Forbes (economy)
It's Not All About Facebook: Here's 5 Big Trades This Friday
While Facebook took all the media attention on Friday, there was action in the market. Gold rallied for the third consecutive session, sparking a positive move in AngloGold Ashanti, while Spain's Banco Santander jumped on rumors of a short-selling ban. Salesforce looked good after earnings.
The Two Things Holding Facebook Back
Facebook's awaited IPO is finally here, and after all that hype, the stock isn't really doing much. Mark Zuckerberg's company faces the deadly-tech challenge of slowing growth, as users move onto mobile devices and the user base expands in low-paying emerging markets.
Facebook To Debut As Apple Drags Markets Lower
In an action packed day, the highly anticipated Facebook IPO priced in at $38, the higher-end of the range; Mark Zuckerberg's company begins to trade on Friday. JPMorgan's CEO Jamie Dimon was called in to testify by a Senate Banking Committee, while Apple continues to tank.
No Hassle For Bernanke: New Fed Governors Won't Limit The Chairman
The Senate approved Jeremy Stein and jerome Powell to serve as governors of the Federal Reserve Board. Neither has a particular view on QE and other such issues, according to analysts, and won't limit the Chairman, giving Bernanke room to breathe.
Gold Sets For Rally As Bernanke Fed And ECB Rev Up The Printing Press
Gold has disappointed many in 2012, but the yellow metal could be ripe for a comeback, as the prospects of monetary easing in the U.S and Europe increase substantially; the latest Fed minutes and the crisis in Europe suggest QE, or some other move, is near.
At Ira Sohn, Bill Ackman Defends JC Penney, Pins Hope On New CEO Ron Johnson
Pershing Square's Bill Ackman gave the final presentation at Wednesday's Ira Sohn conference, defending J.C. Penney. The hedge fund manager owns about 18% of the company, and, despite the stock price continuing to drop, he's confident former Apple retail exectuvie Ron Johnson will turn the company around.
Billionaire John Paulson Likes Caesar's, AngloGold Ashanti, and CVR
Speaking at the Ira Sohn Conference on Wednesday, billionaire hedge fund manager John Paulson spoke of three picks he really likes: Caesar's, AngloAshanti, and CVR.
Greenlight's David Einhorn: Why Apple Can Hit $1 Trillion
Speaking at the annual Ira Sohn Conference, Greenlight Capital's founder David Einhorn said Apple, which is a software and not a hardware company, could see its market capitalization hit $1 trillion.
Ira Sohn: Laffont Likes Virgin Media, Witmer Picks Gildan
Big names of the investing world gathered at the annual Ira Sohn conference on Wednesday, where they disclosed their favorite picks. Here's some like Viacom, Virgin Media, Gildan, and Eqinix.
Mitt Romney: What's He Really Worth?
Forbes reveals the most definitive valuation of the man who would be the richest President ever.
Activist Ackman's Pershing Square Still Betting On JC Penney, Canadian Pacific
In their latest quarterly release, Pershing Square, run by activist investor, reported it still holds big positions in JC Penney and Canadian Pacific, where Ackman is fighting to shake up the board and remove management.
Einhorn's Greenlight Cuts Down On Tech, Sells Out Of Yahoo
Billionaire hedge fund manager David Einhorn disclosed the long equity positions held by his Greenlight Capital in the first quarter, showing less interest for mobile-related tech companies like Research in Motion and Microsoft, cutting Sprint, and closing Yahoo.
Google+'s Only Chance To Stop Facebook: Socially Enhanced Search
With Facebook's coming IPO, the pressure is back on Google, the internet hegemon, to step up its game in social media, particularly by leveraging its core search product, enhancing it with social data.
Brace Yourself For More Fed Easing In June, Goldman Sachs Says
With the economic recovery in the U.S. dwindling, the European sovereign debt crisis falring up again, and a looming fiscal crisis toward the end of the year, the possibility that Chairman Ben Bernanke and the Fed will engage in additional easing has risen again.
Tepper's Appaloosa Buys Tech And Airlines: Adds To Apple, United Continental
Billionaire hedge fund manager David Tepper disclosed the first quarter holdings of his Appaloosa Management on Monday, having placed big bets on tech names like Apple, Wall Street banks like Citi, auto companies like Ford, and airlines like United Continental.
How And When Greece Will Leave The Euro: New Drachma To Slide 50%
With the possibility of a Greek exit from the EU becoming very real, analysts are already looking at the effects of a breakdown in the negotiations between the Troika left-leaning Greek politicians, leading to an end of the emergency assistance and a new currency in Greece.


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