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Credit Suisse Admits Cheating the U.S. System

http://wallstreetdaily-1.wistia.com/medias/ch9rcqir5i?embedType=seo&videoFoam=true&videoWidth=584 It’s about time! Credit Suisse (CS) finally admits the truth… It’s been cheating the system. Our U.S. Justice Department, at last, salvaged a guilty plea from the once-esteemed Swiss bank – scolding it for assisting Americans in skipping out on paying taxes. U.S. Attorney General, Eric Holder, proudly announced that CS agreed to plead...

The Billionaires’ Favorite Playground

http://wallstreetdaily-1.wistia.com/medias/zvmt8dzngp?embedType=seo&videoFoam=true&videoWidth=580 For the first time ever, the number of billionaires in the UK has exceeded the 100-person mark. Welcome Cameron Mackintosh, a West End producer, who has taken advantage of London’s theater land, which has been nothing short of a goldmine. He’s the first entertainer to make the cut on The Sunday Times’ Rich List....

Apple Cracks the Sky With $600 Shares

The services sector has expanded at its fastest pace in eight months, bumping stocks a little higher. The escalating violence in Ukraine is keeping gains in check, however. A late Friday warning from JP Morgan Chase (JPM) put financial stocks under pressure. But, for the first time since October 2012,  Apple (AAPL) closed above $600...

U.S. GDP Crawls in Q1 2014

Analysts predicted that the United States would jump leaps and bounds in the first quarter of 2014. But, the sobering reality is that U.S. gross domestic product (GDP) grew by a mere one-tenth of a percentage. This is more than disappointing, because Q1 2014’s performance is a small fraction of Q4 2013’s. So, though GDP...

Jet Fuel Jump in Boeing’s Revenue

Things are looking up, up, up for Boeing’s (BA) defense business, thanks to a sharp rise in commercial jet sales. And apparently, everyone wants a piece of the action: Demand for new fuel-efficient planes soared astronomically in the latest quarter. Boeing must have said a few Hail Marys, because this is exactly what it needed...

Will Price Cuts at Tesco Restore Profits?

After the second year of a profit decline, multinational grocer and general retailer Tesco (TESO) attempts to redeem itself, but is its CEO’s master plan enough to win back its customers’ hearts? The retail giant (the world’s third largest) has a 6% profit drop in 2014, so far. With trading slowing down over the past...

One Country, Two Stock Markets No Longer?

Investors cheer with the thought of having mutual access to the China exchanges (Hong Kong and Shanghai). But instead of a big bang, Breakingviews’ Peter Thal Larsen argues that such a change may cause a slowdown in funds. Reuters’ Tara Joseph gleans nuggets from him. Slow and Stead Wins the Race Tara Joseph says, “Fresh reports, Peter, that China and Hong...

Investors Shouldn’t Bet on Indonesia Election

Joko, Joko… He’s our man. If he can’t do it, no one can! Eager voters and investors are looking to the 2014 Indonesia elections as the economy’s saving grace. With hopes for a better economy, optimism is at an all-time high. But before piling all of your cash into the market, wait one minute. Breakingviews’ Andy Mukherjee...

Japan’s Bull Run Pauses for Breath

Right in line after Russia for the “Biggest Loser Award” is Japan – as its economy tanks this year. But Breakingviews’ Peter Thal Larsen proves to Reuters’ Tara Joseph that this bump in the road may be a precursor for gains in the future. Fallen Stars… Tara Joseph: “How the mighty have fallen, Peter. The Nikkei last...

Why the Yen May Stay the Nervous Investor’s Choice

The yen is usually the go-to currency when crisis strikes – standing rock solid. But recent activities might point to signs of a possible shift… Although Japan may stand 8,000 kilometers from Ukraine, so far the pressure in Eastern Europe proves that investors are holding onto their faith in the yen. When Russia seized control...