Credit Suisse Profit Rises (WSJ)
The quarterly results are the last to be delivered at the bank by CEO Brady Dougan, who is expected to step aside at the end of June. Overall net profit rose to 1.05 billion Swiss francs ($1.1 billion) in the quarter from 859 million francs a year earlier, and against analysts’ expectations of 970 million francs.
Greece Buys Six Weeks’ Space With Transfer of City Funds (Bloomberg)
Greek officials expect an order that local governments transfer funds to the central bank will keep the country afloat until the end of May as European policy makers turn up the heat on Prime Minister Alexis Tsipras.
Retail Traders Wield Social Media for Investing Fame (WSJ)
justin Pulitzer always wanted to be a professional trader. He just never imagined he could build a career powered by little more than his Twitter account. The 36-year-old one-time club promoter is among a vanguard of retail investors who are diving into the stock market with social media as their primary tool for research and communication. Some aspire to become investing stars themselves. Leaving behind the club scene four years ago to trade full-time, Mr. Pulitzer today has a personal portfolio hovering around $1 million and plans to launch a paid subscription service to build on his Twitter following. He says the transparency of social media helps separate the pundits from the posers.
Tebowing pretzel welcomes Tim Tebow to the Eagles (UPI)
A Philadelphia eatery celebrated the news of Tim Tebow joining the Eagles with a pretzel recreating the football star's iconic "Tebowing" pose. The Philly Pretzel Factory posted a picture to Twitter Monday welcoming Tebow to the team, which announced a one-year deal with the quarterback Monday.
New York won't settle with Barclays soon over forex algorithms (Reuters)
New York's banking regulator won't settle with Barclays Plc (BARC.L) over foreign exchange trading in the coming weeks unless the bank agrees to carve out of the deal the possible rigging of rates through computer programs, the agency's superintendent said on Tuesday.
Buttered Coffee Could Make You Invincible. And This Man Very Rich (Bloomberg)
He calls the mixture Bulletproof coffee. Drink it, the name implies, and you’ll feel invincible. “Fats and caffeine help stimulate the brain,” Asprey says in his office, taking another sip. The coffee, along with the drug cocktail he’s just downed, which includes vitamins K and C as well as aniracetam, a pharmaceutical designed to improve brain function, is intended to provide hours of enlightenment. “There’s a sense of cognitive ease, where everything you want to say is at the tip of your tongue,” he says. “It’s like getting a new computer—you never want to go back to the old one.”
New York Apartments, Art Top Gold as Stores of Wealth, Says Fink (Bloomberg)
Gold’s traditional role as a store of wealth has been usurped by contemporary art and apartments in cities such as New York and London, according to Laurence D. Fink, head of the world’s biggest asset manager.
Florida Cop: 'The Crack Is Not For Me, It's For My Wife' (HP)
A Florida police officer arrested on suspicion of purchasing cocaine reportedly told arresting officers, "The crack is not for me, it's for my wife." Christopher Heredia, 25, of the Sweetwater Police Department, was arrested after Miami-Dade cops witnessed him allegedly purchasing drugs in a Walgreens parking lot Thursday afternoon. When the suspect drove off, officers pulled him over, WSVN TV reports...A subsequent search revealed a baggie of crack cocaine on the driver's side floorboard as well as three Xanax pills. That's when Heredia said the drugs were actually for his wife, the station reports.