The banking profession is losing its shine and young people may be better off choosing jobs such as engineering, science or technical, various experts told CNBC.
These investments—partnerships that own oil and gas pipelines and storage facilities—throw off great income for investors while providing equities-like liquidity.
Youth unemployment represents one of the most significant barriers to economic and social development throughout the world, John Studzinski is Senior Managing Director and Head of Financial Advisory at Blackstone says in this guest blog for CNBC.
As unemployment amongst the young soars, the boss of private equity giant Blackstone has called for those under 25 to be equipped with better life skills.
The North Korean attack, and continued concerns over the spreading European debt crisis (specifically Spain, which has a GDP almost twice as large as Ireland, Portugal and Greece combined) are weighing on stocks today. Spain's stock market is down 2 percent.
Financial firms are arguing that because they use little or no leverage — or borrowed money — they do not pose a risk to the financial system, the New York Times reports.
The president and COO of private-equity firm Blackstone Group, Tony James, told CNBC Friday that quantitative easing by the Federal Reserve will enhance productivity, but not whittle down the large unemployment number in the United States.
The "Fast" traders share their thoughts on the much-anticipated stock offering from General Motors and how to trade it.
Stocks closed substantially weaker Tuesday, although off the lows of the session, as investors focused on the European Union's efforts to address Ireland's debt troubles and inflation in China. Travelers fell, while Home Depot rose.
Stocks remained substantially weaker ahead of the close Tuesday as investors focused on the European Union's efforts to address Ireland's debt troubles and inflation in China. Travelers fell, while Home Depot rose.
Here's what analysts and others say they're watching before the bell Thursday.
The Blackstone Group and the Carlyle Group demonstrated on Thursday that the private equity industry is thriving amid a weak economy — but they did so in nearly opposing ways. The NYT reports.
Stocks closed mixed Thursday after shaving deeper losses from earlier in the day in the last half hour of trading as investors considered a mixed batch of earnings and the Fed's next steps to stimulate the economy. 3M and Caterpillar fell, while Pfizer and Walt Disney rose.
What follows is a roundup of corporate earnings reports for Thursday, Oct. 28.
Stocks trimmed earlier losses in the last half hour of trading Thursday as investors considered a mixed batch of earnings and the Fed's next steps to stimulate the economy. 3M and Caterpillar fell, while AmEx and Pfizer rose.
Stocks extended losses amid continued worries over the Fed Reserve's plans to stimulate the economy and a somewhat mixed batch of corporate earnings on Thursday. 3M and Caterpillar fell, while AmEx rose.
U.S. stock index futures edged higher ahead of the open Thursday after a report that jobless claims fell to a three-month low, and in the wake of a mixed close in the previous session on worries over the Federal Reserve's next move on quantitative easing from its policy meeting next week.
Lacking any big surprises, the markets may seem to be on cruise control in the coming week, as investors await the U.S. mid-term election and the Fed's November meeting.
The chairman of one of China’s biggest state lenders has called on the country’s financial sector to speed up its expansion overseas in a strong sign that Beijing is considering allowing banks to resume offshore mergers and acquisitions.
A tombstone in Lucite, with a black, not white, background sits on the windowsill in Steve Schwarzman’s office to remind him of a big and costly mistake involving the purchase of a steel company.