Emory Maginnis

89 Flips | 2 Magazines | 73 Followers | @emmaginn | Keep up with Emory Maginnis 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 “Emory Maginnis”

T-Mobile's Gatecrashing CEO May Be A Marketing Genius

Eccentric CEOs are a rare breed even in the cutting-edge world of technology, but T-Mobile boss John Legere is one of them, and that may prove an advantage for a company eager to lure customers from AT&T and Verizon.<p>Legere gained instant notoriety at the Consumer Electronics Show in Las Vegas last …

Dow, S&P 500 end higher, 10-year yield at 2.5%

NEW YORK — Benchmark stock indexes ended Friday mixed even though the yield on the 10-year Treasury note jumped to 2.51%.<p>The Dow Jones industrial average closed up 41.08 points, 0.3%, to 14,799.40. The broader Standard & Poor's 500 index finished up 4.24 points, 0.3%, to 1,592.43. The tech-heavy …

Mark Cuban Is Massively Short The Yen — Here's Why He's Making His First Ever Monster Bet Against A Foreign Currency

The idea is that the new government is eager to stimulate (both through fiscal and monetary policy) and that the yen will weaken.<p>It's been a good bet since last autumn.<p>Last week on CNBC Mark Cuban said that he's taking on the bet in a big way.<p>He said:<p>...in early December, I went and took every …

Bank of Japan

Scotland's currency row: a critical moment for the 'yes' campaign

Are we witnessing the maturing of Scotland's independence movement or its first major crisis? The striking divergence over a future Scottish currency …

Currency

Frequent travelers know that having access to up-to-date exchange rates can mean the difference between getting a fair deal and getting hosed out of …

Currency Wars, What Are They Good For? Absolutely Ending Depressions

<i>Whether it's the 1930s or the 2010s, depressions are the only casualties in a currency war</i><p>(Reuters)<p>I don't know how it compares to peeing in your bed, as one anonymous senior Fed official put it, but a currency war is one of the surest ways to end a global slump. Despite what you may have heard, it …

STOCKS TUMBLE AS YEN SURGES: Here's What You Need To Know

Dow Jones

The Yen Is SURGING

Since then, the S&P 500 has fallen to levels around 1628 from 1641, and is now down 0.5% on the day.<p>Meanwhile, the dollar-yen exchange rate just took a vicious break through ¥95 to the downside as the yen strengthens, unwinding the world's hottest currency trade. Right now, it's trading just off …

Trading

Great Graphic: Nikkei and the Yen

We have shown versions of this chart before, but given the recent price action it is worthwhile to revisit. This <b>Great Graphic</b>, constructed on Bloomberg, shows the dollar against the yen in white and the Nikkei in yellow. It shows them moving in lockstep.<br>Most recently the dollar-yen has been lagging …

In One Chart, Here's Why Investors Around The World Are All Talking About The Yen

The dollar-yen exchange rate has in recent months become the most closely watched currency pair in the world.<p>Today, the yen is surging against the dollar.<p>As the chart below shows, the S&P 500 has tracked movements in the dollar-yen exchange rate pretty closely since late 2012, when it became …

U.S. Congress reopens debate over replacing dollar bills with coins

A bipartisan group of senators is reviving an old idea: ditching the U.S. dollar bill.<p>The idea was re-introduced in Congress on Thursday, with a coalition arguing it’s time the U.S. caught up with the rest of the world.<p>If you’ve spent any time traveling abroad recently, you’ve likely noticed the …

Apple 'Spends Millions Of Dollars On Ads That Don’t Even Run'

The tagline for the campaign is "Designed by Apple in California," and it is intended to reassure consumers that if they want beautiful products that work, Apple is it.<p>But Bloomberg's Peter Burrows just published a brutal analysis of the company's advertising under Philip W. Schiller, senior vice …

Los Angeles

Traders Are Massively Betting Against The Australian Dollar

The Australian Dollar is one of the most hated currencies in the world right now.<p>The reasons are pretty simple:<p>But sentiment has gotten pretty extreme.<p>SocGen posted this chart showing the latest speculator positioning, showing that net short positions in the Aussie have hit levels that they haven't …

Everyone Wants To Know Why The Dollar Is So Weak

Interest rates have been surging in the United States as concerns grow in the marketplace that the Federal Reserve will slow its bond purchases sooner than expected as economic data improves.<p>Yet the U.S. dollar index hit its lowest level since mid-February this morning, which seems counterintuitive …

Move Over Japanese Yen, Make Way For China's Yuan

“The RMB is increasingly part of normal day-to-day business for anyone trading or investing in China,” said Douglas Flint, chairman of HSBC Holdings at the Annual General Meeting in London yesterday. “Every international business with an eye on China should be considering potential benefits for …

US prosecutors: Liberty Reserve ran $6bn money-laundering scheme

Federal prosecutors in New York have accused a Costa Rica-based company and its founder of running a $6bn money-laundering scheme that became a "bank …

Thailand cuts interest rates, drawn into Asia’s deepening currency war

Thailand’s central bank voted unanimously to cut its 2.75% base rate by a quarter of a percentage point on Wednesday in an attempt to stem a sharp rise in the baht. While its economic situation is unique, Thailand is joining other Asian countries in setting a currency-devaluing precedent that may …

Asia

Feds don't plan to take down Bitcoin or other currencies

Even though the feds went after Liberty Reserve for alleged money laundering, they apparently don't have plans to crack down on all digital currencies -- as long as all rules are followed.<p>In an interview on Thursday with American Banker, Jennifer Shasky Calvery, the director of FinCEN, which is the …

Traders Have Been Rigging Currency Markets For A Decade

Bloomberg reports that traders at some of the world's largest banks have been manipulating foreign-exchange rates by pushing through trades before the 60-second windows when the FX benchmarks are set.<p>When traders receive a large, market-moving order from a client, they have their own positions to …

Cisco Systems Now #23 Largest Company, Surpassing Berkshire Hathaway

In the latest look at the underlying components of the S&P 500 ordered by largest market capitalization, Cisco Systems, Inc. (NASD: CSCO) has taken over the #23 spot from Berkshire Hathaway Inc. (NYSE: BRK.B), according to The Online Investor.<p>Market capitalization is an important data point for …

Theravance Larger Than S&P 500 Component E*trade Financial Corporation

In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Theravance Inc (NASD: THRX) was identified as having a larger market cap than the smaller end of the S&P 500, for example E*trade Financial Corporation (NASD: ETFC), according to The Online Investor.<p>Market …

Clearwire Larger Than S&P 500 Component Cablevision Systems

In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Clearwire Corp (NASD: CLWR) was identified as having a larger market cap than the smaller end of the S&P 500, for example Cablevision Systems Corp. (NYSE: CVC), according to The Online Investor.<p>Market …

Guidewire Software Moves Up In Market Cap Rank, Passing Apollo Group

In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Guidewire Software Inc (NYSE: GWRE) was identified as having a larger market cap than the smaller end of the S&P 500, for example Apollo Group, Inc. (NASD: APOL), according to The Online Investor.<p>Market …

Lumber Liquidators Holdings Larger Than S&P 500 Component Apollo Group

In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Lumber Liquidators Holdings Inc (NYSE: LL) was identified as having a larger market cap than the smaller end of the S&P 500, for example Apollo Group, Inc. (NASD: APOL), according to The Online …

NVIDIA Takes Over #375 Spot From CareFusion

In the latest look at the underlying components of the S&P 500 ordered by largest market capitalization, NVIDIA Corp (NASD: NVDA) has taken over the #375 spot from CareFusion Corp (NYSE: CFN), according to The Online Investor.<p>Market capitalization is an important data point for investors to keep an …

Harris Teeter Supermarkets Moves Up In Market Cap Rank, Passing Apollo Group

In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Harris Teeter Supermarkets, Inc. (NYSE: HTSI) was identified as having a larger market cap than the smaller end of the S&P 500, for example Apollo Group, Inc. (NASD: APOL), according to The Online Investor.<p>…

CoStar Group Larger Than S&P 500 Component Teradyne

In the latest look at stocks ordered by largest market capitalization, Russell 3000 component CoStar Group, Inc. (NASD: CSGP) was identified as having a larger market cap than the smaller end of the S&P 500, for example Teradyne, Inc. (NYSE: TER), according to The Online Investor.<p>Market …

Middleby Larger Than S&P 500 Component Newfield Exploration

In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Middleby Corp. (NASD: MIDD) was identified as having a larger market cap than the smaller end of the S&P 500, for example Newfield Exploration Co. (NYSE: NFX), according to The Online Investor.<p>Market …

Syntel Larger Than S&P 500 Component Cliffs Natural Resources

In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Syntel Inc. (NASD: SYNT) was identified as having a larger market cap than the smaller end of the S&P 500, for example Cliffs Natural Resources, Inc. (NYSE: CLF), according to The Online Investor.<p>Market …