn't appeal a court rejection of his bankruptcy plan.
Buybacks are strong, and may get stronger yet
U.S. corporations continue to buy back stock at a near-record pace. Purchases could ramp up after earnings season blackout periods end.
World Bank's pension investments clash with values
World Bank indirectly invests part of its $18.8 bn staff pension fund in companies in industries, holdings that clash with its own calls.
Cramer: Cisco transition will be 'seamless'
CNBC's Jim Cramer explains why Cisco's transition from its CEO John Chambers to Chuck Robbins will be smooth.
Top court favors Barclays in $4B Lehman dispute
The U.S. Supreme Court allowed Barclays to claim about $4 billion of assets as part of its purchase of much of Lehman Brothers' brokerage unit.
Charlie Munger: No need for US energy independence
Despite its high oil supply, Berkshire Hathaway's Charlie Munger said the U.S. should not become energy independent.
BofA to allow shareholder vote on chairman, CEO role
Bank of America on Monday announced it will allow shareholders to vote on a change in bylaws that gave Brian Moynihan the duel role of CEO and chairman.
AmEx to roll out new loyalty program Plenti
American Express will roll out its new loyalty program, Plenti, allowing U.S. shoppers for the first time to earn rewards points through purchases.
Sunday, May 3, 2015
Charter pursues 'friendly' approach to TWC: Report
Charter is inching toward a 'friendly' merger deal with Time Warner Cable, the Wall Street Journal reported on Sunday.
Charter pursues 'friendly' approach to TWC: Report
Charter is inching toward a 'friendly' merger deal with Time Warner Cable, the Wall Street Journal reported on Sunday.
Friday, May 1, 2015
Housing market getting better: Wells Fargo CEO
While there is a perception credit is not available, it is more available now and at great rates, the Wells Fargo CEO said.
Chase, Capital One report websites down
Customers had difficulty accessing some JPMorgan Chase and Capital One online banking services on Friday.
Career slump? Customize a new one!
Wendy Raizin walked away from a successful career as an arbitrage trader to open her own design consulting firm.
How old? Popular site hits, and misses, CEO ages
A new online tool from Microsoft tells users how old they look. CNBC.com used it to see which CEOs could use some extra vacation.
Wall St getting bitter dose of economic reality
Wall Street is slowly coming to a grips not with breakout growth but with more mediocrity that could keep rates on hold.
Don't bet on the Apple Watch ... yet: Analyst
UBS' Steven Milunovich said he expects Apple Watch shipments to be weak ... for now.
Winning and losing picks from last Sohn conference
With the S&P 500 advancing 11 percent since last year's Sohn Conference, here are the winners and losers for the year.
LinkedIn follows Twitter, shocks investors
Shares of LinkedIn fell 20 percent in early trading on Friday, wiping out more than $6 billion of market value.
Cramer: How Tesla could 'break the power grid'
CNBC's Jim Cramer explains how the auto company could fundamentally change energy consumption in the U.S.
Sell in May and go away? More to it than that
Here's how the old adage "Sell in May and go away" stacks up over the last 20 May-to-October periods
Dan Loeb's Third Point buys Yum, Devon, Japan
Third Point has taken new positions in Yum! Brands andDevon Energy while adding to stakes in Japan, per a new letter.
Sharing is caring: Co-workers split $58M prize
After about five years of pooling lottery money, a group of co-workers has finally hit the jackpot. NBC New York reports.
Pfizer mystery bidder for drugmaker Sobi: Sources
Pfizer is the bidder for Sobi, which disclosed that a potential buyer had made an offer, sources said.
Buffett CEOs: US consumer healthy, but ...
Benjamin Moore CEO Michael Searles tells CNBC that higher household formations show the U.S. consumer is doing better.
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