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A Morgan Stanley Analyst Nailed The Fed In One Sentence Last Week (DIA, SPY, QQQ, TLT)

Markets were surprised on Wednesday when the Federal Reserve unexpectedly announced no tapering of its stimulative large-scale asset purchase program, which consists of the monthly purchases of $85 billion worth of Treasury and mortgage-backed securities. But surprise is part of the deal when it comes to the Fed. "If FOMC meetings always went as expected, they would not be very important events to … [Read more...]

British Pound Drops After An Ugly Economic Report

U.K. retail sales unexpectedly fell 0.9% in August. This was much worse than the 0.4% gain expected by economists. The British pound instantly reacted by falling. Still, the FTSE 100 and equity markets around the world are still up strongly. Here's a look at the pound via Bloomberg: Join the conversation about this story … [Read more...]

Australia’s New Conservative Prime Minister Abolishes Climate Change Watchdog

Australia's new conservative government on Thursday abolished an independent climate change commission set up by the previous Labor administration, as part of its plans to streamline bureaucracy. The Climate Commission was set up to provide apolitical and reliable information to the public about the science of climate change, emissions targets and international action being taken. But Prime … [Read more...]

Global Markets Are Going Gangbusters (DIA, SPY, QQQ)

We are witnessing a historic global stock market rally in the wake of the Federal Reserve's surprising decision to keep its foot on the monetary stimulus gas pedal. On Wednesday, the Dow surged 0.9% to 15,676, and the S&P 500 increased 1.2% to 1,725. Both closed at all-time highs. That was followed by a major rally in Asia. Japan's Nikkei jumped 1.8%. Hong Kong's Hang Seng jumped 1.8%. … [Read more...]

John McCain’s Response To Vladimir Putin’s Op-Ed Is Finally Here, And It Is Blistering

In a much-anticipated response to Russian President Vladimir Putin's op-ed in The New York Times last week, Sen. John McCain (R-Ariz.) delivered a blistering op-ed in the Russian publication … [Read more...]

FLECKENSTEIN: ‘All Hell Is Going To Break Loose’

The Fed surprised markets by announcing that it would continue its monthly $85 billion asset purchase program. This sent stocks and gold surging, while interest rates collapsed and the dollar weakened. Bill Fleckenstein, President of Fleckenstein Capital, told King World News that even back in 2009, the Fed was talking about 'exit strategies.' Yet in 2013, the Fed can't even reduce the stimulus. … [Read more...]

NSA Admits That Snowden’s Data Theft Was Incredibly Easy

It's now widely known that Booz Allen contractor Edward Snowden pilfered documents from the NSA and gave them to journalists (and probably governments) in an effort, he claims, to expose U.S. government spying apparatus. Less known until today was exactly how he did it. Tim Gjelten of NPR reports that he simply downloaded them off the company's internal Top Secret (TS) net: According to the … [Read more...]

See Inside The $350 Million Mobile Ad Company Twitter Bought Right Before Its IPO

While Twitter's IPO is going to be a huge step forward for the company, its acquisition of mobile ad platform MoPub last week could be what makes the difference between a flat entrance to the market and a successful opening. MoPub is going to help Twitter with its real-time bidding adtech offering, and it could lead eventually to an internal Twitter ad exchange or an external Twitter ad network. … [Read more...]

The 13 Photos That Made Twitter Massive

If a picture is worth a thousand words, then that's a whole lot of 140-character tweets. Since Twitter launched in 2006, it has grown to 200 million monthly active users and has become a hotbed for sharing photos. People have used the site to make news, break news, and spark social and political action across the globe. While the service is best known for its text-based interface, it's the photos … [Read more...]

Here’s Your Ultra-Simple Explanation Of What The Heck ‘Tapering’ Is

We've been writing all day about how the Fed decided not to do something that market people call "The Taper." But my colleague Steve Kovach asks on Twitter what the heck that is, which is a good wakeup call that not everyone knows what we're talking about when we refer to that. So here's your ultra-simple explanation of what's going on.... In the middle of the 2008-2009 financial crisis, the Fed … [Read more...]

Playing To Win: Mobile Gamification Done Right

Gamification, or the use of game elements to promote desired behaviors among customers and employees, has been a popular business strategy for decades. … [Read more...]

How To Get An iPhone 5S On Friday Without Waiting In Line (AAPL)

Apple's new iPhones — the iPhone 5S and iPhone 5C — will launch on September 20. Apple only allowed pre-orders for the iPhone 5C. So that means if you want the iPhone 5S in your hands on Friday, your best bet is to wait in line … [Read more...]

3 Things Need To Happen Before The Fed Will Even Think About Tapering Again

First off, congrats to JPM's Michael Feroli for the best "Taper" related pun out there. The title of his note to clients is "Headlines Committee Sets Taperless Bar." In his note, he asks the question: When will the paring back of Fed mortgage purchases begin? He nicely boils down what the Fed is looking for: ...in his prepared remarks Bernanke pointed to three factors staying the Committee's hand … [Read more...]

Police Searching For Suspect After Shots Fired At University Of Wisconsin-Madison

Police are searching for at least one suspect after a … [Read more...]

The Entire State Of The US Economy, The Fed, And The Stock Market In One Disturbing Paragraph

Mike O'Rourke at JonesTrading sums up what a lot of traders are feeling right now about the Fed (still easing), the stock market (making new highs) and the economy (seemingly weakening a bit) in one paragraph that will make you uneasy. Right now, the FOMC has “a tiger by its tail” - it has lost control of monetary policy. … [Read more...]

Dating Site PlentyofFish Buys FastLife To Get Folks To Try ‘Speed Dating’

Online dating apps are a great way to discover a new squeeze but eventually the two people have to meet. This gave Markus Frind, CEO of PlentyofFish, and idea. How can dating sites do a better job of in-person meetups? PlentyofFish already conducts a lot of events. So he bought a company called FastLife, which puts together "speed dating" events in cities worldwide. Speed dating is where singles … [Read more...]

New Internet Explorer Is 30% Faster Than Other Browsers, Microsoft Says (MSFT)

Despite the gains made by Mozilla Firefox and Google Chrome, Internet Explorer is still the most popular web browser and Microsoft hopes to keep it that way. To that end, Microsoft on Wednesday released a "preview version" of the next incarnation of the browser for Windows 7, IE 11. Microsoft says IE 11 runs 30% faster than other browsers, according to benchmark tests. This browser has many of the … [Read more...]

Microsoft Is Working On More Original TV Shows For The Xbox One (MSFT)

Microsoft has a production team in Los Angeles cooking up a bunch of original TV shows for its new video game console, Xbox One. "They have literally hundreds of ideas that they are incubating right now," said Phil Spencer, corporate vice president at Microsoft Studios, in an interview with Bloomberg's Takashi Amano & Grace Huang. He wouldn't reveal details. We have yet to see if … [Read more...]