Editor, WSJ Markets. Formerly: Wall Street lawyer, DealBreaker EIC, BI managing editor, CNBC NetNet founder, Heard on the Street columnist. Trouble maker

Freddie Mac’s First Quarter Loss Undermines Shareholder Lawsuits

Freddie Mac’s First Quarter Loss Undermines Shareholder Lawsuits
blogs.wsj.com — Freddie Mac's first quarter loss of $354 million undercuts a key argument in lawsuits that shareholders have brought against the government. The lawsuits focus on a 2012 change to the bailout agreements of Freddie and Fannie Mae. This replaced the original 10% dividend owed to the government with a dividend that rises and falls with the profitability of each company.

The Problem With Social Security

The Problem With Social Security
cnbc.com — As you might recall, I wrote a bit about Social Security the other day. The point I made was relatively uncontroversial: Social Security diminishes fertility because it diminishes the dependency of the elderly on the labor of their children.

Goldman Won’t Buy E*Trade. Here’s What it Might Buy Instead

Goldman Won’t Buy E*Trade. Here’s What it Might Buy Instead
blogs.wsj.com — Goldman Sachs is now an online bank. Could it become an online broker? CLSA analyst Mike Mayo has put out a note contemplating why Goldman might want to buy the online brokerage E*Trade Financial Corp. The basic gist is that Goldman could benefit by the cheap funding E*Trade's deposits would provide.

Freddie Mac May Need More Taxpayer Money

Freddie Mac May Need More Taxpayer Money
blogs.wsj.com — Freddie Mac may once again need to draw taxpayer money from the U.S. Treasury. But this shouldn't be looked at as a new "bailout." It's just the way the company is set up these days. Freddie is scheduled to report its first quarter 2017 financial results before U.S.

How Secretive Hedge Fund Hurt Investors

How Secretive Hedge Fund Hurt Investors
blogs.wsj.com — Investors should be wary of hedge funds that play their cards too close to their vests. Hedge funds are not exactly known for their openness. But when it comes to transparency, or lack thereof, not all are created equal. And, at times, investors may benefit from this secrecy.

Carl Icahn Dumps Apple

Carl Icahn Dumps Apple
blogs.wsj.com — Carl Icahn has sold all of his shares of Apple. "We no longer have a position in Apple," Mr. Icahn said in an interview on CNBC. Mr. Icahn praised the company and its chief executive, Timothy Cook. "I think it's the greatest company," Mr. Icahn said. So why sell?

Priceline CEO Resigns Over Personal Relationship With Employee

Priceline CEO Resigns Over Personal Relationship With Employee
blogs.wsj.com — Priceline Group Chief Executive Officer Darren Huston resigned from the company after an investigation into a personal relationship with an employee of the company. "The investigation determined that Mr. Huston had acted contrary to the Company's Code of Conduct and had engaged in activities inconsistent with the Board's expectations for executive conduct, which Mr. Huston acknowledged and for which he expressed regret," the company said.

'Dew' your homework before buying HVAC misting device

'Dew' your homework before buying HVAC misting device
t-g.com — Mistbox (mistbox.com) is an add-on to your home's central heating and air conditioning system which claims to reduce your energy bill. The device, which was originally funded through a Kickstarter campaign, is a small, solar-powered electronic box that screws to the outside unit of your HVAC system, and it's got a tube with misters which wraps around all four sides of the unit.

Comerica’s Investors Complain Their Giant Bank Is Too Small

Comerica’s Investors Complain Their Giant Bank Is Too Small
blogs.wsj.com — Why is our financial system dominated by behemoth banks? The growth of too-big-to-fail banks is often told as a tale of power and ego on the part of the executives that run them. The names of the men who built the biggest banks are synonymous with the banks that they run.

Why I’m Still Not a Bank Customer at Goldman Sachs

Why I’m Still Not a Bank Customer at Goldman Sachs
wsj.com — Goldman Sachs wants your money. It may have to work out a few bugs to get it. The iconic Wall Street investment bank has opened an online bank offering savings accounts and certificates of deposits to almost anyone. For the savings account, all you need is a dollar and the dream of banking with a big firm.
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May 04, 2016

Sign of times: biggest laugh of the morning was Chamath Palihapitiya jokingly saying he was going to pitch Valeant. “Too soon?” $vrx

May 04, 2016

Chamath Palihapitiya: We think Amazon is a three trillion dollar business. blogs.wsj.com/moneybeat/2016…

May 04, 2016

Khoury: this isn’t a pitch on the hotel business. It’s a pitch on a stock with asymmetric value.

May 04, 2016

Khoury’s idea: Long Hyatt. Says he believes there is a 65% upside to the stock. Says high-end lies ire insulated from Airbnb threat.

May 04, 2016

Long Pond Capital’s John Khoury: “We agree there’s some muddy in the water of Little Rock.” blogs.wsj.com/moneybeat/2016… #sohn2016

May 04, 2016

"We'll Never Say Die" by Prole should be added to the Trump campaign soundtrack youtube.com/watch?v=x-fAw3… via @YouTube


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