Blog Profile / Business Insider: Money Game

Filed Under:Business & Finance
Posts on Regator:49423
Posts / Week:124.1
Archived Since:February 11, 2009

Blog Post Archive

Wells Fargo has some explaining to do (WFC)

Wells Fargo has a lot of explaining to do. The bank, once the largest bank in the US by market cap, and its CEO John Stumpf have been raked over the coals following the revelation that 2 million accounts were opened without customers'...Show More Summary

OPPENHEIMER: Twitter doesn't make sense at this price (TWTR)

After news of a potential acquisition on Friday, shares of Twitter shot up 22% in trading, going from just over $18.50 per share to more than $22 per share. According to Jason Helfstein, an analyst at Oppenheimer, no one should buy Twitter...Show More Summary

Here comes the Dallas Fed ...

The Dallas Federal Reserve will release the September results of its survey of manufacturing executives at 10:30 a.m. ET. Economists forecast that the index of activity will be negative, at -3. That would be an improvement from the reading of -6.2 reported in August. Show More Summary

The pound fell back to near Brexit lows (USD, DXY, JPY, NZD, NOK)

The British pound has tumbled back to near Brexit lows. The currency is down 0.2% at 1.2933 against the dollar as of 7:33 a.m. ET — not that far off of the post-Brexit low of 1.2798. Separately, a new KPMG survey found that just over three-quarters of the 100 CEOs surveyed were considering relocating their companies because of the Brexit vote. Show More Summary

A 28-year-old raised $75 million for his new hedge fund

Jamie Sterne has raised $75 million for his new hedge fund. No big deal, you might think. There are hundreds of hedge fund launches every year. Except Jamie Sterne is just 28 years old. Sterne launched Skye Global Management in July, according to a person familiar with the matter. Show More Summary

If Apple built a car, here are the companies it would probably work with (AAPL)

Earlier this week, it came out that Apple was kicking the tires on buying an existing stake in McLaren, a British automotive company best known for making million-dollar supercars. A ton of Apple observers and stakeholders are taking...Show More Summary

A Mexican oil tanker went up in flames on Saturday — and it's still not clear why

An fire aboard one of Mexican state oil company Pemex's oil tankers in the Gulf of Mexico on Saturday forced the crew to evacuate, in what is the latest accident to plague the struggling state-run firm. The blaze, reportedly caused by...Show More Summary

Here are all the billions investors are missing out on because of negative interest rates (JPY, EUR)

Fixed-income investors would be doing a lot better if interest rates — and the yields on their investments — were higher. As of September 12, the total global stock of negative-yielding sovereign debt was $10.9 trillion, according to...Show More Summary

Apple may be shopping for car companies, but Tesla shouldn't be on its list (TSLA, AAPL)

Last week, rumors circulated that Apple was investigating an investment in or an acquisition of British supercar maker and Formula 1 powerhouse McLaren. McLaren said that the reporting was off the mark, but it's obvious to anyone paying...Show More Summary

The 'new housing crisis' is already slowly being solved

The US housing market looks very different from its shape in 2008. It reached a breaking point and nearly cratered the financial system after mortgages were approved for too many people that were least likely to pay back on time. The...Show More Summary

STOCKS FALL TO END THE WEEK: Here's what you need to know

Stocks sunk into the red all day on Friday, but still finished solidly positive for the week. All three indexes declined, while oil dropped off the table on new rules from the Federal Reserve and reports of disagreements within OPEC. We've...Show More Summary

Bank of America has officially crowned one of the most senior women in finance

It's official: Sanaz Zaimi is now the sole head of fixed income, currency, and commodity — FICC — sales at Bank of America Merrill Lynch. Zaimi took that job on an interim basis in March when her cohead, Bryan Weadock, went on leave....Show More Summary

One of Bank of America's top staff went on leave, and now he's not going back

Bryan Weadock, the cohead of global fixed income, currency and commodity sales at Bank of America Merrill Lynch, will not be returning to the bank after a period of leave. The bank announced in March that Weadock would go on leave, and...Show More Summary

Americans are paying more taxes and that's great news for workers

People don't like paying taxes, but in some circumstances it's for their own good. The growth of employee tax withholdings, or the payroll taxes being withheld by the government, have been steadily increasing over the course of the year, according to Joe LaVorgna, chief US economist at Deutsche Bank. Show More Summary

Here comes the Baker Hughes rig count...

The latest data on active US oil rigs from oilfield-services giant Baker Hughes will be out at 1 p.m. ET. Last week, t he number of active US oil rigs rose by two to 416. Meanwhile, the tally of gas rigs fell by three to 89, and miscellaneous...Show More Summary

Here's one overlooked reason why it makes total sense for Salesforce to buy Twitter (CRM, TWTR)

Salesforce is rumored to be one of the parties interested in buying Twitter, according to a CNBC report on Friday. Why in the world would Salesforce, a business software company mostly used by salespeople, be interested in a consumer...Show More Summary

Oil is plummeting after getting hit with a one-two punch

West Texas Intermediate crude oil is down 3.2% at $44.84 per barrel after getting hit by a one-two punch of bad news. First, Bloomberg reported that a member of the Saudi delegation said he does not expect an oil production freeze agreement...Show More Summary

RBC: Netflix stock could double in the next 3 years (NFLX)

Netflix stock could double to $200 over the next three years, according to Mark Mahaney, the lead internet analyst at RBC Capital Markets. "Amongst the FANG [Facebook, Amazon, Netflix, Google] names, this is the one that's most underperformed,"...Show More Summary

Credit Suisse has been firing staff in New York

Credit Suisse has been firing staff in New York over the past few weeks. Guy Cirillo, a veteran trading executive at Credit Suisse known for his expertise in electronic trading, is among those to have left the Swiss bank, according to...Show More Summary

When keeping it old school in the bond market goes wrong

Despite the rise of the internet, smart phones and Pokemon Go, most fixed income markets have done an excellent job of shunning technology and remaining true to their unstructured, OTC origins. Like the last uncontacted tribes in the...Show More Summary

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