Robert Garcia

16 Flips | 2 Magazines | @RobertGarci2013 | Keep up with Robert Garcia on Flipboard, a place to see the stories, photos, and updates that matter to you. Flipboard creates a personalized magazine full of everything, from world news to life’s great moments. Download Flipboard for free and search for “Robert Garcia”

Wall Street Profits Hit Record Levels, So Why Are Banks Still Killing Jobs?

Try and make sense of this: The banking industry earned a record $40 billion in the first three months of 2012, meanwhile banks are cutting th0usands of jobs.<p>JPMorgan Chase, Wells Fargo and Bank of America each announced job cuts this week. BofA said it was slashing 209 jobs, Wells is cutting 126 …

Starbucks CEO Called Hedge Fund Manager Bill Ackman's Actions 'Despicable'

His fellow board members called his suggestion to fire CEO Myron Ullman "disruptive and counterproductive." In comments to The Wall Street Journal, Starbucks CEO Howard Schulz joined the critics, calling Ackman's actions "despicable," and claiming that he has "severely damaged the company."<p>Here's …

Stock Investing At Lower Risk: A Guide For Beginners

Stock investing can be arcane. Like any specialized pursuit, there is jargon to master, gatekeepers to pass and multiple barriers designed to keep “ordinary people” from infiltrating the business.<p>Some of this is for good reason. Uninformed investors are a huge danger, mostly to themselves. There …

The Week Ahead: Don't Let Your Portfolio Go On Vacation

The bullish stock market in 2013 has fueled a surge in IPOs over the past six weeks as $5.2 billion has been raised by 26 new companies. The fact that <b>Facebook, Inc.</b> (FB) has finally moved above its initial offering price has also reassured investors.<p>The major averages are flat to up slightly for …

Dow Posts First Weekly Decline Since June

NEW YORK ( TheStreet) -- The <b>Dow Jones Industrial Average</b> booked its first weekly decline in seven weeks as traders retreated from major U.S. stock …

Brazilian stocks surge on China outlook | Financial Times

Here’s another reminder of just how dependent Brazil’s economy is on China’s.<p>Brazil’s Bovespa index surged 3.1 per cent to 48,928.82 on Thursday …

Russia’s central bank: why wait? | Financial Times

Print this page<p>Russia’s central bank kept rates on hold on Friday – the 11th month in a row. Is that such a big deal?<p>Yes, argues Renaissance …

Shrinking US deficit update, and a new debt ceiling projection

2013-08-09T17:06:33.000Z<p>By: Cardiff Garcia<p>From a note this morning by economists at Barclays:<p>The US federal budget deficit has been improving at a …

Will Fannie Mae And Freddie Mac Be Going Away?

President Barack Obama has laid out principles for a reform of home mortgage markets in the U.S.<p>And his administration has signaled that they are mostly in agreement with a proposal advanced by Sens. Bob Corker (R-Tenn.) and Mark Warner (D-Va.) to wind down and replace Fannie Mae and Freddie Mac, …

Don’t buy Blue Moon!

<b>(AP/Ed Andrieski)</b><p>It’s not a real craft beer — and owner MillerCoors has a sketchy record on women’s rights and the environment<p>Deena Shanker<p>August 9, 2013 4:01pm (UTC)<p>MillerCoors, the company behind Coors, Miller High Life and Miller 64, wants a little respect for its other, …

How A Democrat Dodges A Question About Wall Street Donations In One Easy Step

Wall Street

NSA surveillance: the long fight to close backdoor into US communications

For more than a year, two US senators on the intelligence committee have fought a lonely, unsuccessful battle to prevent the National Security Agency from combing through its vast email and phone records databases for Americans – a battle waged almost entirely in the shadows.<p>In letters, hearings …

Apple, Google and AT&T meet Obama to discuss NSA surveillance concerns

Barack Obama hosted a summit on government surveillance and digital privacy attended by Apple chief executive Tim Cook, Google vice-president Vint Cerf and the boss of US telecoms network AT&T on Thursday.<p>The US president attended in person, sources told the Politico blog, as did other technology …

Republicans have no clue how businesses work

<b>Sen. Rand Paul, R-Ky, and Sen. Ted Cruz, R-Texas. (AP/Jonathan Ernst/David J. Phillip)</b><p>Entrepreneurs need demand for their product and a suitable safety net if they fail. Which party stands for those?<p>Sean McElwee<p>August 9, 2013 3:52pm (UTC)<p>The Republican Party has alienated many groups with its …