George Soros: US Should Befriend China To Avoid World War
Billionaire George Soros believes that the United States could be poised for World War 3, and one way to avoid it is to befriend China. (more…) Read More
The Federal Reserve To Conduct Stress Tests Assuming 12% Unemployment
The Federal Reserve has asked top 30 banks in the United States to make sure that they have enough buffering capital to withstand the worst economic conditions. The Fed... Read More
George Soros' Good Timing On Gold Likely Netted $90M
You know what? Gold prices have been rising since July 1999, after hitting the 20-year low of $252.80 an ounce. Today, it stands at $1,783.60, recording over 600 percent growth... Read More
Sell Side Analysts Score a Big Fat F on Knight Capital
We all know what went wrong with Knight Capital Group Inc. (NYSE:KCG) last week. The big bug on the new trading platform inadvertently purchased stocks of many American corporations without... Read More
Kingstown Capital Up 10.6% YTD; Fund Buys RGS, VRNT, BKS and CMVT
Kingstown Capital is a New York-based, value oriented hedge fund. It reported -0.7 percent return in the second quarter, and 10.6 percent year to date. The firm has yielded average... Read More
Google Executive Marissa Mayer Surfs to Yahoo
In a move that surprised everybody, long-time Google Inc (NASDAQ:GOOG) executive Marissa Mayer has been appointed as the president and CEO of Yahoo! Inc. (NASDAQ:YHOO). Ms. Mayer, who was... Read More
JPMorgan Earns $5B Profit in Q2, Loses $4.4B on Trades
JPMorgan Chase & Co. (NYSE:JPM) announced the second quarter results on Friday, reporting the net profit of $5 billion or $1.21 per share, which is 9 percent down from... Read More
Barclays Chairman Resigns Over Rate-rigging Scandal
After a devastating blow to Barclays PLC (NYSE:BCS) (LON:BARC) reputation due to interest rate-fixing scandal, the bank's chairman Markus Agius resigned today. Chief executive Bob Diamond, too, is under immense pressure to... Read More
Impoverished Spain Bails out Cash-strapped Bankia
Soon after the Spanish government announcing a €19 billion ($23.78 billion) bailout of troubled Bankia SA, the country's 10-year bond yield rose 0.18 percent point to 6.47%, putting the... Read More
