- The global risk asset markets are trading in a perception mode or a view that the stimulus coming from the US, Europe and likely China will be enough to jump start the faltering global economy. The view that inflation will be the outcome of all of the stimulus programs is pushing oil and other traditional commodities back to lofty levels. The objectives of QE3 are to bolster the economy and improve the weak jobs markets. With oil prices rising it certainly looks counterproductive as higher oil a...
- The markets are trading with a risk off tone at the start of the week. There are a couple of reasons for this: 1, the extent of the moves last week may justify a pullback at this stage, 2, the focus turns back to growth as we await a plethora of economic data due in the coming days and 3, problems with Spain.
- Lindsay Lohan, who is no stranger to legal drama, called out Amanda Bynes on Twitter following news that her car was impounded on Sunday, admitting that her own punishments were unfair in comparison to the Nickelodeon star's lack thereof.
- Tensions between Zynga Inc. (Nasdaq: ZNGA) and Electronic Arts Inc. (Nasdaq: EA) exploded all over again Friday as Zynga mustered an aggressive rejoinder to the copyright-infringement lawsuit filed against it by EA last month.
- Occupy Wall Street are planning to return in force to New York City's Financial District, hoping to recapture momentum.
- Shoppers looking for Chris Brown's album "Fortune" in HMV stores in London might be surprised to see a warning sticker on the CD. Several copies of Brown's latest album have been covered with advisory stickers reading, "Warning: Do Not Buy This Album! This Man Beats Women."
- Tony Ortega, who has been the editor-in-chief of the Village Voice since 2007, announced via blog post on Friday that he is stepping down next week. The alt-weekly has seen a number of staff layoffs in the last few years.
- Chicago Bulls point guard Derrick Rose was overcome with emotion during the unveiling of his new Adidas shoe, the D Rose 3, with the NBA superstar on the verge of tears multiple times at the Chicago event.
- ?"Finding Nemo 3D" hit theaters on Friday and Twitter began to instantly erupt with posts about how people wanted to go see the new version of the movie.
- Many Argentines are protesting against the policies of President Cristina Fernandez de Kirchner over her tight controls on the economy amid rising inflation. Fernandez has said that her policies are aimed at supporting the most vulnerable in society and will benefit the majority of people as a whole, though she has been criticized for pursuing a populist agenda at the expese of the upper and middle classes.
- The latest on Manchester United's pursuit of three highly-rated youngsters.
- Rumors have speculated the two have been dating for months.
- The University of Texas has issued an alert on its Twitter ordering an evacuation "due to threats on campus."
Twitter Death Hoaxes Of 2012: Morgan Freeman, Bill Cosby, Paris Hilton, Adam Sandler And Others Claimed This YearThough it's been around for years, the celebrity death hoax phenomenon has yet to end.
- Although Wednesday's inventory report was the main event for the oil market yesterday with prices trading around this report the main event for the global risk asset markets today was the US Fed announcement that they are embarking on another round of quantitative easing... QE3. The US Fed announced a $40 billion per month mortgage back securities buying program that is likely to last for as much as a year. The Fed will re-evaluate the situation in three or four months. This new program is in...
- The U.S. Embassy in Cairo got snarky on the Muslim Brotherhood after the Egyptian political party tweeted a condolence message.
- The Euro rallied to a fresh monthly high of 1.3120 as finance ministers across the monetary union talked down speculation for a Spanish bailout, while European Central Bank President Mario Draghi saw a case 'to be optimistic' as the new bond-purchasing program offers a 'fully effective backstop mechanism that is meant to remove the tail risk for the euro area.'
- I just want to share a few charts as I work on the weekly. The EURUSD ripped through 13100 this morning after taking out the May gap (13080) with ease. I'm expecting a reaction at 13145 (not sure if we reach it today or not), which is defined by the October 2011 low, 50% retracement of the decline from the October 2011 high and 38.2% retracement of the decline from the April 2011 high.
Topless Kate Middleton Photos Have British Royals Fuming, Memes Follow After Naked Prince Harry Debacle [PHOTOS]The British Royal family may have another nude photo scandal on their hands. A french tabloid, Closer, published a five-page spread of Kate Middleton sunbathing topless with her husband, Prince William.