From private intelligence service STRATFOR comes word that the whereabouts of China’s central bank chief may be unknown, and that he may have defected. Normally, we don’t put much stock in blatant rumors of such things. But we’ve followed STRATFOR for years, and typically they only publish when they feel sufficiently confident the information may have [...]
August 30th – Known for his folksy charm, frugality, prized annual shareholders’ letter, and immense wealth, the “Oracle Of Omaha” Warren Buffett celebrates his 80th birthday, this week on Aug. 30. Revealing a knack for making shrewd business decisions since grade school, the ole’ cornhusker’s well-chronicled career soared “as high as an elephant’s eye” following [...]
Last week, the US Equity Market made two valiant attempts to drop through support at 1,040, (S&P Cash) but bears lacked the conviction to get the job done. Friday’s close ended the week with the market trading through resistance at the top of the range and, for now, the imminent danger of a major decline [...]
By Ilian Yotov, AllThingsForex The U.S. Non-Farm Payrolls and Employment Situation report will take the center stage in the week ahead as investors anxiously wait to find out if the private sector of the U.S. economy would lose jobs in August for the first time this year. In preparation for the new trading week, here is [...]
Some Goldman Sachs traders left their slacks in the closet this morning and broke out the casual wear for the firm’s Securities Division’s charity jeans day. The special occasion allows traders to wear jeans into the office, provided they make a minimum $20 donation to go to an Army-related charity, according to Business Insider. Although not [...]
Academy award winner Michael Douglas is learning the hard way that “greed” isn’t always “good,” as the legal team of the Wall Street movie star battled the attorneys of his ex-wife, Diandra Douglas, in court on Tuesday over the earnings of his role as Gordon Gekko in the upcoming movie Wall Street: Money Never Sleeps. Diandra hit Douglas with [...]
When it comes to metal commodities, attention usually gets focused on gold, silver and platinum. But new opportunities are arising in rare-earth metals, and China is likely to play in a role in investing scenarios. Rare earths consist of 17 different high atomic number substances that share the quality of being difficult to pronounce — [...]
The wheels of justice grind with proverbial sluggishness, but grind they do. Here is a compendium of recent busts, all of which constitute a cautionary tale for investors and traders. Reckless trading was at the heart of a debacle that pared $53 million in assets down to $200,000 in one month, according to a Securities [...]
There’s no error like human error, and it’s always fascinating to see a slight disparity in communication bring on a debacle. Trading in several London Stock Exchange issues was halted this week when “fat-finger” trade entry errors were blamed for throwing circuit breakers. Trading was stopped for the stocks of BT Group, Hays, Next, Northumbrian [...]
As financial reform works its way into law here in the U.S., other nations caught up in the financial crisis are taking their own crack at clamping down on those allegedly responsible for plunging the markets into an abyss. And, like FinReg, this one is likely to overshoot. From the U.K.’s Financial Services Authority (FSA) comes this [...]
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