Linkfest: SAC settlement; Fed pivot to dovish stance? Financial mistakes women make; The ‘Bartiromo Effect’
Today’s most shared: Did Steve Cohen buy off the Feds? … Financial mistakes women make… Fed economists suggest new Evans rule target of 6% unemployment… New bank rules may pressure Italian deficit sustainability… Bill Gross loses largest fund title to Vanguard index fund… US median wage falls… The Maria Bartiromo Effect: Buying on CNBC CEO interviews, especially by attractive anchorwomen, seen money-losing … Mackenzie Bezos calls out errors in Amazon history.
New Yorker
The hedge-fund titan has ended up paying out a lot more than six hundred million dollars to make the feds go away—and for now, at least, he won’t face jail time.
shared by @HamzeiAnalytics, @MattGoldstein26, @mattbish, @BarbarianCap
New York Times
The hedge fund owned by Steven A. Cohen has agreed to pay a record $1.2 billion penalty, becoming the first large Wall Street firm in a generation to confess to criminal conduct.
shared by @firstadopter, @EmanuelDerman, @retheauditors, @Dvolatility, @MattGoldstein26
linkedin.com
We all make mistakes. I’ve made more than my share. Here are the top 10 financial mistakes professional women make.
shared by @AmyResnick, @JacobWolinsky, @lizzieohreally, @SallieKrawcheck
Business Insider
A pair of papers at an upcoming IMF conference show what the Fed is thinking.
shared by @TheStalwart, @rortybomb, @morningmoneyben, Reformed Broker
Reuters
ECB tests, end of cheap loans may curb bank bond buying. Treasury must attract private Italian, foreign investors. ECB says euro zone’s future will be decided in Rome.
shared by @GavanNolan, @GTCost, @SonyKapoor, @economistmeg
The Telegraph
The plot is thickening fast in Italy. Romano Prodi – Mr Euro himself – is calling for a Latin Front to rise up against Germany and force through a reflation policy before the whole experiment of monetary union spins out of control. "France,…
shared by @fiatcurrency, @ObsoleteDogma, Naked Capitalism, @EconBrothers, @mhewson_CMC
Bloomberg
Bill Gross no longer runs the world’s largest mutual fund.
shared by @pkedrosky, @ritholtz, @JohnLothian, @nasiripour
aljazeera.com
Commentary: While incomes and jobs stagnate, top earners and corporate profits continue to gain
shared by @MarkThoma, @counterparties, @Noahpinion, Reformed Broker
Reuters
NEW YORK (Reuters) – It’s a good time to be a stock picker.Some 57 percent of U.S. funds run by active managers are beating their benchmark indexes this year, according to fund-tracker Morningstar. That
shared by @jasonzweigwsj, @ReformedBroker, Crossing Wall Street, @wonkmonk_
turnkeyanalyst.com
shared by @JacobWolinsky, @ritholtz, Abnormal Returns
The Economist
TWITTER is already a social-media star. Now it hopes to become the toast of the stockmarket too. The firm has gradually been unveiling more information about its…
shared by @counterparties, @ThemisSal, @mccarthyryanj
Mail Online
Cambridge graduate Svetlana Lokhova worked in the London office of Russian firm Sberbank and said she had been subjected to victimisation before being unfairly dismissed.
shared by @volatilitysmile, @NicTrades
amazon.com
She didn’t like Brad Stone’s ‘definitive story.’
shared by @newsycombinator, Here Is The City
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Photo credit: The New Yorker – Has Steven A. Cohen Bought Off the U.S. Government?