Chanel has acquired its long-time lamb hide provider in the latest purchase by a luxury brand of a partner that supplies top quality materials.» Read More
To attract financial advisers, brokerage firms often offer them loans. The loans are essentially payments to lure the advisers and their clients, The New York Times reports.
Throughout Europe's debt crisis, northern European leaders have often said they will not stand for taxpayers having to fork out for other countries' problems, and the notion of "taxpayer-funded bailouts" has taken root.
Laser beams and microwave dishes are the latest weapons in an arms race to shave milliseconds off dealing times in the shadowy world of high speed financial trading.
Warren Buffett may be on safari for major acquisitions, which he likes to call elephants, but shareholders may wonder if his Berkshire Hathaway has become the biggest elephant in the room.
"Apple of course has huge amounts of cash, but...the cost of borrowing now is so unbelievably low that issuing long-term bonds ... is actually a very smart thing," Schwarzman said on CNBC.
Your daily guide to events and trends that drive the financial markets.