Does a rocky start to the year spell doom for stocks in 2014? A bad Super Bowl omen for consumer-product and auto shares. Ending his final day as Fed chairman Friday, one imagines that Ben Bernanke likely kicked back with…
Author: simont
The Value Seekers
Great article from this weekends Barrons, I encourage anyone who doesn’t have a subscription to get one. Great financial learning tool from some of the smartest investors in the world. Daniel O’Keefe and David Samra scour the world for the…
Bank of America, Freddie Mac in Talks to Settle Mortgage Dispute
Agency Wants Bank to Buy Back More Than $1.4 Billion in Loans Freddie Mac FMCC 0.00% and Bank of America BAC +0.52% are in settlement talks to resolve disputes over more than $1.4 billion in faulty mortgages Freddie has said Bank of America should have to…
SAC, U.S. to Unveil Record Insider Pact
Hedge-fund group SAC Capital Advisors LP and federal prosecutors in Manhattan are expected to announce a record insider-trading settlement Monday, according to a person familiar with the matter. Under the deal, the firm run by Steven A. Cohen is expected to agree…
Breaking Into Cybersecurity
This Friday November 1st, we will be pitching a cyber security stock known as CHKP. In the article below you can read about CHKP and other competitors. It is a fascinating growth industry and should be a great addition to…
Employers Add 148,000 Jobs; Unemployment Falls to 7.2%
Figures Come In Below Economists’ Expectations U.S. employers added just 148,000 jobs in September, a sign the labor market stumbled heading into Washington’s latest round of budget battles. Full WSJ analysis: U.S. employers added 148,000 jobs in September, weaker than…
House, Senate Work on Competing Budget Proposals
The way out of a budget standoff that threatens to trigger a debt crisis later this week was clouded Tuesday as the House and Senate worked on competing plans to raise the nation’s borrowing limit and fully reopen the federal…
The High Price of Digging Up Dirt in China
Folks – With all that is going on with the looming Debt Ceiling Debacle and the implications it has on the markets, I’d like to take some attention to a global story I read in this weekends Barrons. It is…
New Capital Rules to Factor Into Banks’ ‘Stress Tests’
Big Institutions Must Consider Basel III in Assessing Strength This Year, Fed Says The largest U.S. banks will have to start incorporating newly minted capital rules into their annual “stress tests” this year even though the requirements have yet…
Home Sales Hit Highest Level Since 2007
Sales of previously owned homes rose unexpectedly in August to the highest level since 2007 as potential buyers rushed to lock in deals before mortgage rates increased further. But the industry’s trade group warned that home sales could slow in…