But like dozens of other cities in Washington, the small Tacoma suburb of Fife doesn't want Wetherbee— or anyone else— opening marijuana businesses, even if state law allows it. The arguments officials are making in a lawsuit over the dispute threaten to derail Washington's big experiment in legal, taxed cannabis less than two months after sales began.» Read More
News of a criminal inquiry into Goldman Sachs comes just as investors are increasingly focused on the idea that financial regulatory reform may have sharper teeth for the industry than previously expected.
Oil analysts and environmental experts say the economic impact of the Gulf coast oil spill could grow dramatically, as the leak continues and the slick spreads.
Efforts to close the tax-rate loophole that private equity and hedge funds pay on profits seems to be heating up. Are lawmakers taking a second look?
David Sokol, a key Warren Buffet lieutenant, told CNBC that it would be a “disaster” if Congress enacted retroactive legislation that voided contracts dealing with derivatives.
Real GDP increased about $162 billion since the second quarter of 2009, when the economy bottomed out. Wall Street for 2009 paid out bonuses of nearly $150 billion on profits twice that amount. The rest of the economy, on balance, went backwards.
TD Ameritrade chairman Joe Moglia told CNBC Friday that his clients—individual investors—are regaining confidence in the stock market and increasing their equity holdings.
Assuming that regulators decide that banks are indeed too large, how might a reduction in size be accomplished, writes William Dunkelberg, Economics Professor at Temple University.
Noisy protesters with signs took over two bank building lobbies on Thursday in a prelude to a Wall Street rally by workers and union leaders angry over lost jobs, the taxpayer-funded bailout of financial institutions and questionable lending practices by big banks.
Heard the one about the two economists and a lawyer? But, maybe the more apt question is, heard the one about three doves, or about two doves and a sometimes hawk?
After three entire days, the Republicans finally relented Wednesday after reducing bailout language in the current Dodd bill, but the debate and amendment process is just beginning.
Every now and then an idea takes hold that is, conceptually, so elegant and alluring as to be nearly irresistible. Resolution authority – like the call of the Sirens – has enchanted every US official who was in a decision-making capacity during the financial crisis.
Workers and union leaders angry over lost jobs, the taxpayer-funded bailout of financial institutions and questionable lending practices by big banks are planning to rally on Wall Street.
With Shanghai preparing for the World Expo, stores have moved bootleg DVDs and CDs to back rooms as China hides a trade that is usually out in the open, the New York Times reports.
Sen. Claire McCaskill called Goldman Sachs "the bookie" in selling synthetic CDOs. Now, real bookies are putting odds on what happens next to the Wall Street giant.
The job of a market maker is to determine a price at which the trader is willing to buy a particular product AND a price at which that same trader will sell that same product at the same moment in time. Yes – a market maker will give you a price to buy, or sell – and they are generally indifferent to what you do, they just want you to do business.
Unless Wall Street gets back to the business of business—creating value—both Wall Street in general and the public at large are in for a continuous spectacle of scapegoats and politicians.
Senate Democrats Wednesday prepared for a third procedural vote to advance a sweeping financial reform bill, after the latest round of talks on a bipartisan compromise appeared to yield no agreement.
The bank's problems are over after Tuesday's marathon Senate hearings and the stock is likely to rise, Rochdale Securities banking analyst Richard Bove told CNBC Wednesday.
Goldman Sachs executives tried to fend off accusations they inflated the housing bubble, sold clients "sh**ty" deals and made billions off the market's collapse, in a high stakes Senate hearing.
Today four democratic senators — Charles Schumer, Michael Bennet, Mark Begich, and Al Franken — wrote a letter to Facebook CEO Mark Zuckerberg asking him to review the company's policies. They say they "look forward to the FTC examining the issue," and they're asking the FTC to get involved.