The Idea That Innovation No Longer Drives Growth Is Becoming Very Popular
The idea that innovation and new technology have stopped driving growth is getting increasing attention. But it is not well foundedBOOM times are back in Silicon Valley. Office parks along Highway 101...
View ArticleBumi's Chairman Accused Founder Nat Rothschild Of Hacking Into His Email
The Bumi saga deepened on Friday with allegations that hackers broke into the chairman's computer to steal documents used to spark a crisis at the mining group.An investigation by a private security...
View ArticleIndia Is Finally Making Its Big Comeback
The Indian economy is coming back. After several years of disappointing performance, the authorities are shifting to policies aimed at boosting the annual growth rate closer to the roughly 9% level...
View ArticleThe Fed Just Doubled-Down On A Plan That Led Us Into The Financial Crisis
The wrong medicine is being applied to America’s economy.Having misdiagnosed the ailment, policymakers have prescribed untested experimental medicine with potentially grave side effects.The patient is...
View ArticleHere's An Idea For Raising US Revenue That Congress Might Not Shoot Down
With America’s elections less than six weeks away, it is time to think seriously about what will be done afterwards to deal with the nation’s fiscal mess.Regardless of who wins, addressing the problem...
View ArticleGMO: Here Are 10 Scary Signs Of Fragility In China's Massive Financial System
The Chinese economy is "very credit dependent", warn GMO analysts Edward Chancellor and Mike Monnelly. Not long ago, cities like Wenzhou would see bad debts surge, and small business owners and...
View ArticleThe Last Remaining Store Of Real Wealth
Yeah, The Last Remaining Store Of Real Wealth is somewhat tongue in cheek. I'm talking about pensions here, and despite the fact that hundreds of millions of people, especially in the west world, count...
View ArticleIn One Slide, Barclays Shows Why There's Going To Be A Surge In Mergers &...
Great slide from Barclays showing the two reasons there will be a lot more M&A volume.1: M&A volume picks up when volatility is low. Volatility has been collapsing.2: Yields on assets are very...
View ArticleUnion Membership In America Continues Its Long Decline
Even as the labor market expanded in 2012, union membership fell again, both in the private and public sectors, according to data released this morning by the BLS.–Among all workers, 11.3%, or 14.4...
View ArticleOil Is Getting Slammed
West Texas Intermediate crude oil futures are taking a dive. The selling really started accelerating around 1 PM ET this afternoon.Right now, futures are down 1.6 percent on the session on relatively...
View ArticleThe One Thing Holding Argentina Together Seems To Be Falling Apart
Argentina is in trouble. The IMF is deciding whether or not to punish the country for allegedly manipulating inflation statistics, and hedge fund managers in New York City are suing the country for...
View ArticleNigel Farage Couldn't Stop Laughing During David Cameron's Big EU Speech
Last Friday morning, there had been bacon rolls, an enormous pile of them – Nigel Farage's press officer gestured with his hand to show just how enormous – ready for the journalists who would assemble...
View ArticleCHART OF THE DAY: $2.1 Trillion Powder Keg Near The Heart Of The Chinese...
In December, Fitch warned that Wealth Management Products (WMPs) were creating growing risks in the Chinese banking sector.Chinese investors took to the streets to protest that month when the WMPs they...
View ArticleWhy All Of The Conspiracy Theories About Why Germany Is Taking Its Gold Out...
Deutsche Bank commodity analysts Daniel Brebner and Xiao Fu recently weighed in on the German Bundesbank's decision to repatriate part of its gold holdings from New York and Paris back to Germany.The...
View ArticleSTOCKS CLOSE IN ON ALL-TIME HIGH: Here's What You Need To Know (DIA, SPY,...
Stocks continued to head higher.First the scoreboard:Dow: 13,779, +67.1, +0.4 percentS&P 500: 1,494, +2.2, +0.1 percentNASDAQ: 3,153, +10.4, +0.3 percentAnd now the top stories:The Dow and S&P...
View ArticleAPPLE WHIFFS AS IPHONE COMES IN LIGHT, STOCK TANKS (AAPL)
Apple's numbers are out!And they don't look good. As you can see below, Apple missed the expectations of buy-side investors, pretty much across the board.The thing that should make investors super...
View ArticleNETFLIX SHARES SURGE AFTER IT CRUSHES EARNINGS ESTIMATES (NFLX)
Netflix's announced its 4Q numbers this afternoon. The results beat analyst's expectations and the stock is up over 30% after-hours.The two big numbers are below:Revenue: $945 Million versus $934.5...
View ArticleS&P 500 Futures Sink Instantly After Apple Earnings
Perhaps the most anticipated earnings release for investors – Apple– is out, and the company missed expectations on a large number of metrics.S&P 500 futures instantly shed 4-5 points upon the...
View ArticleFINANCIAL ADVISOR INSIGHTS: Rosenberg Says Fear And Greed Drive All Cycles
FA Insights is a daily newsletter from Business Insider that delivers the top news and commentary for financial advisors.Two Extreme Emotions That Never Entirely Go Away Cause Cycles (David...
View ArticleJeff Gundlach Warns Apple Could Go As Low As $300
After Apple missed analyst earnings expectations this afternoon, bond god Jeff Gundlach, the CEO of DoubleLine Capital, joined the folks on CNBC's "Fast Money" to discuss his $425 price target on the...
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