• Pivotfarm
    05/21/2015 - 16:48
    Janet Yellen at the Federal Reserve believes that the partying on Wall Street and in the financial institutions may “lead to trouble”.
  • EconMatters
    05/21/2015 - 13:17
    The 2nd tallest building in the world, Shanghai Tower, will open to the public mid 2015 during a time when China's own economy is going through the darkest period in recent years.     

Motorola

Tyler Durden's picture

Google Reports Early: Huge Miss Sends Stock Plunging





Google is down over 8% as it reported earnings early and surprised to the downside...

  • GOOGLE 3Q REV. EX TAC $11.33B, EST. $11.83B           
  • GOOGLE 3Q ADJ. EPS $9.03, EST. $10.65
  • Q3 REVENUE EX-TAC $11.33 BLN VS EXP. $11.83 BN
  • Q3 NETWORK REVENUE USD 3.13 BLN

Full EDGAR filing below...

 
Reggie Middleton's picture

Right On Time, My Prediction Of Apple Margin Compression 8 Quarters From My CNBC Warning Landed Right On The Money!





This post is to address all of the #fanbois & rose colored #iPhone5 investors who spread FED (oops, I mean FUD) regarding my views & accuracy on Apple. Well, the facts simply speak for themselves - and they're starting to get rather loud! Read on...

 
Reggie Middleton's picture

Lauren Lyster & I See The iBubble Go iPop Once Those 10 Million MBS Trader Jobs Fail To Materialize As Bernanke Promised





Here is one of the best examples of financial reporting that I have seen on TV. As a matter of fact, the interviewees on the street gave far more credible input than the highly paid, so-called "experts" on those MSM outlets. 

 
Tyler Durden's picture

Frontrunning: September 6





  • Draghi Credibility At Stake As ECB Tries To Save The Euro (Bloomberg)
  • Clinton Returns to Back Obama (WSJ)
  • Taxi fares up 17% in New York City (Toronto Sun)
  • High Speed Scandal: Ferrari Incident Rocks China (Daily Beast)
  • China’s Richest Man Benefits From Thirst For Soft Drinks (Bloomberg)
  • China August export growth seen weak, imports slow (Reuters)
  • Death to PowerPoint! (BusinessWeek)
  • Sweden surprises with interest rate cut (WSJ)
  • IMF demands greater clarity on Irish austerity plans (Reuters)
  • At Abercrombie & Fitch, Sex No Longer Sells (Bloomberg)
  • And the best for last: California Treasurer Backs Law to Ban Costly Long-Term Bonds (Bloomberg) -> legislating low, low yields
 
Tyler Durden's picture

Frontrunning: September 3





  • Germans write off Greece, says poll (FT) - Only a quarter of Germans think Greece should stay in the eurozone
  • As predicted here two months ago: ECB chief and Spanish PM on collision course (FT)
  • Gold Wagers Jump To 5-Month High As Fed Spurs Rally (Bloomberg)
  • Euro zone factories faltering as core crumbles (Reuters)
  • Those who expected more China easing, beware: PBOC Has No Short Term Intention for Loose Money Policy (Financial Market News)
  • French jobless tops three million, minister says (AFP)
  • Spain Leads Europe’s $25 Billion Gamble Before ECB (Bloomberg)
  • US investor is Ireland’s biggest creditor (FT)
  • Draghi May See Silver Lining In Disappointing Investors (Bloomberg)
  • China's steel traders expose banks' bad debts (Reuters)
  • NY probes private equity tax strategy  (FT)
 
Tyler Durden's picture

Frontrunning: August 13





  • Oil hits 3-month high above $114 on supply concern (Reuters)
  • G20 plans response to rising food prices (FT)
  • First centrally planned FX, now real estate - SNB Seen Targeting Bank Capital to Curb Property Boom (Bloomberg)
  • EU hedge funds face pay threat (FT)
  • Euro-Area Crisis Has ‘No Obvious End in Sight,’ BOE’s King Says (Bloomberg)
  • King urged to widen recovery measures (FT)
  • All threats "dwarfed" by Iran nuclear work: Israel PM (Reuters)
  • Obama campaign attacks Romney’s pick (FT)
  • Romney, Ryan hit the road in an energized campaign (Reuters)
  • Yellen Must Show How 12 Fed Opinions Become One Policy (Bloomberg)
 
Tyler Durden's picture

Frontrunning: June 25





  • Merkel Backs Debt Sharing in Germany Amid Closer EU Push (Bloomberg)
  • With a ruling as early as today, here are four health care questions the Supreme Court is asking (CBS)
  • George Soros - Germany’s Reticence to Agree Threatens European Stability (FT)
  • China Stocks Drop to Five-Month Low (Bloomberg)
  • The New Republic of Porn (Bloomberg)
  • That's a costly detached retina: Greek Lenders Postpone Mission to Athens (FT)
  • Spain Asks for Aid as EU Fights Debt Crisis (FT)
  • Wolfgang Münchau - Why Mario Monti Needs to Speak Truth to Power (FT)
  • U.S. Banks Aren’t Nearly Ready for Coming European Crisis (Bloomberg)
  • MPC Member Wants £50bn Easing (FT)
  • India Boosts Foreign Debt Ceiling by $5 Billion to Defend Rupee (Bloomberg)
 
Tyler Durden's picture

Frontrunning: June 8





  • Obama Seeking Ally on Europe Finds Merkel a Tough Sell (Bloomberg) - but he has an election to win
  • China rate cut sparks fears of grim May data (Reuters)
  • China faces stimulus dilemma  (FT)
  • Papademos warns of Grexit vortex (FT)
  • China’s Shipyards Fail to Win Orders as Greek Owners Shun Loans (Bloomberg)
  • Rajoy Holds Bank Talks With EU Leaders as Fitch Downgrades Spain (Bloomberg)
  • Capital Rule Is One Size Fits All (WSJ)... now the modest question of where to get the $3.9 trillion in capital
  • Merkel Pokes at Cameron With Backing for Two-Speed Europe (Bloomberg)
  • City safeguards set Britain at odds with EU (FT)
  • Bernanke says Fed to act if Europe crisis deepens (Reuters)
 
Tyler Durden's picture

Presenting How Carl Icahn Accumulated A 7.5% Stake In Chesapeake In 18 Days, And His Letter To The CHK Board





Recall when Zero Hedge said two weeks ago that in the age of ZIRP, corporate balance sheets simply do not matter. The reason for that conclusion were of course the endless public debates over whether Chesapeake's massively overlevered capital structure would lead to its demise. Our view was that while balance sheets certainly matter in a normal market, one not dominated by central planning and endless hunger for yield, in the new ZIRP normal, none of the old school metrics of solvency, viability or even profitability matter. One person who appears to have agreed with our assessment, and put his money where his mouth is, or $775MM more specifically, is none other than legendary corporate raider Carl Icahn, who minutes ago announced that funds controlled by Icahn have raised their stake in CHK to 7.56%, making him the second biggest holder of the stock, and in a letter just sent to the CHK Board, in rather angry tones, demanded 2 board seats for his own representatives and 2 for Chesapeake's largest shareholder Southeastern Asset Management. Below we chart just how it is that beginning on April 19 at a price of $18.03, Icahn's funds accumulated over a period of 18 days, a total of 49.4 million shares of stock at what appears to be a Volume Weighted Average Cost of $15.70/share, meaning that as of the stock spike on this announcement he is currently in the money.

 
Tyler Durden's picture

Frontrunning: February 23





  • IMF Official: 'Huge' Greek Program Implementation Risks In Next Few Days (WSJ)
  • European Banks Take Greek Hit After Deal (Bloomberg)
  • Obama Urged to Resist Calls to Use Oil Reserves Amid Iran Risks (Bloomberg)
  • Hungary hits at Brussels funds threat (FT)
  • Bank Lobby Widened Volcker Rule Before Inciting Foreign Outrage (Bloomberg)
  • Germany fights eurozone firewall moves (FT)
  • New York Federal Reserve Said to Plan Sale of AIG-Linked Mortgage Bonds (Bloomberg)
  • G-20 Asks Europe to Beef Up Funds (WSJ)
  • New Push for Reform in China (WSJ)
 
Tyler Durden's picture

Frontrunning: February 14





  • BOJ Adds to Monetary Easing After Contraction (Bloomberg)
  • EU to punish Spain for deficits, inaction (Reuters)
  • Obama, China's Xi to tread cautiously in White House talks (Reuters)
  • Global suicide 2020: We can’t feed 10 billion (MarketWatch)
  • Greece rushes to meet lender demands (Reuters)
  • Obama Budget Sets Up Election-Year Tax Fight (Reuters)
  • Foreign Outcry Over ‘Volcker Rule’ Plans (FT)
  • Moody’s Shifts Outlook for UK and France (FT)
  • France to Push On With Trading Tax (FT)
 
Tyler Durden's picture

Near Record Institutional Short Interest Caught With Pants Down In Motorola Mobility Acquisition





As if hedge funds did not have enough to worry about with redemption requests galore after last week's epic rout and vol surge, today's Google stunner acquisition of MMI caught a near record number of them with their pant down. The company, which had over the past year, ever since its spin off, become one of the most despised public companies, saw a 250% increase in its short interest since December, peaking at 25 million shares short, dropped to just under 20 million shares, or essentially the second highest to date. These are precisely the institutional shorts who are hating their live right now as they are sitting on a $260 million paper loss, enough to wipe out several mid-size hedge funds. Speaking of, following rampant rumors spread by CNBC's strategy session last week that various funds were blowing up left and right (in addition to perennial bete noire Paulson & Co of course), we have yet to hear of even one casualty. Just how tight of a lid are prime brokers keeping on their hedge fund client casualties if not one peep has been uttered about who blew up? Following today's trouncing in MMI, we doubt this secret will be such a secret for much longer.

 
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