• Pivotfarm
    04/18/2014 - 12:44
    Peering in from the outside or through the looking glass at what’s going down on the other side is always a distortion of reality. We sit here in the west looking at the development, the changes and...

Apple

EconMatters's picture

5 Stocks Due For A Pullback In 2014





These names can fall farther than investors ever think once the downside momentum kicks in......

 


Tyler Durden's picture

Union Jobs Are The New iPads As 1500 New Yorkers Camp Out Three Freezing Days For A $17.20/Hour Job





While this morning's dismal jobs data is being blamed on the weather (despite no other recent indicator reflecting the same effect), it seems New Yorkers are not afraid of the cold. In fact, as FoxNY reports, it seems there is a new 'must-have' for the New Year - a Union Job. 1,500 people have been on line since 1pm on Tuesday for a 'coveted' union job that pays $17.20 per hour (for painting and decorating apprenticeships) and could lead to a full-time union position. Forget the iPhone5S, union jobs is where it's at...

 


Tyler Durden's picture

Frontrunning: January 10





  • From the guy who said the market is not overvalued: Q&A with Fed’s Williams on Upbeat 2014 Outlook and What Keeps Him up at Night (Hilsenrath)
  • Obama Readies Revamp of NSA (WSJ)
  • Indian envoy leaves U.S. in deal to calm diplomatic row (Reuters)
  • China overtakes US as largest goods trader (FT)
  • Wall Street Predicts $50 Billion Bill to Settle U.S. Mortgage Suits (NYT)
  • Low-End Retailers Had a Rough Holiday: Family Dollar, Sears Struggle as Lower-Income Customers Remain Under Pressure (WSJ)
  • ECB charts familiar course as Japan, US and UK begin to diverge (FT)
  • Housing experts warn of hiccups as new U.S. mortgage rules go live (Reuters)
  • It's a HFT eat HFT world: Infinium ex-employees sue over $4.1m loss (FT)
  • Slowing China crude imports to challenge exporters (FT)
 


Tyler Durden's picture

Meet China's "Street Of Fakes"





From "The Appla Store" to "Sffcccks Coffee", the southern Chinese city of Wuxi has seen a "street of fakes" sprout up that flaunts modified name of famous international stores. As the South China Morning Post reports, on this commercial street, located near the Wuxi East Railway Station, the "shanzai" (translated - knock-offs) are in fact all empty - designed to entice buyers of commercial and residential property in yet another ghost city to lever-up and speculate.

 


Tyler Durden's picture

Frontrunning: January 9





  • Carney Guidance Threshold Strained as BOE Holds Policy (BBG)
  • Does one laugh or cry: China Tells Banks to Improve Disclosures in Shadow-Lending Fight (BBG)
  • Big Business Doubles Down on GOP Civil War With Tea Party (BBG)
  • CIA sued for records on possible role in Nelson Mandela arrest (RT)
  • Bridge Scandal Destroys Christie's 'Nice Jerk' Image (BBG)
  • Borrowers Hit Social-Media Hurdles (WSJ)
  • U.S. Leverage in Iraq Tested As Fears of Civil War Mount (WSJ)
  • Austerity drive cuts into Chinese inflation (FT)
  • Dish Pulling Its Bid for LightSquared (WSJ)
  • BlackRock agrees to end analyst surveys (Reuters)
  • Germany defends economic policies after US criticism (FT)
  • Bank of Korea Holds Rate Even as Yen Clouds Export Outlook (BBG)
 


Tyler Durden's picture

Yahoo Virus Converts Millions Of Computers Into Bitcoin Mining Slaves





A few days ago it was revealed that numerous European users of Yahoo, as many as two million, had gotten infected with malware from virus-laden ads served by Yahoo's homepage during the period from December 31 to January 3. The company admitted as much when it revealed that "From December 31 to January 3 on our European sites, we served some advertisements that did not meet our editorial guidelines – specifically, they spread malware." Users in North America, Asia Pacific and Latin America weren't affected, Yahoo said. Nor were users of Apple Macs or mobile devices. "We will continue to monitor and block any advertisements being used for this activity," the company added. "We will post more information for our users shortly." What was not clear is just what function the ad virus served. According to the Guardian, the purpose of the most prevalent virus spread by the website was to convert the infected computers into Bitcoin mining slaves.

 


Tyler Durden's picture

Frontrunning: January 8





  • Here comes JPM's next multibillion legal reserve: Federal Probe Targets Banks Over Bonds (WSJ)
  • Mulally Bows Out of Microsoft CEO Race, Staying at Ford (BBG)
  • United States sending more troops and tanks to South Korea (Reuters)
  • Eurozone unemployment sticks at record high (FT)
  • China-Japan 'Voldemort' attacks up ante in propaganda war (Reuters)
  • Alternative Lenders Peddle Pricey Commercial Loans (WSJ)
  • John McAfee: glad Intel dropping name from security software (Reuters)
  • Jobless Benefits Bill Stays Alive Amid Talks on Offsets (BBG)
  • Chicago Colder Than South Pole as Frigid Air Clamps Down (BBG)
  • Former Miss Venezuela shot dead in attempted robbery (Reuters)
 


Tyler Durden's picture

Standpoint Research Discovers Capitalism, Downgrades Apple For "Moral Reasons"





"For Apple Computers to pay their workers $2 an hour while they have $150 billion in the bank is nothing short of obscene. They have workers who are doing back-breaking and eye-burning work in depressed states of mind and in many instances have already committed suicide. Instead of treating their employees like human beings, they are treated like animals. If it were not for their employees, Apple would not be where it is today. But instead of giving these people a better life, they give these people the bare minimum and defend this action with the argument that the wage is higher than the average there and in-line with what their competitors are paying."

 


Tyler Durden's picture

Competence, Creativity, Mastery, Genius: The Essential Role Of Risk





When risk vanishes, so does creativity.

 


Tyler Durden's picture

Frontrunning: January 3





  • Heavy snowstorm hammers northeastern U.S. (Reuters)
  • Coins Remain a Bright Spot for Gold (WSJ)
  • Gross’s Mistake on Fed Taper Echoes Across Pimco Funds (BBG)
  • China December services PMI falls to four-month low (Reuters)
  • General Mills Starts Making Some Cheerios Without GMOs (WSJ)
  • U.S. considers flammability risk of Bakken crude after accidents (Reuters)
  • China Mobile’s Costly iPhone Deal with Apple (WSJ)
  • Hezbollah Upgrades Missile Threat to Israel (WSJ)
  • UK House Prices Cap Best Year Since 2006 as Mortgages Surge (BBG)
  • China tells police to be loyal to party amid graft crackdown (Reuters)
 


Tyler Durden's picture

"Rich Will Keep Getting Richer In 2014" - In 2013, Top 300 Billionaires Added Half A Trillion In Net Worth





All the pundits who preach an economic recovery in the US always fall strangely silent when asked to share their thoughts on the following chart (taken from the St. Louis Fed), showing the annual change in real disposable income per capita in the US. What seems to stump them most is that aside from the 2012 year end aberration (due to accelerated distribution of dividends ahead of the 2013 tax hikes) is that in November the series finally posted its first Y/Y decline (-0.1%) since the Lehman collapse. But as the chart notes, the data is "per capita" and as everyone knows, under the New Normal, some "per capitas" are more equal than other "per capitas." Enter the billionaires. As Bloomberg summarizes, "The richest people on the planet got even richer in 2013, adding $524 billion to their collective net worth, according to the Bloomberg Billionaires Index, a daily ranking of the world’s 300 wealthiest individuals. The aggregate net worth of the world’s top billionaires stood at $3.7 trillion at the market close on Dec. 31, according to the ranking. "The rich will keep getting richer in 2014," John Catsimatidis, the billionaire founder of real estate and energy conglomerate Red Apple Group Inc., said in a telephone interview from his New York office.

 


Tyler Durden's picture

Frontrunning: January 2





  • Threatening snowstorm may be early test for N.Y. Mayor de Blasio (Reuters), U.S. Northeast Threatened With Blizzard, Travel Delays (BBG)
  • Scarred U.S. consumers a hard sell for traditional retail (Reuters)
  • Edward Snowden, Whistle-Blower (NYT)
  • A Few Brave Investors Scored Huge, Market-Beating Wins (WSJ)
  • Fiat gets full control of Chrysler for $4.35 billion (Reuters)
  • Billions Vanish in Kazakh Banking Scandal (WSJ)
  • SAC’s Cohen Focus of Trial as Martoma Rebuffs U.S. (BBG)
  • World's first state-licensed marijuana retailers open doors in Colorado (Reuters)
  • Hyundai, Kia face fading growth as currency tides buoy Japan rivals (Reuters)
  • Bond investors braced for new year shock (FT)
  • Putin vows total destruction of 'terrorists' after bombings (AFP)
 


Tyler Durden's picture

The Complete Guide To How The NSA Hacked Everything





Here is the complete slidebook of how the NSA hacked, well, everything.

 


Tyler Durden's picture

Apple Denies Ever Working With The NSA





 


Tyler Durden's picture

Frontrunning: December 31





  • Firms to Face new Rules Over Pay, Taxes (WSJ)
  • US to test commercial drones at six sites (CNN)
  • China’s Local Debt Swells to 17.9 Trillion Yuan in Audit (BBG) - which is about 2 trillion less than where it actually is (Reuters)
  • Fears after key China debt level soars 70% (FT) and in reality the debt level is saoring far more
  • Pot Shops in Denver Open Door to $578 Million in Sales (BBG)
  • China Says It Will Shun Abe After Shrine Visit (WSJ)
  • De Blasio Taking Office Citing Wealth Gap as Crime Falls (BBG)
  • China Approves $353 Million of Share Sales as IPOs Resume (BBG)
  • Obama Seeks Way to Right His Ship (WSJ)
  • Netflix Tests Subscription Fees Based on Number of Account Users (BBG)
  • Three big macro questions for 2014  (FT)
 


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