On the Street

Exchange Traded Funds (ETFs) for your Individual Investments

As long as there will be sell-side bankers, there will be new investment products ushered in to attract the individual investor to the pot of gold. We must begin with the requisite disclaimer that whatever is printed in this article is not investment advice, so check with your broker before making any investment decisions. Okay. Now we are ready. ETFs ...

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Why Facebook and Twitter Both Got Crushed After Earnings

Social networking companies Facebook and Twitter both reported earnings this past week and both saw violent drops in their stock price after the reports. Facebook dropped 19% on Thursday and according to Bloomberg, that decline erased $120 billion in market cap, more market capitalization than any decline in history. Twitter reported Friday morning and opened over 13% lower and was down ...

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Google’s $5 Billion Fine and Impending Earnings Report

Earlier this week the European Commission slapped a record-setting fine on Google for unfair business practices. The commission said the company unfairly pushed its apps on users and thwarted competition. Margrethe Vestager is the European Commissioner for Competition and she stated, “Google has used Android as a vehicle to cement the dominance of its search engine.” The commission claims that ...

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Fed Chairman Powell Testifies Before Congress for First Time as Chair

For the first time since being named Federal Reserve Chairman, Jerome Powell appeared before the Senate Banking Committee on Tuesday. The appearance before the committee did seem to spark a small rally in stocks that afternoon, but his comments were much more important than the light reaction we saw. Mr. Powell was thanked by members of the committee for his ...

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China Attempts to Stimulate Economy through Central Bank

China is taking a proactive position by utilizing monetary policy to steer its economy in uncertain climates for growth and trade. The People’s Bank of China (PBOC) Governor Yi Gang is allowing China’s central bank to reduce the percentage of funds banks must keep on reserve with it, in order to free up money for lending. The cut in reserve ...

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Real America versus media America

One has to ask just what world do our politicians and news media folks live in? The news industry is largely a one-way communication.  They report what they consider the most important events of the day and tell us how we should think about those events – the latter of which takes up the vast majority of the radio/television time ...

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Drain the Cesspools of Tenured Academia

The demands on a tenured professor are rough. Four or five hours of coursework a week, a modicum of office hours, and well, thoughts about it. One finds the professor often bitter over the lower salaries they garner in the “Ivory tower” compared to those of their real-world brethren. Ah, tenure, intended to ensure that faculty aren’t penalized for having ...

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Winners and Losers in the Shale-Oil Production Boom

The price of WTI Crude oil at last look was trading around $65. This is good for some and not so good for others. As we know, the price of oil rises and falls, and with each cycle come similar results to similar businesses. If prices stay above $60 a barrel, this would spur a strong rebound in oil and ...

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