Fraud Data Analysts at Capital One Did Some Trading on the Side

Jan 25, 2015
J. Webster
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This insider trading case involving Capital One credit card transaction data is pretty interesting on a number of levels. For one, as Bloomberg's Matt Levine said, it wasn't a simple exchange of information on a golf course, these two suspects actually worked somewhat hard to figure out what credit card sales were driving profits at three different companies. Secondly, it was "creative", not something you see too often or at all. Traders are always looking for data, but credit card data isn't one they can legally get a hold off. However, in the age of "big data", you'd think it's

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1700 Private Jets Fly to Davos to Discuss Climate Change

Jan 23, 2015
J. Webster
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But at the World Economic Forum in Davo they not only discussed climate change but income inequality....Jon Stewart explains.

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Davos: The Money Oscars

Jan 23, 2015
J. Webster
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This clip from The Daily Show is about last year's Davos, but does it really matter what year it's from...Davos 2014 is still a lot like Davos 2015. You know a lot of big fur hats. It's just this year everything is a bit more expensive what with the Swiss franc value exploding higher.

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Box IPO: Jim Cramer Says Buy, Josh Brown Says Sell

Jan 23, 2015
J. Webster
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Two CNBC stars, the elder statesman, Jim Cramer, and the new young star, Josh Brown, have differing opinions on the new IPO from cloud storage company Box. Cramer says to buy, buy, buy, and Brown says it's a sell - actually, he says it's "hot garbage": Here's Jim Cramer's take on the Box IPO:
The excitement referenced by the "Mad Money" host is for the Box IPO. Box is a cloud-based online storage company priced above expectations on Thursday, at $14 a share. Cramer thinks that investors should call their broker and try to get in on the deal at

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Mark Cuban Was Right About Netflix

Jan 21, 2015
J. Webster
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Back in October, Mark Cuban bought 50,000 shares of Netflix, after yesterday's strong earnings release from Netflix, Cuban is a very happy man. The stock sunk to around $357 back in October and soared to over $407 today. That's a nice $50 gain in less than three months, or $2.5 million. Netflix shares went to as low as $316 in mid December, which now really looks like a fantastic time to have bought shares in Netflix! Oh it's so fun to look back and say would of, could of, should have, right? And it turns out

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Just in from Davos: Ray Dalio’s Pinching Pennies

Jan 19, 2015
J. Webster
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What with the Swiss franc soaring this past week after the Swiss National Bank stopped pegging the franc to the Euro, even billionaire hedge fund managers like Bridgewater Capital's Ray Dalio are picking up pennies off the ground in Switzerland. Can't blame Dalio though, chocolate or watches aren't cheap anymore in Davos. I don't even know if this Tweet or encounter with Ray Dalio is real, but it's funny.

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Inside Anthony Scaramucci’s Hunt & Fish Club Restaurant

Jan 18, 2015
J. Webster
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Hedge fund manager Anthony Scaramucci's restaurant, the Hunt & Fish Club, has been getting a lot of attention lately, some good, some not so good, so we thought it might be interesting to see just what it looks like inside thanks to the Hunt & Fish Club Facebook page. How would you describe it? Is opulent the word? Is ostentatious? How about elegant? I wonder if Mitt Romney will pay Scaramucci a visit and feast on a steak or two. But now that Romney seems to be moving towards an anti-poverty and anti-income inequality stance

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Financial Tweet of the Week: Andy Swan

Jan 16, 2015
J. Webster
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Currency brokerage FXCM's stock sank, going from around $17 a share to $13, after the Swiss central bank decided to let the franc trade freely against the euro, and is still halted right now. This tweet by Andy Swan pretty much sums up the risks you take when you trade currencies, especially if you are leveraged up on a trade. Via Bloomberg,

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Bank of America Never Gets Any Love

Jan 12, 2015
J. Webster
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You'd think by now that Bank of America would have solved things since the financial crisis happened over six years ago. But no, what with piles of legal bills paid out it still doesn't seem like it's time to buy shares of Bank of America, especially with interest rates so low still. Over on Fast Money on CNBC, Josh Brown was a seller of his shares in BAC.

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Ben Bernanke Happy to Just Read the Paper & Not Give a Flying F$CK

Jan 12, 2015
J. Webster
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Ben Bernanke loves to drink his coffee in the morning and read the paper and thank God he doesn't have to deal with any problems.

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