The banks could have easily avoided the 2008 financial crisis, says Sallie Krawcheck, a former executive at Citigroup and Bank of America. How? By having more diversity in the C-suite, which she strictly refers to as hiring females.
 | | Good morning. The banks could have easily avoided the 2008 financial crisis, says Sallie Krawcheck, a former executive at Citigroup and Bank of America. How? By having more diversity in the C-suite, which she strictly refers to as hiring females.
Currently, only 30 percent of senior-level managers in finance are women. But even if that number were 100 percent, human nature, from greed to fear, goes beyond gender. Plenty of credit analysts, lenders, home owners, and flippers had a role to play in the crash of a lifetime, both male and female. It's doubtful that a different group of executives would have changed that. | | |
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| | |  | DOW 26,719.13 | -0.13% | | | | S&P 2,950.46 | -0.13% | | | | NASDAQ 8,031.71 | -0.24% | | | | | *As of market close | | | • | Stocks dropped at the open, rallied a bit, then closed slightly down Friday, on positive comments regarding the U.S./China trade war. | | | | • | Oil continued to move higher, closing over $57 per barrel. Cryptocurrencies rallied, with Bitcoin closing in on $10,000. Gold topped $1,400. | | | |
| | | Stocks Flat as VP Comments on China Trade Issues | | 
| | Vice President cites "positive signs" of progress on trade. | | The stock market moved off its lows on Friday as more positive comments came out regarding trade. Vice President Mike Pence stated that he will postpone a planned speech on China policy ahead of the meeting between Chinese President Xi Jinping and U.S. President Donald Trump.
Pence stated that there were "positive signs" of progress with China regarding issues on trade. The comments were enough to cause a brief pop in markets.
» FULL STORY | | | | |
| | Overstock Shares Rally on Plan to Sell Retail Operations | |  | | Company to focus on blockchain technologies. | | Shares of online retailer Overstock (OSTK) railed over 15 percent on Friday, following comments from CEO Patrick Byrne. Byrne has been looking to sell the company's core retail business, and indicated that two potential acquirers have stepped forward.
Byrne is looking to sell the company to focus on another trend: Cryptocurrency. Byrne sees retail as too competitive and challenging, but the rapid growth opportunities in blockchain technologies are wide open.
» FULL STORY | | | | |
| | | | Insider Activity: Associated Capital Group (AC) |  | | Billionaire owner adds to beaten-down research firm. | | Billionaire investor Mario Gabelli bought 3,544 shares of Associated Capital Group (AC) on June 20th. This doubles his personal share stake, but Gabelli is also Executive Chairman and owns more of the company through his Gabelli funds.
The New-York based company was founded in 1976 by Gabelli as an institutional research firm based on bottom-up research and generating market-beating returns.
» FULL STORY | | | | |
| | Unusual Options Activity: Barrick Gold (GOLD) | |  | | Traders bet on a gold decline. | | After gold hit a 5-year high, one trader is betting on a pullback. On Friday, a bearish bet was made on Barrick Gold (GOLD).
On Friday, over 7,100 contracts of the November $14 put options contracts had been traded, against an open interest of 155, representing a 46-fold surge in volume. This bet, with shares currently at $15.40, would need to see shares decline at least 9 percent between now and November to move in-the-money.
» FULL STORY | | | | |
| | | | TOP | | | HUM | 4.397% | | | | BHGE | 3.325% | | | | KMX | 3.181% | | | | PVH | 3.13% | | | | LB | 2.801% | | | | BOTTOM | | | SEE | 4.511% | | | | MO | 4.497% | | | | CCL | 4.447% | | | | ALGN | 4.096% | | | | KR | 3.848% | | | | |
| | Top Rated Stocks Under $10 |  | | | |
| | |  | | The killer app of blockchain is security tokens…And those security tokens are going to need a regulated exchange. The regulated exchange will disrupt Wall Street itself." | - Overstock CEO Patrick Byrne on selling the retail division to focus on blockchain technologies  | |
| | The Next Big Bankruptcy In America… | | | | No one believed Porter Stansberry years ago when he said the world's largest mortgage bankers (Fannie Mae and Freddie Mac) would soon go bankrupt.
And no one believed him when he said GM would fall apart… or that the same would happen to General Growth Properties (America's biggest mall owner)… or that oil would fall from over $100 per barrel to less than $40 a barrel.
But in each case, that's exactly what happened.
And now Stansberry says something new and terrible is unfolding in America: The "enslavement" of millions of Americans is leading to a political event that is unlike anything we've seen in our country in more than 50 years. | | | |
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