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David Einhorn Just Revealed A Big Position In A Hardware Company, Now The...
David Einhorn's Greenlight Capital unveiled a big boost in its position in computer hardware maker Seagate Technology, and as expected with Einhorn's magic touch—the stock is rallying. Greenlight's...
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Spanish And Italian Yields Surged Today, Here's What Happens Next
Michala Marcussen, Société Générale's global head of economics, is one of the many experts telling clients this morning that the the 100bn euro package should be enough to credibly recapitalize the...
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Here Are The Key Market Moving Events For Tuesday, June 12
Tuesday is a relatively slow day, with important reads out of the U.K. and France. In the U.S., investors will have the monthly budget statement as well as small business confidence to guide shares....
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Apple Stock Extended Its Stunning Decade-Long WWDC Losing Streak Today (AAPL)
Today was the first day of the Worldwide Developers Conference (WWDC), and Apple unveiled a bunch of new products. However, shares fell 1.6 percent, which was basically in line with the 1.7 percent...
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CHART: Eurozone Bailouts Are Horrible At Lowering Local Government Bond Yields
Anyone who thought the Spanish bank bailout announcement would be followed by a rally in risk asset prices and a collapse in local government borrowing rates may have been a little too optimisitic....
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Asian Markets Fall, As The Spanish Bailout Continues Its Spectacular Unraveling
It is jaw dropping the speed with which the market soured on the Spanish bailout. One moment the banking system appeared to have been given a major shot in the arm, with stocks up over 4.5%. The next...
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SocGen: This Could Be The Best Opportunity To Buy Stocks Since 2009
Top equity strategists have pointed to elevated equity risk premiums as a great reason to buy stocks. When equity risk premiums are high, stocks are either really cheap or bonds are really expensive....
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A Whole Bunch Of Impending Disasters That Are Staring Markets In The Face
This is how it works. When markets are up, people find positive stories to talk about. When markets are down, people focus on the negative. The point is: Markets lead the narrative, not the other way...
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CHART OF THE DAY: The World's Biggest Consumer Goods Company Shows That...
Proctor and Gamble unexpectedly cut guidance this morning, sending shares down in pre-market trade. In a statement, Procter said "the revisions to the Company’s fourth quarter outlook are primarily...
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What Wall Street Analysts Are Buzzing About This Morning (SO, WAG, FDX, VF)
Good morning. Here's your daily equity research round up from the Street. Bank of America: The Southern Company (SO): BAML has downgraded The Southern Company from Buy to Neutral, primarily due to a...
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IAN BREMMER: Five Reasons Why The G20 Won't Ever Accomplish Anything
Political scientist and Eurasia Group president Ian Bremmer says the G20 will never be able to achieve anything in a new op-ed in the Financial Times. He gives five reasons why the G20 is not and...
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Art Cashin Has The Best Preview Of Today's Fed Meeting That We've Seen
UBS floor guy Art Cashin has a great preview of today's Fed announcement. Here are the key points: The conventional wisdom is that the Fed will only extend Operation Twist (selling short end bonds,...
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8 Top Wall Street Economists Preview Today's FOMC Meeting
In just a few hours, the Federal Reserve led by Chairman Ben Bernanke will conclude its Federal Open Market Committee meeting and publish is decision on monetary policy. The sentiment on Wall Street...
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Dear World: Beware Of Greek Voters Bearing Gifts
Markets are rallying on reports that a Greek government coalition will be confirmed today and that Antonis Samaras will be sworn in as prime minister. But in a new note, HSBC chief economist Stephen...
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FINALLY: Greece Has A Government, Samaras Sworn In As Prime Minister, And The...
UPDATE: Greek New Democracy candidate Antonis Samaras has officially been sworn in as new prime minister of Greece. The ceremony just concluded in Athens brings together a coalition government made up...
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ROBERTSON: Sell The Euro And Buy Scandinavia
In an interview with Bloomberg this morning, Julian Robertson of Tiger Management said he would continue to short the Euro against "various currencies." "We cannot forget that the Scandinavian...
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What Today's Big Fed Announcement Means
At 12:30 PM today, the Fed makes its next monetary policy announcement. Thanks to the slowing economy and the crisis in Europe, there are many who believe more quantitative easing is coming today. In...
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SocGen: Gold Could Surge Over 500%
Societe Generale is "enthusiastic on gold" -- so much so that in their latest cross-asset strategy report, they call "buy gold ahead of QE3" their number one strategy, saying it's "the perfect asset to...
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Spanish Yields Are Tumbling
Spanish borrowing costs continue to fall from a euro-area record high set earlier this week. Yields on the ten-year fell approximately 30 basis points to 6.7430 percent. Shorter-term debt has also...
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The Most Impressive Rags-To-Riches Stories Among Today's Top Billionaires
The sums of money possessed by the billionaires atop the Forbes' 400 is so vast and (with some obvious exceptions) their ages so...advanced...that it would seem they had their billions for most of...
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