The Economy’s Visible Hands

The Fed is dominated by stodgy economists without business experience. But would we like it any better if it was staffed by CNBC junkies? Peter Conti-Brown reviews “Fed Up: An Insider’s Take on Why the Federal Reserve Is Bad for America” by Danielle DiMartino Booth.

Whoa s heading for space on Muska s mysterious mission?

SpaceX’s Dragon cargo ship is captured by astronauts at the International Space Station on Thursday, Feb. 23, 2017, a day after a GPS problem prevented the capsule from coming too close. The other day, we took a wild guess and came up with some names of possible ticket-buyers who want to circle the Moon on Elon Musk’s rocket.

Hedge Fund Prologue to Close After Political Bets Misfire

Prologue Capital, the $775 million macro hedge fund run by David Lofthouse and Graham Walsh, is closing after more than a decade as clients pulled their money amid poor performance. “Last year we started well but we got the big political events wrong, it’s as simple as that,” Walsh said in an emailed statement Wednesday.

Snap Juices IPO Market, More Deals Coming: NYSE’s Tom Farley

Snap Inc. , the parent company of messaging app Snapchat, made its debut on the New York Stock Exchange Thursday, surging 44 percent on its first day of trading. The stock opened at $24 a share, above the IPO price of $17, and is the biggest U.S. listed tech debut since China’s Alibaba Group Holding in 2004.

Is Snap overhyped?

Mar. 02, 2017 – 3:22 – Amish Shah, managing partner at Sierramaya360, Lance Ulanoff of Mashable, and FBN’s Lori Rothman on Snap’s IPO and whether it’s a good investment.

Caterpillar, a Trump Darling, Lands in Government Crosshairs

Caterpillar Inc., the bellwether U.S. equipment maker praised just last week by President Donald Trump, now finds itself a government target as federal tax and banking authorities raided its Illinois offices. The investigation comes as new Chief Executive Officer Jim Umpleby shifts its global headquarters to Chicago to bolster the machinery maker’s push into foreign markets.

What Falling Fed Funds Chatter Really Means

Not that long ago, market analysts and commentators spent most of their time combing over comments made by Federal Reserve members in hopes of gaining an edge in regard to the next change in monetary policy. Nearly a decade of talking, writing and fawning over the Fed resulted in a mere two interest rate hikes, and at the precise moment the Fed appears to be poised to begin taking meaningful action, market participants simply don’t care anymore.

Is This The Best Biotech Play for 2017?

Last year, a political spotlight on drug pricing policies threatened the entire industry. Scandals at Mylan and Valeant Therapeutics did damage to the entire sector, sending the share prices of many biotech companies down.

FCC halts regulations to protect data security

The Federal Communications Commission is delaying new data security rules that were supposed to take effect today. Those regulations, approved by the Obama administration last year, were part of a package of rules that limit how internet providers use and sell customer data.

Yesterdays

Conway High West students stuck it to a couple of math teachers and a very lucky senior during lunchtime in the cafeteria. Conway math teachers, Shiloh Harder and Steve Reed, along with Grant Blaylock, a senior FBLA officer and football player, were taped to the wall with duct tape.

7 Ways to Lower Your Internet Bill

Even if you’re happy with your current internet service, you might be paying too much for it. Here are ways to check if you’re getting good value for your money and tips for lowering your monthly internet bill.

Can’t pay your taxes? Here are 6 ways to cope

In this Jan. 14, 2017, photo, an online tax form is displayed on a computer at the offices of tax preparation firm Infinite Tax Solutions, in Boulder, Colo. Finding the cash to pay a larger-than-expected tax bill can be tricky, but tax pros say there are ways to deal with the surprise without having to pawn the family heirlooms.

Wall St Slips After Record Rally; Caterpillar Drags Dow

U.S. stocks retreated on Thursday as investors booked profits after a record run a day earlier, with Caterpillar’s slump dragging down the Dow Jones Industrial Average. The S&P 500 and the Nasdaq on Wednesday had their best day since the November election, boosted by President Donald Trump’s more measured tone in a speech to Congress and as bank stocks surged on increased chances of an interest rate hike this month.

Trump, Pence Keep Focus on Economy Despite Sessions Controversy

President Trump and Vice President Pence are staying focused on the administration’s top priority: the U.S. economy. This, as new reports emerge that Attorney General Jeff Sessions met with the Russian ambassador , despite stating that he did not have conversations with Moscow during his confirmation hearing.

Yahoo Reveals Details of Breaches

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Thursday 3/2 Insider Buying Report: GLDD, TILE

Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.

Caterpillar Office Raid Fuels Biggest Slump in Eight Months

Caterpillar Inc. shares headed for the steepest decline in eight months as the world’s biggest maker of machinery for mining and construction had its offices raided by law enforcement officials. Searches were conducted Thursday in Peoria, East Peoria and Morton by the Internal Revenue Service, the Federal Deposit Insurance Corp. and the Commerce Department, Sharon Paul, a spokeswoman for the U.S. attorney’s office for the Central District of Illinois, said in by telephone.

Snap Jumps in Trading Debut After Year’s First U.S. Tech IPO

Snap Inc., maker of the disappearing photo app that relies upon the fickle favor of millennials, jumped in its trading debut after pricing its initial public offering above the marketed range. Shares opened at $24 and traded as high as $25.42 apiece Thursday, giving the company a market valuation of about $29 billion, based on the total number of shares outstanding after the offering in the deal prospectus.

Boeing Targets 1,500 Layoffs

Boeing will target a little over 1,500 voluntary job cuts as part of its layoff program announced in December, the company stated on Thursday. The layoffs are intended to cut costs aimed at the commercial jetliner area of the company.

Shake Shack Stock Slips on Weak Growth Rate

During the fourth quarter, Shake Shack’s same-store-sales rose 1.6%, falling below analysts’ projections for 3.2%. Shares of Shake Shack were falling nearly 3% on heavy trading volume during early afternoon trading on Thursday, after the company issued a slower than expected growth rate in its fourth quarter earnings report, following Wednesday’s close.

No Changes Coming to Apple Charging Cable for iPhone 8

Apple is set to release the latest version of its popular smartphone, the iPhone 8, this fall and the latest rumors swirling around the device suggest there will be no changes made to the phone’s Lightening port connector. A recent Wall Street Journal report noted that Apple was moving away from the Lightning port in favor of the USB Type-C connector used on the company’s MacBooks.

These 5 Stocks Under $10 Could Explode Up Soon

There isn’t a day that goes by on Wall Street when certain stocks trading for under $10 a share don’t experience massive spikes higher. Traders savvy enough to follow the low-priced names and trade them with discipline and sod risk management are banking ridiculous coin on a regular basis.

Daily Dividend Report: GD, TD, CNQ, CVS, HES

The board of directors of General Dynamics today declared a regular quarterly dividend of 84 cents per share on the company’s common stock, payable May 5, 2017, to shareholders of record on April 7. The dividend represents a 10.5 percent increase from the previous quarterly dividend of 76 cents per share, and it is the 20th consecutive annual dividend increase authorized by the General Dynamics board. The Toronto-Dominion Bank today announced that a dividend in an amount of sixty cents per fully paid common share in the capital stock of the Bank has been declared for the quarter ending April 30, 2017, payable on and after May 1, 2017, to shareholders of record at the close of business on April 10, 2017.

Should we fear the future of Facebook?

Mark Zuckerberg, chairman and CEO of Facebook, speaks at the CEO summit during the annual Asia Pacific Economic Cooperation forum in Lima, Peru, on Nov. 19, 2016. Zuckerberg hopes the platform can help its users become better informed and engaged in local and global politics.

Deutsche Telekom Lowers Value of Its BT Stake by $2.3 Billion

Deutsche Telekom AG wrote down its stake in British phone carrier BT Group Plc by 2.2 billion euros and placed it in a new unit for actively managed investments led by the company’s top M&A executive. The holding, now valued at about 5.1 billion euros, is part of a group of assets that also includes the company’s Dutch unit and its German tower business.

Transocean Delays 10-K Filing

Shares of Transocean are lower by 2.35% to $13.72 in pre-market trading on Thursday morning, after the international offshore contract drilling provider announced it is delaying the filing of its form 10-K. The company said it needs additional time to complete the form, which includes the evaluation of disclosure controls and procedures.

Acceleron Pharma Price Target Raised by Leerink

Acceleron Pharma had its price target raised to $55 from $50 by analysts at Leerink a day after the company reported a fourth quarter net loss of 51 cents per share that was narrower than analysts’ expectations of a 57 cent per share loss. There’s little to substantiate the president-elect’s claim that he will bring drug prices down, but biotech investors are trading anyway.