Business

For the first time since June 2015, Alibaba is now bigger (in market cap) than Amazon.com...

Authored by John Rubino via DollarCollapse.com,

Stocks are at record highs while volatility is at a record low. Which is another way of saying that investors aren’t as worried as they probably should be about the coming year.

That’s okay. Price corrections (with their attendant volatility spikes) are normal and natural ways for markets to teach overconfident investors a little humility. Think of them as the financial word’s forest fires, clearing out the underbrush of misconception, malinvestment, and hubris.

Procter & Gamble stock price is sliding, down over 2%, following news that Trian's Nelson Peltz has lost his fight to be elected to the board.

The largest and most expensive corporate proxy battle came to an end Tuesday with Procter & Gamble successfully fending off a campaign by the financier Nelson Peltz for a seat on its board of directors.

The announcement of the preliminary vote count came at the company’s shareholder meeting in Cincinnati.

As we pointed out yesterday, October 9 was a landmark day: it marked 10 years to the day since the pre-Global Financial Crisis peak in the S&P 500. How have various asset classes performed since then? That is the question that DB's Jim Reid set off to answer this morning in his latest edition of the "Early Morning Reid."

Authored by James Rickards via The Daily Reckoning,

Janet Yellen’s mantra is, “It’s transitory!”

That’s Yellen’s typical response to a long litany of data that shows the U.S. is in the grip of a powerful disinflationary trend that may lead to outright deflation - a central banker’s worst nightmare.