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Women are *still* not guaranteed the same rights as men under the Constitution. Here's why. → Read More
News anchor Stephanie Ruhle reports on what she witnessed in a Texas town that houses the United States' largest immigration processing center. → Read More
Stan Druckenmiller, the money manager who boasts one of the best investor track records over the past three decades, is supporting John Kasich for president, saying the Ohio governor is the best Republican to take on Democrat Hillary Clinton. → Read More
Michael Platt, who runs the $8 billion BlueCrest Capital Management, will return all client money and instead focus on managing his own wealth and that of his partners and employees. → Read More
Just as Sports Illustrated highlighted "Trick Plays" in its recent College Football issue, Under Armour may have pulled off a Fumblerooskie reminiscent of the 1984 Orange Bowl. Yesterday we learned that Under Armour is getting a foothold into the National Basketball Association that will reach far beyond Stephen Curry's sneakers. And just like the University of Nebraska's touchdown-scoring trick… → Read More
Doubling down on the debt of drillers and miners is coming back to bite money manager Franklin Resources Inc. amid a prolonged commodities slump. Losses are accelerating in bonds that the firm’s been buying up for the past two years as prices on everything from crude to iron ore resume declines. Debt of coal producer Peabody Energy Corp., in which Franklin was the biggest public holder as of… → Read More
Today is June 8th. The S&P is 2100, Presidential hopefuls are dialing for dollars. Stephen Curry and Lebron James are battling in the NBA Finals. But today is also World Oceans Day, and given the crisis in our oceans, we should take time to consider this annual observation that honors the world’s oceans. Source: Bloomberg This year's Worlds Oceans Day comes at a meaningful time in the business… → Read More
Richard Herman, global head of fixed income and currencies at Deutsche Bank AG, told employees in a memo that he’s leaving after 20 years at the company to pursue interests outside of finance. “For a short period of time at least, to quote Samuel Jackson in ‘Pulp Fiction,’ I’m going to ‘walk the earth,’” Herman said in the memo on Monday. “This is an entirely personal decision.” Tom Humphrey… → Read More
Elad Shraga, Deutsche Bank AG’s head of structured finance, is leaving after 15 years at the company to pursue new opportunities, according to a memo Friday. “Under his tenure, structured finance has become one of the world’s leading providers of commercial real estate finance, an award-winning arranger of asset- and mortgage-backed debt, and a market leader in corporate lending and structured… → Read More
Stan Druckenmiller is betting on the unexpected. The billionaire investor, who has one of the best long-term track records in money management, is anticipating three market surprises: an improving economy in China and rising oil prices. He also doesn’t expect the Federal Reserve to raise interest rates in 2015, a move most investors are forecasting will happen in September after six years of… → Read More
(Bloomberg) -- It makes sense that Vice had something to do with it. Vice Media Inc. Chief Executive Officer Shane Smith paid for a $300,000 Las Vegas dinner last month, according to a person who asked not to be identified because the meal was private. Smith, a Vice co-founder, had been on a lucky gambling run, the person said. Brooklyn-based Vice has grown from a free, whiskey-stained Montreal… → Read More
Sage Kelly, the Jefferies Group investment banker whose divorce became tabloid fodder in October, resigned, according to a person briefed on the matter. → Read More
Haiti’s Prime Minister Laurent Lamothe said he would resign if asked by President Michel Martelly in order to help defuse a political crisis that may result in the Caribbean nation’s parliament being dissolved. → Read More
I wish there was a road map to the C-suite, but clearly there isn’t. If there was, the numbers of women running Fortune 500 companies wouldn’t be so abysmal and we wouldn’t need a... → Read More
Deutsche Bank AG will stop trading most credit-default swaps tied to individual companies, exiting a business that new banking regulations have made costlier, according to a spokeswoman. → Read More
Christina Kelly, whose rancorous divorce from Jefferies Group LLC investment banker Sage Kelly has inflamed New York’s tabloids, issued a statement praising him as a “great father” and apologizing to the firm as the pair reached a tentative custody agreement. → Read More
Richard Handler, chief executive officer of Jefferies Group LLC, said he and some investment bankers took drug tests to refute claims by the estranged wife of another banker that drug use is widespread at the firm. → Read More
Sage Kelly, head of Jefferies Group LLC’s health-care investment-banking group, is taking a leave of absence amid a divorce battle with his wife that has captivated New York’s tabloids. → Read More
David Tepper, founder of $20 billion hedge-fund firm Appaloosa Management LP, said the rally in the bond market is ending after the European Central Bank unexpectedly cut interest rates to spur economic growth and stave off the threat of deflation. → Read More
Carmelo Anthony, the Brooklyn-born basketball all-star who recently formed a technology investment fund, wants to be known as a “digital athlete.” → Read More