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Macau will rely on Chinese tourists for some time to come

Glenn McCartney of the University of Macau says attracting tourists from mainland China to Macau requires a "wow" factor.

Source: CNBC.com

Dimon-Buffett plan to drop guidance could cause investors to rely on 'rumor and innuendo,' analyst Bove says

A proposal by Jamie Dimon and Warren Buffett to end quarterly earnings guidance drew considerable acclaim but also scattered criticism, including a sharp rebuke from an analyst who's been in the business for more than half a century. The idea is "misguided" in that it would increase market volatility by reducing information and actually increasing speculation, said Dick Bove, a strategist at Hilton Capital Management

Source: CNBC.com