@TBPInvictus If you’re just joining us, here’s our story thus far: Some on the right took a fairly benign article out of a Seattle publication and twisted it to fit their agenda, i.e. that the increased minimum wage there would spell disaster for the Seattle restaurant scene as eateries closed in rapid succession. Their hopes...Read More
Via Chief Investment Officer, we see this amusing comparison of major university endowments. I am not sure how the winners are determined, other than where a small subset of asset managers would like to one day work. Based on the recent performance data I have seen, there seem to be lots of under-performers. Well, at...Read More
Act. v. What a financial market supposedly does. As if it were a living creature with a sense of self and volition... Depicting a financial market as an athlete sprinting, leaping or cliff diving makes news coverage more exciting than a droning flux of numbers. The above definition is from “The Devil’s...Read More
Merrill broker banned; Twitter earnings; Clinton on Wall Street; "Barbecue Smoke Sparks Feud Between Florida Neighbors"; and more.
Apparently it'll do wonders for your relationship, or something.
Cherish your unlimited bathroom breaks, investment banking interns.
The country's war against its international creditors has taken a kind of amazing turn.
Brace yourselves, would-be chartered financial analysts.
He's gotta go see about a banker.
You say potato, Trump says "I'm worth $10 billion."
Intel and Micron’s new memory-chip technology, “3D XPoint,” reads and writes data via a change in the chip’s material properties, rather than by an electron in a transistor. Following the announcement earlier today by Intel (INTC) and Micron Technology (MU) of a new kind of memory chip, I spoke by phone with executives from both [...]
Twitter (TWTR) has reversed an early surge of nearly 11%, following better-than-expected Q2 results, its shares now down $1.70, or almost 5%, at $34.75, in late trading, as the company proceeds through its earnings conference call. Twitter’s revenue outlook for this quarter, given earlier, was below analysts’ expectations, but the full-year view was better than [...]
Shares of Internet bandwidth provider Akamai Technologies (AKAM) are down $7.65, or over 10%, at $66, in late trading, after the company delivered a weaker-than-expected Q2 earnings report, and forecast this quarter’s revenue and profit below consensus. The content-delivery and Internet security firm posted adjusted earnings of 57 cents a share, a penny below Wall [...]
Shares of software vendor Citrix Systems (CTXS) are up $2.58, or 3.7%, at $72.21, after the company this afternoon said its CEO, Mark Templeton, will step down, as the company brings activists Elliott Management on board, and re-affirmed its year outlook but missed with the current quarter view. For Q2 ending in June, Citrix reported revenue rose almost 2%, year [...]
Shares of local reviews site Yelp (YELP) are down $4.96, or over 14%, at $28.55, after the company this afternoon reported Q2 revenue that topped expectations, but missed on the bottom line, and forecast revenue this quarter, and for the full year, below consensus, sending its shares sharply lower in late trading. Revenue in the three [...]
There's no "Holy Grail." But sometimes a confluence of possibilities arises. IWM tested the MA200 and the May lows and plummeted to RSI4 circa '10'...and it's enjoyed a little bit of a bounce. I bought some calls with price around 120. Show More Summary
Shares of chip maker Atmel (ATML) were halted in late trading just before the company reported Q2 revenue and profit that fell short of analysts’ expectations, and offered a Q3 revenue view that also missed by a wide margin. Revenue in the three months ended in June fell 4%, year over year, to $306.4 million, yielding [...]