BENJAMIN WEY – INVESTIGATIVE JOURNALIST, FINANCIER
BENJAMIN WEY BLOG, INVESTIGATIVE JOURNALIST, AMERICAN FINANCIER
Idea is great. Time is money, but for successful inventors, that truism has special meaning. Most successful inventors will tell you that not spending enough time researching your million-dollar product idea before bringing it to market is the biggest mistake you can make. Read More : http://www.cnbc.com/2015/09/09/invention-is-worth-a-million-ask-yourself-this.html
Benjamin Wey, CEO of New York Global Group, recommends this article.
This has been the scariest week in stock market history, at least by one significant measure. Though the market’s certainly seen larger downturns, and in fact is on pace to end the week in positive territory, it’s never witnessed investors flee for the exits in the manner they did since the first correction in four years briefly but violently came raining down on Wall Street. Read More: http://www.cnbc.com/2015/08/28/investors-have-been-making-a-mad-dash-to-cash.html
Benjamin Wey, CEO of New York Global Group, recommends this article.
U.S. stocks closed more than 2 percent higher in a second straight day of recovery from a recent plunge, with sentiment helped by a rebound in oil and continued signs of strength in the U.S. economy. The major averages ended near session highs after briefly more than halving gains in choppy trade leading into the close. Read More: http://www.cnbc.com/2015/08/27/us-stocks-open-sharply-higher-after-gdp-beat.html
Benjamin Wey, CEO of New York Global Group, recommends this article.
Admit it: This market has you rattled. It’s hard to watch swings of several hundred points in a matter of minutes, and hard-to-miss images of dismayed traders aren’t helping either. But if you are thinking about bailing on the market, stop and consider the real consequences. Read More: http://www.cnbc.com/2015/08/25/what-market-timing-can-really-cost-you.html
Benjamin Wey, CEO of New York Global Group, suggests this article.
The U.S. Securities and Exchange Commission announced Monday that two Citigroup affiliates agreed to pay almost $180 million as part of a settlement on charges that they defrauded investors. The SEC alleged its investigation found that Citigroup Global Markets (CGMI) and Citigroup Alternative Investments (CAI) “made false and misleading representations to investors” regarding two hedge funds that later “crumbled and eventually collapsed during the financial crisis.” Read More: http://www.cnbc.com/2015/08/17/citigroup-affiliates-to-pay-180m-to-settle-hedge-fund-fraud-charges-sec.html
BENJAMIN WEY, CEO OF NEW YORK GLOBAL GROUP RECOMMENDS THIS STORY.
The biggest trouble sign for stocks may be bonds. High-yield bonds, specifically, often are seen as an effective proxy for movements in the equity market. If that’s the case, trends in junk are pointing to a rocky road ahead. Average yields for low-rated companies have jumped to 7.3 percent and spreads between such debt and comparable duration Treasurys have widened dramatically, according to David Rosenberg, chief economist and strategist at Gluskin Sheff. History suggests that fallout in stocks is not far behind. Read More: http://www.cnbc.com/2015/08/13/the-junk-bond-market-is-having-a-coronary-david-rosenberg.html
Benjamin Wey, CEO of New York Global Group, recommends this article.
There are two clear takeaways from the raucous GOP presidential debate. Marco Rubio won it and Donald Trump lost it. Who knows if poll numbers will immediately bear this out. But it’s what happened. Rubio was polished, optimistic, strong on issues, from immigration to education to the economy, and never once reached out in thirst for an off-screen water bottle. Trump was belligerent, borderline incomprehensible on issues and straight-up condescending and misogynistic when pressed by Fox’s Megyn Kelly on his past repulsive comments about women.
Read more: http://www.cnbc.com/2015/08/07/no-contest-why-rubio-is-clear-winner-of-debate.html
BENJAMIN WEY, CEO of New York Global Group, says Rubio represented well for himself and campaign.
U.S. investors appear to be moving their money overseas. “From a growth standpoint, you’re coming from a very low base in Europe,” said Neil Azous, founder of the advisory firm Rareview Macro. “And as the repair process continues, the ability for that growth to accelerate from a low base is very much in motion right now.” Meanwhile, investors are moving out of overweight U.S. positions as the Federal Reserve in contrast ends quantitative easing and looks to raise interest rates, Azous said. But according to some traders, the shift into European stocks could be unwise.
Read more; http://www.cnbc.com/2015/08/05/why-investors-are-abandoning-american-markets.html
BENJAMIN WEY, CEO of New York Global Group, recommends this article.
At the start of the year when Vice President Joe Biden said he wouldn’t decide whether to enter the presidential race until the summer, the timetable didn’t seem to make sense.
If he wanted to take on the colossus in the Democratic field, Hillary Clinton, wouldn’t he have to jump in early and start making his case to the party that he’s the better bet?
Now Mr. Biden’s timing is looking pretty smart. By waiting, he’s gotten a chance to take Mrs. Clinton’s measure and see whether her candidacy, now nearly four months old, would take flight.
BENJAMIN WEY, CEO, OF NEW YORK GLOBAL GROUP SAYS THIS WAS A SMART MOVE.
It’s no secret: free trade deals are difficult to get through the U.S. Congress. The TPP’s predecessor, the North American Free Trade Agreement, came into effect in 1994. Two decades later, it’s still a political flashpoint. Supporters say the deal has helped countless small and medium-sized businesses, while opponents say it resulted in thousands of American jobs being shipped overseas. Full story: http://money.cnn.com/2015/07/23/news/economy/tpp-free-trade-deal-obama/index.html?iid=SF_LN