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Near-Bankrupt Rome Bailed Out As Italy Unemployment Rises To All Time High, Grows By Most On Record In 2013
Article By: Tyler Durden
Monday, March 3, 2014 5:50 AM EDT
A few days ago, we reported that, seemingly out of the blue, the city of Rome was on the verge of a "Detroit-style bankruptcy."
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Concerns About The Super Potent New Opiate Painkiller Zohydro
Article By: Ilene Carrie
Sunday, March 2, 2014 11:00 PM EDT
Zohydro, a new, super potent opiate pain killer, received FDA approval on Oct. 25, 2014, in spite of significant concerns regarding its potential for abuse.
In this article: ZGNX
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US Dollar: Will It Increase Until Midyear?
Article By: Angelo G. Airaghi
Sunday, March 2, 2014 8:33 PM EDT
The US will continue to unleash its bond-buying program, while Europe could cut rates again in the coming months. The US dollar might rise against major currencies until the middle of the year.
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Liberty Media's Mixed Results Mutes Shareholder Enthusiasm
Article By: Marc Courtenay
Sunday, March 2, 2014 5:08 PM EDT
Despite a decline in net income the media giant helped salvage its quarterly report by announcing improved revenue and affirming its 2014 guidance, but is this enough to reassure investors and boost the share price?
In this article: BKS, BRK-B, LYV, TWC, CHTR, LBTYA, SIRI, VIA
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Pending Home Sales Data Bad – Blamed On Weather, Credit, Affordability
Article By: Steven Hansen
Friday, February 28, 2014 11:21 AM EDT
The pending home sales index for January 2014 was released by the National Association of Realtors (NAR) today, and our analysis suggests that February 2014 existing home sales again may not be good.
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Epic USDJPY Ramp Causes Buying Panic In Futures
Article By: Tyler Durden
Friday, February 28, 2014 11:01 AM EDT
Wonder why the FX "cartel" sent the USDJPY soaring starting sometime around 9:00 am?
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February 2014 Chicago Purchasing Managers Barometer Marginally Rises
Article By: John Lounsbury
Friday, February 28, 2014 10:43 AM EDT
Econintersect: The Chicago Purchasing Managers Index rose marginally, and remains firmly in expansion territory. Employment component of the index rose strongly.
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GDP Q4 Second Estimate At 2.4%, Down From The 3.2% Advance Estimate
Article By: Doug Short
Friday, February 28, 2014 9:50 AM EDT
The Second Estimate for Q4 GDP, to one decimal, came in at 2.4 percent, down from 3.2 percent in the Advance Estimate. The GDP deflator used to calculate real (inflation-adjusted) GDP rose to 1.5 percent from 1.3 percent in the Advance Estimate.
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Mt Gox Files For Bankruptcy After $473 Million In Bitcoins "Disappeared"
Article By: Tyler Durden
Friday, February 28, 2014 9:18 AM EDT
"There was some weakness in the system, and the bitcoins have disappeared. I apologize for causing trouble"
In this article: BITCOMP
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What Stocks & Sectors Are The Biggest Hedge Funds Buying & Selling?
Article By: Moby Waller
Friday, February 28, 2014 8:20 AM EDT
In Q4 2013, the 50 largest hedge funds bought AAPL, CCI, and TWTR; sold LYB, EQIX
In this article: BAC, C, CAM, CCI, LYB, TLM, VLO, VOD, WLL, AAPL, EQIX, SPY, XLB, XLE, XLY, SPX
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Brent/WTI Spread Narrows To 4 ½ Month Low
Article By: OilPrice
Friday, February 28, 2014 8:06 AM EDT
Prices between the two major oil benchmarks – Brent and WTI – have narrowed to their lowest level in four and a half months.
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China Currency Plunges Most In Over 5 Years, Biggest Weekly Loss Ever: Yuan Carry Traders Crushed
Article By: Tyler Durden
Friday, February 28, 2014 7:57 AM EDT
And just like that the Chinese yuan devaluation has shifted away from the merely "orderly."
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Moving Averages: Month-End Preview
Article By: Doug Short
Friday, February 28, 2014 7:50 AM EDT
Here is a preview of the monthly moving averages I track after the close of the last business day of the month. All three S&P 500 strategies are now signaling "invested" -- unchanged from last month.
In this article: VFINX, DBC, IEF, SPY, VEU, VNQ, VTI
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Ukraine Exposure Rattles Russian And Austrian Banks
Article By: Acting Man
Friday, February 28, 2014 7:30 AM EDT
You can't teach an old dog new tricks. At least that is the impression one gets when considering the credit exposure of the two large Austrian Banks still active in the Ukraine (a third one, Erste Bank, wisely shut up shop in Kiev in late 2012).
In this article: RAW.F, AKSJF, EBKOF, VTBR.RUB
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Kansas City Fed: Manufacturing Growth Continues In February 2014
Article By: Steven Hansen
Friday, February 28, 2014 5:32 AM EDT
Of the five regional surveys released to date for February, three show manufacturing expansion.
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Supermajors Balk At Canadian LNG Profit Tax
Article By: OilPrice
Friday, February 28, 2014 5:21 AM EDT
Oil and gas companies hoping to win big on Canada’s nascent liquefied natural gas (LNG) export industry are balking at a new gas tax proposed for British Columbia that is great for the province but tough on the industry wallet.
In this article: CVX, PTR, XOM, A036460.KS, MMTOY
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