Representative Peter King (R-NY) said it would be "very helpful if President Obama went and met with the police officer [Darren Wilson], or invited him to the White House" on Tuesday's "Opening Bell" on the Fox Business Network. He stated...Show More Summary
FBI Files Say Hedge Fund Analyst Made Millions on Tips From Dell Insider (Bloomberg) The FBI files spell it out: An analyst at Citadel LLC, the hedge fund with $23 billion in capital invested globally, told agents he made millions of dollars trading on information from a company insider. Show More Summary
Lavish Perks Spawn New Job Category (WSJ) The nine employees at Pinterest Inc. who report to Jen Nguyen had a busy week in August. One taught a company-only class in muay thai, a martial-arts style with kicks and punches. They put dried mango and fresh towels throughout the online scrapbook service’s new office. Show More Summary
On Wednesday, the House Democratic Caucus convened to elect their leadership. Simone Bell is the new Chief Deputy Minority Whip. As the title says, she is now the first openly-gay/lesbian legislative leader. Pat Gardner is the other addition she will serve as secretary. Show More Summary
Goldman fires staff for NY Fed breach (FT) Goldman Sachs has fired an investment banker who allegedly accessed confidential information from the Federal Reserve Bank of New York, his former employer. Goldman said it had fired Rohit Bansal,...Show More Summary
Good morning! Here are 10 major stories you need to hear about before markets open. The White House Will Back Sanctions Against Venezuela. The Obama administration would like to work with the U.S. Congress to impose sanctions on Venezuela in response to a crackdown on anti-government protests. Show More Summary
Goldman Hits The Mother Lode On Deals (WSJ) Goldman Sachs Group Inc. has cemented its position as the top Wall Street bank for mergers and acquisitions in one of the busiest years in the business. The New York bank, whose name is synonymous...Show More Summary
New images from The Peanuts Movie, Matthew Goode talks working with Benedict Cumberbatch, and more in Last Lap.
The fates of Apple Inc. (NASDAQ:AAPL), Allergan, Inc. (NYSE:AGN) and The Home Depot, Inc. (NYSE:HD) were discussed by CNBC‘s Jim Cramer just before the opening bell today. Apple Inc. (NASDAQ:AAPL) has currently a market cap of about $671 billion. The tech company’s new gadgets were largely a success and now there is news that Tim […]
by Bill Pearis When news broke that Beady Eye had called it quits (yes, it was sad), I pondered aloud if this closing door could be the opening of another leading to a Ride reunion. (Ride's Andy Bell played guitar...
Good morning! Here are some of the major news stories moving markets. The Saudi Oil Minister Seems Comfortable With Lower Prices. Minister Ali Al-Naimi denied that the OPEC cartel nations were engaged in a price war, saying that the market set prices, according to the Financial Times. Oil Prices Slide Again. Show More Summary
Citigroup, J.P. Morgan Take Brunt of Currencies Settlement (WSJ) Citigroup Inc. and J.P. Morgan Chase & Co. agreed to pay more than $1 billion each to resolve allegations that they tried for years to manipulate the foreign-currency market, the biggest fines wrung from a group of six banks by regulators in the U.S., U.K. Show More Summary
As Currency Settlement Draws Near, Barclays Is Said to Get Cold Feet (Dealbook) On the eve of a multibillion-dollar settlement with six giant banks suspected of manipulating the foreign currency market, regulators in Washington and Britain encountered a last-second complication: One of the banks was dropping out of the deal. Show More Summary
What is the deal with Bill Kristol? Is he taking his Dunning-Kruger poster child award into the world of Twitter Comedy? Don't Bill. Just. Don't. Via John Fugelsang's Facebook page, h/t Nicole Belle. Open thread below...
Brokers Attack SEC’s Plan as Trojan Horse Designed to Hurt Them (Bloomberg) Wall Street brokers are in rebellion against a plan to test ways of encouraging more trading of the smallest U.S. stocks, saying the effort was hijacked by exchanges seeking an edge over their rivals. Show More Summary
Good morning! Here's what you need to know. An Overwhelming Number Of Catalans Voted For Independence. Nearly 81% of 2.25 million Catalans who participated in a simulated referendum Sunday said they wanted autonomy from Spain, according to preliminary results. However... Show More Summary
Allianz Raises Payout, Confirms Target Amid Pimco Trouble (Bloomberg) Allianz SE pledged to pay a higher share of profit to shareholders and confirmed its full-year profit target as the Pimco asset management unit struggles to contain outflows following the departure of Bill Gross. Show More Summary
Good morning! Here's what you need to know. It's Jobs Day. The Bureau of Labor Statistics will release October jobs stats at 8:30 a.m. ET. Economists estimate US companies added 235,000 payrolls as the unemployment rate held steady at 5.9%. The Bull Case. Show More Summary
Banks Said to Face U.K. Fines of Up to $380 Million on FX (Bloomberg) The U.K. Financial Conduct Authority is preparing to levy fines ranging from 225 million pounds ($358 million) to 250 million pounds against six banks in the first...Show More Summary
Good morning! Here's what you need to know. The ECB Meeting Is Coming. The big economic calendar event today is the European Central Bank’s rates decision, and Mario Draghi’s press conference. Economists expect no change in policy. However, the post-meeting presser could reveal clues about further easing actions. Show More Summary