Authored by David Stockman via Contra Corner blog,
The financial system is loaded with anomalies, deformations and mispricings - *outcomes which would never occur on an honest free market.* For.. Zero Hedge
Goldman Sachs sent an email to customers of GS Bank Thursday, saying the bank was rebranding the service to "Marcus by Goldman.” The company also announced it was improving the "mobile experience,".. Source: Wochit Business -
Wall Street bonuses may climb as much as 10 percent this year, in the first meaningful jump for the industry since 2013, according to a closely watched report. Bankers who advise companies on issuing.. Source: Wochit Business -
Amazon is racing to become one of the world's first $1 trillion companies, with Apple currently poised to take the crown in the next few months. Apple is currently the world's most valuable company by.. Source: Wochit Business -
Morgan Stanley has released the stocks its analysts think could lose more than half their value. Analysts say the value could diminish in the next 12-18 months. These "secularly challenged stocks," as.. Source: Wochit Business -
Morgan Stanley's wealth-management business produced record revenue in the third quarter. Most of its clients are very wealthy — its CEO says 98% of assets come from people with more than $100,000 at.. Source: Wochit Business -
Authored by Raul Ilargi Meijer via The Automatic Earth blog,
*Here’s the story in a nutshell*: *Ultra low interest rates mark a shift away from people’s wealth residing in their savings and.. Zero Hedge
Much like the historic run that nearly resulted in the collapse of the global financial system in 2009, home prices in the U.S. are once again looking more like an Amazon or Facebook stock price chart.. Zero Hedge
Senate Republicans voted late on Tuesday to strike down a new rule that would have allowed millions of Americans to join together in class-action lawsuits against financial institutions, according to.. WorldNews
Authored by John Rubino via DollarCollapse.com,
*There’s a debate raging over what, exactly, bitcoin and the thousand or so other cryptocurrencies actually are. *Some heavy-hitters are weighing in.. Zero Hedge
Thirty years ago, the Dow Jones Industrial Average plunged by 22.6% — a gut-wrenching 508 points — to 1,738.74 on what is now referred to as Black Monday.
It was by far the largest one-day.. Business Insider
Economist Richard Thaler was awarded the 2017 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel for his contributions to behavioral economics on Monday.
It's generally.. Business Insider
Authored by Mike Krieger via Liberty Blitzkrieg blog,
Two very important articles published in recent days serve to *once again highlight America’s metastasizing elite criminality problem*. A.. Zero Hedge
The US housing market has recovered from the 2008 sub-prime mortgage crisis by at least one metric.
Today, more than one in 25 ZIP codes in America could be called a "million-dollar ZIP." That's 172.. Business Insider
Just as the development of electronic trading led to mass downsizing on sales desks across Wall Street, advances in artificial intelligence could decimate the ranks of banks’ back-office staff,.. Zero Hedge
Justin Lin will direct a drama based on the PBS documentary “Abacus: Small Enough To Jail” about a small Chinatown bank that was the only bank to be prosecuted following the 2008 mortgage crisis,.. The Wrap
The explosive growth of the cryptocurrency market even has readers of blockchain news site CoinDesk thinking there is a bubble in the $164 billion market.
Since the beginning of the year, the.. Business Insider
Expensive property markets, soaring levels of household debt and predatory lending practices have come under fire with experts warning thousands of households are on the verge of mortgage stress. Brisbane Times Also reported by •Sydney Morning Herald •The Age
Wednesday was the second day of the Woodstock Music Festival. At this time, 48 years ago, I was not -- along with many others -- exactly of sound mind! This Wednesday morning's rambling, nearly five.. WorldNews
If you're still on the fence about whether the auto market in this country is anything but a massive bubble being propped up by extremely loose credit underwriting standards, then we think Equifax has.. Zero Hedge
· *The Game is promoting the initial coin offering, a blockchain-based fundraising method, of a tech company looking to transform the cannabis industry.*
· *The market for ICOs has exploded to $1.8.. Business Insider
*Welcome to Finance Insider, Business Insider's summary of the top stories of the past 24 hours.*
Some of the world's largest hedge funds have lost money this year – or made barely any – even.. Business Insider