GMO’s Ben Inker had a new piece out this week, and sticking with the firm’s theme from the past few years, he’s doing his best to lower investor expectations: In today’s world, where prices of all sorts of assets are trading far above historical norms, it is worth recognizing that investors prepared to buy assets without regard to the price of those assets may also find themselves in a position to sell those assets without regard to price as well.
Wisconsin governor Scott Walker is in some serious debt. National Journal’s Shane Goldmacher is reporting that new federal financial documents show that Walker has credit card debts totaling more than $20,000 from two separate cards.
San Francisco (AFP) - Twitter shares fell to an all-time low on Monday, weighed down by doubts that the popular messaging platform isn't growing fast enough to thrive.
It's June, and we're in the middle of wedding season. If you're in your 20s or 30s, you or someone you know might be getting married this summer.
“It’s an election about who will protect our economy in a period of ongoing global instability,” Stephen Harper, Prime Minister of Canada, announced on Sunday as he officially kicked off the campaign for the federal elections on October 19.
United Nations (United States) (AFP) - The United Nations is hoping to raise between $3.5 and $5 trillion annually for the next 15 years to fund a bold new anti-poverty agenda billed Monday as a "to-do list" for the world.
On Monday, President Obama formally unveiled the Clean Power Plan — a massive 15-year project designed to make the US less dependent on non-renewable forms of energy, like coal and oil.
It’s no secret that currently the top 1% of the world’s population holds 50% of the global wealth, and the bottom 50% holds a mere 1% of the wealth.
Not too long ago, when most people heard the word “drones,” they thought of unmanned military aircraft engaged in highly controversial clandestine operations.
Suntory Holdings, a Japanese brewery and distillery, announced that it's going to send six samples of its whiskey (or whisky, if you prefer) to space.
The planets in our solar system orbit the sun at very different speeds, and it can be a difficult concept to wrap the mind around.
Whether for a client or a friend, a bottle of Champagne makes a fabulous gift. But the art is in the choosing. According to Jeffrey Meisel, president and founder of the curated wine and spirits e-tailer Merchants of Beverage, one label does not fit all.
The dispute between America's three largest domestic airlines — American, Delta, and United — and the Middle Eastern trio of Emirates, Etihad, and Qatar Airways just got more complicated.
If you want to wear an Apple Watch but can't part with your expensive, analog timepiece, look no further than this new Swiss watch from luxury brand Nico Gerard.
Remember Magic Leap, the Florida-based augmented reality company that Google led a $500 million round of fundraising for?
Comedian Amy Schumer issued an impassioned call for gun control legislation alongside her cousin, Sen.
The possibility of increased food shortages looms in a nearer future than we'd care to believe. Citing the UN's Intergovernmental Panel on Climate Change (IPCC), the latest Grantham Mayo van Otterloo (GMO) quarterly report noted, "humanity is risking ‘a breakdown of food systems linked to warming, drought, flooding, and precipitation variability and extremes.’” Those changes to the climate threaten the way food gets produced around the world, which can drive up the price of foods and lead to a host of other problems.
Eminem was in a bad place. It was 2007 and the legendary rapper was 230 pounds. He was addicted to painkillers that caused him so much stomach trouble, he had to eat tons of food — often unhealthy — to soothe it.
In the wake of filing for bankruptcy, rapper Curtis Jackson, aka "50 Cent," has pulled back the curtain on his seemingly lavish lifestyle.
The hits keep on coming at PIMCO. PIMCO disclosed on Monday that it has received a "Wells Notice" from the SEC related to its Total Return exchange-traded fund, an actively-traded ETF which seeks to track its flagship Total Return Bond Fund. A "Wells Notice," as PIMCO notes in its statement, is neither an allegation of wrongdoing nor a finding that any law was violated. It is a notice, however, which indicates that the SEC's staff will likely recommend the agency bring some action against a firm. Back in September 2014, reports indicated that the SEC was looking into the Total Return ETF just a few days before the sudden departure of PIMCO founder Bill Gross.