Subscribe to Money Morning get daily headlines subscribe now! Money Morning Private Briefing today's private briefing
Category

Wall Street

Wall Street

How the Masters of the Financial Universe Use Derivatives for Fun and Profit

Jon Stewart just did a very funny piece on "The Daily Show" about a new derivatives dust-up that Bloomberg News broke.

Earlier this year, a big Wall Street firm bought a credit default swap on debt that a private company owed to a third party. So the firm was set up to make money if that company missed any payments.

In fact, this "game" has gotten even more dangerous...

Wall Street

The Volcker Rule Surprises Wall Street – Thanks to JPMorgan

Federal regulators will vote tomorrow (Tuesday) on the Volcker Rule, and this latest draft includes stricter language than Wall Street had expected…

The Volcker Rule, proposed by former U.S. Federal Reserve Chair Paul Volcker, is a central provision of the 2010 Dodd-Frank Act reform law. It would stop banks that receive federally insured deposits from engaging in risky trading practices and force Wall Street banks to end or spin off proprietary trading operations. The goal is to prevent future taxpayer bailouts.

close to clamping down on some of Wall Street's worst excesses...

Wall Street

The Highest Paid CEOs in America

Most chief executives of major corporations earn millions of dollars in base salary, but that's not all they get (just take a look at how the highest-paid CEOs in America make their money).

Total CEO compensation includes perquisites, bonuses, and stock options, among other things.

In fact, the great bulk of CEO compensation does not come from base salaries. Even the highest CEO base salaries fall under $10 million. It's all the other goodies that push total CEO compensation miles past $10 million.

Is anyone really worth that kind of money?

Stock Market Today

Stock Market News Today: Why the Dow Soared 322 Points

The biggest stock market news today stemmed from the surging Dow Jones Industrial Average, wh ich climbed more than 300 points today.

All sectors were up today. The S&P 500 closed up about 2.18%, or 36.12 points, at 1,692.52, and the Do w ended up 2.18%, or 322.64 points, at 15,125.62.

To continue reading, please click here...

Government shutdown

The Government Shutdown's Long-Term Effects

The political temper tantrum known as the government shutdown is now a week old, the rhetoric is heating up, and there's no sign that the peace pipe will be smoked anytime soon.

While the politicians at the top of this heap continue to be rewarded with their government paychecks, more than 2.1 million government workers do not. Some 800,000 Uncle Sam employees were initially furloughed (although 350,000 from the Defense Department were just called back), and another 1.3 million will most likely see their paychecks delayed.

To continue reading, please click here...

Stock Market Today

Biggest Stock Market News Today: Apple, BB&T, and GM

Stocks this week are off to a heavy start as investors await more speeches from nine U.S. Federal Reserve executives this week that could shed light on the timing of the quantitative easing (QE) taper. Three of those speeches are scheduled for today.

Comex gold prices are weighed this morning as the market hopes some of this week's comments from the Fed include insights into future monetary policy moves. Comex gold for December delivery is now trading at $1,324.76, down 0.37%.

In the week ahead in stock market news, the U.S. Congress and the Obama administration will continue to debate the U.S. budget and debt ceiling issues as investors will keep an eye on any new developments regarding Syria and U.S. action there.

To continue reading, please click here...

Wall Street

The Greatest Criminal Enterprise in the World

From the Editor: Shah Gilani is one of the few people who can show you how it really is. In this case, he's going to show you the real reason the Fed chose not to taper. If you're overly idealistic, don't read this. It will only anger you. That, of course, is why Shah's naming names today…

Ben Bernanke is the don of the greatest criminal enterprise in the world.

And yesterday his made monsters, the Five Families, lined up to kiss his ring, again.

By not "tapering" or reducing the $85 billion a month ($45 billion in Treasuries and $40 billion in agency mortgage-backed securities) the Fed is buying from banks, the Fed is saying to its hit men, "We are family, and as long as Johnny Law is coming after you, we've got your back."

To continue reading, please click here…

Let's name names... and then I'll tell you the REAL reason the Fed didn't taper yesterday

Wall Street

How to Prepare for "The Mother of All Bubbles"

From the Editor: No fewer than 165 stocks on the major exchanges hit new 52-week highs yesterday, which is all the more reason to take notes today… Shah's been identifying bubbles for decades, ever since his hedge fund days. And now that he uncovers them for individual investors, his readers know firsthand that "bubble watching" is more than a wealth protection strategy.

They made 218% the last time Shah prepared them. And they made 371% and 455% the time before that. Those bubbles were little, too, compared to this one…

There are lots of reasons to be fully invested in the stock market. And that's why it's so important right now to keep an eye on all the bubbles.

They're everywhere. And we have plenty of reasons to fear any number of them bursting.

Hot Stocks

Best Stocks to Buy Now: A Money Morning Weekly Roundup

Optimism returned to Wall Street last week, as Syria attack talk subsided and the yield on the benchmark 10-year Treasury note slipped.

Triple-digit gains Monday through Wednesday last week added 401.10 to the Dow. Stocks closed with modest losses Thursday, with the S&P 500 Index snapping a seven-day winning streak. But the bulls were back in force Friday, helping the Dow log its best week in nine months.

Yet, the market pendulum continues to swing between risk-off and risk-on trading, leaving investors cautious.

Money Morning's updated list of the best stocks to buy – and some to avoid – address today's biggest market concerns and find the smartest opportunities for your money now.

To continue reading, please click here...

Top News

Ten Numbers Shaking the World Right Now


Here are this week's need-to-know facts about the stock market, economy, Wall Street, and life-changing global events…

It's the numbers that count in this crazy world. They can tell stories that words sometimes can't.

Here's a look at some of the fascinating, infuriating, amusing, depressing, and altogether important numbers that the world has put up on the board recently – and why you need to know them.

To continue reading, please click here...