Tuesday, June 30, 2015
Pisani: Stocks deep in Greek drama
We are past the point of farce on Greece, but the story line just keeps getting weirder.
Fed's Fischer: Will consider rate hikes soon
The Fed will consider rate hikes at upcoming policy meetings, but is weighing the risks of moving too early, a top Fed official said.
Investors scramble to avoid Puerto Rico losses
Puerto Rico isn't turning out to be the golden opportunity hedge funds and other big money investors once thought it was.
Bill Gross: Six conditions for a bond crisis
Bill Gross thinks conditions are ripe for a crisis, and he points a finger at Pimco to be at the center of the storm.
Yellen may have just gotten her excuse: Ex-Fed gov
The Greek debt crisis might delay the central bank from increasing rates, said former Fed Gov. Larry Lindsey.
Uber shows $470M in operating losses: Report
Uber told investors it is generating $470 million in operating losses on $415 million in revenue, Bloomberg reported.
Puerto Rico more important than Greece: Cramer
CNBC's Jim Cramer explains why the Puerto Rico situation is more important than Greece or China.
Stocks in the first half offer a very mixed bag
If there was ever an argument for owning a broad portfolio of stocks, the first half of 2015 is Exhibit 1.
Heinz executives to dominate Kraft Heinz leadership
The leadership of Kraft Heinz will be dominated with Kraft Foods Group, both companies said.
McConnell: Export-Import Bank supporters have votes
Senate Majority Leader Mitch McConnell says the supporters of the Export-Import Bank have the votes to revive it.
$18M verdict in Wall Street sex harassment suit
A young woman who sued her former executive boss over allegations of sexual conquest, betrayal and stalking was awarded $18 million by a federal jury.
M&A close to record in Q2 amid mega deals
Mergers and acquisitions worldwide in the second quarter of 2015 almost matched the record set in the second quarter of 2007.
Monday, June 29, 2015
In 'Little Athens,' Greeks torn over debt crisis
For residents of New York's "Little Athens," Greece's debt crisis hits close to home.
The Fed to be 'data dependent'? No...not really
If history holds, "data dependent" is more campaign slogan than policy standard.
Entrepreneurs await fate of Ex-Im Bank
The government-backed Export-Import Bank, which helps small businesses overseas, may not be able to do new business soon.
Macy's downgrade is 'shocking': Cramer
CNBC's Jim Cramer explains why Deutsche Bank's downgrade is "shocking."
LeBron to opt out of contract: Report
LeBron James is opting out of his contract with the Cleveland Cavaliers, USA Today reports.
Markets calm about Greece, but don't be complacent
If Greece leaves the euro, this will be a rolling crisis, not one that ends next Monday.
Element to buy GE Capital's fleet ops for C$8.6B
Canada's Element Financial said it will buy General Electric's fleet management operations.
China trumps West in global bank ratings
Western banks are losing ground to China, as the world's second-biggest economy vies to establish its economic influence.
Alternative investment to boom in next 5 years
The alternative investment industry, is expected to grow fivefold to at least $13.6 trillion in five years.
NY bank watchdog sinks teeth into Isdafix rigging
New York's banking regulator is probing an emerging benchmark trading scandal, the FT reports.
Sunday, June 28, 2015
China asserts soft power with largest AIIB stake
China will hold a 30.34 percent stake in the AIIB, making Beijing the largest shareholder that will project the country's growing soft power.
Friday, June 26, 2015
Hedge fund pros thrilled by gay marriage ruling
Hedge fund managers like Paul Singer, Dan Loeb and Seth Klarman have been big backers of gay marriage in recent years.
John Paulson riding health-care wave with new fund
Billionaire investor John Paulson is looking to make more money on health care.
Cramer: Nike earnings are ‘Jordan shoe on steroids’
CNBC's Jim Cramer explains how Nike was able to beat analysts' estimates so handily.
Morgan Stanley: It's no time to buy Chinese stocks
Morgan Stanley said investors should not buy Friday's pullback in Chinese stocks because the market has topped.
Why ‘sell’ recommendations are on endangered list
Equity research teams are clinging to "buys" and "holds" because they do not want to upset colleagues, the FT reports.
Airbnb closes in on $1.5B fundraising
Airbnb is on the brink of agreeing a massive $1.5 billion fundraising that would boost its valuation to $24 billion.
Buyback boom giving market less bang
Companies are still choosing to focus on boosting share price rather than make longer-term investments.
US taxable bond funds attract $3.4B in week: Lipper
Investors in U.S.-based funds poured $3.4 billion into bond funds in the week ended June 24, marking the first inflows into the funds in three weeks.
Thursday, June 25, 2015
Oops! Congressmen fail hedge fund name game
Congressmen slammed Obama administration officials for hiring a failed hedge fund manager, but they made a big mistake.
These do-gooder investors are making money, too
There's now more data to support the idea that doing well and doing good are not mutually exclusive.
What Wall Street's reading this summer
Thrillers? Romance? Here's what Wall Street's reading at the beach this summer.
Cramer’s new position on Fed rate hike: Go now
CNBC's Jim Cramer has had a change in heart about when the Fed should raise rates after seeing more positive economic data.
Citigroup combines retail banking and mortgage ops
Citigroup will combine its retail banking and mortgage operations under the current global head of retail banking.
Buyers say 'no mas!' to year's biggest IPO day
Eight were scheduled to price overnight, and so far only six have made it.
Could being 'too polite' cost your business money?
New research suggests though that bosses behaving too nicely could cost their company money.
Stock fears: Investors free US stock funds
Mutual fund investors continue to withdraw more money out of U.S. stock funds than they put in, USA Today reports.
Banks scaling down discounts for Russell rebalancing
With the annual rebalance of the Russell stock indexes just a day away, brokerage firms are shaving the discounts they typically offer.
JPMorgan in talks to settle product steering probe
JPMorgan is in talks with regulators to settle a probe by the agency on whether the bank inappropriately advised clients toward its own products.
TransUnion prices IPO at $22.50 per share
Credit bureau TransUnion said its initial public offering has been priced at $22.50 per share, valuing the company at about $4 billion.
Wednesday, June 24, 2015
China scraps banks' loan-to-deposit ratio
China is set to scrap its longstanding loan-to-deposit ratio requirement for banks, marking another step in reforming the sector.
A smart move to own bank stocks: Analyst
As the bank rally continues, CLSA's Mike Mayo explains that investing in bank stocks is a smart decision.
Hedge funds unfazed as Greece drama continues
The small group of hedge funds betting on a Greek recovery remain in the trade despite a looming default deadline.
Warning: Today's winners will be tomorrow's losers
Past performance in fact does seem to provide a good indicator of future results, just not in the way you might think.
Carl Icahn sells last of Netflix shares
Investor Carl Icahn said Wednesday he sold his remaining shares of Netflix.
Puerto Rico's PREPA, creditors to meet Thursday
Puerto Rico's distressed power authoritywill meet in New York on Thursday with its creditors.
Cramer: Netflix stock split ‘cosmetic’
CNBC's Jim Cramer explains why investors shouldn't get too excited about Netflix's stock split.
Greece's debt crisis: It all started in 2001…
As talks with Greece and its creditors reignite, CNBC takes a look at where Greece's debt problems began...
Tuesday, June 23, 2015
BlueMountain, Citadel, Pimco subpoenaed: Report
BlueMountain, Citadel, and Pimco were subpoenaed in an investor lawsuit about credit swaps, Dow Jones reported, citing sources.
Pisani: Bank rally may have more room to run
It may be a lackluster trading day, but once again banks are rallying to new highs.
Companies using secondary offerings to buy assets
Much of the proceeds from the massive secondary offering market are being used to buy hotels, pipelines and retirement centers.
Cramer: Darden Q4 was great—here's why
CNBC's Jim Cramer explains why Darden's fourth-quarter earnings results were great.
10 sky-high stocks can go to the moon
Some stocks slip back down after hitting record highs. Here are the stocks investors think will still grow, USA Today reports.
BlackBerry earnings, revenue miss expectations
BlackBerry reported a quarterly loss that was slightly larger than analysts had forecast, while revenue fell short of expectations.
Monday, June 22, 2015
Psst! Here's the secret about Greek debt drama
The first thing to know about the Greece story is that it's not really about Greece.
Europe closes at the highs: 'What? Me, Worry?'
European markets went into the close at the highs for the day as yet another comical round of "What? Me, worry?" plays out in Europe.
US consumption not accelerated after slowdown: NY Fed
U.S. real consumption expenditures haven't accelerated since the slowdown, according to the New York Federal Reserve.
European leaders dangle the ultimate carrot
Greece could get a third bailout deal, an outcome that may cause European stocks to rally.
Fitbit stock jumps again at open
Shares of wearables maker Fitbit opened up more than 10 percent on Monday.
Williams rejects ETE bid, considers company sale
Williams rejected a $48 billion buyout offer from Energy Transfer Equity.
Saturday, June 20, 2015
Rand Paul taps hedge fund hotshot as econ advisor
Mark Spitznagel, the libertarian hedge fund manager, has a new part time job: economic advisor to Rand Paul.
Friday, June 19, 2015
Advice from the 'Great Minds of Investing'
Who does Warren Buffett read for investing tips? Advice from three of the "Great Minds of Investing."
Analyst: What 'Inside Out' means for DIS investors
Pixar's latest film will bring a slight boost to Disney's bottom line, FBR Capital Markets' Barton Crockett said.
Paulsen: Fed missed its 'exit ramp' to raise rates
Now that earnings are flat-lining, the market may not take so kindly to the end of historically easy monetary policy.
Want that bonus? Ditch the Hawaiian shirt
On Wall Street, Casual Fridays can't make your career, but they can certainly BREAK it, says Turney Duff.
Pisani: Here's why the IPO market is heating up
Positive returns for investors are helping the IPO market gather steam after a slow, lackluster start to 2015.
Why ‘Tiger cub’ hedge funds are shutting down
At least 7 hedge funds with ties to Julian Robertson's Tiger Management have shut in recent years, but is it a trend?
Why aren't the markets worried about Greece?
Four factors show up on everyone's list to explain why markets are sanguine about a Grexit.
Cramer: Greek default? We're ready for it
With the situation in Greece growing more tense, CNBC's Jim Cramer says the outcome may not be as bad as originally feared.
Jana Partners takes ConAgra stake
Jana Partners took a stake in ConAgra Foods and said it was prepared to nominate directors to the company's board.
Citigroup shifts European retail banking to Dublin
Citigroup is planning to shift the headquarters of its European retail banking operation from London to benefit from lower costs.
Thursday, June 18, 2015
Bitcoin could shift balance of power in Greece
With Greek banks facing crisis, citizens could find bitcoin a safer alternative for their money, says "Fast Money" trader Brian Kelly.
Fitbit opens 52% higher in market debut
Shares of Fitbit opened 52 percent above their IPO price, putting it on track to rank among the top 10 debuts of the year.
Cramer: Here’s the big takeaway from Fed statement
CNBC's Jim Cramer explains why this is the main takeaway from the Fed's announcement.
Fitbit makes for happy faces at the NYSE
There are a lot of happy people on the floor of the New York Stock Exchange today, and here's why.
Fed may step on gas once rate hikes start: JPMorgan
The Fed could increase a key short-term rate to 2 percent by the end of 2016, says JPMorgan's chief U.S. economist.
Airbnb seeking $1 billion more in financing
Airbnb is in talks to raise $1 billion in venture capital, the New York Times reports.
Wednesday, June 17, 2015
Why I won’t lower rates ‘fast’: Russia Central Bank
Those expecting further swingeing interest rate cuts from Russia as the country’s inflation slows, may be disappointed.
Yellen: Focus on path of hikes, not the first one
Keeping a tight lid on its intentions, the Fed on Wednesday held interest rates steady at zero.
Hey, Fed—Wake me up when September ends
The Fed's latest statement suggests there won't be any rate action this summer, says Ron Insana.
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 April 29.
Amex loses request to block US card injunction
American Express lost its bid to block a judge's ruling that lets merchants steer customers away from using its cards.
Banks' forex settlements near $2B: Report
The amount to settle a lawsuit related to allegations that traders manipulated the currency market is almost $2 billion.
Why energy stocks are having trouble rallying
Pricing and volume action in oil stocks indicate investors have turned doubtful of the hoped-for 2016 recovery in production volumes.
Cramer: Allergan deal about ‘facial domination’
Allergan's acquisition of Kythera expands the company's footprint of the facial treatment space, CNBC's Jim Cramer said.
Goldman to summer interns: Go home at night!
Goldman Sachs has told its summer investment banking interns not to stay in the office overnight in a bid to improve working conditions for its junior staff.
Chicken is getting cheaper...thanks to bird flu
A bird flu outbreak in the Midwest has actually resulted in cheaper chicken in the U.S.
Top US bank executives abandon share sale taboo
Analysis by the FT of insider selling at the biggest U.S. banks show that many execs have offloaded lots of stock.
Tuesday, June 16, 2015
Bond markets and Fed in uneasy dialogue
Several signs are indicating that the wary dialog between bond markets and the Federal Reserve's monetary policy has entered uncharted territory.
Experts: What to expect from the Fed meeting
Expect the Federal Reserve to "pave the way" for a rate hike to soften potential market havoc down the road, an expert said.
Hedge fund spends big for these stock ideas
Some $70 million in research by Coatue Management this year has so far yielded three themes for investing in technology.
Misfit CEO: This is key for wearables
While the wearables market has recently expanded, Misfit's Sonny Vu said wearables need more utility.
At stake in a financial meltdown: $26 trillion?
As the system keeps getting bigger, so does the amount for which taxpayers would be exposed should things go haywire.
Bove: Pay attention to the Fed's hidden policy
Dick Bove says one major impact of the Fed's actions on monetary policy is hardly ever discussed. He reveals it here.
Big money not preparing for big exit by Greece
Hedge funds and other investors are taking down market risk, according to a new survey, but remain optimistic overall.
Fitbit IPO goes from walking to running
Fitbit is scheduled to hold its initial public offering Thursday and things are only heating up.
Cramer: Greece default coming—here’s why
It's time to come to grips with the fact that Greece will likely default on its debt, CNBC's Jim Cramer says.
Why traders shouldn't get comfortable with Grexit
Traders are so fed up with Greece's debt drama they don't want to talk about it anymore and have run out of things to say.
CME boss losing faith in Fed hike soft landing
"We could see some knee-jerk reactions coming up either later this year or sometime next," CME's Terry Duffy tells CNBC.
Apple investor caught on $1.8M insider tip
The SEC charged a Swiss man for allegedly illegally scoring a $1.8 million profit on a tip, USA Today reports.
FitBit raises IPO price range to $19 per share
FitBit has raised its price range for shares in its initial public offering (IPO) to $17 to $19 per share, the company said Tuesday.
Goldman is getting into the online loan business
The low-cost unit will allow Goldman to charge lower interest rates and still make a profit. But the venture holds risks.
Surprise ruling in A.I.G. case that could end bailouts
The judge's decision in the A.I.G case could have far-reaching consequences should another financial crisis occur.
Monday, June 15, 2015
Wall Street casts its vote early—for Jeb Bush
Jeb Bush launched his presidential bid Monday, but his campaign has already attracted lots of Wall Street money.
Fed's worst nightmare: The 'ghost of 1937'
"A tardy Fed has a good chance of proving bearish for bonds and, longer term, for equities as well," one pro said.
These investors like Greece debt talks breakdown
A handful of hedge funds continues to view uncertainty in Greece as a chance to make money off market fear.
No damages awarded in lawsuit over AIG bailout
A U.S. judge awarded no damages in a lawsuit over AIG's bailout.
Standard Pacific-Ryland: a rare home builder merger
Mergers are fairly rare in the home building space because builders mostly want land and do not want to pay a premium for operations.
Dollar's rampage costs companies billions: Study
It's become clear just how much havoc a strong dollar is wreaking on corporate America.
Friday, June 12, 2015
Here's why financials are moving higher: Darst
The financials were the best performing sector of the week, and it wasn't just in anticipation of rising rates, David Darst said.
Greek drama sets up market opportunity for hedgies
A handful of hedge funds continues to view uncertainty in Greece as a chance to make money off market fear.
This group of active managers is killing it
Active management is looking good after years of misery, though the picture isn't as rosy as it was a few months ago.
Food for thought: Investors love restaurant stocks
Fast casual chicken restaurant Wingstop debuts on the Nasdaq Friday, following a string of successful IPOs in the space.
Four ways Twitter can win back investors
Here are four things Twitter needs to do to win back investors, says Michael Yoshikami.
Thursday, June 11, 2015
India's push to offer banking for all stumbles
More than half of a record 160 million bank accounts opened in India as part of a drive to offer banking to all are still empty.
Here is Twitter's biggest problem
Twitter is awesome but it's broken, says Stephen Bradley. Here's the biggest problem it needs to fix.
Blackstone hire part of big Nigeria push
Blackstone Group has strengthened its ties to Nigeria, the West African country where it could put big money to work.
How the Fed screwed up the bond market
Recent weeks have marked concern that the real challenges for bonds are closer than any time since the financial crisis.
'Green' Google eyes huge Africa energy project
Google is in talks to back the largest wind power project in Africa, according to people familiar with the situation.
Retail stock investors having a tough year
May retail sales were in line with expectations, but this has been a very uneven year for retail equities.
RBS share sale: What could put off investors?
The UK government will put its Royal Bank of Scotland shares on the block over the next few years – but will investors want to buy into the stock?
Britain raises $1.2B from Royal Mail stake sale
Britain has raised $1.2 billion by selling half of its 30 percent stake in Royal Mail, it said on Thursday.
Wednesday, June 10, 2015
George Osborne ready to sell off RBS at a loss
George Osborne aims to start selling the state's £32 billion stake in Royal Bank of Scotland at a loss.
Pisani: Broad rally, but enthusiasm is missing
Stocks opened strong and closed strong...with more than 3 stocks advancing for each 1 declining.
Hey, summer interns! Get THIS right. Seriously.
Veteran trader Raj Malhotra offers up some key advice for the summer interns if they want a full-time job on Wall Street.
Got a PhD? The Dallas Fed is still hiring
The Federal Reserve bank's search for a new president is entering its eighth month after the retirement of Richard Fisher.
Tesla meeting's big takeaway: Analyst
There is one piece of news from Tesla's shareholder meeting that may have been overlooked, analyst Jamie Albertine said.
Why lower gas prices haven't boosted spending
Anyone waiting for that big economic boost from lower gas prices ought to stop holding their breath.
Cramer: Might be time to stay away from retail
CNBC's Jim Cramer explains why investors may want to steer clear of retail stocks.
Japanese investors give thumbs-up to Abenomics
What do investors in Japan actually think? A new survey explains.
MSCI's China indexing decision disappoints traders
MSCI's decision to postpone including China mainland shares in its indexing scheme is disappointing, but not irrational.
Wall St courts start-ups it may have ignored
There is a recognition across Wall Street that the habit of ignoring these upstarts may be foolhardy, the NYT reports.
Gundlach sees odds of Fed hike by Dec below 50%
The CEO of DoubleLine Capital said he still believes the Fed will probably not raise rates this year, in part because of a lack of wage inflation.
China's economy to pick up in H2: C.bank economists
Economists at China's central bank have sharply lowered their 2015 inflation forecast.
Tuesday, June 9, 2015
S&P lowers ratings of Barclays, Deutsche and RBS
Ratings agency Standard & Poor's downgraded several U.K. and German banks, including Deutsche Bank and Barclays.
CFO to CMO: Money men grab more power
Twitter just added marketing to its finance chief's to-do list. In a data-driven world, the move makes sense, this software exec says.
Regional US banks face hit from overdraft rules
U.S. regional banks could lose a big source of earnings when new overdraft rules fees come into effect.
US Bancorp CEO: We're excited for higher rates
With the Fed expected to raise rates, U.S. Bancorp is bracing for a bump in its lending and savings businesses.
China cyberhack gives huge boost to this ETF
There has been one clear winner in China's hack of federal employee personal data, and it's come from an unlikely place.
What 'tantrum'? Investors still love bond funds
The bond market may be in turmoil, but investors don't seem to care.
Stay away from these 11 stocks: Experts
There are 11 stocks that get the lowest rating from analysts and are expected to trade even lower, USAT reports.
Cramer: Be careful with Lululemon
Investors should remain skeptical about buying Lululemon stock despite its most-recent earnings beat, Jim Cramer says.
Trendless market showing some weak spots
Major averages are not near correction, but several interest-rate sensitive sectors are showing signs of weakness.
Best way to bet on the future of 'Big Data'
A new analysis from JPMorgan shows Big Data is taking over. Here's how to play it.
Ex-Centrica boss heads $5B energy investment fund
The former boss of British energy company Centrica Sam Laidlaw will head a new $5 billion energy investment fund.
Italian FinMin: We're not the next Greece
Pier Carlo Padoan said there is no way Italy will follow in Greece's footsteps if it does leave the euro zone.
Bove: Investors missing 'tremendous' value in banks
Low interest rates and concerns about future litigation are no reason to turn a blind eye to bank stocks, Dick Bove tells CNBC.
‘Punk is dead’: Sex Pistols credit cards slammed
Virgin Money is hawking a line of credit cards featuring two of the iconic punk band’s albums.
GE confirms deal to sell finance business for $12B
General Electric on Tuesday confirmed a deal to sell its sponsor finance business to the Canada Pension Plan Investment Board for about $12 billion.
Why mergers might not signal optimism
In contrast to previous merger booms, this recent spate of deals shouldn't necessarily be considered a barometer of a healthy economy.
HSBC to cut 25,000 jobs, slash billions from costs
HSBC will cut costs by as much as $5 billion, laying off as many as 25,000 staff, the banking behemoth has told investors.
Monday, June 8, 2015
Fed 'dove' Kocherlakota returning to academia
Fed's Kocherlakota is returning to academia after trying to persuade his colleagues to adopt different policies.
Meredith Whitney settles suit as assets dwindle
Former star analyst Meredith Whitney has finally resolved a legal battle, but her hedge fund appears to have little money left.
Iceland to ease capital controls imposed since crash
Iceland is to introduce a 39 percent exit tax on assets from its failed banks, as part of moves to lift capital controls.
Fears of job loss hit a new low: NY Fed
At the same time, there were signs in the report that people do not necessarily expect their wages or spending to grow much either.
Don’t buy into Tesla’s battery biz: Bob Lutz
Investors should hold off bets on Tesla's new home battery product, a former vice chairman of General Motors said.
Cramer: Here’s the key for Apple at WWDC
CNBC's Jim Cramer explains what he thinks is the key for Apple at its developers conference.
Strange session for China's Shenzhen, Shanghai
The Shenzhen fell 1.7 percent overnight, while the Shanghai Composite is up 2.2 percent.
Economy can use a boost...in rates: Experts
The strong May jobs report shows the U.S. economy is ready for a tighter monetary policy, two experts said Monday.
GE close to selling lender to top pension fund
GE is near a deal to sell its private equity lending unit to the Canada Pension Plan Investment Board, a person familiar with the matter said.
HSBC shakeup: What you need to know
At an investor day this week, chief executive Stuart Gulliver is set to launch a big effort at root-and-branch reform.
Deutsche Bank: Why the dual-CEO system failed
Deutsche Bank's co-CEOs may have handed in their resignations, but challenges remain for the new head of the company.
Sunday, June 7, 2015
Fed rate hike risks disorderly markets: IMF
The U.S. Federal Reserve's impending interest rate hike poses a considerable risk to global markets, the IMF's deputy managing director has warned.
Suicides pit Wall St. culture vs. Silicon Valley's
Wall Street and Silicon Valley are booming, but financial worker stress is making news. Which sector is better for workers?
Double trouble? Deutsche co-CEOs to depart: Report
Both of Deutsche Bank's chief executive officers are set to resign, the WSJ reported on Sunday.
Friday, June 5, 2015
More positive on banks than in 16 years: Analyst
Here's why CLSA analyst Mike Mayo is sounding the all-clear on the U.S. financial system and is bullish on bank stocks.
It's borrowing season: Credit card debt rises
Consumer borrowing surged again in April, propelled by the largest gain in credit card borrowing in a year.
Activist hedge funds shrug off SEC collusion probe
The SEC has its sights on activist investors, but the hedge fund industry isn't concerned about a crippling crackdown.
Barclays settles lawsuit over Lehman purchase
Barclays said it has resolved litigation with Lehman Brothers' brokerage unit over a purchase made in 2008.
Is digital the key to get Africa off the ground?
Is commodities the answer to Africa’s economic growth —or should countries intensify efforts to diversify?
Yellen to Congress: Can't fully answer subpoena
The Federal Reserve can not fully comply with a Congressional subpoena, Fed Chair Janet Yellen said, according to Dow Jones.
Fast food nation: What's driving the jobs numbers
Fast food jobs have set the pace since 2000, rising 23.3 percent, against a 5.1 percent gain in private job growth.
Cramer: Wait till September for rate hike
Friday's jobs report is a sign of a healthy economy, but the Federal Reserve shouldn't raise rates this month, CNBC's Jim Cramer said Friday.
Tom Lee on jobs report: What me worry?
Don't be too concerned about the May jobs report, strategist Tom Lee says.
Thursday, June 4, 2015
Pimco not ready for the graveyard yet: Analysts
"We continue to have a cautiously optimistic outlook for Pimco's future," Morningstar said in a white paper.
Wall Street has a real fight club (for charity)
"Fight for Education" benefited charity Happy Hearts Fund and featured hedge fund managers beating each other up.
Fed's Tarullo: US economy has lost momentum
Second-quarter weakness in the U.S. economy seems less transitory than similar weakness last year, Fed Governor Daniel Tarullo said.
This year's hottest trade is starting to fade
Softening economic conditions and the derailing of U.S. dollar strength has turned the tide on currency hedging.
SEC's revolving door good for government: Gallagher
SEC Commissioner Daniel Gallagher tells CNBC a revolving door between the agency and Wall street benefits the government.
Cramer: Sacca Twitter note ‘misinterpreted’
CNBC's Jim Cramer explains why the criticism that has come Chris Sacca's way recently is unwarranted.
Tech bubble’s here, & I’m happy about it: Expert
Elevation Partners Co-Founder Roger McNamee said he is delighted with today's tech bubble. Here's why.
HSBC to pay $43M in Swiss money-laundering probe
Lender agrees to pay Geneva authorities to settle an investigation into allegations at its Swiss private bank.
Dr Doom: Forget a Fed rate hike; QE4 coming
"When I look at the whole financial sector … I feel like [I'm] on the Titanic," Marc Faber says.
Lions Gate could buy Starz, others: Report
Lions Gate could buy television network Starz and other "free radicals" in the industry, John Malone told the WSJ.
Wednesday, June 3, 2015
Barclays analyst to interns: 'Welcome to the Jungle'
One Barclays employee took it upon himself to dish out blunt "commandments" to the bank's new summer interns.
Top hedge fund exec switches teams
High-profile hedge fund executive William "Bill" Goodell has a new job.
Six ways to protect your company from cybercrime
Cybercrime afflicts small companies disproportionately. Here's how business owners should protect themselves.
Fed's Evans urges banks to be proactive on risks
The Chicago Fed President said banks must take a broader approach than just aiming to meet the standards for Fed stress tests.
Eric Cantor: Warren, Dems 'dogmatic' on Dodd-Frank
Eric Cantor may have left Washington for Wall St., but he's still angry about laws passed after the financial crisis.
Fed policy helping rich get richer: BlackRock pro
"Distortions" are resulting in a transfer of wealth to the people who need it least, a Wall Street bond expert argues.
Cooperman: I don't need Hillary 'crapping' on me
Billionaire investor Leon Cooperman is no friend of Hillary Clinton.
Cramer: Cook privacy remarks may be Apple Pay pitch
CNBC's Jim Cramer says Tim Cook's recent remarks may be more than an expression of concern about privacy.
US Congress pushed China towards AIIB: Bernanke
Beijing was pushed into launching the AIIB by U.S. refusal to give China more clout in existing institutions, Bernanke said. The FT reports.
Tuesday, June 2, 2015
Why financial firms are investigating bitcoin tech
Bitcoin's technology could empower the existing financial world, not just disrupt banks out of existence—as some have foretold.
This time it's different, big tech investors say
Big investors are dismissing talk of a technology market peak given what they call unprecedented advances in the sector.
JPMorgan cuts the cord on voicemail
JPMorgan will eliminate voicemail for its retail employees in an effort cut costs and save about $16 million a year.
The cool bank branch of the future has zero chance
Big banks are spending on futuristic branches, but it's all a waste of time and money, say financial technology experts.
Classic 'Warriors' movie has lesson for market
The stock market could learn a lot from Swan, Ajax and the rest of the gang from the 1979 cult favorite "The Warriors."
How Wall Street hours take their toll on workers
Wall Street firms have sought to change work policies for young bankers as competition grows, the NYT reports.
Chinese stocks are still a buy: UBS
Asia is the best bet for emerging markets, says UBS's Jorge Mariscal.
Cramer: Autos may be the next big play
CNBC's Jim Cramer explains why investors should bet on autos.
High-yield junk bonds still 'frothy': Blackstone
The leading private markets investor in the world still thinks that some bonds and loans are dangerously priced.
Fed's Brainard: Not seeing Q2 bounce back
Economic data do not suggest that the U.S. will see a significant second quarter rebound, Fed Governor Lael Brainard says.
Yellen's biotech call last year was really bad
As a stock market analyst, Janet Yellen makes a pretty good Federal Reserve chair.
Why Russia may not face more sanctions
Despite banning scores of European Union officials, Russia may not face tougher sanctions, former U.S. diplomat Bob Hormats says.
HSBC to face US lawsuits over $34B mortgage losses
HSBC was ordered to face three U.S. lawsuits accusing it of breaching its duties as a trustee overseeing residential mortgage-backed securities.
UK to take first steps toward RBS privatization
The British Chancellor is expected to lay out plans for privatizing Royal Bank of Scotland next week, people familiar with the situation told the FT.
Monday, June 1, 2015
Intel CEO: Altera deal to improve chip performance
Intel CEO Brian Krzanich explains why the chipmaker wants Altera and whether another acquisition is on the horizon.
Investors beware. A perfect storm may be coming
Nouriel Roubini explains how and why more economic liquidity may have led to "severe market illiquidity."
Why the big surge in M&A might not last
Companies finally may be getting the message that it's better to invest in the future.
Bernanke still blind to market bubbles
The former Fed chair is speaking out. Investors shouldn't listen, says Michael Pento.
Why fintech industry is flying high
Airline deregulation fostered new players. Now, financial regulation is enabling nimble start-ups.
Traders brace for MSCI decision on China
The argument for including mainland China in MSCI's Emerging Markets Index is a fairly simple one: It is underweighted in global indices.
Fed's Fischer: Don't believe crises at end
The Fed's Stanley Fischer also warned against "bankers' backlash," but said opposition to regulation is "making headway."
Fed's Rosengren: Economy too slow for rate hike
The Federal Reserve is in no position to start raising interest rates now, a top Fed official said on Monday.
Intel to acquire Altera for $54 a share
Chipmaker giant Intel has agreed to buy Altera for $54 a share, or about $16.7 billion, in an all-cash transaction.
Investors are flocking here, the riskiest asset class
Equities will be the riskiest asset class this year and through the next decade, but will also offer the highest returns, a poll predicted on Monday.
Stifel in lead to buy Barclays' US wealth unit
Stifel Financial is in advanced negotiations to acquire Barclays' U.S wealth management unit, according to three people familiar with the situation.
GE launches sales process for US lending units
GE has launched the sales process for a roughly $40 billion portion of its U.S. commercial lending assets, sources said.
Why the Fed may be forced to raise rates
Even though the latest GDP report showed a contraction in the economy, the Fed may have to raise rates, analysts says.
Top US fund managers attack regulators
U.S. fund managers have launched a new attack on global regulators as they fight a rearguard action against proposed rules. The FT reports.
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