Friday, July 31, 2015
Bullard: Fed 'in good shape' for Sept rate hike
New data has St. Louis Fed President James Bullard confident in a September hike, according to the Wall Street Journal.
Possible Bloomberg 'slayer,' but CEO resists label
Symphony's CEO David Gurle plays down talk that his company could be the one to topple "The Bloomberg."
Facebook: Drone ready for testing later this year
The plane will weigh about 880 pounds (400 kg), said Yael Maguire, the company's engineering director of connectivity.
Here’s the big problem with LinkedIn: Analysts
Evercore's Ken Sena and Citi's Mark May explain why LinkedIn's stock is down despite its latest earnings beat.
Fed's trillions haven't helped worker paychecks
The central bank printed $4.5 trillion and all we got was a lousy 0.2 percent wage increase.
Oil prices could be as low as $50 by 2020: Goldman
The price of oil could be stuck firmly at around $50 a barrel by 2020, a Goldman Sachs analyst told CNBC.
High-end cycling chain Soulcycle files to go public
SoulCycle, the high-end indoor cycling chain, is gearing up for Wall Street.
China stocks post worst monthly loss in 6 years
After more than doubling in a year, China's stock markets fell into a savage correction in mid-June.
Thursday, July 30, 2015
How this Fintech startup is plugging the SME funding gap
Singapore-based Fintech start-up ApexPeak is set on resolving the funding gap faced by SMEs worldwide.
Odds of rate hike this year very slim: Gartman
Dennis Gartman says the odds of a rate hike this year are very slim.
This one word could hold key for Fed's rate move
Investors hungry for clues about when the Federal Reserve is going to raise rates are looking for, well, anything.
There is no liquidity problem in bonds: Volcker
Former Fed Chairman Paul Volcker shared his thoughts on the liquidity of the bond market.
GDP mediocre, but Fed will raise anyway: Boockvar
The Lindsey Group's Peter Boockvar shares his views on the Fed and the latest GDP data.
Gross: Low rates are the problem, not the solution
"Money for nothing" interest rate policies have failed, the bond guru said in a broadside against global central banks.
Cramer: Fed is right to hold firm on rates
Cramer says consistently mixed data, in addition to weak global growth, are good reasons why the Fed is holding firm.
'Misguided' banks need internal reforms: Report
A group of influential financial minds is calling on banks to reform their internal culture and meaningfully punish wrongdoing.
Lufthansa profits take off despite strikes and crash
Deutsche Lufthansa AG post better-than-expected Q2 earnings, in spite of the Germanwings crash and labor disputes.
Wednesday, July 29, 2015
Dear, Janet: What's the hurry?
What's the harm in waiting six months to raise rates? asks "Fast Money" trader Brian Kelly.
Yelp: The 'unicorn bubble' hurts our business
This is the first time that a public company has said the unicorn bubble is impacting its business, Re/code reports.
Pisani: Fed signals Sept hike still on the table
The Federal Reserve upgraded its assessment of the U.S. economy.
Oil stocks rally after inventory data
A large draw down in crude inventories has taken everyone by surprise.
Not yet: Fed keeps interest rate pedal on zero
The Federal Reserve both declined to raise interest rates and provide any clues about when a hike is on the way.
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 June 17.
No green light for Fed yet: Former Fed gov
Former Fed Governor Mark Olson says a zero-rate environment is not something the central bank should continue to maintain.
Dick Bove: BofA price to double, here's why
Despite its myriad troubles and doubters on Wall Street, Bank of America has a friend in Dick Bove.
Bove: Moynihan is right guy for Bank of America
Despite recent management changes, Brian Moynihan is the right guy and Bank of America is the right stock, says Dick Bove.
Cramer: Twitter had an ‘existential crisis’ quarter
Cramer made his remarks after the company reported quarterly profits and revenues.
Poll: When will the Fed raise rates?
The Fed meets Wednesday, with the market pricing in zero chance of a rate hike. What do you think?
Chemicals firm Cytec snapped up for $5.5B
Belgian chemical group Solvay will buy U.S. peer Cytec for $5.5 billion to boost its presence in lightweight composites for planes and cars.
Tuesday, July 28, 2015
Pressure mounts on India state lenders as bad loans pile up
Three of India's leading state-run lenders reported a drop in their first quarter net profits, weighed down by rise in provision for bad loans.
I’m investing here, avoiding this: Leon Cooperman
Leon Cooperman wouldn't be buying energy stocks aggressively, but here is where he is putting his money.
Pisani: Shark Tank's Kevin O'Leary's new ETF
O'Leary's ETF invests in quality stocks that pay dividends
China not a major factor for Fed: Richard Fisher
Here's why former Dallas Fed President Richard Fisher doesn't think China is a major factor in the Fed's rate hike timing.
Welcome to the Fed's silly season for rate guesses
Some of the recent speculation about where rates are going seems to have gotten at least a bit overdone.
Puerto Rico default Q&A: 'Sell right now'
As another key debt payment date closes in, here's a primer on what you should know.
What does sudden CFO exit mean for BofA?
The New York Times explores the environment at Bank of America that led to Thompson's departure and what lies ahead.
3 charts explaining the Chinese stock market
The Chinese stock market is moved by retail investors, and behaves much differently than other major markets. Here's a look.
Markets oversold, but these leaders still holding up
There is a lot of money hiding out in a few sub-groups, including banks, biotech, and Internet names like Google and Facebook.
Here's why jobs growth is picking up steam
Job growth across the nation is making up for the losses oil states saw after a year of low crude prices.
Cramer: Don't worry about China stocks
Here's why CNBC's Jim Cramer thinks China's volatile stock market will stabilize.
ATM workers forget bag, man drives off with $150K
Police say a man drove off with a bag containing $150,000 after two employees who were replenishing ATMs mistakenly left it on a lawn in New Jersey.
Monday, July 27, 2015
China needs to loosen its grip on markets: UBS
China's market controls have fueled panic. If it wants more international investment, it should limit further intervention, says UBS's Jorge Mariscal.
Postcards from China: What US investors can learn
Think about the Chinese economy and stock market as basically being a fun-house mirror view of its American counterpart.
Battle lines drawn over Export-Import Bank renewal
The fight over the Export-Import Bank, a key source of loans for smaller companies that do business abroad, now moves to the House.
Many sectors oversold, but still no bounce in sight
Materials, energy and industrials are very stretched on the downside. A typical quant would look at this as a potential buy signal.
Cramer: FANG is bad, here’s why
CNBC's Jim Cramer explains how the recent performance in FANG stocks actually points to a dire market situation.
Roller coaster crash set to cost owner $73M
A popular UK attractions operator has issued a profit warning ahead of its interim results, after a rollercoaster incident at one of its theme parks.
McGraw Hill to buy SNL Financial for about $2.225B
McGraw Hill Financial announced plans to acquire SNL Financial in a cash deal valued at approximately $2.225 billion.
Sunday, July 26, 2015
UBS releases results early: Net profit up 53%
Swiss bank releases results one day early following a Swiss newspaper report on the figures on Sunday.
DBS posts 15% rise in profit, flags uncertainty in H2
DBS Group, Singapore's biggest bank, on Monday posted a better-than-expected 15 percent rise in second-quarter net profit.
Consumers, economy better off after reform: Frank
The principal author of financial reform tells CNBC that, five years later, the country is better off.
Friday, July 24, 2015
Facebook defeats shareholder litigation over IPO
An court upheld the dismissal of litigation by Facebook shareholders who accused the firm of deceiving them about its prospects.
The Dow just broke a pretty dubious record
The latest record to fall is for not doing much of anything at all.
Dodd-Frank's effect on community banks, in 3 charts
FDIC data show that smaller banks have been suffering for decades both in falling numbers and a declining share of total assets.
The Fed's economic forecasts leaked early
The Fed inadvertently posted its confidential economic projections earlier than expected back in June.
Why analysts are upping the numbers on Amazon
Expectations for Amazon's full-year profit surged 220 percent following its blockbuster earnings report.
Cramer: Starbucks wants to take over the world
Starbucks' latest earnings report shows the coffee giant's true master plan, CNBC's Jim Cramer says.
CNBC Conversation: Angel Gurria
Secretary-General of the OECD, Angel GurrÃa, talks to CNBC's Louisa Bojesen, on the CNBC Conversation.
Japan's Meiji Yasuda to buy US insurer StanCorp
Japan's Meiji Yasuda Life Insurance said it has agreed to buy U.S.-based StanCorp Financial for $5 billion, the latest deal by Japanese insurers.
Sitting pretty on Amazon? Don’t be a fool: Munster
Amazon's strong earnings report sent its stock zooming, but analyst Gene Munster warns that investors shouldn't be complacent.
22 banks accused of Treasury auction manipulation
Twenty-two financial companies that have served as primary dealers of U.S. Treasury securities were sued in federal court on Thursday.
Health insurer Anthem to buy Cigna in $54.2B deal
Anthem said on Friday it would buy Cigna in a deal valued at $54.2 billion, creating the largest U.S. health insurer.
Thursday, July 23, 2015
Sectors to watch as market weakness spreads
The slowing economies are leading to declines in commodity prices and a slowdown in capital spending.
Here's why ETFs are overtaking hedge funds
The active versus passive debate just got a new wrinkle, and one analyst thinks he knows why.
What you need to know about jobless claims drop
A near 42-year low in claims is going to get lots of investor attention. This time it probably should get a little less.
Cramer: What’s wrong with Caterpillar? Everything
"They’ve bought back a lot of stock incorrectly. They’re in all the wrong markets," CNBC's Jim Cramer says.
Federal judge upholds hedge fund founder conviction
A federal judge on Wednesday rejected hedge fund manager Doug Whitman's effort to throw out his insider trading conviction.
Wednesday, July 22, 2015
India banks get creative to collect $49B in bad debts
India's state-owned banks are reversing years of lax recovery efforts with creative collection tactics to cut a $49 billion bad-debt pile.
Bank of America CFO Thompson leaving
Paul Donofrio will take over as the bank's chief financial officer on Aug. 1.
Credit Suisse signals potential in asset management
Credit Suisse's new chief executive told investors about expanding its asset management operations, The Financial Times Reports.
Falling gas prices not doing much for the economy
Americans are not spending much of the money they're saving at the pump.
Pet-food maker Blue Buffalo shares soar in debut
Shares of Blue Buffalo Pet Products rose as much as 36 percent in their debut, valuing the company at $5.34 billion.
Bart Chilton: Dodd-Frank is alive at five
Former US trading commissioner Bart Chilton channels his inner Dr. Seuss in talking about Dodd-Frank five years later.
Why Apple is one of many buyback monsters
The stock buyback craze has continued into the second quarter, and the cumulative effect of that craze is really mounting.
Cramer: Microsoft had a good quarter, but …
CNBC's Jim Cramer explains why he thinks Microsoft shares dropped despite reporting a good fourth quarter.
Ashley Madison faces 'doomsday scenario' after hack
AshleyMadison.com can kiss goodbye plans for a listing on the London Stock Exchange this year, banking sources said.
Arrests made in schemes tied to JPMorgan breach
A huge computer attack against JPMorgan Chase last summer may have been more of an attempt to fuel an ongoing pump-and-dump stock scheme.
Tuesday, July 21, 2015
Philippines remittances: under threat
The Philippines depends on remittances for around 10 percent of GDP, but changes in where workers are headed may see that dry up. The FT reports.
Authorities make arrests tied to JPM hack: Report
Four people involved in a securities fraud scheme tied to the computer hackings of JPMorgan Chase were arrested, Bloomberg reported.
5 years later, 5 things to know about Dodd-Frank
In all, the anniversary of the landmark banking legislation brings as many questions as answers.
PayPal CEO: We need financial democracy
Too many people around the globe have no access to financial services. Here's how we fix it, says PayPal CEO Dan Schulman.
Citibank to pay $700M over credit card practices
A US consumer watchdog said about 7 million customer accounts were affected by Citibank's "deceptive marketing" practices.
Will the dollar foil the Fed's rate-hike plans?
The Fed is signaling that a rate hike could be coming soon. But will the dollar put a glitch in the plan?
Cramer: Here’s IBM’s biggest problem
CNBC's Jim Cramer explains what he thinks is IBM's biggest problem.
Is Wall Street pay too high?
Five years after Dodd-Frank, we’re still waiting for Wall Street pay reform, says Sarah Anderson.
Travelers profit boosted by lower catastrophe losses
Travelers reported a stronger-than-expected profit as catastrophe losses almost halved and it recorded a gain from the resolution of tax issues.
Banks back rival to Bloomberg messaging system
A messaging service for business is being launched by some of the world's biggest banks in a bid to challenge Bloomberg's dominance of the market.
$500K to save Neil Armstrong’s spacesuit
Smithsonian has launched a crowdfunding campaign, hoping fans will help save a piece of space memorabilia.
Monday, July 20, 2015
What change at the top means for Europe's banks
Europe’s big banks have been witnessing a management shake-up that could help boost the long-term prospects of the banking sector, analysts say.
BOJ members ponder QE's diminishing returns
Several BOJ members said the impact of the bank's massive stimulus might be fading, June meeting minutes show.
Obama nominates academic Dominguez to Fed board
President Barack Obama plans to nominate academic and economist Kathryn Dominguez to the Federal Reserve board of governors.
Street pros: Despite 'crashes,' market works fine
Take all your Flash Crashes and "Knightmares" and trading "glitches" and, well, chill out.
Ignore Microsoft earnings, buy the stock: Analysts
Last quarter may have been weak for Microsoft, but the stock remains a good long-term buy, analysts say.
Bove: Time to 'aggressively' buy big banks
The cloud has lifted over banks and Dick Bove says it's time to "aggressively" buy some of the big names.
Forget about Google; buy Facebook: Analyst
Investors should focus their attention on Facebook shares rather than eyeing Google's stock, Scott Kessler said.
Windfall: GOP candidates’ huge score already
There's now a clearer picture of which candidates are dominating in the money race, NBC News reports.
Cramer: Here's the key to Google’s recent success
CNBC's Jim Cramer explains why he thinks Ruth Porat holds the key to Google's recent success.
Pearson to explore Financial Times sale: Report
Pearson is exploring the sale of its financial newspaper, The Financial Times, Bloomberg reported.
The tech breakout is suspect, and here's why
A small group of tech stocks are pushing the Nasdaq higher. And that is worrisome.
Morgan Stanley earnings, revenue top estimates
Morgan Stanley delivered quarterly earnings and revenue that topped analysts' expectations on Monday.
Film studio Miramax explores sale: Sources
Miramax is exploring strategic alternatives including a potential sale, according to people familiar with the matter.
Friday, July 17, 2015
Earnings should grab attention, but watch commodities
About a quarter of all S&P 500 companies will report earnings in the coming week, which could be a boost for stocks.
Here’s another chance to buy oil stocks: Analyst
The markets have provided another buying opportunity within the oil space, analyst Mike Kelly said
Inflation? Real American wages went DOWN in June
Every time it looks like the economic field of vision is clearing, something seems to happen to blur it up again.
Five years on, bank regulation still a work in progress
Five years after the financial crisis, a battle is still being fought over Dodd-Frank, reforms designed to prevent a recurrence.
Why the Fed really wants to raise rates: Analyst
Here's the real reason why the Federal Reserve wants to tighten monetary policy, Jim Bianco said.
Fed's Fischer against limits to emergency lending
Fed Vice Chair Stanley Fischer is against further limits put on the U.S. central bank's emergency lending powers.
Honeywell: Poster child for multinational problems
The strong dollar is really hurting multinationals, even Honeywell, one of the most-praised of the bunch.
Corporate matchmakers cash in on M&A boom
As many firms look to snap up businesses in the hot M&A market, one entrepreneur has founded a corporate matchmaking start-up.
Six classic mistakes young traders make
How to become a great trader? Avoid these six classic mistakes, says trading mentor Raj Malhotra.
GE earnings top expectations
General Electric delivered quarterly earnings that topped analysts' expectations on Friday.
Thursday, July 16, 2015
Stocks near new highs, but don't celebrate yet
Even as major indices approach historic highs, the field is littered with the corpses of those on the wrong end of the global growth slowdown.
Active US funds suffer worst outflows ever
Active fund managers may be having their best year since the financial crisis, but investors don't seem to care.
Gundlach’s right about Apple: Analyst
Sanford Bernstein's Toni Sacconaghi explains why the assessment of Apple by Jeffrey Gundlach of DoubleLine is accurate.
Ollie's Bargain shares spike in market debut
Shares of U.S. deep discount retailer Ollie's Bargain Outlet Holdings rose as much as 43.7 percent in their debut.
Cramer: Netflix earnings ‘took my breath away’
Here's why CNBC's Jim Cramer liked Netflix's earnings report so much.
Revenue recession's real, and the trend isn't good
Earnings season is in full swing, and once again there are considerable worries about what some are calling a "revenue recession."
Goldman Sachs earnings hit by litigation costs
Goldman Sachs on Thursday posted quarterly earnings that fell sharply from the previous year, hit by a large litigation charge.
Greek cleaners out of work after Tsipras U-turn
Public sector workers in Greece are decrying the government's bailout deal, the FT reports.
Wednesday, July 15, 2015
Fed's Williams: Sept rate hike 'very plausible'
Federal Reserve Bank of San Francisco President John Williams said September is a "very plausible" time to begin raising interest rates.
Beige Book: Economy expands, dollar hurts spending
The assessment comes just hours after Fed Chair Janet Yellen said the central bank was on track to raise rates this year.
Congressman screams at Yellen: You did nothing!
Rep. Sean Duffy accuses the Federal Reserve and Janet Yellen of willfully quashing a congressional leak probe.
James Bond’s next mission? Protecting the BBC
Nearly 30 celebrities have called on politicians to help preserve one of the U.K.'s national treasures: BBC.
Traders don't want to hear this problem with banks
Net interest margin and income is down at banks, but most traders believe interest rates will lift financials by the end of the year.
Hundreds of employees laid off before NYSE outage
Last week's glitch at the NYSE that prevented hours of trading draws attention to layoffs, The New York Times reports.
Yellen: Remain on track to raise rates this year
Fed Chair Janet Yellen says the Fed remains on track to raise rates this year—as long as the economy evolves as expected.
Bove: What Jamie Dimon may be signaling
Jamie Dimon unexpectedly said he might sit out future investor calls. Here's what Dick Bove thinks the JPM chief meant.
Live: All eyes on activists at Delivering Alpha
The fifth annual Delivering Alpha conference will kick off in New York City with several investing giants on tap.
Tuesday, July 14, 2015
White House lowers budget deficit estimate
The White House predicts this year's budget deficit will be less than it forecast in February.
Foiled again! Economy not cooperating with the Fed
The consistently inconsistent consumer is the gift that keeps on giving for doves at the Federal Reserve.
Jamie Dimon: Don’t read too much into this
JPMorgan Chase's earnings conference call concluded in unexpected fashion.
Cramer: Selling Wells Fargo now would be stupid
CNBC's Jim Cramer explains why investors should not sell their Wells Fargo shares.
Pisani: 'Shark' Kevin O'Leary dives into ETF biz
How big are ETFs these days? Even Kevin O'Leary of "Shark Tank" is getting into the game.
Monday, July 13, 2015
GSElevator gets down and dirty in new book
"Straight to Hell," the new book from @GSElevator mastermind John LeFevre, offers a "naked look" at global finance, says Turney Duff.
Like the wearables space? Buy Fitbit: Analyst
SunTrust's Bob Peck explains why Fitbit is the best play in the wearables market.
Sorry, but Grexit chance is still 'significant'
Investors enjoying the afterglow of a putative deal that will keep Greece in the euro zone for now might not want to get too comfortable.
Feds: No single cause for 2014 bonds 'flash crash'
A joint U.S. officials staff report revealed that last year's bond market "flash crash" could not be attributed to a specific cause.
How's that game theory working out, Mr. Tsipras?
Greece has secured a third bailout but under terms that are even more restrictive than those it turned down just weeks ago.
Cramer: MarkWest ‘very smart’ to sell—here's why
"I'm excited about this deal because it says, 'There's a pulse here. Don't give up the ship,'" CNBC's Jim Cramer said.
Puerto Rico investors seek answers in credit meeting
Investors in Puerto Rico hope to get specific information about how the commonwealth plans to restructure debt.
Friday, July 10, 2015
Pisani: Expect another wild week coming up
Bob Pisani lays out what global events should be on your radar for next week.
What Puerto Rico meeting means for investors
Alexandra Lebenthal explains what investors should expect from the U.S. territory's coming meeting with its creditors.
Six of the oldest tricks in Wall Street's book
Turney Duff offers up six of the oldest tricks in Wall Street's book and "the tell"—how you know you're getting played by one.
Banks to kick off another sloppy earnings season
Forget Alcoa: Banks are the new barometer when it comes to the outlook for corporate profits.
Cramer: You should watch Facebook shares
CNBC's Jim Cramer explains what Facebook's move to the upside could mean for the broader markets.
China stock worries hit auto sales
China's vehicle sales growth may have fallen below the US levels if recent figures are any indication.
Thursday, July 9, 2015
Pisani: China's stock mess made a hornet's nest
The Shanghai market rallied 5.7 percent overnight, but much of that rally is an illusion.
Why the Fed’s eyeing Greece: Experts
Two experts explain why the U.S. central bank is monitoring Greece's situation when considering tighter monetary policy.
Shutdown's biggest casualty could be NYSE itself
For a day, at least, it seemed like the New York Stock Exchange mattered again.
NYSE: This is why we halted floor trading
A day after halting floor trading for nearly four hours amid a technical issue, the New York Stock Exchange issued a statement explaining what happened.
Cramer: NYSE halt shows its lost importance
"If we weren't here with cameras on, you wouldn't have known [about the NYSE trading halt]," CNBC's Jim Cramer says.
What's next for NYSE after Wednesday's halt
The NYSE needs to assure clients that the issues that led to an exchange-wide halt were a one-off event and not a major systemic problem.
Greece's debt crisis: It all started in 2001…
As wrangling between Greece and its creditors continues, CNBC takes a look at where the country's debt problems began....
IRS takes on hedge funds—here's how
Hedge funds that used a strategy to claim billions of dollars in tax savings will face new scrutiny, the NYT reports.
PepsiCo tops expectations on strong demand
PepsiCo reported better-than-expected earnings and revenue due to strong demand for its snacks and beverages in North America.
Neutral rate drop toughens Fed's job: Kocherlakota
A drop in the long-run interest-rate level is making it harder for the central bank to do its job, said Minneapolis Fed President Kocherlakota.
Wednesday, July 8, 2015
JPMorgan fined $136M for debt collection practices
JPMorgan will shell out $136 million to settle charges that it used illegal tactics to go after delinquent credit card borrowers.
Fed's Williams wants inflation data before hike
'I still believe this will be the year for lift off, and I still believe that waiting too long to raise rates poses its own risks,' Fed's Williams said.
Don’t go cash, go East Asia for investment alternatives
Major East Asian economies stand out in a world where developed countries are struggling with high unemployment and a virtual stagnation.
Market 'glitches' are nothing new
After the NYSE's two-hour halt, CNBC takes a look back at some of the recent glitches that have halted the markets.
Trader: Cancel your orders, go get ice cream
The NYSE outage is nothing to panic over. What should you do? Cancel your orders, then go get ice cream, says "Fast Money" trader Brian Kelly.
Why it's taking so long for the NYSE to reopen
Wednesday's stock market computer shutdown at the New York Stock Exchange was exaggerated in part by a very human problem.
Anger? Fear? Bank stocks turn analyst 'Inside Out'
Anger? Fear? Sadness? Veteran banking analyst Mike Mayo compares his emotions covering bank stocks to those of little Riley in Pixar's "Inside Out."
Dick Bove says these 5 banks will beat the market
The banking analyst believes following the industry's biggest names will pave the road to profitability.
Pisani: China's trading rules making matters worse
Half of the entire Chinese stock market has been frozen a day or so after China announced major restrictions on trading.
Look out: Air coming out of popular currency trade
ETFs looking to hedge across Europe, South America and Asia have blossomed as investor money pours into the strategy.
Cramer: Here’s our problem with the China selloff
CNBC's Jim Cramer explains what the U.S. main problem with the Chinese market is amid its selloff.
Wealthfront lowers account minimum to $500
Robo-advisor Wealthfront lowered the minimum investment customers must make to open an account to $500 from $5,000.
JPMorgan to add 1K jobs, invest $76M in New Jersey
JPMorgan Chase will create 1,000 jobs and retain over 2,600 workers in Jersey City.
JPMorgan to pay over $125M to settle debt probes
JPMorgan will pay at least $125 million to settle probes that the bank sought to improperly collect and sell consumer credit card debt.
Tuesday, July 7, 2015
Barclays CEO Antony Jenkins to leave the bank
Barclays CEO Antony Jenkins will step down on July 17, the bank announced.
Living wills no way to run banking industry: Bove
Making banks draw up living wills is no way to run an industry and seeks to weaken confidence in the system, Dick Bove said.
This list of 'junk' companies keeps getting longer
The bottom of the corporate debt barrel is getting more crowded.
Here’s what’s going on with tech sector: Expert
Elevation Partners' Roger McNamee explains why the tech sector seems to be declining.
Why Europe’s City of Love could gain from Brexit
Paris would “have a card to play” as a new financial hub should Britons vote to quit the European Union, leading players in the city’s financial scene told CNBC.
Cramer: Give us a Greece decision within 48 hours
CNBC's Jim Cramer said a decision on whether Greece will stay in the euro zone needs to be made as soon as possible.
CEOs, deals in focus at 'summer camp for moguls'
Here's what to expect from this year's annual "summer camp for moguls" in Sun Valley, Idaho.
Traders: Your hormones are messing with you
A group of researchers found that elevated levels of human hormones prompted traders to take greater financial risk.
Bank living wills reveal Wall St victims
Goldman Sachs and Morgan Stanley would cease to exist under "living wills" drawn up to show how banks would handle bankruptcy in a crisis.
Monday, July 6, 2015
Here’s Greece’s big fear after ‘No’ vote: Official
Athens Chamber of Commerce President Constantine Michalos discusses the country's biggest fear after the referendum.
'Flash Boys' Aleynikov conviction tossed
A New York Judge tossed out ex-Goldman Sachs Group Programmer Sergey Aleynikov's conviction in a code theft case.
Why China has got some big money managers worried
Here's why some of the biggest U.S. investors, including and Bill Gross, have China at the top of their worry lists.
Sunday, July 5, 2015
Day of reckoning for Greek banks and the ECB
No matter which way the Greek vote goes, the European Central Bank on Monday will face a series of agonizing decisions.
Friday, July 3, 2015
RBS faces $13B bill, says court filing
Royal Bank of Scotland faces a $13 billion bill to resolve claims it misled purchasers of mortgage-backed securities, the FT reports.
Brazil probes forex activity of 15 global banks
Fifteen of the world's largest banks are under investigation on suspicion of rigging the Brazilian currency, antitrust watchdog Cade said.
Thursday, July 2, 2015
Jobs report by the numbers: 'Goldilocks' or not?
Evaluating the June jobs report depended heavily on point of view.
A good year for IPOs could get even better
More than 120 companies have registered for an IPO, including several well-known names.
Paulson & Co. preps European stock fund
Billionaire hedge fund manager John Paulson is setting up to bet more on Europe with a new "event" fund.
Spanish language network Univision files for IPO
Univision Holdings, the owner of Spanish language TV network Univision Network, filed for an IPO in the US.
Traders now betting Fed to wait until 2016 for hike
U.S. short-term interest-rate futures contracts rose on Thursday on a weaker than expected government report on jobs.
Health insurer Centene to buy Health Net for $6.3B
Centene said it would buy Health Net for $6.3 billion in cash and stock.
The credit card perk you have but don’t know about
Many cards also offer automatic travel insurance, which could prove valuable on your next trip, the Fiscal Times reports.
Wednesday, July 1, 2015
Deadhead at heart: 40 years with the Grateful Dead
A look back at 40 years of loving the Grateful Dead.
Fannie Mae and Freddie Mac hike pay for their CEOs
Fannie Mae and Freddie Mac disclosed huge pay raises for their CEOs, despite opposition from the Obama administration.
Greece might be a 'Lehman moment': Hedge fund pro
"One of the many questions that remain is whether this is a 'Lehman' moment or not," asks a hedge fund manager.
'Boring' markets are bullish—100% of the time!
The 2015 version of the U.S. stock market has felt like a six-month thrill ride to nowhere.
Janus Capital takes majority interest in Kapstream
Janus Capital acquired a majority interest in Kapstream Capital and said Kapstream's Palghat will support Bill Gross as co-portfolio manager of the Janus Global Unconstrained Bond strategy.
Cramer: US economy ‘counterintuitive’
CNBC's Jim Cramer explains why he thinks the U.S. economy is "counterintuitive."
Euro zone may not care about Tsipras's latest offer
What do euro zone leaders want? They want to get rid of Alexis Tsipras and the whole Greek leadership. They want to negotiate with a new team.
PREPA reaches deal make $416M payment
The Puerto Rican power utility has reached a deal with its creditors to make its $416 million payment.
Greece's debt crisis: It all started in 2001…
As wrangling between Greece and its creditors continues, CNBC takes a look at where the country's debt problems began....
Greece is in crisis—why no love for gold?
Greece is in full on crisis mode. So why aren't investors flocking to the safe haven of gold? "Fast Money" trader Brian Kelly explains.
Fed's Brainard: Looking at bond market liquidity
The Fed is in the early stages of an analysis on changes in bond market liquidity, amid signs that liquidity may be less resilient than in past.
What we need to move markets to new highs
In order to kick start a second half rally, sales and capital spending need to pick up.
Greek banks: Why the money’s running out
The ECB is expected to meet on Wednesday to make a call on its ELA funding to Greek banks, raising fears they could run out of cash.
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