William Knipp

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Foreigners have $25.2 trillion invested in the US, a record high

US Bureau of Economic Analysis<p>US companies and citizens had $20.7 trillion invested outside their home country at the end of 2012, according to government data released today. That’s a ton of money! But it’s not as much as the rest of the world has invested in the United States: $25.2 trillion, …

Stock Markets

After The Drought Of 2012, The 'Spring Freezing' Of 2013 Is Ruining Crops Again

The drought of 2012 devastated farms across America. By one count, it was the second most expensive "weather event" ever .<p>Now we have the "spring freezing," which has seen much of the U.S. flirting with record-low temperatures.<p>While Midwestern states will probably emerge unscathed, early crop …

TurboTax maker lobbies to stop the government from making your returns easier

In several European countries, filing tax returns is a near-automatic process: instead of painstakingly calculating figures yourself, the government estimates what you owe based on wage and bank account data that it already collects, and you make any necessary adjustments. Why isn't there a similar …

We Did The Math, And It Turns Out The T-Mobile iPhone 5 Could Save You A Bunch Of Money

But T-Mobile's pricing plans for the iPhone are a bit different from the other three carriers. Instead of paying a flat $200 for the iPhone along with a two-year service contract, T-Mobile will charge you $100 up front for the phone plus an additional $20 per month over 24 months.<p>So is it worth …

iPhone 5

20 Companies Hold 40% Of The Cash In The Russell 3000

Citi credit strategist Jason Shoup offers an interesting stat about corporate cash balances in a recent note to clients.<p>"Using the Russell 3000 as a universe, we see that the top 20 corporates with the most cash on their balance sheets at the end of 2012 hold over $650 billion - almost 40% of all …

You Have To Feel Sorry For The Gold And Silver Bulls Today

So Europe is being Europe today. That means that there's political chaos and talk about bank depositor haircuts and all that.<p>You'd think it'd be a great day for gold and silver.<p>But gold isn't going anywhere.<p>And here's silver, which got smoked this morning.<p>The love for these assets has really faded.

The Two Big Developments That Are Boosting Pharma Stocks

A dose of skepticism from U.S. Supreme Court Justices about a case that could cost the drug industry billions of dollars and the coming end to the so-called “patent cliff” are boosting the share prices of big pharmaceutical companies this week to their highest levels in more than a decade.<p>During …

Meet The 3 CEOs Of Samsung, The Most Important Tech Bosses You've Never Heard Of

The company also promoted two of its presidents to CEO.<p>J.K. Shin, the company's mobile boss, and Boo-Keun Yoon, the appliances boss joined current overall CEO Oh-Hyun Kwon.<p>That's right. Samsung now has three CEOs.<p>However, the move appears to be more of a title bump for Shin and Yoon than a move to …

CEOs

Twitter's Revenue Forecast Jumps Again, This Time to Almost $1 Billion

Twitter’s advertising business is growing so fast, it’s hard to get a handle on.<p>For the second time in six months, eMarketer has revised its revenue estimates for the social messenging service sharply upward, citing rising demand for the kind of native and mobile ad inventory it offers and a …

New mortgage program offers lower payments

The federal government on Wednesday announced a new loan modification program designed to help many more struggling homeowners than previous initiatives by requiring no documentation of income or financial hardship.<p>Under the Streamlined Modification Initiative, borrowers with loans backed by …

Peak Oil Is Dead

They're not alone.<p>Last month, the BNY Mellon's asset management subsidiary, the Boston Company, published a paper called "End of an Era: The Death of Peak Oil." AOL Energy's Peter Gardett pointed us to it.<p>In brief, peak oil theory argues that oil production will peak, then fall sending prices …

Oil

Central Banks Bought More Than $3B In Gold In 2013: UBS

Gold has been on a definite downtrend since last October, with bullion falling a dramatic 5.1% in February alone. As prices have dropped and investors lost faith, central banks have been on the opposite side of the trade, gobbling up bullion at a rate of 27-metric tons a month, according to UBS’ …