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The Unbearable Lightness Of Earnings

Authored by Baruch Lev via Knowledge Leaders Capital blog, Baruch Lev is the Philip Bardes Professor of Accounting and Finance at the Stern School of Business, NYU. This article first appeared at the Lev End Of Accounting Blog and is shared here with his permission. Today’s Wall Street Journal published an article that caught my attention: “Next Up: The Forgotten […]

Tesla’s 2018 Goes From Bad To Worse As Safety Regulators Launch Probe

Tesla’s “planned” factory shutdowns could end lasting far longer than planned. That is, if California workplace safety regulators have anything to say about it.  What has been a volatile and taxing month for Tesla just got worse, because in the latest headache for Elon Musk, Bloomberg reports that California regulators are now looking into workplace […]

Putin Reportedly “Ready For Deep Concessions”, Seeks Deal With Trump

We noted earlier that a Foreign Ministry official told Bloomberg that a US official had notified the Russian embassy that no sanctions would be forthcoming, contradicting Haley’s comments from Sunday but affirming a Washington Post report the following day. And it appears Russia is responding positively to that reported comment, as Bloomberg reports that Russian […]

Criminal Referral Issued For Comey, Clinton, Lynch And McCabe; Rosenstein Recusal Demanded

Eleven GOP members of Congress led by Rep. Ron DeSantis (R-FL) have written a letter to Attorney General Jeff Sessions, Attorney John Huber, and FBI Director Christopher Wray – asking them to investigate former FBI Director James Comey, Hillary Clinton and others – including FBI lovebirds Peter Strzok and Lisa Page, for a laundry list of potential crimes surrounding […]

“Chart Trouble” Looms For Financials

Since the big US banks began dropping their blockbuster earnings last Friday morning, things have not gone according to plan for the shareholders… And the smaller banks have been drastically underperforming as the yield curve collapses…   And while asset-gatherers and commission-takers see the big banks are ‘no brainers’, perhaps this is a good as […]

Puerto Rico Hit With Island-Wide Blackout

Puerto Rico has been hit with an island-wide blackout, as residents struggle to cope with an increasingly unstable power grid almost seven months after Hurricane Maria devastated the Caribbean.  BREAKING: Island-wide blackout hits Puerto Rico, which suffering unstable power grid following hurricane. — The Associated Press (@AP) April 18, 2018 The cause is unknown, though […]