Wednesday, September 16, 2015
Starz CEO: What takeover talks really mean
Chris Albrecht did not confirm or deny acquisition rumors but said the company doesn’t need a deal to better position itself.
Here's why the Fed knows better than to hike now
There's one very good reason the Federal Reserve won't vote to raise interest rates: History.
Cramer: FedEx earnings may be bad sign for Fed move
The package-delivery giant posted earnings per share of $2.42, missing estimates.
3, 2, 1 ... Time for Fed blastoff!
Trader Jack Bouroudjian says it's time for the Fed to launch rates—but he makes the case for a "one and done" approach.
Goldman CEO: President Trump idea 'blows my mind'
Lloyd Blankfein says Trump's rise could mean a shift in voter sentiment, according to Dow Jones.
Goldman's Blankfein on Fed hike: 'I wouldn't do it'
Recent economic reports do not give enough reason for the Federal Reserve to increase interest rates, according to Goldman CEO Lloyd Blankfein.
Welcome to the Fed's stock rally
Tuesday's rally could likely be attributed to traders front-running a well-known Wall Street phenomenon: the "Pre-FOMC Announcement Drift.”
Fed should hike rates to 3% all at once: Hedge funder
Mark Yusko, Morgan Creek Capital Management CEO, said Wednesday that the Federal Reserve should raise interest rates to 3 percent in one fell swoop.
When the Fed raises rates, here's what happens
The bull market will stumble, bond yields will climb and the economy will slip into a recession. This we know.
For Fed Chair Yellen, silence is calculated
Has Janet Yellen abdicated leadership or is she exercising a new form of it? What's clear is that the silence is calculated.
Is inflation on its way back to the west?
Shoppers and investors could be hit with higher inflation sooner than they are bargaining for.
Tuesday, September 15, 2015
How fast will the Fed hike rates? Heller weighs in
Former Federal Reserve governor Robert Heller says he "fervently hopes" the U.S. central bank will hit the "lift-off" button this week.
US will get a rate hike tomorrow: UBS Chairman
One former policymaker-turned-bank chairman told CNBC that the U.S's recent positive economic data showed a rate hike was due.
Has the market rallied itself into a rate hike?
The stock market selloff was seen as one reason for the Fed to hold off on a rate hike, but the market is rallying back.
Microsoft raises dividend 16% to 36 cents
Microsoft Corp. last September increased its dividend to 31 cents from 28 cents.
Nine big banks join to form blockchain partnership
Nine of the world's biggest banks have joined forces with tech firm R3 to create a framework for using blockchain technology.
Why's the VIX dropping ahead of the Fed meeting?
Those fears have not gone away. Yet the VIX has been dropping. What does this mean?
Economy on course to grow 1.5% in Q3: Atlanta Fed
According to data on retail sales and industrial output in August, the U.S. is on track to grow 1.5% in the third quarter.
History says stocks can survive Fed rate hike
A Fed hike cycle could cause scares along the way but history says stocks don't go down in a straight line after the Fed moves, USAToday reports.
Fed won't raise rates until Oct or Dec: Insana
Some people think the Fed will start raising rates this week but it's not going to happen, says Ron Insana. Here's why.
Time to retrain? Legal sector faces ‘war for talent’
The legal profession faces a "war for talent" as law firms battle to hire the best staff in the U.K., according to the CEO of the first London-listed British legal company.
China's Citic says GM under investigation
The general manager of CITIC Securities Co Ltd suspected of insider trading.
Can female board members make banks more robust?
Recruiting a greater proportion of women onto boards may lead to more stable banking institutions, a new report from the IMF suggests.
Cramer: How a rate hike could hurt economy
"The areas that are strong in the economy are very rate sensitive," Jim Cramer explains.
Wall Street better prepared for rate hike: Analyst
With the Fed decision looming, most investors are hoping for small ripples in the market. NYT reports.
Why it’s time to go overweight Europe: Markit
Amid a volatile Chinese stock market and fears over a U.S. Fed rate hike, Europe can be great investment, data from Markit shows.
Monday, September 14, 2015
Last look at consumer before Fed meets
After consumer sentiment fell off a cliff, traders are watching to see whether consumers reined in spending in August.
Ex-Wells trader beats SEC insider trading charges
Judge dismisses SEC'S insider trading charges against ex-Wells Fargo trader.
Twitter main website down
Social media platform Twitter's main website was experiencing technical difficulties on Monday afternoon.
Credit Suisse to pay $80M over dark pool: Report
Credit Suisse Group will pay $80 million to settle allegations that it did not disclose how it operated its dark pool, according to a report.
Rate hike to bring relief to Asian markets: Expert
If the Fed raise rates, it will lead to widespread short-covering in the region, JPMorgan's Adrian Mowat says.
Fed 'one and done' is a Wall Street fantasy
This notion that the Fed may hike rates once and then be done for a long time is a Wall Street fantasy, says Michael Pento.
Regulator reaches deal with banks on chat platform
The four major banks in the deal are Goldman Sachs, Deutsche Bank, Credit Suisse and Bank of New York Mellon.
Deutsche Bank to cut workforce by a quarter: Sources
Deutsche Bank aims to cut roughly 23,000 jobs through layoffs and by spinning off its PostBank division.
London is booming, but the FTSE is falling behind
Given how dynamic London has become, it's surprising the stock market is not doing better.
Etsy is about to bring designers and manufacturers closer
Online craft site, Etsy, has unveiled "Etsy Manufacturing": a new service which hopes to connect designers with manufacturers more efficiently.
Five things to know about the Fed raising rates
Here are five things you need to know for when the Fed starts raising rates, which could be this week.
Sunday, September 13, 2015
Here’s what fuelled the China market panic: BIS
The 56 million new trading accounts opened in the first half of 2015 in China will be seen as one of the warning signs of crisis.
Saturday, September 12, 2015
Choosing to leave the U.S. rather than pay taxes
More Americans renounced their citizenship in the first three months of the year than ever before.
Friday, September 11, 2015
Cantor CEO: What really matters to me
"If I didn't have today as Charity Day, I would pull the covers over my head," Howard Lutnick said.
Greek bailout mistakes were made: European FinMins
Greece faces many challenges in implementing its third bailout program, and not all finance ministers agree another bailout is the best solution.
Is tech partying like it's 1999? Not quite
As tech valuations climb, inevitable comparisons to the dot-com bubble are being made. But it's not quite that simple, says PwC's Pierre-Alain Sur.
MtGox founder Karpelès charged with embezzlement
Japanese prosecutors accused Mark Karpelès of misappropriating Y315m ($2.6m) deposited by bitcoin investors, the FT reports.
Big banks in $1.87B swaps price-fixing settlement
The settlement in principle was disclosed at a hearing before U.S. District Judge Denise Cote in Manhattan.
Consumers may have just blocked a Sept rate hike
If there was any doubt beforehand, a key economic number finally may have taken September off the table.
Should you invest like a pension fund?
As investors look for cover in volatile times, opinion about pension fund investment strategies is mixed among experts.
GE seeks sale of asset management arm
GE seeks to sell its asset management arm to an investment management firm, as it continues to make moves to focus on its industrial products.
Thursday, September 10, 2015
Why Fed won't hike in Sept: Strategist
BTIG strategist Dan Greenhaus says he's now changed his mind about a September rate hike by the Federal Reserve. Here's why.
Forget new Apple products—THIS is the issue
These latest Apple products aren't going to be enough to help revenue growth this year, says AlphaOne's Dan Niles.
Bove: Bank of America CEO deserves chairman title
Don't strip Bank of America CEO of chairman title — overhaul the board, says Dick Bove.
Ellen Pao won't appeal in discrimination trial
"I've made an impact. People heard my story. This case has been part of a wave of change that I didn't predict," she said.
Wall St. exec charged with manipulating stocks
Benjamin Wey was arrested Thursday at his Manhattan home. He is the founder and president of New York Global Group.
This market is setting a wild volatility record
A tale of two markets: One that started out 2015 the most boring, transforming to one that has been the most volatile.
GE's Jeff Immelt: China growth fears are overdone
"It used to be easy for everyone in China because it was a macro story; now it's a micro story," Immelt said.
China clamps down on FX deals to stem capital flight
The policy reversal comes after the PBOC drew on its reserves to prevent the yuan falling dramatically, the FT reports.
Lululemon raises forecast as store, web sales rise
Lululemon Athletica reported higher-than-expected quarterly profit and revenue, helped by strong store and online sales.
At your convenience? Store owners working too hard
Rising property prices, the battle with online shopping and long, tough hours are taking their toll on convenience store owners.
Nasdaq chief's IPO boast: Not so fast!
Nasdaq CEO said in July he was delighted to have snared one of the hottest technology IPOs of the year, but the deal was not in the bag.
Wednesday, September 9, 2015
This is what could tip Fed's hand
Traders look past economic reports toward market conditions Thursday in anticipation of a Fed move.
Market volatility is bad for your health
Market turmoil can affect more than your 401K — it can take a toll on your health, says Dr. Florence Comite.
Economist: China situation spells global recession
China has recently experienced excess capacity, two booms, bubbles and busts in housing and stock markets, Citigroup's Willem Buiter says.
Could the market rally its way to a rate increase?
Stock market players are becoming their own worst enemies, buying themselves square into the teeth of a rate increase.
China ripple effect will hurt these currencies
China's yuan has stabilized, but risks remain for China's economy and currencies around the globe, says UBS's Jorge Mariscal.
CFTC probes JPMorgan for alleged client steering
The Commodity Futures Trading Commission is investigating whether JPMorgan is steering its private-banking clients to its own hedge-fund products.
Migrant Crisis: How ordinary people are helping out
Europe’s migrant crisis is intensifying, yet it’s not just politicians calling the shots but everyday people.
Tuesday, September 8, 2015
One eye on China, Street watching the Fed
If stabilization in China holds Wednesday, Wall Street will focus even more on the Federal Reserve's meeting.
Expert: Making an oil call? Wait for this
U.S. crude settled down 11 cents on Tuesday at $45.94 a barrel but has dipped below $40 a barrel in the last month.
Bye-bye branches: Banking hits 'inflection point'
The successful bank of the future will have fewer branches but better branding, according to an analysis.
Buffett: Economy growing steadily but not booming
Berkshire Hathaway's Warren Buffett shares his outlook on the U.S. economy on Tuesday.
Tom Lee: Out of stocks? You may miss out
The best days for U.S. stocks may still be ahead, Fundstrat's Tom Lee says.
Friday, September 4, 2015
Here are 2 potential market movers next week
Big week for China economic data; in the US, analyst conference season begins.
Fed closer to 'monetary Y2K,' but not there yet
Now it's up to the Fed to start sending clear signals to the financial markets regarding its interest rate intentions.
JPM strategist to Fed: Just raise rates
JPMorgan Funds' David Kelly explains why the Fed should just go ahead and raise rates.
Greenspan: The Fed can't solve every problem
If countries don't tackle the problems of fiscal policy, monetary policy will be become irrelevant, Alan Greenspan says.
Fed's Lacker: 'It's time'
"It's time to align our monetary policy with economic progress," the Richmond Fed chief said, adding that the labor market no longer warrants zero rates.
Bridgewater's All Weather Fund slumps in market storm
Ray Dalio's fund slumped in August and some investors blame the strategy of such funds for the volatility that slammed stocks and commodities.
Thursday, September 3, 2015
Most workers actually making LESS than 5 years ago
For all the talk about the 250,000 jobs a month the economy is creating, workers' real wages are going backward.
Stop blaming China—the problem is bigger than that
Everyone is blaming China for the recent stock-market rout. But this is much bigger than that, says trader Brian Kelly.
Why Netflix shouldn't sweat Apple: Analyst
"Netflix has a sustainable competitive advantage that can be defined in two things," Youssef Squali says.
These hedge funds prospered in market tumult
Not all hedge funds are getting crushed in the recent downturn, some are even prospering, the New York Times reports.
Cramer: American companies in trouble again
"This is a level at which American exporters are saying 'Are you kidding me?'" Jim Cramer says about the euro.
Leon Cooperman: This is to blame for market selloff
Omega joined the growing chorus of investors blaming last week's stock market sell-off on trading strategies pioneered by funds like Bridgewater.
China slowdown not a surprise: SocGen CEO
China's recent slowdown is "not a surprise," Frederic Oudea, CEO of Societe Generale, told CNBC on Thursday.
Wednesday, September 2, 2015
Firm part-owned by Jack Ma fined in China stock probe
A Chinese stock trading platform part-owned by Alibaba's Jack Ma was slapped with fines by regulators late Wednesday.
September rate hike not off the table. Here's why
Beige Book report was filled with commentary that is mostly positive on the US economy.
Economist: Why US economy is torn right now
The U.S. economy is being pulled in opposite directions by two factors, Pimco's Joachim Fels said.
Puerto Rico electric utility, bondholders have deal
The Ad Hoc bondholder group, which holds around 35 percent of PREPA's outstanding bonds, agreed to the deal.
Argentina orders HSBC unit to name new president
Argentina's central bank on Tuesday ordered HSBC Argentina to name a new president and vice president within 24 hours.
Tuesday, September 1, 2015
Don't blame everything on China
We have what traders call "degrossing," where participants are simply taking down overall exposure a bit.
Volatile market crosses into a 'different world'
A market priced for perfection will start to wilt when investors realize things aren't particularly perfect.
Fed's Rosengren: Job target for hike 'largely' met
The jobs target needed to raise interest rates has "largely been met," but other metrics are unclear, the Fed's Eric Rosengren said.
What to do when the Stock Exchange calls on Rule 48
The NYSE invoked the largely unknown Rule 48 four times in the past week. Here's what the market usually does in response.
China regulators have 'suggestions' for corporations
Four Chinese regulatory agencies have issued a joint statement "encouraging" listed companies to take action to shore up their shares.
Greenlight Capital down 14% for year; Einhorn acts
Einhorn wants to know what his investors think about his hedge fund, the nearly $11 billion Greenlight Capital. NYT reports.
BofA proposal makes mockery of oversight: Mayo
BofA's move to combine the role of CEO and board chair makes a mockery of efforts to improve bank oversight, Mike Mayo said.
Calpers, Calstrs oppose CEO-chairman role at BofA
Two public pension funds oppose an amendment of bylaws at Bank of America that would allow Brian Moynihan to continue as both CEO and chairman.
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