• FUBU Founder Daymond John: Regrets, I’ve Had a Few

    Daymond John, self-made multi-millionaire entrepreneur, co-founder of FUBU, investor on ABC’s “Shark Tank,” marketing whiz: He has few regrets, but he tells “Off The Cuff” what he would do differently, and shares the lessons he’s learned as an entrepreneur. John details what he looks for in a business partner, the challenges of celebrity endorsements, and why he keeps his private life under wraps.

    RELATED: Macy's CEO: Martha Stewart Made 'a Mistake'

    Read More »from FUBU Founder Daymond John: Regrets, I’ve Had a Few
  • With Big Bond Sale, Apple No Longer ‘Thinks Different’

    For years the most exceptional of corporate brand names, Apple Inc. (AAPL) is now the quintessential company of the current bull market, relying on the kindness of the bond market to fund an aggressive stock buyback. This maneuver is perfectly in sync with today’s financial-engineering fashion.

    A year ago Apple stood astride the financial markets, attaining the highest market value ever as it topped $600 billion. The iJuggernaut’s fabulous profitability, stupendous share-price gains and cult-inspiring products nearly consumed all the capitalist oxygen in a world of muted economic growth, range-trapped stock indexes and plodding technological advances.

    More than 90% of brokerage analysts were recommending the stock, it was the most heavily owned name by hedge funds and, at its $702 peak in September 2012, was up 70% for 2012 versus less than 15% for the other 499 stocks in the Standard & Poor’s 500 combined.

    A well-known comeuppance

    Then came the well-known comeuppance, with stiffer

    Read More »from With Big Bond Sale, Apple No Longer ‘Thinks Different’
  • It was a day of relative calm on Wall Street as the major indexes closed out April with roughly 2% gains. The S&P 500 set a new intraday high today and rose 0.28% to close at another record high 1,598. The Nasdaq continued to lead the market, rising 0.66% to 3,329.

    The economic news of the day was mixed. Chicago PMI came in weaker-than-expected at 49, showing a contraction in Midwest manufacturing activity in April. The S&P/Case Shiller Housing Index for 20 cities found that during February prices for single-family homes posted their biggest annual gain in seven years. Meanwhile, the Conference Board says consumer confidence jumped to 68.1 in April, lifted by a better outlook for the job market. Analysts were expecting a reading closer to 61.

    Shares of Best Buy (BBY) soared over 7% on news the company is ending its business in Europe. The big box retailer is selling back its 50% stake in British cell phone company Carphone Warehouse. Best Buy bought half of Carphone Warehouse 5 years ago

    Read More »from Stocks Close Out April With 2% Gains, S&P 500 Sets Another Record High
  • CFTC Commissioner on #HackCrash: Beware of a Rise in Twitter Arbitrage

    The Commodity Futures Trading Committee is currently holding a hearing on the market impact of the April 23rd Twitter attack.

    The Twitter hack, which targeted an Associated Press account, sent a false tweet to 1.9 million followers that two bombs had exploded in the White House, injuring President Barack Obama. Markets reacted, losing $136 billion in value in a matter of minutes before quickly rebounding.

    “This thing really did put the markets in a tumble,” says Bart Chilton, Commissioner of the CFTC. “As regulators I think we’ve always looked at social media as something that’s outside of our jurisdiction, but last week's hack attack shows we’re in a perilous position in regard to the confluence of social networks and trading so it can have a heavy and quick impact.”

    Whether or not the CFTC will take an official position on the issue is up for debate. But Chilton gave The Daily Ticker a preview of some of the issues they might explore during the hearing.

    “Social media is more than a

    Read More »from CFTC Commissioner on #HackCrash: Beware of a Rise in Twitter Arbitrage

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