Mark Zuckerberg will likely pocket about $1 billion from his first stock sale since Facebook’s initial public offering, part of a complex transaction in which the founder and chief executive also plans to donate stock valued at roughly $1 billion to charity.
(Source: Wall Street Journal)
The conviction of SAC’s Michael Steinberg marks the latest victory for U.S. prosecutors in their campaign against insider trading, which has resulted in 77 guilty pleas or convictions over the past four years.
(Source: Wall Street Journal)
The BalticDry Index is issued daily by the London-based Baltic Exchange and provides “an assessment of the price of moving the major raw materials by sea”, like, iron ore, coal, grain, cement, copper, sand and gravel, fertilizer and even plastic granules.
Since it targets real-time shipping rates, which fluctuate based on supply and demand, subjectivity can’t creep into the readings. Day in and day out, it provides a snapshot of global economic activity at the earliest possible stage.
Year-to-date, the index is up nearly 230%. It now rests at its highest level since late 2010.
Can this be a sign of global recovery improving in 2014?
11%
The American Bar Association said on Tuesday that the number of first-year law students fell 11% this year across the 202 U.S. law schools that the group accredits—plunging to levels not seen since the 1970s.
(Source: Wall Street Journal)
2,200
The Energy Department in the U.S. blocked about 2,200 attempts this year by users seeking to get data from its websites in ways that endangered equal access to the agency’s widely followed economic reports.
Twelve movies are set to open at 500 theaters or more between Dec. 12 and 25, the highest number in recent times.
(Source: Wall Street Journal)
54%
That is U.S. President Barack Obama’s disapproval rating—an all-time high, even as Americans feel more upbeat about the economy.
Inflation in the U.S. has been tame. According to the Consumer Price Index (CPI), prices have increased only +1.2% over the last 12 months, below the Fed’s target of 2% inflation. Tame inflation will allow the Fed to remain accommodative for longer.
91
That is how many heads of state are expected to attend Nelson Mandela’s memorial service in Johannesburg Tuesday.
(Source: Wall Street Journal)
