The author is a Reuters Breakingviews columnist. The opinions expressed are his own.
from Morning Bid with David Gaffen:
The big Megillah of the market is out after the close, so naturally there will be a ton of scrutiny – and a ton of trading – surrounding Apple after the consumer electronics giant reports results and gives people an idea of how its signature iPhone and newcomer iWatch products are doing.
The author is a Reuters Breakingviews columnist. The opinions here are his own.
China left the cloistered safety of its dollar peg exactly ten years ago, on July 21, 2005. It was a major step on the journey toward global economic preeminence, and a clear endorsement of market forces. That was then.
from James Saft:
July 21 (Reuters) - If a rising price of gold is a negative
indicator of trust in the global financial system, then the
world's central bankers and policy makers are right now enjoying
a glittering authority.
from Alison Frankel:
Securities defense lawyers were surprised, and not in a good way, by a ruling last December in which the U.S. Securities and Exchange Commission, in a 3-to-2 decision, found two former State Street executives liable for deceiving investors, even though the two had been cleared by an SEC in-house judge. That fact alone was disquieting for defendants, but even more so was that the commissioners used the State Street case as a vehicle to reinterpret antifraud provisions of the securities laws - and then to hold one of the executives, John Flannery, liable under the reinterpretation.