Regulators to study BlackRock, Fidelity for risk

Plus: Bitcoin is back with a vengeance, what's up with consumer discretionary stocks, how about BP and Tesla's surprising earnings miss. From <i>InvestmentNews</i> senior columnist Jeff Benjamin.
NOV 06, 2013
BlackRock Inc. and Fidelity Investments are being studied by regulators to determine if asset managers pose potential risk to the financial system. Designating systematically important financial institutions Bitcoin is back with a vengeance. Increased demand for the cryptocurrency in China is seen as a driving force behind the latest price spike in which Bitcoin hit a new high Tuesday. $267 and climbing Bonus: 10 real things you can buy with Bitcoin With consumer-related stocks up 34% this year, some mutual funds with big allocations to the category are now seen as taking on too much risk. Consumer discretionary bubble Three years ago, in the wake of the disastrous Deepwater Horizon explosion and oil spill in the Gulf of Mexico, few would have expected BP PLC to be where it is today. But a focus on cost containment, dividend payments and a healthy balance sheet has helped push the company's stock price to a 52-week high, establishing what some are calling an ideal energy play. The lowest forward P/E of other major energy companies Premium electric car maker Tesla Motors shocked the market by reporting third-quarter earnings below analysts' estimates. The stock price fell by more than 12% after the market closed Tuesday. Revenues up 760%, but still losing money To help put SAC Capital's whopping $1.8 billion fine into context, here is a list of some the largest white-collar settlements in history. Crime and punishment

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