Author: FC

This 19-carat Pink Legacy diamond could fetch $50 million

A large pink diamond a could become one of the most expensive gems ever sold at auction, estimated to fetch up to $50 million next month in Geneva. The 18.95 carat, fancy vivid pink stone is a rectangular cut and is called The Pink Legacy. Christie’s will put it up for auction Nov. 13 at its Magnificent Jewels Sale in Geneva, with an estimate sale price of $30 million to $50 million, accordi...

Nobel Prize winner Robert Shiller says this is a ‘risky time’ in the market

Investors are no longer skeptical enough about corporate earnings and in turn have made the U.S. stock market the most expensive in the world, Nobel Prize winner Robert Shiller told CNBC on Tuesday. In fact, he cautions that a bear market could come without warning. However, Shiller said he doesn’t feel as pessimistic as he did in 2000, when he wrote the book “Irrational ExuberanceR...

Michael Kors is changing its name to craft a new identity. So did Weight Watchers and Priceline

When Kraft spun out its Oreos and Nabisco cookies and crackers business, it gave it the name Mondelez, keeping the name “Kraft” for its North American grocery business. The press release for the new name came replete with a pronunciation guide, noting it is “pronounced mohn-dah-LEEZ.” The company said the new name was meant to evoke the idea of a “delicious world̶...

Does the Fed Care about the Rest-of-the-World?

That’s a title I borrowed from a paper by Barry Eichengreen; the actual title is “International environment and US monetary policy: a textual analysis” written by Laurent Ferrara and Charles-Emmanuel Teuf: What role does the international environment play in shaping US monetary policy decisions? To measure its influence, we construct an international indicator extracted from minutes of Fed monetar...

Smith & Wesson loses fight with nuns and other shareholders on gun safety proposal

The maker of Smith & Wesson firearms lost a prolonged fight with religious groups and other shareholders who want it to consider a plan to help reduce the harmful effects of its products.

Steve Cohen Not Crypto Enough For Local Luddite

By AntanaCoins (Own work) [CC BY-SA 3.0], via Wikimedia Commons Steve Cohen is trying, you guys. Trying to figure out these cryptocurrencies that were all the rage nine months ago. Trying to glean how to make money on them. Even trying to give other people a shot thereat. But the Big Guy is old school and it works for him. That means anyone who wants to join the revolution, or at least make (or lo...

The key bond rate that affects mortgages looks ready to break higher

The key rate that affects mortgages and a slew of other loans is looking ready to break higher. The benchmark 10-year Treasury yield briefly touched a high yield of just over 3.113 percent Tuesday morning, just as the Fed began it two-day meeting. That is the highest level since May 18, when the 10-year yield hit a high of 3.128 percent. “As far as direction, I think if you see a decent brea...

One correlation in the commodities market could point to new S&P 500 highs

Stocks are fighting to take back record levels this week. One technician is looking in an unusual corner of the market for proof they can build on this rally.

FANGS? Square should be added to the famous tech stock basket, analyst says

Square could rattle the payments industry in the same way Facebook, Amazon, Netflix and Google shook up other traditional markets, according to one analyst. Because of that potential, Nomura Instinet is advocating an “S” for Square be added to the high-growth, so-called “FANG” group. “Similar to FANG stocks that have disrupted traditional markets with massive global T...

FANGS? Square should be added to the big tech stock basket, analyst says

Square could rattle the payments industry in the same way Facebook, Amazon, Netflix and Google shook up other traditional markets, according to one analyst. Because of that potential, Nomura Instinet is advocating an “S” for Square be added to the high-growth “FANG” group. “Similar to FANG stocks that have disrupted traditional markets with massive global TAMs [total ...

Google ends cryptocurrency ad ban — but only for certain kinds of ads

Google is ending its sweeping ban on cryptocurrency-related advertising and plans to allow regulated crypto exchanges to buy ads in the United States and Japan. The new policy starts in October. Google’s original restrictions, which it announced in March and rolled out in June, were intended to protect consumers and included initial coin offerings (ICOs), wallets and trading advice, which ar...

Google ends cryptocurrency ad ban

Google is ending its sweeping ban on cryptocurrency-related advertising and plans to allow regulated crypto exchanges to buy ads in the United States and Japan. The new policy starts in October. Google’s original restrictions, which it announced in March and rolled out in June, were intended to protect consumers and included initial coin offerings (ICOs), wallets, and trading advice, which a...