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Why a cutback in oil production is sorely needed

How deep is the hole the oil industry is currently stuck inside? To figure that out, you only need to look as far back as last week, which saw another two trainloads full of oil derail and storage..
Huffington Post 1 hour ago

News article

Annaly CEO: Central Bankers Are Witch Doctors, Demands "Return To Market-Driven Pricing"

annaly ceo: central bankers are witch doctors, demands return to market-driven pricingSubmitted by Mike Krieger via Liberty Blitzkrieg blog, *The story of bloodletting is intertwined in the mysterious fabric of medical lore; it originated from magic and religious ceremonies. The..
Zero Hedge 5 hours ago

Videos for Bloomberg

News video: Google Preparing to Launch Ride-Hailing Service: Bloomberg

Google Preparing to Launch Ride-Hailing Service: Bloomberg 00:48

Bloomberg News reported, citing a person close to Uber's board that Google is preparing to offer its own ride-hailing service, putting it in direct competition with Uber. Google is one of the biggest..
Source: Wochit Tech - on February 3, 2015

News video: Bloomberg: American Express and JetBlue Ending Card Partnership

Bloomberg: American Express and JetBlue Ending Card Partnership 00:34

According to a published report, one day after American Express said that its credit card partnership with Costco Wholesale Corp would end next year, Amex is also ending its co-branded card deal with..
Source: Wochit Business - 2 weeks ago

News video: JPMorgan Profited From Soaring Swiss Franc: Bloomberg

JPMorgan Profited From Soaring Swiss Franc: Bloomberg 01:03

Citing two people with knowledge of the matter, Bloomberg has reported that JPMorgan Chase's currency traders made a profit of as much as $300 million when the Swiss central bank shocked markets by..
Source: Wochit Business - on January 27, 2015

News video: Obama to Announce Cut in FHA Premiums

Obama to Announce Cut in FHA Premiums 00:37

Bloomberg reported on Wednesday that President Barack Obama is set to announce a 0.5 percentage-point reduction of Federal Housing Administration mortgage insurance premiums to 0.85 percent. Citing..
Source: Wochit Business - on January 7, 2015

News video: Citi Lost More Than $150 Million on Currency Swings: Bloomberg

Citi Lost More Than $150 Million on Currency Swings: Bloomberg 00:45

Bloomberg reported that Citigroup, the world's biggest currencies dealer, lost more than $150 million after the Swiss central bank decided to let the franc trade freely against the euro. The losses..
Source: Wochit Business - on January 17, 2015

News article

Announcing the 2015 Lime Connect Fellowship Program for Students with Disabilities

An exciting experience for current university sophomores to connect with PepsiCo, IBM, Google, Target, Goldman Sachs, Bloomberg and JP Morgan - deadline is April 5, 2015 New York, New York (PRWEB)..
PRWeb 10 hours ago

News article

Self-Aware? World's Largest Hedge Fund Shifts Strategy To Artificial Intelligence

self-aware? world's largest hedge fund shifts strategy to artificial intelligenceDespite warnings from the likes of Elon Musk and Stephen Hawking (and of course, Sarah Connor),* Ray Dalio's $165 billion AUM hedge fund Bridgewater will start a new, artificial-intelligence unit next..
Zero Hedge 22 hours ago

News article

CPAC 2015: Right-Wing American Dream Kind of Crappy

(Photo: C-SPAN) (L-R) Raffi Williams of the Republican National Committee, Charlie Kirk of Turning Point USA, U.S. Representative Mia Love and U.S. Senator Ben Sasse, appear on a panel about..
The American Prospect 22 hours ago

News article

Christie Blusters His Way Through CPAC Appearance

(Photo: C-SPAN) New Jersey Governor Chris Christie wasn’t going to let something like record-low approval ratings get him down as he took the stage Thursday afternoon at CPAC’s annual gathering..
The American Prospect 23 hours ago

News article

WTF Chart Of The Day - Fantasy February Edition

wtf chart of the day - fantasy february editionPresented with little comment but to say *"Thank you Jim..."*     His comments, as we noted previously, changed the narrative back to "bad news is good news" and so it goes.   Charts:..
Zero Hedge 1 day ago

News article

After 120 years, is Louisville Slugger getting a new owner?

Hillerich & Bradsby Co., maker of Louisville Slugger baseball bats, may be up for sale. Bloomberg News reported earlier today that Hillerich & Bradsby Co. is exploring the possibility of selling the..
bizjournals 1 day ago

News article

5 Things To Ponder: Weekend Catch Up

5 things to ponder: weekend catch upSubmitted by Lance Roberts via STA Wealth Management, With the "Great Greek Tragedy" now behind the markets, for the time being, all eyes have turned towards the Nasdaq's triumphant march back to..
Zero Hedge 1 day ago

News article

Puerto Rico's 3rd Largest Bank Fails

puerto rico's 3rd largest bank failsBased on Bloomberg data, Doral Bank is the 3rd largest (by assets) bank in Puerto Rico...or rather was. After a 58% collapse in the share price today, news broke after the close: · **PUERTO RICO'S..
Zero Hedge 1 day ago

News article

Stocks End Best Month Since Oct 2011 With A Whimper

stocks end best month since oct 2011 with a whimperJust one thing...* Spock's Dead, Stocks Red* (and AIG's Benmosche died too) *  *  * While February was the S&P's best month since October 2011 (amid collapsing macro data and earnings), the day..
Zero Hedge 1 day ago

News article

STOCKS FALL: Here's what you need to know (USO, OIL, IEP, WTW, AIG)

stocks fall: here's what you need to know (uso, oil, iep, wtw, aig)Stocks fell to end the week, though the S&P 500 ended February with its biggest monthly gain since October 2011 after a revised reading of fourth-quarter US economic growth came in better than..
Business Insider 1 day ago
News article

Tim Cook: Apple Watch Will Replace Car Keys

tim cook: apple watch will replace car keysFiled under: Apple, CEOs, Mobile Technology, Consumer Electronics, This Built America *David Paul Morris/Bloomberg via Getty Images*Apple's iWatch, at an unveiling last September. By Subrat..
DailyFinance 1 day ago

News article

Chris Mayer: No Big Theme in US Stocks, Just “Special Situations and Quirky Opportunities”

Listen to audio recording (Mp3) > There’s a big macro theme playing out in Europe - a once soft economic environment that allowed lots of inefficiency is becoming tougher and forcing companies to..
Proactive Investors 1 day ago

News article

Trading Oil For HFT Idiots: Lesson Complete

trading oil for hft idiots: lesson complete*Who could have seen this coming?* In lesson 101, we 'taught' the HFT idiots that you "Sell API, and Buy DOE Inventories." In lesson 102, we 'taught' the HFT idiots that you then "Sell the DOE Rip."..
Zero Hedge 1 day ago

News article

Stocks Head For Best Month Since Oct 2011 As US Macro Crashes To 12-Month Lows

stocks head for best month since oct 2011 as us macro crashes to 12-month lows*US Macro data has collapsed to 12-month lows* with 38 data 'misses' and only 6 'beats. *Earnings expectations have plunged most since Lehman* (over 5% in the last 3 months) hovering at 10-month lows...
Zero Hedge 1 day ago

News article

Here's How NYC Says It's Saving 800 Lives A Year By Cleaning Up The Air

It’s been a cold winter in New York City, which means a lot of building owners are turning up the heat -- and pumping more pollutants into the city’s air. But the amount of black smoke billowing..
Huffington Post 1 day ago

News article

Former AIG CEO Bob Benmosche has died

Bob Benmosche, the CEO who took over AIG after the financial crisis, has died. In August he announced that he had terminal cancer in an interview with Bloomberg's Betty Liu. He said his cancer "had..
Business Insider 1 day ago
News article

Bloomberg BNA Publishes Guide On Technology Law In Financial Services

ARLINGTON, Va., Feb. 27, 2015 /PRNewswire-USNewswire/ -- Bloomberg BNA today announced the publication of "FinTech Law: A Guide to Technology Law in the Financial Services Industry," a handbook that..
PR Newswire 1 day ago

News article

Live, From Athens, It's Anti-Government Protest Live

live, from athens, it's anti-government protest liveTwo words can describe yesterday's first anti-government protest organized by the far-left Antarsya party now that the Greek honeymoon with the new Syriza government is over: *disorganized *and..
Zero Hedge 1 day ago

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