Orangutans, the world’s largest tree-climbing mammal and Asia’s only great ape, are in danger of extinction, and we are losing them fast. Orangutans, which means “persons of the forest” in Malay,… [Read More...]
Lawler: Early Read on Existing Home Sales in July
From housing economist Tom Lawler: Early Read on Existing Home Sales in JulyBased on publicly-available local realtor/MLS reports released across the country through today, I project that existing home sales as estimated by the National Association of Realtors ran at a seasonally adjusted annual rate of 5.40 million in July, up 2.5% from June’s preliminary estimate and up 0.2% from last July’s seasonally adjusted pace.On the inventory front, local realtor/MLS data, as well as data from other inventory trackers, suggest that the inventory of existing homes for sale at the end of June should be about 1.6% lower than last July.Finally, local realtor/MLS data suggest that the median US existing single-family home sales price last month was up by about 4.7% … [Read More...]
Podcast links: few profitable podcasts
The bizGlow Technologies positions its platform as enabling podcasters to build media businesses, initially through tools to let them generate revenue directly from listeners. (variety.com)Spotify is going to give podcasters listener data they can’t get anywhere else. (theverge.com)Did you know there is a search engine, Listen Notes, just for podcasts? (fastcompany.com)Non-financeThe research shows active bond managers CAN outperform, but it is for this simple reason. (aqr.com)Tobias Carlisle talks with blogger turned ETF manager Eddy Elfenbein. (podcasts.apple.com)Nate Geraci talks with Lawrence Hamtil about unique ETF ideas. (etfstore.com)Dasarte Yarnway talks ‘life’s emotional roller coaster’ with Daniel Crosby. (soundcloud.com)Jerremy Newsome talks with polymath Howard Lindzon. (reallifetrading.com)Ted Seides talks crypto with Mike Novogratz is the CEO of merchant bank Galaxy Digital. … [Read More...]
3-year-old girl found alone in boat, man’s body discovered nearby, Texas cops say
Texas authorities found a man’s body after searching for a missing father whose little girl was found sleeping alone in a boat on Lake Granbury on Friday. [Read More...]
Coca Cola Bottling Shares Surge 130% After Name Change: Could FinTech Be To Blame?
Hat tip to Upslope Capital for bringing this to people’s attention. It appears that do-it-yourself investors relying on tech platforms to invest need to be even more careful than some may have previously thought. Sure, having a computer decide your asset allocation could be problematic long term, but it turns out that even someone trying to buy Coca Cola stock might get into trouble if they don’t do their homework. Whereas Coca Cola trades under the symbol KO, their largest bottler/distributor trades under the symbol COKE. The latter used to be called “Coca Cola Bottling Co Consolidated,” which made it easier to understand which stock was which (given that the “real” Coke did not trade under “COKE”). … [Read More...]
WSJ Wealth Adviser Briefing: Bond Market Panic, Bleak Earnings Outlook, Quiet Vacation
Volatile stock markets, recession fears and the U.S.-China trade fight have traders on edge. Now, they are grappling with another problem: garbled data. Below, some of the best analysis and insight from WSJ writers and columnists, the Dow Jones Newswires team and occasionally beyond, on investing, the wealth-management business and more. PLANNING & INVESTING Stocks for Income, Bonds for Speculation: Bonds are now just as good a place to be if you like to bet on big price moves, and stocks—while not exactly a tranquil place to invest—haven’t moved any more than is usual. MARKET TALK From Dow Jones Newswires UBS Global Wealth Management overweights a basket of higher-yielding emerging market currencies–Indonesian rupiah, Indian rupee and South African rand–against one of lower-yielding … [Read More...]
24/7 Wall St. & Zogby Analytics BattleGround State Poll: Most Alaskan Voters Do Not Support Trump but Agree on Certain Issues
More than half of voters in Alaska say they tell people they do not support President Trump but in private agree with him on certain issues. It’s astonishing that in a “red state,” people still feel… [Read More...]
Friday links: predicting credit crunches
MarketsNews travels faster than ever before, but to what effect? (theirrelevantinvestor.com)You don’t have to follow every wiggle in the stock market. (blairbellecurve.com)StrategyWhy the four-decade bull market in bonds is so remarkable. (awealthofcommonsense.com)CryptoCoinbase is diving deeper into the custody business. (news.crunchbase.com)CloudflareCloudFlare ($NET) is coming public. You may not know the name but you use the product. (news.crunchbase.com)CloudFlare ($NET) keeps on hiring. (media.thinknum.com)FinanceClosed accounts at Wells Fargo ($WFC) are not all that closed. (nytimes.com)FundsWhy 1 and 30 is a better hedge fund fee model. (rcmalternatives.com)RegionsMore American states are facing a population shortage. (washingtonpost.com)States are granting tax abatements to startups. Good luck taking them back if the company is acquired by a Silicon Valley giant. (msn.com)The 25 cheapest cities … [Read More...]
Federal prosecutor blames shootout on 'rhetoric' of Philadelphia DA
In the wake of a shootout that injured six police officers, the U.S. attorney in Philadelphia denounced the city’s chief prosecutor for fostering a toxic atmosphere regarding the police. [Read More...]
Are Money-Losing Companies Ever Worthy of Value-Oriented Investors’ Time?
As a valuation-based contrarian investor, it is relatively easy for me to make a strong case against allocating investment dollars to money-losing tech IPOs that pay out stock compensation equal to 20% or 30% of revenue to boost their “adjusted EBITDA” and GAAP free cash flow metrics and trade for 15 or 20 times that revenue. Simply put, the growth required for a company to “grow into” a 20 times revenue multiple, or a 100 P/E multiple, is so enormous that 90%+ of all businesses will never get there. Of course, there are some that will and investing in those stocks can be very rewarding. Josh Brown, CEO of Ritholtz Wealth Management and frequent CNBC commentator, is quick to point out to television viewers that he … [Read More...]
Here’s What’s Happened to the Price of Bacon and Eggs in the Past 80 Years
Which came first, the bacon or the egg? That’s an easy one: Eggs win by millions of years. As early as 7000 B.C., people in India and China had domesticated chickens and were eating their eggs… [Read More...]
Friday: Housing Starts
Friday:• At 8:30 AM ET: Housing Starts for July. The consensus is for 1.260 million SAAR, up from 1.253 million SAAR in June.• At 10:00 AM: University of Michigan’s Consumer sentiment index (Preliminary for August).• At 10:00 AM: State Employment and Unemployment (Monthly) for July 2019 [Read More...]
Startup links: unicorn bonds
SoftbankSoftbank wants to build closer ties between its portfolio companies. (ft.com)Softbank’s Vision Fund just made its first energy-related investment in Energy Vault. (finance.yahoo.com)FintechNeo-banks are raising a lot of venture capital. (news.crunchbase.com)Flyhome seeks to streamline the home-buying process for its clients as an alternative to the traditional realtor model (fortune.com)CompaniesMatt Mullenweg on what’s next for Tumblr. (theverge.com)Some more WeWork numbers from the S-1. (news.crunchbase.com)Some people are questioning the data used by disaster response app maker One Concern. (nytimes.com)The MidwestFour key trends impacting the Midwest venture capital space. (medium.com)Chicago’s Loop is becoming a hot destination for startups. (chicagobusiness.com)FundingWhat areas of seed finance are hot (and cold). (tomtunguz.com)It’s not surprising that angel investors get … [Read More...]
Trump's acting immigration chief introduced legislation as a state senator that would have allowed companies to fire employees who didn't…
He's now Trump's acting immigration chief, but Ken Cuccinelli has a long history as an anti-immigration hardliner. [Read More...]
WSJ Wealth Adviser Briefing: Playing Market Swings, Picking CFOs, Visiting Portland, Maine
From Washington to Buenos Aires, nations’ mutually reinforcing commitment to open markets is disintegrating. In response, investors are rearranging portfolios, businesses are rethinking investments and policy makers are struggling to respond—all of which are pushing the global economy closer to recession. Below, some of the best analysis and insight from WSJ writers and columnists, the Dow Jones Newswires team and occasionally beyond, on investing, the wealth-management business and more. PLANNING & INVESTING How Five Money Managers Are Playing Swings in the Market: Nearly every market has seesawed this August after a trade dispute between the U.S. and China kick-started a downturn in stocks. Some investors are seeing an opportunity in the action. Here’s how some large money managers are playing the market. MARKET TALK … [Read More...]
Whistleblower Sends GE Shares to the Doghouse
GE was hit Thursday morning with a claim from a well-known whistleblower that the company has committed some $38 billion in accounting fraud. [Read More...]
NAHB: "Builder Confidence Trending Higher as Interest Rates Move Lower"
The National Association of Home Builders (NAHB) reported the housing market index (HMI) was at 66 in August, up from 65 in July. Any number above 50 indicates that more builders view sales conditions as good than poor.From NAHB: Builder Confidence Trending Higher as Interest Rates Move LowerBuilder confidence in the market for newly-built single-family homes rose one point to 66 in August, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released today. Sentiment levels have held at a solid 64-to-66 level for the past four months.“Even as builders report a firm demand for single-family homes, they continue to struggle with rising construction costs stemming from excessive regulations, a chronic shortage of workers and a lack of buildable lots,… [Read More...]
Thursday links: withstanding some discomfort
MarketsTrend following CTAs are having a good YTD. (mrzepczynski.blogspot.com)StrategyInvestment lessons learned from new parenthood. (bpsandpieces.com)How your portfolio is like a herd of goats. (rivershedge.blogspot.com)Intellectual property as a company moat. (signalee.com)CompaniesAmazon’s ($AMZN) acquisition of Ring has a positive side-effect: catching porch pirates. (vox.com)ViacomCBS can’t compete based solely on increased scale. (redef.com)FundsMorningstar’s latest research on the return gap is out. (morningstar.com)GlobalCentral bank moves are going in only one direction. (nytimes.com)Japan’s big corporations are being “asked” to sponsor the Tokyo Olympics whether they want to or not. (ft.com)The uncertainty unleashed by Brexit is really beginning to bite. (economist.com)TradeThe trade war is now crimping investment plans. (economist.com)The WSJ editorial board cries Uncle over tariff-mania. (thereformedbroker.com)The … [Read More...]
Alleged Christchurch gunman sends letter from prison cell
New Zealand officials admitted Wednesday that they made a mistake by allowing the man accused of killing 51 people at two Christchurch mosques to send a hand-written letter from his prison cell. The six-page letter from Brenton Tarrant was posted this week on the website 4chan, which has become notorious as a place for white supremacists to post their views. Much of it appears to be relatively innocuous, discussing a one-month trip Tarrant says he took to Russia in 2015. [Read More...]
Thursday: Retail Sales, Unemployment Claims, Industrial Production, NY and Philly Fed Mfg Surveys, Homebuilder Confidence
Note: On October 23rd, I will be one of three speakers at the “2020 Economic Forecast featuring the UCI Paul Merage School of Business” in Newport Beach, California, sponsored by the Newport Beach Chamber of Commerce.UCI Finance Professor Christopher Schwarz and I will be discussing the 2020 economic outlook, and Dr. Richard Afable will be discussing “The Future of the Healthcare System”.This is a lunch time event (from 11:15 am to 1:30 pm) at the Balboa Bay Resort.Click here for more information and tickets. Tickets are $65 for members, and $75 for non-members and includes lunch. (I’m speaking for free).Thursday:• At 8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for 208 thousand initial claims, down from 209 thousand last week.• … [Read More...]
- 1
- 2
- 3
- …
- 11
- Next Page »