US markets made new milestones today with the DOW closing up 50 points, once again over 18 K. The Spooz closed near its session highs marking and new high for the year. While the bulls are partying on, some analysts are clamoring, 'Now is the time to get out'! Traders are wishing for more volatility and let's get on with the show.
(Reuters) - Privately held outdoors retailer Bass Pro Shops has partnered with Goldman Sachs Group Inc's private equity arm to make an offer for U.S. hunting and fishing store chain Cabela's Inc , according to people familiar with the matter.
(Reuters) - Five large U.S. banks cut more than $5 billion from their expenses during the first three months of the year, but it was still not enough to stop the financial bleeding in what was by many measures the worst quarter for Wall Street since the financial crisis.
NEW YORK (Reuters) - Oil prices jumped more than 3 percent on Tuesday after a strike by workers in Kuwait nearly halved the OPEC member's crude production, overshadowing bearish sentiment after Sunday's failure by producers to agree to freeze output levels.
WASHINGTON (Reuters) - The International Monetary Fund and the World Bank said on Tuesday they are joining forces with other international organizations to cooperate on tax issues and develop new tools and standards to halt tax base erosion and evasion.
WASHINGTON (Reuters) - No. 1 office supply store Staples Inc and its biggest rival Office Depot Inc have both touted the office supply market as having just two major players, the U.S. government argued on Tuesday as it tried to get a court to prevent the two from merging.
WASHINGTON (Reuters) - Apple has been asked by Chinese authorities within the last two years to hand over its source code but refused to do so, the company's top lawyer told U.S. lawmakers at a hearing on Tuesday.
Despite the proclamations from any and every Federal Reserve talking-head, Sam Zell appears to be willing to 'peddle some fiction' about the less than awesome reality in America. Having correctly called the top of the last commercial real-estate cycle, Zell is predicting global problems will likely push the U.S. into a recession in the next year...
"I'm not being pessimistic, I'm being realistic," he said last week at a real-estate conference in New York. The U.S. economy is now "in the ninth inning," he said.
While the U.S. is humming along fine at the moment, The Wall Street Journal reports that Mr. Zell warned that it isn't immune to problems in the world economy.
Those problems include low oil prices, falling import demand from emerging economies, volatile financial markets, deflation, possible negative interest rates and currency exchange rate fluctuations, he said.
The Wall Street Journal is careful to play down Zell's dire warning...
This isn't the first time Mr. Zell has talked about a recession.
In 2012, he warned that corporate enterprises were delaying projects and other capital expenditures, indicating a lack of confidence in the economy. He also said the government's quantitative-easing economic stimulus program had created an excess flo ...
Analysts at Bank of America Merrill Lynch may have had Bob Dylan on their minds when they reversed their five-year bearish call on emerging markets to a long-term bullish view, predicting that the chumps of yesteryear will be the champions of tomorrow.
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