Harrison Ford's accident on the set of “Star Wars: The Force Awakens” is coming back to wreak havoc on Foodles Production, a British subsidiary of the Walt Disney Co. In 2014, Ford suffered a broken leg on the set, after being struck by a hydraulic door aboard his character Han Solo’s famed ship,...
PIMCO's Scott Mather thinks negative interest rates are part of the problem, not the solution, for central banks. In recent weeks the topic of negative interest rates has been at the top of mind for investors and economists anywhereShow More Summary
Evening HeadlinesBloomberg: Global Assault on Banks Intensifies as Investors Punish Weakness. Credit Suisse Group AG shares plunged to the lowest in a generation and a one-year contract to insure Deutsche Bank AG debt against default surged to a record as a global rout in financial companies intensified. Show More Summary
This week Donald Trump won 35% of the votes in the Republican primary in New Hampshire, with John Kasich coming in a distant 2nd at 16%. I think this state makes an interesting test case for the theories of why Trump is succeeding. One theory of Trumpism is that people are [...]
More from Trail Guide Feb. 10 Carly Fiorina and Chris Christie end presidential bids Feb. 9 New Hampshire primary results: Trump and Sanders win easily, Kasich places 2nd, Rubio admits debate hurt him Feb. 8 Candidates make final appeals as New Hampshire primary nears Feb. 7 Donald Trump is stuck...
Federal Reserve chair Janet Yellen is back in Congress as part of her semi-annual testimony. On Thursday morning, Yellen is speaking before the Senate Banking, Housing, and Urban Affairs Committee on monetary policy. The highlight of...Show More Summary
RFF on the issues: On Tuesday, the US Supreme Court granted a stay blocking the Environmental Protection Agency from requiring states to submit plans for major reductions in carbon emissions from electric power plants. The stay marks a setback for President Obama’s Clean Power Plan, which aims to reduce carbon...
Marc Andreessen, the hot shot American venture capitalist and a Board Member in Facebook, tweeted yesterday about colonialism and Free Basics upsetting millions of Indians. Even Mark Zuckerberg distanced himself and expressed deep regrets about the whole episode. Show More Summary
Links to the best reading in funds investing: Global stocks are getting crushed again — Riva Gold, The Wall Street Journal “Bill Miller’s a hedge-fund guy now” – Miles Weiss, Bloomberg Bill Ackman is down almost 20% already this year — Reuters The cost of funds absolutely effects the return of investors over the long […]
Gold Surges 3.2% To $1,241/oz As Deutsche Bank And Other Stocks Fall Sharply Gold has surged over 3% today on increased safe haven demand as stocks and in particular bank stocks see sharp falls. German shares have nose dived again and German colossus Deutsche Bank has fallen over 8%. Show More Summary
Boston-based startup DataRobot took in a $33 million investment led by New Enterprises Associates, the startup announced today. The machine learning startup says that with existing offices in Asia, Europe and The U.S., the investment will help fuel global sales and business development. Accomplice, Intel Capital, and IA Ventures also joined the round. DataRobot has […]
The bank was expected to pay $2.6 billion, but it was pushed to offer more in the settlement, with much of the additional money going to New York State.
Benn Steil and Emma Smith at the Council on Foreign Relations present an interesting picture of Chinese reserves. They write: The People’s Bank of China has been selling off foreign currency reserves at a prodigious rate to keep the RMB stable. At $3.2 trillion, China’s reserves still seem enormous. But they are down $760 billion […]
Ever since the BoJ took the plunge into NIRP late last month analysts and commentators alike have begun to express a high degree of skepticism about the wisdom of adopting negative interest rates. Once seen as a kind of peculiar policy...Show More Summary
Just weeks after the Obama Administration scored a victory in its Clean Power Plan, the Supreme Court on Tuesday pushed back by temporarily blocking implementation of the Plan until lower court rulings are complete, which may take years. Show More Summary
Tesla will need to flawlessly launch the Model X SUV to build credibility and restore its sinking stock.
'Deadpool' image courtesy of 20th Century Fox Opening tonight at 7:00 pm, Ryan Reynolds'sDeadpoolmay be something of a ground-breaker. No, it's not the first R-rated comic book movie, or the first R-rated superhero movie. But if it lives up to pre-release tracking and hype, and it delivers on the alleged $55-$70millionfour-day [...]
By Aastha Agnihotri (Reuters) - U.S. stock index futures plunged on Thursday, with risk-averse investors piling into safe haven assets as another sharp fall in oil prices and cautious comments from Federal Reserve Chair Janet Yellen raised fresh doubts about the health of the economy. Show More Summary
In 1976, record label chief Clive Davis faced a strictly pragmatic question. Singer Barry Manilow had just scored the first Grammy Award nominations for Davis' fledgling Arista Records label — including a record-of-the-year nod for his hit single "Mandy" — and the two thought they should celebrate...
After a rally on Wednesday, banking stocks are falling hard again on Thursday. Deutsche Bank is down over 3% in Frankfurt, Credit Suisse is down over 6% in Switzerland, and in London HSBC is down over 4%, Lloyds is down over 4%, Barclays...Show More Summary