MIDDAY UPDATE: FBI and the GDP
Today we heard about yesterday’s FBI seizures following a long and wide investigation into insider trading. The FBI seized documents from different hedge funds in New York, Connecticut, and Massachusetts.
In global news, we heard about the artillery exchange between North and South Korea, and what it means for the global markets. South Korea’s central bank said today it will work with the government in making sure markets remain stable following the exchange. And back to Ireland — Dublin is facing political turmoil and upcoming elections, which bring to light questions about the Irish bailout, especially about the still-vauge details.
The revised GDP number is up to 2.5 percent from the initial 2 percent. Jeremy Hobson spoke to Juli Niemann about what this number means for the upcoming holidays.
Sarah Palin has a new book out, which fits perfectly into the Sarah Palin brand. And we learned how Internet dating is not too distant from marketing.
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