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Shhh! Goldman is holding a conference with its favorite startups
Capital Markets
Goldman Sachs is hosting its annual by-invitation-only startup conference in Las Vegas at the Bellagio on Tuesday and Wednesday, reports ReCode. Goldman Sachs is a bit of an also-ran in Silicon Valley. This conference is its stab at gaining street cred. And the companies that present are usually their faves or firms they would like to be clients, says ReCode.…
Daily Scan: Stocks fall flat; Germany ends soccer game after bomb threat
Capital Markets
Updated throughout the day November 17, 2015 U.S. stocks ended the day flat after an initial boost early on. Wal-Mart's earnings beat expectations, sending its shares up 3.5% Tuesday. The U.S. Consumer Price Index rose 0.2% in October, as expected. But industrial production fell 0.2% in October, after expectations it would remain flat. The meeting minutes from the Federal Reserve's October…
Overheard on Twitter: Where all this M&A activity is leading us
Capital Markets
From Dealogic: US targeted M&A volume has reached $2.03tr in 2015 YTD, up 55% from $1.31tr announced in 2014 YTD. This marks the first time on record any country has passed $2tr in targeted M&A volume in a calendar year To which, Twitter responds: @firstadopter named Berkshire Hathaway — Bob Brinker (@BobBrinker) November 17, 2015 Photo: thetaxhaven 
Daily Scan: Asia ends on a high; Auto sector helps drive up Euro markets
Capital Markets
Updated throughout the day November 17, 2015 Asian markets continued to soar until the final bell Tuesday, wiping out most of the losses from Monday when investors overestimated the market impact of Friday’s terror attacks in Paris. Hong Kong’s Hang Seng Index and Australia's S&P/ASX 200 rose 1.2% and 2.3%, respectively, while Japan’s Nikkei Stock Average rose 1.2% on the…
The next financial crisis -- how good rules go bad
Capital Markets
Karen Shaw Petrou’s Federalist Society speech titled, “The Next Financial Crisis – How Good Rules Go Bad” It is an honor to speak here today with Senator Gramm, a man whose name graces many of the most important banking and budgetary bills enacted during the decades he represented Texas voters – I know they miss him still. He has just…
Daily Scan: Energy stocks boom with fears of oil supply disruption
Capital Markets
November 16, 2015 Stocks rose Monday, despite concerns that the attacks in Paris would scare investors. The S&P 500 added 1.5%, led by the energy sector, which gained 3.3%.  U.S.-traded crude oil rose 3% to $42.08/barrel as investors showed their concern that airstrikes in the Middle East could lead to oil-supply disruptions. The Dow was up 1.4%, and the Nasdaq added 1.15%.…
The shadow rate casts gloom
Capital Markets
Nearly 92% of economists surveyed this week by the Wall Street Journal expect that our eight-year experiment with unprecedented monetary easing from the Federal Reserve will come to an end at the next Fed meeting in December. Since we have had the monetary wind at our back for so many years, at least a few have begun to question our…
The gig economy is the new normal
Capital Markets
<p>An already-confusing employment environment grew even more complicated this past week. Many readers responded to my “Crime in the Jobs Report” letter with their own stories. Some confirmed what I wrote, while others disputed it. Some of the stories I read from readers who are stuck far from where they want to be in this job market were very moving. I think everyone agrees the labor outlook is uncertain. I sense a lot of nervousness, even from those who have secure jobs that pay well. In today’s letter, I’m going to respond to some of the observations and data that came in this week on employment.</p> <p>Read more at Advisor Perspectives <br /> Photo: Quazle</p> <p>&nbsp;</p>
Daily Scan: Asian shares fall; bond prices higher after terrorist acts in Paris
Capital Markets
Updated throughout the day November 16, 2015 Bonds edged higher in the Eurozone and most Asian stocks sank after the terrorist attacks in Paris Friday night.  News that Japan is in a recession for the second time in two years didn't help. The Hang Seng Index dropped 1.72%, the Hang Seng China Enterprises Index tanked 1.99%, and the Nikkei 225 fell 1.04%. China bucked the&hellip;
Weekend Scan: Three brothers, a woman part of terrorist crew in Paris; France bombs ISIS in Syria
Capital Markets
<p>Leur rendre hommage à la hauteur de nos tristesses #Bataclan #PrayForParis #PrayForPeace ?????❤️??<br /> A photo posted by Laeticia Hallyday (@lhallyday) on Nov 15, 2015 at 7:21am PST</p> <p>November 15, 2015</p> <p>The week opens in the shadow of the coordinated attacks in Paris that left at least 129 dead, 349 injured, 96 in critical condition.  Sunday evening France bombed terrorist strongholds in Syria, reportedly Raqqa, the "self-proclaimed capital" of the Islamic caliphate (paywall). Previously, France had played a smaller role in the airstrikes in Syria. The U.S. is now reportedly providing strategic intelligence (paywall) to help pinpoint targets.</p> <p>Here's what else you need to know:</p> <p>Japan slips back into recession. The Japanese economy shrank 0.8% in the third quarter, worse than analyst estimates of a 0.3% fall. While a massive blow to Abenomics as well as to the Bank of Japan’s decision to hold off additional stimulus measures, a breakdown of the figure suggests that this may be temporary, as a rundown in inventory drove most of the fall. Financial Times (paywall)</p> <p>A woman and three brothers part of the kamikaze terror crew. Three separate teams of terrorists led the attack. Eyewitnesses say that a woman was among the gun-toting terrorists who mowed down concertgoers at the Bataclan. Two of the seven dead terrorists posed as Syrian migrants saved from a sinking boat and reached France through Greece.  There's a manhunt now for 26-year-old Salah Abdeslam a Frenchman living in Brussels with his two brothers, one of the terrorists who killed himself. The other brother has been arrested in Brussels.  Daily Mail/New York Times (paywall)</p> <p>G20 members promise to respond to terror; Obama, Putin have private chat The two-day meeting in Antalya, a resort town in Turkey, has quickly shifted the original agenda from climate change and the economy to Syria and ISIS. Presidents Obama and Putin stepped aside along with security advisor Susan Rise and a Russian aide for an impromptu chat. French President Hollande cancelled his trip and sent his foreign minister to the meeting.  MarketWatch/CBS News</p> <p>Markets appear set to open lower in wake of attacks. Stocks ended on a soft note last week with the S&amp;P 500 ending 3.6% lower, ending a six-week streak of positive returns; it was the worst performance since September 4. Bonds recovered some of their losses last week. After disappointing reports on retail sales and further slides in commodity prices, the 10-year note yield dropped 5 basis points to 2.28% and the 2-year note trimmed 4 basis points to 0.85% (yields fall when prices rise). MarketWatch/T.Rowe Price</p> <p>Robin Hood Investors Conference begins Monday. Greenlight Capital’s David Einhorn, Kase Capital’s Whitney Tilson and Third Point’s Daniel Loeb are among the hedge fund managers sharing ideas at the two-day confab. Speakers list here.</p> <p>Inflation and production numbers on board in the U.S. this week. Last week, retail sales from the Commerce Department were disappointing. Investors will look for signs of inflation in the CPI report for October and weigh the strength of the factory sector as the Federal Reserve considers a rate hike in December. On Wednesday, the Fed releases the minutes from its October meeting, which could provide insights into what the policymakers may be inclined to do next. Complete weekly calendar here.</p> <p>Democratic presidential nominees spar Saturday night. The terrorist attacks in Paris cast a pall on the evening debates, the second set for the rivals. But the contenders, the dominant Hillary Clinton, Bernie Sanders, and Martin O'Malley soldiered on. Weirdest moment of the night: Clinton used the 9/11 attack to defend her Wall Street donations. Politico</p> <p>IMF backs yuan to join elite basket. The International Monetary Fund’s staff has recommended that China’s yuan should join the elite basket of currencies used to value its own de facto currency. It’s a vote of confidence in China’s economic reforms and efforts to establish the currency as a