With the help of 3,000 hardcore fans, Andy Weir wrote the book that is now the fall's hottest movie. Not long ago Andy Weir, the author of The Martian, watched Ridley Scott's adaptation of his book for the first time. Read Full Stor...
Remember when then Federal Reserve Board Chair Ben Bernanke assured the public that the problems in the financial system will be restricted to the subprime market? This one ranks, along with some comments from and about Alan Greenspan, as one of the worst economic predictions of all time. Show More Summary
Welcome back to the workweek. Start it off right with our artisanal morning train reads: • Thoughts on Hedge Funds (A Wealth of Common Sense) see also Most Hedge Funds had a Terrible September (Eqira) • Bernanke: How the Fed Saved the...Show More Summary
Getty Images By Brian O'Connell NEW YORK -- The Dow Jones industrial average (^DJI) is down 7.6 percent for the year -- having fallen as much as 10 percent in recent days -- and that's a number that gives any retiree the shakes. After all, retirees largely live on their retirement assets, and to see the U.S. Show More Summary
European markets jumped up at the open on Monday, as a poor US jobs report last week signalled the era of record low interest rates will continue. Asian markets have also been jumping. Mic Mills, head of client services at CapitalIndex...Show More Summary
I spoke to American Apparel founder Dov Charney this morning. Although the company filed for bankruptcy last night, about 18 months after he was fired, his mood was... strangely ebullient. He remains furious that his company has been trashed by its new management, of course. Show More Summary
By Shinichi Saoshiro TOKYO (Reuters) - Asian stocks rose early on Monday after prospects of a near-term interest rate hike by the Federal Reserve ebbed in the wake of Friday's weaker-than-expected U.S. employment data. Data released Friday showed U.S. Show More Summary
For those who may be unfamiliar - which would mean roughly 90% of the US population who believe the Federal Reserve is a national park - Ben Bernanke was Fed chairman from 2006 until 2014. He is better known as the Fed chairman who never launched a tightening cycle during his tenure. Show More Summary
``"Hedge funds are reeling from a relentless rout that has all but killed a year's worth of alpha in a matter of two weeks," Stanley Altshuller, founding partner at research firm Novus, wrote in a report... he sudden, sharp drops could...Show More Summary
Authored by Mark St.Cyr, Once again via a stunningly dismal monthly “jobs” report we were shown just how inept the Federal Reserve is in its ability to deliver a qualitative as well as quantitative resolution to one of its core mandates. Show More Summary
Arthur Fixed has a history of making extraordinary profits in financial markets. His three most successful speculations were: Shorting the USA stock market during the 1987 crash Being long on real estate from 1994 to 2007 Shorting the Internet bubble in 2001 A new opportunity may now dramatically outdo these successes. Show More Summary
The local market is tipped to open higher after Wall Street lifted on expectations a US rate hike will be delayed thanks to a weak jobs report.
This past week, Tesla pulled the cover off its hotly anticipated new crossover SUV, the Model X. Elon Musk's startup electric-car maker threw a very big, very Tesla party in Fremont, California, where Tesla's is headquartered and operates its main factory. We already knew pretty much everything about the Model X, but seeing was definitely believing. Show More Summary
[Over at Equitable Growth]: In what way does Peter Gourevitch think that Paul Krugman's analysis of the Federal Reserve is wrong? Here we have, first, Gourevitch saying: "opinions of the shape of the earth always differ": Peter Gourevitch:...Show More Summary
With supply set to increase meaningfully over the next few years, JPMorgan sees a buyer's market until 2020 with limited new long term contracts being signed and renewal of existing contracts post expiry likely to have more price diversification (i.e. Show More Summary
By way of excuse for what President Obama called "a tragic incident," (and The UN called a 'war crime') US officials have claimed that the Taliban were fighting from within the Kabul hospital (which was destroyed by a US air strike yesterday...Show More Summary
Washington Examiner, Jordan: Congress Will Impeach IRS' Koskinen: This Congress will impeach IRS Commissioner John Koskinen, Rep. Jim Jordan, a member of the House Oversight Committee, told a group of students from the Young America's Foundation Saturday. "It is something that has to be done," said the Ohio Republican. "If...
We have been studying the behavior of the financial markets in the past few months and quarters was we are convinced that not only is the economy running out of steam, there might be another overdue correction. What really frightened us is the fact there are several similarities and correlations with the previous market crashes in 1929 and 2008. Show More Summary
VideoI found myself rolling my eyes the other night as I listened to President Obama give yet another empty speech about gun violence, this time about the horrific massacre in Roseburg, Oregon. It wasn’t his listlessness that bothered me, nor did I disagree with the points he made, but it [...]
Baltimore: Steve Smith Sr. leads the Ravens with 29 catches for 373 yards and two touchdowns. He also has the third-most receiving yards in the league. Buffalo: Running back LeSean McCoy (hamstring) will not play this week against the Giants. Rookie Karlos Williams will make his first career start....