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2 HOURS AGO - Zero Hedge

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The US Department Of Commerce Officially Jumps The Shark, Will "Double Seasonally Adjust" GDP Data

It's official: after seeing it work so well for years in China, the US Department of Commerce's Bureau of Economic Statistics has officially replaced all of its excel models with just one function. The following: As Steve Liemsan hinted a few days ago, in what we thought was a very belated April fools joke, th eBEA has finally thrown in ...

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2 HOURS AGO - Zero Hedge

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How China's (Formerly) Richest Man Destroyed His Own Fortune When He Tried To Sell A Stock

On Wednesday, we reported on what was certainly the biggest market news of the week when in under one second, Chinese solar company Hanergy Thin Film crashed by nearly 50% due to what are still unknown reasons. As a reminder, before its crash and indefinite trading suspension, Hanergy’s market value was higher than all other listed Chinese solar companies combined ...

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3 HOURS AGO - BBC

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3 HOURS AGO - TheStreet

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Kass Steers Away From Car-Rental Forays, Dives in Yahoo! and Parses the Housing and Manufacturing Stats

NEW YORK (RealMoneyPro) -- Doug Kass of Seabreeze Partners is known for his accurate stock market calls and keen insights into the economy, which he shares RealMoney Pro readers in his daily trading diary. This past week, Kass sees car-rental stocks as "value traps," ventures into Yahoo! shares (again) and makes sense of housing starts and sales and manufacturing activity. Must ...

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3 HOURS AGO - TheStreet

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Workday's Earnings and Economic Data Will Be Next Week's Focus

NEW YORK (TheStreet) -- It's a trading shortened week in the U.S. thanks to Monday's Memorial Day holiday but it will be filled with key earnings reports and economic data. The notable companies releasing their latest quarterly financial results include AutoZone , Workday , Michael Kors , Tiffany , Toll Brothers , DSW , Costco  , Palo Alto Networks , ...

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