Barron’s: Liquidity Still Propping Up Stocks. Stocks remain in a rising trend despite recent moves in gold, silver and the dollar.
By David Paul Ohmer via Flickr.
BBC: Europe approves hedge fund rules. Hedge funds are to be subject to EU-wide regulation for the first time after the European Parliament approved new rules for the sector.
Bloomberg: Goldman Tells Investors to Exit China Stock Bet With 11.3% Gain. Goldman Sachs Group Inc. recommended clients exit a bet that Hong Kong-listed companies in China will gain on concern the central bank will raise borrowing costs to tame inflation.
BusinessWeek:U.S. Stocks Drop After Cisco’s Forecast Misses Estimates. U.S. stocks fell, with benchmark indexes retreating for a third day this week, after Cisco Systems Inc. projected sales and profit that fell short of analysts’ estimates.
CNBC: Highlights from the Playboy Art Auction. Playboy and Christie’s are coming together in Chicago on December 8 to auction off more than 125 works from the corporate collection of Playboy Enterprises.
Forbes: The Bulls Are Back In Town. Morgan Stanley Smith Barney strategists say market is in multi-year uptrend.
MarketWatch: Thursday’s biggest gaining and declining stocks. Shares of the following companies were making notable moves in the U.S. stock market Thursday.
Reuters: Wary investors go exotic. Inflation-wary investors worried about low returns are piling money into specialized ETFs focused on precious metals, Indonesian stocks and other far-flung products.
The Business Insider: The really worrying part about Chinese inflation: It’s being driven by food prices . Chinese CPI data last night pointed to a sharp increase in inflation in the country, up 4.4% year-over-year.
The Economist: Cartography - The map and the territory . The true size of Africa, tweaked.
The Financial Times: Food price fears as US warns on crop yields.
The Guardian: Cartoon: Bill payers to ‘gamble on energy prices’. Government bill allows consumers to shift the upfront costs of energy efficiency measures to suppliers.
The New York Times: Top 10 Must-Have Apps for the iPhone, and Some Runners-Up. Not enough time to sift through 300,000 apps to find the good ones?
The Telegraph: Biggest drop in Britain’s wealth for 60 years. Worst recession on record eliminated jobs and curbed spending, the Office for National Statistics said.
The Wall Street Journal: Iraq’s Oil Patch Opens the Spigot. Some of the world’s largest energy companies are ramping up drilling in Iraq, as the government attempts an expansion of output that could help moderate world energy prices for years to come.
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