So this is a bit of a headscratcher. According to todays Non-Farm Payrolls report, the gain in movie industry/sound recording jobs was the biggest since they’ve been tracking this number. Check it out. Please follow Money Game on Twitter and Facebook. Join the conversation about this story » Check out the original source here.
The markets started the day roughly neutral. But in the last hour and a half there have been bucket loads of bad data (see: here, here, and here) both in terms of PMIs and employment. And now the market is breaking down. Most indices are in the red. Italy is getting particularly hard hit. Please […]
Markets continue to act as though the Italy-inspired Monday panic never happened. After the Dow hit a brand new post-crisis high yesterday, Japan turned in another gigantic session. The Nikkei gained 2.7%. China also had a good day, adding 2.2%. In the meantime, Europe is modestly higher, as is the US. Watch out. We get […]
Markets around the world are rallying. Europe just closed at 11:30 AM ET. And the big winner in Europe was Italy. The FTSE MIB index closed up 1.7 percent. Earlier today, the Italy successfully went into the bond markets and sold 10-year debt at a borrowing cost that was lower than what most feared. Here’s […]
Hedge fund manager David Tepper, the founder of Appaloosa Management, added to his Apple position during the fourth quarter, according to a 13F filing with the SEC. For the fourth quarter ended 12/31/2012, Appaloosa owned 486,476 shares of the tech giant’s stock, the filing shows. In the previous quarter, the fund held 347,768 shares of […]