Mitt Romney scored a decisive win in Tuesday night’s Florida primary, handily beating Newt Gingrich, his closest competitor, by 14 points. Romney picked up 50 delegates in the winner-take-all race, but that’s just a small percentage of the 1,144 delegates needed to secure the Republican presidential nomination. The insurgent Newt Gingrich, whose campaign was lifted [...]
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Follow Yahoo!’s The Daily Ticker on Facebook here! The stock market got off to a surprisingly strong start in January, posting the best first-month results in more than a decade. This despite the fact that the economy itself continues to be disappointing, with weak job creation, high unemployment, and sluggish GDP growth. But Barry Ritholtz, [...]
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Provided by Business Insider’s Nicolas Carlson: Facebook is going to file for an IPO this morning. In that filing, Facebook will have to disclose long held secrets about how well its business has been performing. We’re going to see if Facebook is growing and how fast, whether it’s profitable or not, and who owns how [...]
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Follow Yahoo!’s The Daily Ticker on Facebook here! Mitt Romney is back, at least for the moment, after a double-digit loss to Newt Gingrich in the South Carolina Republican Primary over a week ago. Two polls released ahead of Florida’s Tuesday primary show Romney now with a double-digit lead over the former Speaker of the [...]
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Follow Yahoo!’s The Daily Ticker on Facebook here! Home prices continue to fall and the trend continued in November, as prices dropped more than expected. The latest S&P Case-Shiller 20-city composite index of home values showed prices were down 3.7% from the same period in 2010 and down 0.7% from October. Economists had predicted a [...]
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Follow Yahoo!’s The Daily Ticker on Facebook here! After months of breathless anticipation, Facebook is finally preparing to file documents in preparation for an IPO. According to reports, the company will file a prospectus with the SEC this Wednesday. This document should lay out the company’s financials and business in extraordinary detail and start the [...]
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“Save yourself - some money.” Those were William Shatner’s last words as Priceline’s “Negotiator.” The discount-price travel booking site apparently killed off the television and movie legend last week in a TV advertisement. In the commercial, which has been airing nationally and will also be shown during the Super Bowl pre-game show, Shatner’s character saves [...]
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NPR and ProPublica released an explosive report Monday that found government-owned mortgage giant Freddie Mac betting against the very homeowners it is supposed to help. According to the news article, the investment division of Freddie Mac (or as Henry calls it, Freddie’s “gambling desk”) placed billions of dollars of bets against homeowners who were trying [...]
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Follow Yahoo!’s The Daily Ticker on Facebook here! The late 2011-early 2012 rally is facing its first real challenge amid a string of negative headlines coming from (you guessed it) Europe. European stocks tumbled and yields of Portuguese debt surged to Euro-era highs Monday as EU finance ministers gathered for their first meeting of the [...]
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Follow Yahoo!’s The Daily Ticker on Facebook here! In his State of the Union address, President Obama called for Congress to pass a mysterious, miracle plan that would allow all Americans under water on their mortgages to refinance, saving around $3000 a year each. The next day, Ben Bernanke talked about “problems in housing finance” [...]
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Provided by Business Insider: I spoke with Yale professor Robert Shiller in Davos earlier this week. Shiller has correctly identified (in advance) two major price bubbles in recent decades—the stock market bubble of the late 1990s and the housing bubble of the late 2000s. One of the key attributes of most bubbles is that, when [...]
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The Fed’s announcement it will leave rates at zero until “at least” the end of 2014 makes a bit more sense in light of Friday’s advanced fourth-quarter GDP report. The U.S. economy grew 2.8% in the fourth quarter, the strongest since the second quarter of 2010 and up from 1.2% in the prior three quarters. [...]
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Provided by Business Insider: I had breakfast yesterday with Steve Roach, one of Wall Street’s most respected economists. Steve is now the chairman of Morgan Stanley Asia and a professor at Yale. In addition to getting Steve’s latest take on the global economy (gloomy), I learned that he is married to my second grade teacher, [...]
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Follow Yahoo!’s The Daily Ticker on Facebook here! There seems to be no end in sight for the dysfunctional manner in which our elected Congressional officials have chosen to run the United States of America. Whether or not to give President Obama the authority to raise the debt ceiling by $1.2 trillion is just the [...]
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Follow Yahoo!’s The Daily Ticker on Facebook here! Blackstone Vice Chairman Byron Wien released his 27th annual market predictions list and the most “surprising” prognostication centers on oil prices. He tells The Daily Ticker’s Aaron Task that oil could drift to $85 a barrel, about a 15 percent drop from oil’s current price. Many economists [...]
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