Wall Street closed up fractionally (SPY +0.05%) having traded mostly sideways with a slight trend towards the green. Investors are concerned and unsure what the Fed might, or might not, do. Both the US dollar and Crude prices gained ground.
JERUSALEM/DETROIT (Reuters) - Intel Corp agreed to buy Israeli self-driving technology firm Mobileye for $15.3 billion on Monday in a deal that could thrust the U.S. chipmaker into direct competition with rivals Nvidia Corp and Qualcomm Inc to develop driverless systems and components for global automakers.
NEW YORK (Reuters) - Verizon Communications Inc sought almost triple the price reduction that it ultimately obtained for Yahoo Inc's core assets following two massive cyber attacks at the internet company, according to a Yahoo filing.
NEW YORK (Reuters) - Oil prices were steady to soft after touching three-month lows on Monday, testing a slide that began last week when the market became less optimistic that OPEC's efforts to restrict output would reduce a global oil glut amid swelling U.S. supplies.
WASHINGTON(Reuters) - U.S. household wealth has hit record levels. U.S. stock prices recently hit all-time highs. Inflation is nearing the Federal Reserve's 2.0 percent goal, and the world economy including the once-sick eurozone has skirted the risk of a deep new downturn.
(Reuters) - A company owned by the family of Jared Kushner, U.S. President Donald Trump's son-in-law, stands to receive over $400 million from China's Anbang Insurance Group, that is investing in a Manhattan building owned by the Kushners, Bloomberg reported.
NEW YORK (Reuters) - PricewaterhouseCoopers LLP on Monday said it may seek a mistrial in a $3 billion malpractice case over the collapse of Jon Corzine's MF Global Holdings Ltd, saying it was blindsided when the plaintiff changed its theory of why the brokerage failed.
Let's take a breather from more consequential money matters at hand midweek to consider the tending moods of our time and place — while a blizzard howls outside the window, and nervous Federal Reserve officials pace the grim halls of the Eccles Building.
It is clear by now that we have four corners of American politics these days: the utterly lost and delusional Democratic party; the feckless Republicans; the permanent Deep State of bureaucratic foot-soldiers and errand boys; and Trump, the Golem-King of the Coming Greatness. Wherefore, and what the fuck, you might ask.
The Democrats reduced themselves to a gang of sadistic neo-Maoists seeking to eradicate anything that resembles free expression across the land in the name of social justice. Coercion has been their coin of the realm, and especially in the realm of ideas where "diversity" means stepping on your opponent's neck until he pretends to agree with your Newspeak brand of grad school neologisms and "inclusion" means welcome if you're just like us. I say Maoists because just like Mao's "Red Guard" of rampaging students in 1966, their mission is to "correct" the thinking of those who might dare to oppose the established leader. Only in this case, that established leader happened to lose the sure-thing election and the party finds itself unbelievably out-of-power and suddenly purposeless, like a termite mound without a queen, the workers and soldiers fleeing the power center in an hysteria of lost identity.
They regrouped briefly after the election debacle to fight an imaginary adversary, Russia, the phantom ghost-bear, who supposedly stepped on their termite mound and killed the queen, but, strangely, no actual evidence was ever found of the ghost-bear's paw-print. ...
Back in August 2014, we reported that in what appeared a suspicious attempt to boost the pool of eligible, credit-worthy mortgage recipients, Fair Isaac, the company behind the crucial FICO score that determines every consumer's credit rating, "will stop including in its FICO credit-score calculations any record of a consumer failing to pay a bill if the bill has been paid or settled with a collection agency. The San Jose, Calif., company also will give less weight to unpaid medical bills that are with a collection agency." In doing so, the company would "make it easier for tens of millions of Americans to get loans." Stated simply, the definition of the all important FICO score, the most important number at the base of every mortgage application, was set for an "adjustment" which would push it higher for millions of Americans.
As the WSJ said at the time, the changes are expected to boost consumer lending, especially among borrowers shut out of the market or charged high interest rates because of their low scores. "It expands banks' ability to make loans for people who might not have qualified and to offer a lower price [for others]," said Nessa Feddis, senior vice president of consumer protection and payments at the American Bankers Association, a trade group." Perhaps the thinking went that if you a borrower has defaulted once, they had learned your lesson and will never do it again. Unfortunately, empi ...
Authored by Lance Roberts via RealInvestmentAdvice.com,
Last week, I discussed the "World's Most Deceptive Chart" which explored the deception of "percentage" versus actual "point" losses which has a much greater effect on both the real, and psychological, damage which occurs during a bear market. To wit:
"The problem is you DIED long before ever achieving that 5% annualized long-term return.
Outside of your personal longevity issue, it's the 'math' that is the primary problem.
The chart uses percentage returns which is extremely deceptive if you don't examine the issue beyond a cursory glance. However, when reconstructed on a point gain/loss basis, the ugly truth is revealed."
On March 1, the WSJ reported that the options contemplated by the White House in response to recent North Korean acts, include "the possibility of both military force and regime change to counter the country's nuclear-weapons threat." The review came es amid recent events have strained regional stability including last month's launch by North Korea of a ballistic missile into the Sea of Japan, and the assassination of the estranged half brother of North Korean leader Kim Jong Un in Malaysia.
And, according to a report in Yonhap, said "regime change" may come far sooner than expected: the South Korean website writes that U.S. special operations forces, including the unit that killed Osama Bin Laden, will take part in joint military drills in South Korea "to practice incapacitating North Korean leadership in the case of conflict", a military official said Monday.
The U.S. Navy's Special Warfare Development Group, better known as the SEAL Team 6, will arrive in South Korea for joint military drills and take part in an exercise simulating a precision North Korean incurion and "the removal of North Korean leader Kim Jong-un", according to the Ministry of National Defense Monday.
The U.S. Navy SEAL Team Six will join the annual Foal Eagle and Key Resolve exercises between the two allies for the first time, along with the Army's Rangers, Delta Force and Green Berets.
The counterterrorism unit is best known for its removal of Al-Qaeda leader Osama bin Laden in May 2011, known as Operation Neptune Spear. ...
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