Ex-Goldman director Rajat Gupta starts prison term on June 17
(Reuters) – Former Goldman Sachs Group Inc director Rajat Gupta is expected to begin his two-year prison term on June 17 for insider trading. U.S. District Judge Jed Rakoff in Manhattan directed Gupta to surrender by 2:00 p.m. EDT (1800 GMT) on that date to start serving his sentence, according to an order issued on […]
2014 Best of Year Camera Awards
Tablets and Chromebooks have taken a big chunk out of laptop sales in the last couple years, but old-school notebooks remain the best tool for more demanding jobs. The laptop industry has produced some stellar options for consumers needing a portable powerhouse, including the very first hybrid computer that can effectively stand in as a […]
Bill Cosby’s daughter stands up for father
(CNN) — Bill Cosby’s family is rallying around the embattled comedian. On Monday, Cosby’s wife, Camille, released a statement in defense of her husband, who has been accused of sexual assault by a number of women. On Tuesday, his daughter Evin sent a statement to “Access Hollywood” standing up for Cosby. “He is the FATHER […]
How Holiday Shopping Can Help You With Home Shopping
When holiday shopping heats up, home shopping cools down. December is consistently one of the slowest home sales months of the year, according to real estate website Zillow.com. It’s almost as if consumers don’t have enough mental bandwidth to focus on both at the same time. But if you hope to buy a house in […]
Portland is keeping it weird by keeping Uber out, so we took an illegal ride
Last night, I took an illegal Uber X trip. If we were caught, the driver could have been written a ticket with a minimum of $2,250, and risked having his car impounded and spending a night in jail. My driver, who we’ll call Bobby G at his own insistence, was skeptical about me from the […]
Older Americans a Pillar of Housing Market With High Ownership Rate
Bill Braswell is staying put in his Virginia home even though he could sell it for 10 times what he paid in 1980 and some of his retired friends are moving to warmer climates. “I’m on boards and commissions and I enjoy that brain activity, so no, I don’t want to move to South Carolina […]
Powell Industries Tops On Q4 Earnings, Revenue; Backlog Up
Powell Industries, Inc. (POWL – Snapshot Report) announced fourth quarter fiscal 2014 earnings of 20 cents per share, outpacing the Zacks Consensus Estimate of a loss of 7 cents. However, the bottom line lagged the year-ago earnings of 75 cents per share by 73.3%. In fiscal 2014, Powell’s earnings were $1.62 per share lagging the Zacks Consensus Estimate […]
Yield Curve For December 3, 2014
The status for today’s ‘in a vacuum’ view is that risk is still ‘ON’ with yields rising (bonds dropping) and short-term yields rising more, meaning players are not seeking out liquidity. It’s stock favorable and gold unfavorable as it stands at the moment by this measure. 10, 5 & 2 year yields from Bloomberg
Junk Bonds Breaking 5-Year Support, Stocks To Follow
Click on picture to enlarge Many feel investors should “listen” to the message coming from Junk Bonds, due to them sometimes being a leading indicator for the stock market. The 2-pack above takes a look at the two largest Junk Bond ETF’s. (JNK) and (HYG) could be breaking 5-year support, as they have been a […]
Facebook Unaffected As It Angers Users
Facebook Inc. (NASDAQ:FB)’s new privacy updates seem to be upsetting users, with many resorting to posting a hoax privacy notice on their walls. They hope to protect their posts and photos from being tapped into, without their consent. However most users don’t realize their hoax notice does not provide any substantial protection. All of this […]
