Netflix CEO Reed Hastings
Tuesday's 5 Biggest Stories
creative destruction toll rises to 800,000 subscribers. Shares now trade for $75, down from $300 just three months ago.
New York Fed President Bill Dudley is open to the idea of the
Federal Reserve buying more mortgage-backed securities
and says inflation will fall. Completely unrelated: Oil is now above $94 a barrel.
Bank of America/Merrill Lynch economists warn of
another downgrade to the U.S. credit rating
after Thanksgiving. It gives new meaning to Black Friday.
I've said this before, but it bears repeating: Fixing an
overleveraging problem with more leverage
doesn't sound sane.
Very, very quietly,
had an absolute monster of a quarter.
Quote of the Day
"I don't have any idea. It doesn't matter. He's the President of the United States. He's elected. It's a distractive issue," Texas Gov. and presidential hopeful
answered in response to a question about whether he believes
President Obama was born in the United States
Other Company News
I'm going to take a wild guess here and say when
does finally unveil an
Apple HD television
, they'll call it "magical" and "revolutionary."
screaming rally really means.
is increasing its asset sales to $45 billion as its profits more than double.
Attention everyone: Stop worrying about the global economy,
the Pope's got this one
Here's why the
naked CDS ban in Europe
will have little impact for fans of the credit default swap.
reasons to dislike banks
? Now they have too much cash and they can't do anything with it.
What should investors be more concerned with:
dividends per share or earnings per share
Going long on nearly every Tuesday
this year has been a winning trading strategy.
Odds and Ends
My favorite news bit in a story today: "Mr. Berlusconi, who, according to diplomats,
pretended to doze off
during the weekend's summit..."
Everyone is freaking out that some guy was
smoking a cigarette in a new ad for Herman Cain's presidential bid
. Watch for yourself below.
-- Written by Robert Holmes in Boston
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