June 27, 2014
I have mixed feelings about the Aereo decision.
If you haven’t heard, the Supreme Court ruled this week that Aereo—a company that uses multiple small antennas to capture TV broadcasts, which it then streams to subscribers over the web—violated copyright law.
June 25, 2014
Learn why I told CNBC Worldwide Exchange that I think taking out protection against a deeper correction is a good idea at this point in an interview today, June 25.
June 25, 2014
For decades now, the U.S. has essentially had to accept the oil prices set by world markets. Starting in 1973 with the OPEC-driven oil shock, the major producers have been foreign countries. If the U.S. wanted the oil, we had to pay the price.
But are things starting to change?
June 24, 2014
Also known as the “fear index,” the VIX tends to stay low when investors are feeling confident and to spike when investors get scared. Technically, it reflects the volatility of the stock market—how much things bounce around—but on a practical level, it tends to mirror recent market performance.
June 23, 2014
A longstanding demand of much of the political class has been for the government to stop interfering in the economy.
The latest example of this is a statement by incoming House Majority Leader Kevin McCarthy, in response to a question about the U.S. Export-Import Bank: “One of the biggest problems with government is they go and take hard-earned money so others do things the private sector can do.”
As you might guess, McCarthy says he won’t support reauthorizing the bank’s charter.
June 20, 2014
The thing that interests me about the World Cup—besides the chance to watch elite players going all out—is how the results totally upend the usual global stories.
Looking at the Goldman Sachs projections for the tournament, the major powers (with the exception of Germany) are nowhere to be found. Combined, the U.S. and Russia have a 1.1-percent chance of winning it all. China isn’t even on the list. Japan is, but might as well not be. Ditto the UK.
June 20, 2014
Yesterday, June 19, I spoke with Wall Street Journal MoneyBeat's anchor, Paul Vigna, on the keys to avoiding what is being projected as an unsettled second half of 2014 for the U.S. economy.
June 19, 2014
I joined Maria Bartiromo on the set of Fox Business Network’s Opening Bell today, June 19, to discuss the economic impact of the crisis in Iraq.
June 19, 2014
The Federal Reserve’s announcement yesterday that it would continue its current tapering schedule—but that a rise in rates still isn’t imminent—drove markets to the 20th new high of the year.
With rising turmoil in two major oil-producing states, Iraq and Iran, the world faces an increase in oil prices—and the consequent economic damage. Fortunately, the U.S. is much better positioned to ride out the storm than it has been in the past.
