With optimism resurfacing over the global economy and the perception that major tail risks in the United States, the euro zone, and China have been mostly squared away, what’s left to worry about We posed the question to our favorite analysts, economists, and traders across Wall Street – and we were surprised at the number […]
After lamenting in a press conference Friday that he could not do more to avert the forced spending cuts known as sequestration, President Barack Obama will sign a sequestration order sometime later in the day. Obama and both parties of Congress have been warning about the cuts of the sequester for the past few weeks. […]
Is there anything better than living right on the ocean Jim Duffy, a former senior partner at accounting firm Deloitte, and his wife are selling their gorgeous five bedroom, 6,433 square foot ocean front hom for $8.3 million, (h/t WSJ). If the ocean isn’t enough of a selling point, this gorgeous house also comes with […]
David Tepper, the founder of $12 billion-distressed-debt hedge fund Appaloosa Management, is one of the most successful hedge fund managers in the world. The billionaire fund manager had a great year with his flagship fund finishing up about 30 percent, according to Forbes. Last year, Tepper was the highest-earning hedge fund manager, taking home $2.2 billion, […]
These buildings were the headquarters of Sears, Roebuck and Co., America’s greatest retailer for seven decades. Sears tested its products and printed the famous catalog in the complex just outside Chicago. But in 1974, the company moved to the Sears Tower and these buildings were left deserted for 30 years. In that time, Sears went […]
Rome, Italy - The Italian election appears to be heading to a chaotic outcome, as the Italian lower house is almost a 3-way horse race between the left (PD), the right (PDL) and the rebellious 5-Star movement (lead by Beppe Grillo). Should you be surprised by this turn of events Not really, here’s why. A […]
Rome, Italy -The first wave of election polls are out, and the good news for international markets is that it looks like center-leftists Pier Luigi Bersani is going to win. But here’s a stunning number. Check out the collapse in support for Mario Monti, the technocrat, Brussels-approved Prime Minister who came in in late 2011 […]
The world is changing, and nowhere is that better illustrated than in a good series of charts. Luckily, we’ve seen no shortage of excellent charts this week that amply illustrate the changes underway. The best charts this week touch on everything from a mysterious 8:20 AM trading pattern to just how bad Wall Street is […]