GD vs. CACI: M&A activity heats up in The Swamp, as bidding war for CSRA erupts
In recent months General Dynamics (GD) has been navigating its way through the mandatory Federal government hoops in its deal to purchase CSRA.
Stories by Terry Ponick
Epic Facebook Fail invites bears back to Wall Street. Stocks crash, Fed worries loom
Most Facebook users aren’t aware of the extraordinarily detailed personal profiles the company keeps on them. They also aren’t aware of how valuable they are to advertisers.
Useless college degrees: It’s time for corrupt departments, profs to go
One of the reasons today’s college tuition and fees continue to spiral out of control is the proliferation of useless college degrees, departments and majors. These “academic disciplines” prepare gullible college students for absolutely nothing at all in the real world.
MLP bloodbath: Could it be time to get back into these high yielders?
Seemingly from out of the blue, the FERC completely disallowed a longtime corporate MLP tax break that the industry long felt was sacrosanct. In short, the FERC disallowed a special tax allowance that many MLPs have routinely used for years.
Toys R Us stores R no more. Retailer to close or sell over 800 U.S. locations
Toys R Us has been on the retail ropes for years. Now, according to numerous sources, the bankrupt retail toy chain plans to close or sell all of its 800+ stores in the U.S.
Overhyped Theranos CEO Elizabeth Holmes finally faces ‘massive fraud’ charges by SEC
Utterly ineffective under the Obama administration, the SEC has finally stepped up to the plate. The financial watchdog agency announced a lawsuit against Elizabeth Holmes, founder and CEO of dicey blood testing firm Theranos.
Kudlow stock rally promptly Trumped by Tillerson sacking
As we passed the noon hour on the East Coast, stocks defaulted back to negative mode. Why? After hailing the Kudlow rumor, headlines quickly hyped Trump’s firing of now-former Secretary of State Rex Tillerson.
The Trump Trade War: It’s on! Be afraid. Be VERY afraid!
But the President’s longer-term objective is not protectionism. It's not a Trump Trade War. It’s actually Trump's desire for truly free trade. But we don't currently have free trade due to trade restrictions imposed on U.S. goods by everybody else.
Trump tariffs, anti-gun virtue-signaling, #MeToo and ‘climate change’ memes in the news
Most headlines focused on the lead-up to the scary Trump tariffs against subsidized foreign steel and aluminum imports. But the usual, Soros-subsidized anti-gun demos, the ongoing #MeToo campaign and the never-ending climate change nonsense were also on tap.
Breaking: Gary Cohn resigns as National Economic Council head
The Daily Caller reports that National Economic Council Head Gary Cohn has resigned from his position. The resignation was at least partly in reaction to President Trump's announcement of impending tariffs on imported steel and aluminum.
Volatility Tuesday: Bulls love Kim Jong-Un, bears love Gary Cohn
Unfortunately, what we're seeing on Volatility Tuesday is the kind of market we've experienced ever since the bears pulled the plug - big time - on Trump Rally #3 back in February.
2018 Academy Awards broadcast: Here’s how to watch. But who wants to?
Just how many viewers will be tuning in to tonight's live ABC broadcast of the 2018 Academy Awards? Less than last year's broadcast, we'll bet.
Steel tariffs are on! Trump to impose them next week. Stocks tank
The U.S. has every right to fight unfair foreign trade practices. Indeed, for too long, we’ve rolled over and played dead in the face of such provocations. Steel tariffs are a step in the right direction.
Columbus: Should a professional late 20-something couple move to Ohio’s state capital?
The once relatively bucolic Columbus of the 1950s and 1960s has vastly eclipsed Ohio’s still better known cities of Cincinnati and Cleveland. Columbus is now the hottest American city that absolutely no one knows about.
February stock market rout snaps longest monthly win streak since 1959
Our ongoing February stock market rout concluded fittingly with yet another feast for the bears on Wednesday. U.S. stocks were pounded once again on this, the final day of February 2018.
Interest rate hikes? Full speed ahead says Powell. Stocks choke
Powell’s remarks on interest rate levels and inflation were part of his report on the Fed’s outlook for monetary policy this year.
Powell testimony, interest rates on tap as markets strain to regain equilibrium
A primary focus will be Fed Chair Jerome Powell's first-ever economic testimony before a GOP Congress that's worried about interest rates.
Raging bull returns? Wall Street rediscovers irrational exuberance in Monday action
Wall Street’s raging bull is attempting a serious return. Could this be the beginning of Trump Rally #3?
General Electric continues its sickening swan dive into the earnings abyss
Former General Electric CEO Jeff Immelt was far more interested in playing politics with the Obama Administration and indulging in needless, corporate-paid globetrotting in a costly GE private jet than he was in helping GE to grow.
BB&T: Massive bank cyber-service outage continues, customers upset (UPDATED)
A 2:15 p.m. check of the online banking function found that online banking functions at the BB&T site remain completely unavailable. This continues to frustrate countless customers who depend on the site to transact business and use electronic banking functions.