Ahmad Nawawi/FlickrInvestors and financial journalists scrambling to find an explanation for the recent plunge in global stock markets have plenty of suspects. Some look abroad for scapegoats: Greece or China. Others blame Janet Yellen: the Federal Reserve she chairs is at long last on the verge of raising interest rates, if only slightly. Personally, I blame the decline in share […]
Bad Day at the Stock Market, Ellen Page vs. Ted Cruz, Dr. Dre Is Sorry: P.M. Links
Robby Soave|Aug. 21, 2015 4:30 pm
ABC News screenshotThe Dow Jones Industrial Average plummeted 500 points on Friday.
Actress Ellen Page, who came out as gay last year, ambushed Ted Cruz at the Iowa State Fair. They argued about gay issues.
Dr. Dre issued an apology for […]
On the heels of President Barack Obama’s trip to Kenya this summer, in which the U.S. president called on Kenya to overcome ethnic divisions, a new study provides insights into the economic cost of segregation in developing countries and how to overcome it.
The study, published in Administrative Science Quarterly, looks at how actors from diverse and competing social groups can […]
A man walks past an electronic stock board of a securities firm in Tokyo, Monday, July 27, 2015. Asian stock markets were lower Monday as weak Chinese manufacturing accelerated the sell-off in oil and other commodities. Investors were also cautious ahead of the Federal Reserve’s policy meeting later this week. (AP Photo/Ken Aragaki)Beijing – […]
Ishares Nasdaq Biotechnology Index (IBB) has been on a tear in the last year, outperforming the NASDAQ and S&P 500 by multiples greater than 3x and 6x, respectively. This rapid appreciation has spurted chatter of a bubble forming in the biotech sector. Even US leaders have expressed a difference of opinion. Yellen, for example, stated back in July 2014 that the biotech industry […]
Thomson ReutersInvestors looking at computer screens showing stock information at a brokerage house in Shanghai.See AlsoFBI chief wants ‘backdoor access’ to encrypted communications to fight ISISRussia woos China before BRICS summitChina’s market crash is reversing the most important thing the government has been trying to do in decadesChina has announced a blanket ban on major shareholder selling for the next […]
REUTERS/Lucas Jackson Traders, governors, and members of the New York Stock Exchange discuss what is happening following a halt in trading on the floor of the exchange in New York, July 8, 2015.Trading was halted at the New York Stock Exchange on Wednesday morning.The latest from the NYSE is that all symbols are not trading and all open orders are […]
Barack Obama is having a pretty good day. On Thursday, the Supreme Court voted in favor to uphold the Affordable Care Act, aka Obamacare.You could argue that he’s having a pretty good presidency overall. On comedian Marc Maron’s podcast on Monday, he listed a bunch of things he accomplished while in office, including “restore people’s 401ks.”A big part of […]
Jun. 25, 2015, 1:45 PM
REUTERS/Jim YoungObama in 2009.President Barack Obama says he saved the American economy … and its stock market.Obama did a victory lap on comedian Marc Maron’s podcast, WTF, earlier this week, and he said people’s lives are better today than they were four years ago, which is ultimately the goal of any presidency. “I can answer unequivocally, ‘Are […]
Jun. 1, 2015, 7:00 PM
jmcangel / flickrWhen you’re reading a book on the beach this summer, don’t forget to keep an eye on these 10 big market themes.Summer is almost here, and for investors June marks the final month of the second quarter: we are almost halfway done with 2015. Right now the big questions surrounding markets are how the […]