Are Stocks the Bargain You Think?The NY Times’ David Leonhardt tackled that question today, taking on conventional wisdom and some of Wall Street’s most legendary investors in the process. …
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The Federal Reserve is widely expected to cut rates later today; the only real question is by how much. Perhaps a better question is whether rate cuts will do any good in the short term, and what kind of long-term affect they will have on the economy.Shor
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It’s not all bad news on Wall Street, at least not for those at the top of the heap.
Goldman Sachs, who pays out the most in bonuses each year, on Wednesday named 94 new members to its elite club of partner managing directors. This group of 443 men and women typically share a fifth of the firm’s bonus pool, […]
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Tuesday’s huge rally and expectations for rate-cuts not just from the Fed but central bankers worldwide helped global stocks rally Wednesday.U.S. …
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With commodity prices sagging in line with global growth, BHP Billiton’s mammoth, unsolicited bid for rival Rio Tinto might seem a lot less threatening. Certainly the price of the deal has a lot less wow in it, having fallen from $170 billion to under $70 billion in just a few short months. And in a […]
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From Silicon Alley Insider, Oct. 29, 2008:Yahoo management’s moves over the past year are rapidly slipping into tragicomedy. As we’ve noted frequently over the past few weeks, the Yahoo-Google search deal is on the rocks, and both the company and now Wall
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Hindsight being 20-20, it was clear the stock market was primed to rally, as it did with reckless abandon on Tuesday. Following big gains in overseas proxies, the Dow jumped 889 points, its second-biggest point gain in history; all 30 D
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Big tech stocks have taken a beating lately, but does that mean it’s time to buy, or is there more pain on the horizon?The problem, says my guest Paul Kedrosky, is that the facets that once gave tech its safe-haven status are now seen as detrimental. In p
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